China Cablecom Holdings, Ltd. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2009. The issued release reflects both pro forma and actual financial results due to the completion of China Cablecom’s acquisition of 55% stake in Hubei Chutian Video & Information Network in the third quarter of 2008. The financial results of Hubei have been consolidated beginning with July 1, 2008. Along with this, the fourth quarter 2009 results of operations reflect the business combination with Jaguar Acquisition Corporation.

For the fourth quarter of 2009, consolidated revenues of the company were $13.2 mln compared to $9.8 mln revenue for the fourth quarter of 2008 – a 35% year-over-year increase. Consolidated operating expenses for the fourth quarter period were $7.2 mln, compared to operating expenses of $5.7 mln for the same period of 2008. The main reasons for the increase of operating expenses were debt restructuring and fundraising, which was completed in Q4 2009.

The net loss attributable to ordinary shareholders for the fourth quarter of 2009 was $43.4 mln, or $11.14 per share (basic and diluted) compared to a net comprehensive loss of $4.6 mln, or $1.43 per share (basic and diluted) in Q4 2008.

For the full year ended December 31, 2009, China Cablecom reported consolidated revenues in the amount of  $45.6 mln. Pro forma operating expenses for the twelve months ended December 31, 2009 were $22.6 million. Net loss for the twelve months ended December 31, 2009 was $56.3 mln, or $16.56 per share (basic and diluted). For the reported period, the BVI company used weighted average shares outstanding of 3.4 mln.

China Gengsheng Minerals, Inc., a materials technology company, conducting its business through the BVI-registered subsidiary Gengsheng International Corporation and the Chinese subsidiaries, announced results for the fourth quarter and fiscal year ended December 31, 2009. For the fourth quarter period, the company reported sales revenue growth of 18% compared to the same period of 2008 – that is approximately $15.3 million. Company’s gross profit made $3.9 milliion – a 33.8% increase year-over-year. In the fourth quarter of 2009, China Gengsheng reported net income of approximately $1.0 million, that is $0.04 per share (basic or diluted), – compared with $643,000 net loss (or $0.03 per basic and dfiluted share) for the same period of the prior year.

According to the year end 2009 results reported by China Gengsheng, company’s sale revenues made approximately $57.0 million, compared with $49.8 million in 2008. Cost of sales in the fiscal year 2009 was $40.7 million – a 20.5% increase from approximately $33.8 million in 2008. Gross profit in 2009 was approximately $16.2 million, an increase of 1.6% from the last year. Net income made approximately $5.6 million in the fiscal year 2009, compared with $4.1 million in 2008.

As of December 31, 2009, company’s cash made about $1.0 million, working capital was approximately $24.6 million, and no long-term debt was reported. Total shareholders’ equity was 48.9 million, compared to $43.3 million at December 31, 2008. Total shares outstanding (both basic and diluted) were 24,038,183.

The company is optimistic about year 2010, and, based on its current sales estimate, is expecting  growth to continue.

Talon Metals Corp. published financial report for the year ended December 31, 2009. For this period, the BVI company reported net loss of $1,841,962 or $0.07 per share – basic and diluted. In 2008, net loss made $6,833,161 or $0.25 per share. This year, net loss was primarily due to operating expenses, partially covered by gains on investments totaling approximately $1.4 million.

For the three month period ended December 31, 2009 Talon reported net loss of $510,769 or $0.02 per share – compared to net loss of $6,833,161 or $0.25 per share (basic and diluted) in 2008. In the fourth quarter of 2009, net loss was mainly due to operating expenses.

Capitalized exploration of the BVI company in 2009 was $1,272,277, total amount is $9,417,920. This  relates mainly to the acquisition of the Sergipe Potash Project in Brazil.

LJ International Inc., a jewelry manufacturer and retailer having registered address in the British Virgin Islands, and operating in Hong Kong and China, announced financial results for the fourth quarter of the year ending December 31, 2009. The company also announced an upward revision of earlier guidance, to $39 million for the fourth quarter and $110 million for the fiscal year 2009. Earlier guidance, issued in November 2009, provided for quarterly and annual revenues of $30 million and $100 million. Based on these projections, revenues will be down approximately 6% and 19% year-over-year for the fourth quarter and fiscal year 2009, with lower sales in company’s wholesale operations.

The newly revised figures for the fourth quarter of 2009 showed 56% year-over-year sales increase at BVI Company’s ENZO chain of retail stores in mainland China, and an estimated total amount made approximately $16.7 million.

On a comp-store basis, net sales increased 19% in the fourth quarter of 2009 compared to the corresponding period of the previous year.

The company has also increased its guidance for earnings per fully diluted share at $0.09 for the fourth quarter of 2009 and $0.15 for the whole year.

BVI-registered OpenTV Corp., a leading software and technology provider of advanced digital television solutions, announced financial results for the fourth quarter and full year period ended December 31, 2009.

For the year ended December 31, 2009, the BVI company reported revenues in the amount of $120 million – a 3% increase compared to $116.5 million in 2008. Also, in this period royalties and licenses revenues increased 8.9% and made $84 million. Services and other revenues decreased 8.6% and made $36 million. Net income for the year ended December 31, 2009 was $6.2 million, or $0.05 per share, compared to $9.6 million, or $0.07 per share, in 2008.

In 2009, OpenTV’s cash flows from operations were $20.3 million, compared to $14.2 million in 2008.

As of December 31, 2009, the  BVI company had cash, cash equivalents and short and long-term marketable debt securities totaling $118.5 million, compared to $102.8 million as of December 31, 2008.

