China Digital's (CHID) FY 2005 guidance

After some unusual trading activity last week, China Digital (ticker: CHID.ob), a Chinese manufacturer of battery shells and related technology for use in electronic products, including mobile phones, and digital cameras, has been making a concerted effort to provide more information to the public.

Today, the company provided additional guidance for 2005. The company recently guided for Q1 2005.

FY 2005 Guidance:
(all percentage changes and comparisons are year on year, unless stated otherwise)

• Revenue to increase 120% to $11.4 million.
• Net income to increase 490% to $2.6 million.
• Excluding one-time consulting fees in 2004, net income will increase 155% from $1.04 million.
• Diluted EPS of $0.05 versus $0.008.

China Digital's Stock Market Performance:

Disclosure: I am LONG China Digital.