Man Shing - 500 Beiträge pro Seite

eröffnet am 02.12.10 07:10:19 von
neuester Beitrag 19.07.11 09:54:51 von

ISIN: US56166J1007 | WKN: A1C4FQ | Symbol: MSAH
0,0050
$
13.10.20
Nasdaq OTC
+47,06 %
+0,0016 USD

Neuigkeiten zur Man Shing Agricultural Holdings Aktie


Beitrag schreiben

Begriffe und/oder Benutzer

 

Avatar
02.12.10 07:10:19
Hallo zusammen

Ich eröffne mal das Forum, ist sonst noch jemand Investiert in diesen Titel ?
1 Antwort
Avatar
02.12.10 07:13:53
Antwort auf Beitrag Nr.: 40.628.864 von Vancouver01 am 02.12.10 07:10:19Auszug EMI vom 01.10.2010
In weniger als 12 Monaten ist die Aktie von MAN SHING AGRICULTURAL
HOLDINGS von USD 4 auf aktuell USD 0.30 gefallen! Bei der Gesellschaft
handelt es sich um einen der führenden Produzenten, Verarbeiter und
Exporteure von frischem Gemüse, hauptsächlich Ingwer, Zwiebeln und Knoblauch.
Das hört sich nicht sonderlich spannend an, was auch der Grund für den
Kursrückgang um mehr als 90% sein könnte. Die Fundamentals sind jedenfalls
für diesen Rückgang nicht verantwortlich, im Gegenteil: Das Geschäft boomt.
So legte der Umsatz im Geschäftsjahr 2010 (per 30.6.2010) im Vergleich zum
Vorjahr um 97% auf USD 22.4 Mio. zu, der Nettogewinn sprang von USD 2.7
Mio. auf USD 5.2 Mio. Das ist nicht schlecht, denn aktuell wird MAN SHING
am Markt mit gerade USD 12 Mio. bewertet. Aber es kommt noch besser: Da
die Gesellschaft weitere 2.7 Mio. Quadratmeter Anbaufläche gepachtet hat,
erwartet MAN SHING für das laufende Geschäftsjahr 2010/2011 eine Fortsetzung
des Wachstums und gibt eine Guidance mit einem Nettogewinn von USD
8 Mio. aus, was im Vergleich zum Vorjahr – als der Gewinn noch verdoppelt
werden konnte – ein weiteres Plus von 53% bedeutet. Bezogen auf den aktuellen Börsenwert von USD 12 Mio.
wird MAN SHING somit mit einem laufenden KGV von 1.5 bewertet. Das ist für ein Unternehmen, das den
Gewinn zwischen 50% und 100% steigert, lächerlich. Es würde uns deshalb nicht verwundern, wenn die MAN
SHING-Aktie in 12 Monaten wieder da steht, wo sie vor einem Jahr war: Nämlich zwischen USD 3 und USD 4
und damit zehn Mal so hoch wie heute!
Avatar
02.12.10 11:41:47
Das wär'ne Aktie für den Schuhbeck:D

Wer versteckt sich in diesem Fall hinter dem Kürzel EMI? Die Plattenfirma wird's ja wohl nicht sein.

Die Adresse von Man Shing http://www.msaginger.com/diy.asp?id=7

Dort findet sich nur der Geschäftsbericht für 2010 (Geschäftsjahr endet am 30.6). Somit gibt es nur Zahlen für 2010 und 2009. Wenn du eine längere Ergebnishistorie hast, wär ich dir dankbar.
Demnach ist das Nettoergebnis tatsächlich um knapp 100% gestiegen, von 2,7 auf ca. 5,2Mio$, dabei vergass EMI aber zu erwähnen, dass gleichzeitig die Anzahl der Aktien von 20Mio auf 28Mio gestiegen ist. Deswegen bleibt beim Ergebnis je Aktie auch nur ein Anstieg von 0,14$ auf 0,18$ was immer noch knapp 30% sind. Ich denke aber, dass genau in der Ausgabe der neuen Aktien der Grund für die schwache Performance zu finden ist.

