The China Stock Blog recently profiled China Digital Communications (ticker: CHID.ob), a Chinese manufacturer of battery shells and related technology for use in electronic products, including mobile phones, and digital cameras. The company announced guidance for Q1 2005 this morning. Details:
(all percentage changes and comparisons are year on year, unless stated otherwise. Results for Q1 2004 are pro-forma)
- Revenue to increase 250% to approximately $2.71 million.
- Net income to be approximately $630,000, up from a loss of $518,000.
- Diluted EPS of $0.01, up from a loss of $0.09.
Projected Results for Q1 2005:
(all percentage changes and comparisons are sequential, unless stated otherwise)
- Revenue to increase 21% to an estimated $2.71 million.
- Unit volume of battery shells and caps to rise 25% to 63.85 million.
- In February, the company moved to a new plant in Shenzhen, China, with at least 40% more
production capacity than its previous location.
- In March, it hired 65 more production workers to increase output at its factory.
Read more on China Digital from The China Stock Blog, here.
China Digital's stock market performance:
Disclosure: I am LONG China Digital.