Other highlights of the report for the year 2011: net income attributable to Pansoft shareholders was US$1.4 mln, compared to US$3.2 mln in the prior fiscal year, net income per diluted share attributable to Pansoft shareholders was US$0.25 (US$0.59 in 2010). Comprehensive income attributable to common shareholders of the BVI company was US$2.2 mln (US$3.3mln in the previous year). In the year 2011, cost of sales was US$12.8 mln, this is a 104.4% increase from US$6.3 mln in the prior fiscal year.

Pansoft’s Chairman of the Board Hugh Wang has commented on the results, saying that the company is mostly satisfied with their business results for fiscal 2011. This year, the company also completed the acquisition of Hefei Langji Technology Co., Ltd., a leading HR solution provider to China’s coal-mining industry, and its wholly-owned sales and marketing arm Shanghai Zhongrui for a total amount of approximately $1.7 million.

In this year period, the BVI company completed the sale of its stake in Extract Resources Limited, as well as the disposal of its uranium interests, for US$142 million, and realised a net gain on disposal of US$62.7 million. Part of the proceeds were used to fund a special dividend to shareholders, for a total amount of US$113.9 million. US$7.8 million was devoted to the share buy-back programme, and a total of 168.4 million shares were cancelled from the company’s share capital during the period.

On 12 October 2010, Polo Resources Ltd (http://finance.yahoo.com/q?s=POLJF.PK) received the US$20 million deferred cash consideration from Winsway Coking Coal Holdings Ltd, to conclude the disposal of the company’s 50%-interest in the Peabody-Polo Resources Mongolian coal joint venture.

Interest in GCM Resources plc (http://finance.yahoo.com/q?s=GCM.L%2C+&ql=0) was valued at US$25.9 million at 31 August 2011. Polo holds 29.82 per cent of the company. Subsequent to the financial year end, the interest in Caledon Resources plc (http://bvi-company-financials.bviincorporation.com/386/bvi-company-to-receive-cash-proceeds-on-disposal-of-its-subsidiary/) is being realised as Guangdong Riding Pty Ltd confirmed acquisition of Caledon in an all cash offer of 112 pence per share.

By words of Neil Herbert, Executive Co-Chairman and Managing Director of Polo Resources, “the proceeds from the realisation of Extract (Uranium) have been applied to implement a share buy-back programme and fund the payment of a substantial special dividend in August 2010. The proceeds have also funded the acquisition of interests in new projects across a range of minerals. The proceeds from the realisation of Caledon (Coal) will be utilised to implement a further substantial dividend and pursue new opportunities.”

According to him, the BVI company is looking forward to “another exciting year with a range of projects in coal, iron and gold, with new evaluate new projects, both listed and private, with the view to making additional investments.”

Tongxin International expects total shareholders’ equity to be approximately US$92.1 million, compared to US$83.8 million for the previous reported year. At the end of reported period, cash, cash equivalents, and restricted cash (security deposit) totaled approximately US$10.8 million. Total current assets were approximately US$64.2 million compared to US$67.5 million at December 31, 2009. Total current liabilities were appeoximately US$71.4 million (US$79.7 million in the previous year).

These results are preliminary, and may change significantly following the completion and analysis of financial statements of the BVI company for 2010.

For the year ended 31 March 2011, the BVI company reported a pre-tax loss on continuing activities of US$11.5 million, compared to US$3.9 million in 2010. As at 31 March 2011 cash balances of the company were US$108.9 million (US$30.3 million in 2010). Sable Mining Africa Ltd has a strong cash treasury, remaining in an attractive position with a substantial asset base. Total assets of the company by the end of the reported period were US$181,9 million.

According to consolidated income statement, net finance income of the BVI company was US$1,3 million. Also, in the year ended 31 March 2011, weighted average number of ordinary shares for the purposes of basic loss per share was 898,992,346; average number of ordinary shares for diluted loss per share was 906,669,373.

These are some highlights of BVI company’s overview: significant progress made building an extensive coal and iron ore portfolio across Southern, Central and Western Africa. The company commenced comprehensive exploration and drilling programmes to prove up resources – current attributable coal resource is 2.3 billion tonnes, and potential remains to raise this to 4 billion tonnes.

By words of Sable Mining CEO Andrew Groves, “Sable Mining has rapidly built a high quality multi-project portfolio spanning Zimbabwe, South Africa, Liberia, Sierra Leone and Guinea, with a focus on bulk commodities, primarily coal and iron ore… Our portfolio of thermal and metallurgical coal interests, located in areas with strong established infrastructure networks, has a current attributable coal resource in excess of 2.3 billion tonnes and we believe we have the potential to raise this to 4 billion tonnes. In tandem with this, we have assembled multiple highly prospective iron ore assets in recognised world class mineral regions of West Africa. We are positioned for growth and believe that we are at a tipping point in recognition of the inherent value of our portfolio which we believe will reflect positively in our valuation over the coming year.”

In the reported year, China Natural Resources recorded total sales revenue of US$15.26 million, down by 6.44% from the year 2009. In 2010, company’s income attributable to shareholders was US$86.94 million, almost two times higher than last year, of which US$94.47 million was derived from the bargain purchase gain relating to Guizhou Puxin’s acquisition.

The BVI company reported net income per share (basic) in the amount of US$3.87, net income for diluted share was US$3.82.

The company announced that its prime focus now is coal mining business, the sales of coal to become the main source of revenue in the next years.

China Natural Resources, Inc. is currently engaged in the acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sale of iron, zinc and other nonferrous metals, located in Anhui Province in the People’s Republic of China, and acquisition, development and production of coal resources in Guizhou Province in the PRC.