Da der Kurs derzeit mit einem KGV von 3,7 berechnet wird, wenn man die Zahlen des letzten Gechäftsjahres zugrunde legt, könnte die Aktie tatsächlich günstig sein. Allerdings nur dann, wenn man nicht nochmal die Anzahl der Aktien so stark erhöht.
3 Antworten
Avatar
02.12.10 19:31:06
Antwort auf Beitrag Nr.: 40.630.521 von sdaktien am 02.12.10 11:41:47EMI steht für "EMERGING Markets Investor" Börsenbrief.
Avatar
04.12.10 12:44:19
Antwort auf Beitrag Nr.: 40.630.521 von sdaktien am 02.12.10 11:41:47Wie bist Du auf diese Aktie gekommen, hast Du nocht mehr Infos darüber ?
1 Antwort
Avatar
11.12.10 17:33:46
Antwort auf Beitrag Nr.: 40.646.176 von Vancouver01 am 04.12.10 12:44:19Press Release Source: Man Shing Agricultural Holdings, Inc. On Wednesday December 8, 2010, 9:00 am EST

HONG KONG, Dec. 8, 2010 (GLOBE NEWSWIRE) -- Man Shing Agricultural Holdings, Inc. (OTCBB:MSAH - News) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that the company was awarded a top honor at an event co-sponsored by China New Village Online (www.zgxncw.cn), China New Village Management Council and Shandong Province New Village Development Selection Committee for its leadership in farming development in the Shandong Province and the Company contribution to local Anqiu community by creating jobs opportunities.

Jingzhu Liu, Finance Manager

Man Shing, Agricultural Holdings

"It is a great honor to be recognized as one of the farming leaders in the Shandong Province," stated Mr. Shili Liu, Chairman and President of Man Shing. "On behalf of management and the Company, I would like to thank the organizers for the award. Going forward we will continue to enact our business plan and establish ourselves as a leading exporter of ginger, while continuing to fulfill our social responsibility of job creation for the local farming community," concluded Mr. Shili Liu.
Avatar
11.12.10 20:00:43
Wenn ich das noch richtig weiß, sind die Infos von deren Seite, aus dem Geschäftsbericht. Leider gibt es wohl keinerlei Zahlen von vor 2009. Deswegen weiss ich auch nicht, wie belastbar das Geschäft wirklich ist. Bei chinesischen Aktien bin ich auch grundsätzlich vorsichtig. Ich traue den Chinesen nur selten über den Weg.

Gelistet wird die Aktie am Nasdaq-OTC, das bedeutet auch, dass die Zugangsvoraussetzungen äußerst mickrig sind. In Deutschland wird das Papier in Berlin und Stuttgart notiert. Der Handel scheint aber sehr dünn zu sein. Es ist also eine Überlegung, ob man Aktien die man kauft auch wieder los wird.

Ich denke, auch hier sollte man als Anleger äußerst vorsichtig agieren.
1 Antwort
Avatar
18.12.10 10:26:39
Antwort auf Beitrag Nr.: 40.695.082 von sdaktien am 11.12.10 20:00:43ich komme momentan nicht mehr auf die Hompage von Man Shing !
Avatar
23.12.10 12:34:50
bin auch eingestiegen . scheint mir als depotdiversifizierung eine
interessante alternative zu sein .
3 Antworten
Avatar
28.12.10 17:47:36
Antwort auf Beitrag Nr.: 40.755.842 von tomraim am 23.12.10 12:34:50wisst Ihr ob Man Shing eine Neue Homepage Adresse hat ?
2 Antworten
Avatar
02.01.11 11:27:33
Antwort auf Beitrag Nr.: 40.769.453 von Vancouver01 am 28.12.10 17:47:36Hallo zusammen

Allen ein gutes Neues Jahr !

"tomraim" wie bist Du auf diesen Titel aufmerksam gewoerden ?

Die Aussichten sind meines erachtens gut, was mir aber sehr missfällt ist das sehr kleine Handels Volumen und das daraus resultierende auf und ab !