For the fourth quarter 2009, OpenTV reported revenues in the amount of $31.2 million, compared to $28.9 million in the same period of 2008. Royalties and licenses revenues in Q4 2009 were $22.2 million, compared to $8.7 million in the fourth quarter 2008. Adjusted Earnings Before Interest, Tax, Depreciation and Amortization were $4.4 million, compared to $3.9 million in the same period of 2008. Net income in the fourth quarter of 2009 was $0.7 million, or $0.01 per diluted share, compared to $2.3 million, or $0.02 per diluted share, in the fourth quarter of 2008.

The banking environment changes in the fourth quarter of 2009 impacted the sales of the BVI company in this period. Company’s gross profit was $4.0mln as compared to $12.2mln in the fourth quarter of 2009, caused by the fall of revenues in the reported period. Sales, General and Administrative Expenses remained flat and were $7.8mln in Q4 2009 as compared to $7.5mln in the same period of 2008, – as a result of strict SG&A controls implemented in the third quarter of 2009.

In the fourth quarter of 2009, non-GAAP net income of the company was $-4.9mln, compared to $4.7mln in the same period of 2008, and net income on a GAAP basis was -$5.2mln, compared to $4.4mln in the fourth quarter of 2008. Company’s earnings per share (fully diluted) made USD-0.26 (non-GAAP) and USD -0.28 (GAAP), compared to USD 0.26 (non-GAAP) and USD 0.24 (GAAP) in the fourth quarter of 2008. Although expense controls gave positive effect on the fourth quarter financials, the costs related to unsigned contracts and lower revenues caused Yucheng to generate a loss.

By the end of 2009, cash position of Yucheng was $36.3mln, compared to $35.1mln for the same period last year. Total net revenues of the company for the year 2009 totaled $54.8mln, while in 2008 they were $54.8mln. Total assets in the end of the reported year were $130.54mln, compared to $136,27mln in 2008.

China Cablecom announced going concern qualification in compliance with Nasdaq rules which require public disclosure of the receipt of an audit opinion containing a going concern qualification.
The announcement of the BVI company does not change or amend its financial statements for the year 2008.

This announcement does not represent any change or amendment to the company’s financial statements for the year ended December 31, 2008.

BVI company’s major subsidiary, Qiao Xing Mobile Communication Co., Ltd., a domestic manufacturer of mobile phone handsets in China, strategically shifted its products portfolio to target upper-middle-income customers, and by this significantly increased its gross margin from 28.2% in 2007 to 40.2% in 2008.  Also, QXMC reported net income of Rmb423.8 million (US$62.1million) and basic earnings per share after extraordinary gains of Rmb7.52 (US$1.10).

Another subsidiary of Qiao Xing Universal Telephone, Qiao Xing Communication Holdings Limited,
engaged in the lower-end mobile phone handset business and indoor phone business, reported a net loss of Rmb291.0 million (US$42.7 million) for 2008. The reasons for the decrease are the economic recession and increased provisions for doubtful debts on accounts receivable in the amount of Rmb232.8 million (US$34.1 million) (compared with Rmb3.0 million in fiscal year 2007).

As a result of the material loss from Qiao Xing Communication Holdings and significant interest expenses which made Rmb146.2 million (US$21.4 million) at the parent company level, the net loss for Qiao Xing Universal Telephone in 2008 made Rmb136.8 million (US$20.0 million), and basic loss per share made Rmb4.42 (US$0.65).

The BVI company continues its diversification strategy and anticipates that its molybdenum business will generate substantial revenues, income and cash flow to the Group starting from the second half of 2009.

For Q4 of the year, net sales made $27.4 mln, – a 13.2% decrease compared to the same period of 2008. The reason is the continuing decline of demand from the professional audio and instrument equipment market. Also, the company reported a decline in the operating income, which was $0.21 mln in the fourth quarter of 2009 compared to $0.65 mln in the same period of 2008.

In Q4 2009, net income was $0.59 mln ($1.04 mln in the quarter ended March 31, 2008). In this period, gross profit in the plastic segment decreased to 18.9% of net sales for the fourth quarter, from 21.4% of net sales in the same quarter of last year. This became mainly the effect of an increase in material cost. Gross margin in the electronic and metallic segment increased to 12.4% of net sales for the fourth quarter ended March 31, 2009, due to the decrease in raw materials cost and in labor cost due to headcount reduction.

For the year period ended March 31, 2009, Deswell reported net sales of $131.7 mln, – a decrease of 8.4% compared to $143.8 mln in 2008. Operating income decreased from $8.7 mln in the previous year to $0.75 mln this year. Net income decreased to $1.20 mln ($8.86 mln for the year ended March 31, 2008). In 2009, basic and diluted net income per share fell to $0.08, compared to $0.57 in the previous year. Company’s working capital totaled $51.6 mln as of March 31, 2009, compared to $54.8 mln as of March 31, 2008. Also, by the end of this year period the company has no long-term or short-term borrowings.

During the year 2009, the BVI corporation acquired 8.04 per cent stake of Kalahari Minerals Plc and  0.17 per cent of Extract Resources Limited; holdings in both these companies valued at GBP17,627,774 – 139% rise against a purchase price of GBP7,368,281. Non-current assets valuation in 2009  increased to GBP5,319,860 (2008: GBP4,818,455); current assets valuation increased to GBP21,392,111 (2008: GBP9,092,516).

Emerging Metals reported net profit for the year 2009 in the amount of GBP10,005,933 (loss of  GBP1,498,576 compared to the previous year). Cash reserves remained at  GBP3,757,960 – a 59% decrease. The BVI company also reported an interest income of GBP266,423 – an increase of 53%. Operating expenses made GBP973,230. This was the first year of company’s listing on AIM.