Adam Yan

12 Comments

    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Vincent, your revenue assumptions are correct. We are confident on our projection of at least 59% growth to $10 million of revenues for the full year 2007. This is driven by our robust organic growth as I mentioned earlier, the first half of the year is typically the weakest period and the fourth quarter the strongest period. And our recent acquisition of Crownhead and its subsidiary Royalstone in Aug 1,2007will also contribute significant revenue on the next half year of 2007.
      Please refer to previous answers above to Doug F. and Sam M. as we have already addressed similar questions to yours in detail above. Thank you.
      Sep 07 03:10 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      That's very timely question as those markets are continuing to develop their existing infrastructures. We are software provider to manufactures and retailers etc across industries, but most of them are focusing on the Chinese market. Sep 07 12:14 AM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Hi, Yale, as I mentioned earlier, the Chinese retail market is still the beginning of transforming from a small-scale, highly fragmented, provincial operating model to a modern, large-scale cross-regional one. For the IT solution, there is no dominant competitor for e-Future. e-Future is Chinese domestic software provider with over 10 years of in depth understanding of manufacturers, distributors and retailers as well as customer behavior. Our front-end solutions, like CRM are more readily adaptable to the highly fragmented market for our clients. Regarding the global key accounts and top 500 retailer client base, we are more collaborate with international software companies SAP, JDA and Oracle etc as partners rather than competing with each other. For instance, SAP is very strong supply chain back-end data base management provider - which is a mature and efficient solution in the western markets. However, in China, they need to work with local front-end solutions providers such as e-Future to serve the retail environment. We have already successfully co-developed customized solutions for several key accounts with them.

      For the regional market, our competitors are typically local median-size software firms. For instance, Crownhead and its subsidiary Royalstone are leading providers in Southern China, by our recent acquisition, we can now better serve our clients both in Northern and Southern china. Overall, we are the largest supply chain software provider for the retail and FMCC markets.
      Sep 07 12:02 AM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Hi, Vincent, EFUT, as well as every other publicly traded issuer, has no protection against unsavory trading and naked shorting of its stock. They do however have recourse. Were the stock to appear on any threshold or failure to deliver lists (per the NASD), the company can investigate the improprieties through the proper channels, find the individual(s) responsible and put a stop to it. By the way, EFUT has over 1.75million float, which is over 60% of 2.63million outstanding. Thanks Sep 06 02:45 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Thank you for your comments.Actually, since August, we have already put effort on updating our website, the new website should be ready by the end of September. Sep 06 12:20 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Dear Ichsa,

      What your referring to “going on behind the scenes” is not particular just to E-future – it’s a macro event. I think you have to take a look at the global markets and the current subprime concerns in the US and its implications for international markets. Bourses are likely to remain jittery and volatile until these current concerns are alleviated.
      Sep 06 11:25 AM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Dear Robert, Despite all the press reports, U.S. imports of Chinese products have nearly tripled since 2000, according to the Commerce Department. The Sino-U.S trade gap set another monthly record for July despite new revelations about lead-painted toys, tainted pet food and toothpaste, defective tires, and other flawed goods.

      China is now making product quality a serious priority. It is introducing its first recall system as well as cracking down on operators with shoddy products.
      Many experts expect swift results. Instead of cutting corners, manufacturers can cut costs in other ways such as improved information management systems.

      Accordingly, we have recently seen increased demand for our solutions and services particularly in the automotive, general household appliance and consumer goods industries. Therefore, we remain highly confident of our 59% forecast growth rate for FY 2007. Thank you.
      Sep 06 11:23 AM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Hi Ralph, for the past twenty years, the Chinese economy has achieved a growth rate averaging nearly 10 percent per year. In overall size, China's economy today ranks as the fourth largest in the world in terms of gross domestic product. I believe there are many industries are very interested for you to take a look including Information and Communication Technologies, Financial Services, Healthcare, Energy, Telecommunication and Environment etc. For the specific company, the China section of Seeking Alpha provides you good information for investment ideas. Thank you. Sep 05 05:42 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Doug, although we continue to diversify across new industry sectors, our business has historically reflected the highly seasonal nature of the retailing industry in China. The first half of the year is typically the weakest period and the fourth quarter the strongest period. our Revenue is $2.5million, up 21% over 2006,orders increased 20% versus the prior year period. And the Gross Margin improved to 52%, compared to 47% in the first six months of 2006. Accordingly, the Gross Profit increased to $1.3 million, up 34% from the prior period.

      In addition, during the first half of 2007 year, the loss we incurred is related to expenses and amortization from our $10 million private placement in March 2007 as well as strategic acquisitions in the first half of the year.
      We don’t give out the guidance on the bottom line, but based upon our robust organic growth, developing innovative business models and selective strategic acquisitions, we are confident on our projection of at least 59% growth to $10 million of revenues for the full year 2007.
      Sep 05 04:22 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Thank you for your comments. We are aware of the importance of external communication and we have recently developed a comprehensive investor relations plan. Accordingly, this interactive Q&A session is the beginning of our increased initiatives in this important area. Sep 05 03:58 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      Again, our commitment is to increase our shareholder’s long-term value. During the first half year, revenue continued to grow strongly in each of our core businesses including software sales and service fees including SaaS income. We continue to expand our client base in the Chinese market. Currently, when accounting for our recent acquisitions, we are now serving more than 800 clients. We are confident that we will have a successful year by solidifying our core business, developing new business opportunities through our SaaS model and exploring additional strategic acquisitions.
      In these currently volatile markets, If you’re patient we believe you will benefit from the continued rapid growth of e-Future over the long run.
      Sep 05 03:43 PM
    • Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [view article]
      These are very good questions, thank you, Aaron. The acquisition of Crownhead and its subsidiary Royalstone is a significant industrial consolidation in Chinese supply chain management sector. We will acquire Crownhead and Royalstone for an aggregate of $7.69 million in cash and $2.82 million in e-Future ordinary shares contingent upon Crownhead meeting certain earnings targets during the 17 month period from August 1, 2007 to December 31, 2008.

      Crownhead and Royalstone are focused on providing software and service in Southern China and their customers are among China's Top 100 companies, such as China Resources Enterprise Ltd (one of top 4 retailers in China), Lianhua Shanghai (HK980, the largest supermarket group in China), China Petroleum-BP (the largest gas station chain in china), Belle (the largest woman shoes chain store in China) etc. They are occupying sizeable market shares in supermarkets, malls, and convenience stores. Its product line, Myshop, has been recognized for its competitive advantages in the retail industry. This acquisition strengthens our leading position geographically in Southern China and further expands our client base into supermarket sector.

      Our integration strategy is to maintain Crownhead and Royalstone’s strong growth over the next half of year and stabilize and enhance their key management team and employees. Accordingly, we will rename our subsidiary, e-Future (Beijing) Tornado Information Technology, Inc. as e- Future Royalstone Information Technology Inc. (e-Future Royalstone), and Mr. Deliang Tong, Chairman and Chief Executive Officer of Crownhead, will be appointed as e-Future Royalstone's president . From next year, we will leverage and consolidate each others R&D teams to further increase the market share both in Northern and Southern China and penetrate more global accounts.
      Sep 05 01:54 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»