KGV von 1-2 in 2011??

China Shuangji Cement, Ltd. Moves Closer to New Zhaoyuan Facility Opening and Reiterates Growth Outlook / Company Has Ordered, Received and Installed Most Equipment to Complete Construction

ZHAOYUAN CITY, China, Sept. 13 /PRNewswire-Asia/ -- China Shuangji Cement, Ltd. (BULLETIN BOARD: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China (PRC), announced today that the Company is moving closer towards completion of its new Zhaoyuan Cement Production Facility and reiterated its growth outlook.

"Once completed, our production capacity will increase approximately 66% over our current level and we are already seeing strong interest from local contractors to buy cement from this plant once it starts producing cement," stated Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We are very excited that we received the capital to complete this project. While the exact completion date is contingent upon how quickly the equipment is integrated and tested, we expect to be operational by the first week of October."

Continued Mr. Song, "China, especially the areas we operate in, is enjoying strong economic growth and the construction industry continues to be driven by demand for new buildings and cement intensive infrastructure projects. We see these conditions continuing as the outlook for the remainder of 2010 and beyond remains positive underpinned by large stimulus spending and strong organic demand. As a result, we are reiterating our strong future growth outlook and expect that with the new plant's increased capacity, our sales and profit run rate will be about 66% higher than it is now. That means in the very near future, we will be operating at an annual rate of about $96 million in sales and about $7.5 million net."

As previously announced, China Shuangji secured a non-convertible $3.7 million loan from an individual Chinese investor to complete the construction of its new 1,000,000 metric ton capacity cement factory in Zhaoyuan City, which is located approximately five miles from the Company's former facility. China Shuangji has used the funds to purchase the remaining equipment needed to finish the partially completed plant. To date, much of the building and infrastructure has been completed at the new facility and almost all the equipment has been installed.

China Shuangji Cement, Ltd. Moves Closer to New Zhaoyuan Facility Opening and Reiterates Growth Outlook / Company Has Ordered, Received and Installed Most Equipment to Complete Construction

ZHAOYUAN CITY, China, Sept. 13 /PRNewswire-Asia/ -- China Shuangji Cement, Ltd. (BULLETIN BOARD: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China (PRC), announced today that the Company is moving closer towards completion of its new Zhaoyuan Cement Production Facility and reiterated its growth outlook.

"Once completed, our production capacity will increase approximately 66% over our current level and we are already seeing strong interest from local contractors to buy cement from this plant once it starts producing cement," stated Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We are very excited that we received the capital to complete this project. While the exact completion date is contingent upon how quickly the equipment is integrated and tested, we expect to be operational by the first week of October."

Continued Mr. Song, "China, especially the areas we operate in, is enjoying strong economic growth and the construction industry continues to be driven by demand for new buildings and cement intensive infrastructure projects. We see these conditions continuing as the outlook for the remainder of 2010 and beyond remains positive underpinned by large stimulus spending and strong organic demand. As a result, we are reiterating our strong future growth outlook and expect that with the new plant's increased capacity, our sales and profit run rate will be about 66% higher than it is now. That means in the very near future, we will be operating at an annual rate of about $96 million in sales and about $7.5 million net."

As previously announced, China Shuangji secured a non-convertible $3.7 million loan from an individual Chinese investor to complete the construction of its new 1,000,000 metric ton capacity cement factory in Zhaoyuan City, which is located approximately five miles from the Company's former facility. China Shuangji has used the funds to purchase the remaining equipment needed to finish the partially completed plant. To date, much of the building and infrastructure has been completed at the new facility and almost all the equipment has been installed.

China Shuangji Cement, Ltd. Reports Increases in Revenue and Gross Profit for Third Quarter 2010 / Company Reports Revenue Rose 7% with Gross Profit Increase of 36%

ZHAOYUAN CITY, China, Nov. 23, 2010 /PRNewswire-Asia/ -- China Shuangji Cement, Ltd. (BULLETIN BOARD: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China (PRC), yesterday announced its financial results for the third quarter ended September 30, 2010. In the results, the Company reported revenue and gross profit increases as a direct result of stronger cement sales and improved product pricing.

Third Quarter 2010 Highlights -- Total revenue increased 7% to $15.1 million from $14.1 million a year ago. -- Gross profit increased 36% to $2.1 million from $1.5 million a year ago. -- Gross margin increased to 14% from 11% in the same period last year. -- Operating expenses were $429,717, up from $100,846 in the same period last year. -- Operating income rose 15% to $1.7 million from $1.4 million a year ago. -- Net income declined 21% to $567,840 compared to $715,504 a year ago. -- Working capital increased 16% to $12.4 million at September 30, 2010, from $10.7 million at December 31, 2009. -- Shareholders' equity increased to $29.6 million at September 30, 2010, from $26.1 million at December 31, 2009. -- Moved closer to completing new 1,000,000 metric ton Zhaoyuan Cement production facility and began final testing of equipment.

Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd, stated, "We are pleased with the solid revenue increases and the 36% increase in gross profit in the third quarter. Our temporary decline in net income was primarily due to a non-recurring one-time impairment charge on assets held for sale and we expect to continue to realize increases in net income going forward." He added, "We are now closer towards completing our new, state-of-the-art cement factory in Zhaoyuan City, which should be in full production by the end of the year. Management expects this will dramatically increase the sales and profits of China Shuangji for 2011 and beyond and add material value to this Company."