Was meint Ihr dazu ?
1 Antwort
Avatar
04.01.11 18:29:30
Antwort auf Beitrag Nr.: 40.786.028 von Vancouver01 am 02.01.11 11:27:33HONG KONG, Jan. 4, 2011 (GLOBE NEWSWIRE) -- Man Shing Agricultural Holdings, Inc. (OTCBB:MSAH - News) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that Mr. Shili Liu, Chairman, was featured on China Central Television Channel 7 ("CCTV 7")'s Science Garden show. In demonstrating good ginger storage and pest-control practices, Mr. Liu showcased Man Shing's standardized ginger harvesting methods, well-ventilated modern storage chambers, and innovative physical and biological pest-control technology and techniques.



"It is a great honor to be featured on the CCTV 7 Science Garden show," stated Mr. Shili Liu, Chairman and President of Man Shing. "Since our company's inception we have been committed to growing our ginger in the most environmentally friendly manner utilizing the most advanced technology. We hope other ginger farmers can learn from our success and the entire industry can prosper in the coming years," concluded Mr. Shili Liu.



Mr. Shili Liu first appears at approximately 5:45 of the video broadcast on December 28, 2010. Please click on the following link to view the video, http://www.zhifujing.org/kejiyuan/201012/9880.html.
Avatar
08.01.11 16:51:49
habe einige stücke um 0,26 ergattert .riskant, aber(nach abklingen der internen tubulenzen ) alles möglich .
wenig information erhältlich .0,5 - 0,6 für mich mittelfristig möglich.bin zufällig bei der suche nach einer chinesischen agriaktie
auf diese gekommen und war von den daten sehr angetan .
unter 0,3 sehr verlockend (nur meine meinung ).
2 Antworten
Avatar
10.01.11 15:29:25
Antwort auf Beitrag Nr.: 40.825.922 von tomraim am 08.01.11 16:51:49HONG KONG, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Man Shing Agricultural Holdings, Inc. (OTCBB:MSAH - News) ("Man Shing" the "Company," "we," "us," or "our"), one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, located in the Shandong Province of China, today announced that the Company has appointed Mr. Xuguang Qiao and Mr. Kun Xu to the Board of Directors. Both board members bring to Man Shing extensive experience within the agricultural industry further enhancing the Company as a leading ginger exporter.

"We are pleased to welcome two strong new additions to our Board of Directors," stated Mr. Shili Liu, Chairman and President of Man Shing. "Mr. Qiao's and Mr. Xu's agricultural industry perspectives and extensive network of industry representatives will be valuable assets to Man Shing as we continue to execute on our business strategy of being a leader in producing the highest quality fresh ginger. Additionally, both Mr. Qiao and Mr. Xu have done extensive research mainly focused on the genetic makeup of ginger and garlic, as well as the safety and quality control of vegetables. We look forward to having a successful working relationship with our new board representatives," concluded Mr. Shili Liu.

Mr. Xuguang Qiao currently holds the position of Vice President of College Food Science & Project Engineering and is a professor and doctoral supervisor at the Shandong Agricultural University. Additionally, Mr. Qiao is a council member of the Chinese Institute of Food Science and Technology, executive member of the Council of Fruit and Vegetable Processing of CIFST, and Vice President of the Institute of Food Science and Technology of the Shandong Province. Mr. Qiao has extensive research experience and has worked on projects titled, "The Control Technology of Enzyme Generated from Functional Flavor Formation in Garlic" and "The Mechanism and Control of Turning Green of Garlic." Previous projects included "The Enzymatic Properties and Immobilizing Research of Ginger Protease" and "The Mechanism and Application Research of Tenderization and Wine Clarification of Ginger Protease."

Mr. Kun Xu is currently the professor and doctoral supervisor at the College of Horticulture Science and Engineering at the Shangdong Agricultural University. Additionally, Mr. Xu is the Vice President of leek, ginger and garlic at the Chinese Society for Horticultural Science, Secretary General of ginger industrial technology innovation and strategic alliance in Shangdong, Vice President of Chinese Peasants' and Workers' Democratic Party in Taian, and standing member of the Taian Committee and the Chinese People's Political Consultative Conference. Mr. Xu has been engaged in the cultivation, breeding and research of vegetable safety and quality control for 12 years. Mr. Xu has also worked on several research projects including the national tenth five-year Major Science & Technology project for food safety titled "The Support System Research of the Key Technology for Vegetable Safety in Production" and the national 948 key project titled "The Research of New Variety of Ginger and Key Technology of Safety in Production."
1 Antwort
Avatar
19.01.11 16:21:13
Antwort auf Beitrag Nr.: 40.832.920 von Vancouver01 am 10.01.11 15:29:25Press Release Source: Man Shing Agricultural Holdings, Inc. On Wednesday January 19, 2011, 9:00 am EST

