BDGRshareholder
15 years ago
Form 10-Q for SHANDONG ZHOUYUAN SEED & NURSERY CO., LTD.
--------------------------------------------------------------------------------
19-Aug-2009
Quarterly Report
Item 2. Management's Discussion And Analysis Of Financial Condition And Results Of Operation:
The revenue in the second quarter of 2009 was $22,421, major generated from seed sale of $19,498, reduced from $541,636 of the same period of last year. The main reason of the revenue reduction is due to the sufficient storage of the corn seeds in the wholesale agencies. In the fourth quarter of 2008, the wholesale agencies of corn seeds already stored enough corn seeds for the sale of the past six months of 2009.
The total costs of sale were $13,891 compared with $357,982 of the same period of last year. The operation loss was ($165,088) compared with loss of ($63,015) of the same period of last year. The comprehensive loss was ($ 91,747) compared with loss of ($99,887) of the same period of last year.
The average loss per share was $0 compared with loss $0 per share of the same period of last year.
Liquidity and Capital Resources
On June 30, 2009, the company had cash and cash equivalent of $ 324,350 compared with $186,876 on June 30, 2008. The account receivable was reduced for $296,405, and the advance to suppliers increased $182,370 on
June 30 compared with those on March 31, 2009. The increase of the advance to suppliers was due to that the managers wanted to guarantee the seed suppliers for the rest of the year.
In past six months, the company paid interest of $5,110 for one manager's loan of $148,700.
Although, the Company has a working capital deficiency of $433,979 and $412,373 as of June 30, 2009 and December 31, 2008 respectively, the managers believe that it will meet its capital requirement in the rest of the year through generating income from operation and financial activities.
Deez
17 years ago
SZSN Spam Report
Check out the stock spam report for SZSN:
http://www.qwoter.com/spam.php?symbol=SZSN.OB
If you are active in the market, be careful and don't believe what you get in your email box. If someone is pumping stocks, chances are they're doing so for their own, personal gain - not yours. Always rely on known, secure sources for your information - or rely on a reliable brokerage firm.
By utilizing the same thought process of stock spammers, you will now know (with Qwoter Spam Tracking) when promoters are sending millions of e-mail messages at a time promoting their "can't miss" stock tips.
The common investor will now have an information tool in which to make a more informed investment decision, whether the investor chooses to catch the wave early or to stay away from a "too good to be true" stock scam, at least he or she will have a better map of the terrain surrounding their investment decision.
http://www.qwoter.com/why_spam.php