Another factor that influenced the higher net loss of the BVI company in the year period ended November 30, 2010, is an increase in corporate expenses including staff severance costs that occurred at the beginning of the reported year.

Capitalized project costs amounted to US$175,185,200, as compared to capitalized project costs for the year ended November 30, 2010 totaling US$8,360,605.

Full year total revenue and EPS guidance for the year 2011 is between US$70.0 million and US$72.0 million and US$0.43-0.45. Total revenues for the fourth quarter of 2010 were US$21.9 million, an increase of 212.8% year-over-year, and 39.0% sequentially. The year-over-year increase was mainly due to the increase of software and solutions revenues.

Gross margin for the fourth quarter of 2010 was 50.6%, compared to 27.4% in the last year period and 48.4% in the previous quarter of the reported year. Gross margin of net revenues was 50.7% in the fourth quarter of 2010, compared to 20.1% in the year-ago period and 48.4% in the previous quarter. The increase in gross margin year-over-year was a combined result of the increases in gross margin of both software & solutions business and platform business.

Total operating expenses in the fourth quarter of 2010 decreased 14.5% year-over-year and increased 48.4% to US$8.4 million. Total operating expenses for the fourth quarter of 2010 decreased 19.5% year-over-year and increased 48.7% sequentially to US$7.6 million.

Income from operations for the fourth quarter of 2010 was US$2.7 million. Income from operations for the fourth quarter of 2010 was US$3.5 million, compared to US$ -7.5 million in the year-ago period and US$2.5 million in the previous quarter.

As of December 31, 2010, cash and cash equivalents and restricted cash of the BVI company totaled US$24.5 million.

The unaudited annual results published by the company reflect the financial statements of Origin Agritech in the period from October 1, 2009 to September 30, 2010. According to the report, FY2010 again showed significant progress toward improved industry conditions.  Operating cash flow of the company in 2010 was US$44.56 million from US $30.59 million in the previous year. Operating expenses for the year were US$25.26 million – 9.96% increase as compared to September 30, 2009. The increase in operating expenses was partially due to increase in salary expenses and grant of stock options.

For the year ended September 30, 2010, revenues of Origin Agritech were US$87.28 million, this is a slight decrease of 1.29% from the period ended September 30, 2009, with US$86.76 million. The year-over-year increase in revenues to US$87.28 million from US$86.76 was 0.60%. BVI company’s gross profit for the period increased to US$34.51 million, this is 15.81% increase from September 30, 2009 with US$29.24 million.

Selling and marketing expenses for the year ended September 30, 2010 were US$7.79 million, representing a decrease of 6.15% from September 30, 2009 of US$8.15 million. General and administrative expenses for the year ended September 30, 2010 were US$11.75 million – an increase of 21.41% from September 30, 2009 of US$9.50 million. Research and development expenses for the year ended September 30, 2010 were US$5.72 million, representing an increase of 14.61% from September 30, 2009 of the previous year.

Company’s net income this year was US$7.32  million as compared to net loss of US$5.98 million in the year 2009. This amount included the net gain from the sale of company’s minority investment of Biocentury Transgene of US$1.33 million. Origin Agritech reported income from operations for FY2010 of US$9.25 million, compared with US$6.69 million in the year 2009.

In the year period ended 31 March 2010, equity shareholder funds were £35,867,184, this is 34% increase compared to £26,652,271 for the year ended 31 March 2009. Company’s cash reserves increased by 370%, from £3,757,960 in the previous year to £17,676,956 this year.

In 2010, Emerging Metals reported net profit of £8,408,770 (£10,005,933 in 2009). This figure includes an investment gain of £14,427,398, as compared to £10,259,493 in the prior year; an exchange loss of £61,521, as compared to £798,146 profit in 2009; impairment losses on the write off of the Tsumeb land option; and related capitalized intangible fixed asset costs of £5,319,860 (£nil in 2009). The calculation of earnings per share (basic) of the company is based on the net profit figure and the weighted average number of shares of 330,759,300 in issue during the year. The calculation of diluted earnings per share of the BVI company includes the weighted average number of share options and shares to be issued in respect of share based payments.

Following the implementation of operating efficiencies, operating expenses of Emerging Metals Limited are below budget at £396,888. Investments are £18,238,155, as compared to £22,947,634 in 2009. As of 31 March 2010, net asset value is 10.41 pence.

For the twelve months ended June 30, 2010, cost of sales was US$6.3 million, an increase of 54.3% from US$4.1 million in the same period ended June 30, 2009. Costs increased due to an increase in employee compensation and several new hires during this period.

Pansoft reported gross profit of US$5.8 million, which is 29.7% more than US$1.7 million in the twelve months ended June 30, 2009. Gross margin was 48.1%, compared to 52.1% in the prior twelve-month period.

Operating expenses were US$2.2 million, as compared to US$1.7 million in the twelve month period ended June 30, 2009. Operating profit was US$3.6 million, an increase of 33.3% from US$2.7 million in the twelve-month period of 2009. Operating margin was 30.1%, compared to last year’s 32.2%.

In the twelve-month period of 2010, the BVI company reported net income in the amount of US$3.2 million, as compared to $2.5 million in the corresponding period in 2009. Diluted earnings per share were US$0.59 – an increase from US$0.47 in 2009. Adjusted diluted EPS were US$0.67, excluding share-based compensation expenses – a 19.3% increase from US$0.57 in the twelve months ended June 30, 2009.

Pansoft’s officials commented that the BVI company reported strong financial and operational results in fiscal 2010, and the strong revenue growth even exceeded the guidance. The company achieved strong growth in both net income and EPS.