HONG KONG, Jan. 19, 2011 (GLOBE NEWSWIRE) -- Man Shing Agricultural Holdings, Inc. (OTCBB:MSAH - News) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that it signed an agreement with Mr. Nagada Koumonn, a farmland owner in the town of Yinayityou within the Simane County of Japan, which will expand Man Shing's ginger production. The agreement was executed on December 17, 2010 and runs for a term of one year from February 1, 2011 to January 31, 2012.

According to the agreement, Man Shing will lease a ginger farm which sits on 70,186 square meters of land in Japan. Man Shing will be responsible for the production and management of the ginger farm, including distribution of the ginger, and Mr. Nagada Koumonn will be responsible for planting the ginger and providing the labor force.

"We are looking forward to working with Mr. Nagada Koumonn and producing fresh ginger in Japan," stated Mr. Shili Liu, Chairman and Chief Executive Officer of Man Shing. "We believe that this agreement will help to further our growth and assist us in creating an international farming presence. Japan's Simane County, where the farm is located, is a mild ocean climate with temperatures that are ideal for planting ginger. We believe that our presence in Japan will present us with several important advantages, including a higher price point for our ginger. Additionally, due to the high quality and safety standards enforced in Japan, we anticipate increased customer confidence," concluded Mr. Shili Liu.
Avatar
19.01.11 17:46:00
Die Seite geht wieder

http://www.msaginger.com/

Möglicherweise waren die Knollen ja zu regimekritisch.

Die Umsätze sind immer noch dünn (bzw. nicht vorhanden)

So ein bisschen Handel ist wohl am Nasdaq-OTC, weswegen ich mal diesen Chart genommen hab. Demzufolge bewegt sich die Aktie gerade zwischen der 38er bei ca. 0,4$ und der 100er bei ca. 0,54$. Das ist aber noch kein Trend, weil beide Durchschnitte erst einmal berührt wurden. Da der Stochastik überkauft ist und vielleicht demnächst dreht, und die Aktie die 38er erst vor einigen Tagen berührt hat, halte ich einen Rückgang bis auf erst einmal 0,4$ für möglich.
4 Antworten
Avatar
11.02.11 13:57:51
Antwort auf Beitrag Nr.: 40.890.243 von sdaktien am 19.01.11 17:46:0010-Feb-2011 Quarterly Report
Our operations are conducted through our wholly owned subsidiary, Xinsheng Food Co., Ltd. ("Xinsheng"), a company incorporated under the laws of the People's Republic of China ("China" or the "PRC"). Xinsheng is principally engaged in the production and processing of fresh vegetables: mainly ginger, but also others such as onion and garlic. Xinsheng leases 5.3 million square meters of farm land in Anqiu within the Shandong Province in China for the planting and growing of high quality ginger. Our customers are primarily based in Japan and several countries within Europe. We produce high quality ginger according to the strict food safety standards within those countries. We are also currently certified by the British Retail Consortium Global Food Standard. We maintain a monitoring and supervision program that we believe results in our products being in compliance with food safety standards from the countries into which we sell them.
Our Products Fresh Vegetables / Ginger / Frozen Vegetables / Peeled Ginger Diced Garlic / Diced Ginger Garlic Puree
Ginger Puree Cubes Garlic Puree Cubes / Ginger Puree Diced Onion / Strawberry Peeled Garlic
For the six months ended December 31, 2010 the Company produced 11 ginger and fresh vegetable products. Ginger was the biggest revenue generator and accounted for approximately 81% of our sales during the six month period ended December 31, 2010.
Our customers
After years of building our reputation, we have earned the trust of our customers. Our customers include suppliers to one of the world's largest supermarket chains in Europe and a major ingredient producer in Japan. Our major customers are located in Japan and within Europe, including the United Kingdom and the Netherlands.
The following table depicts our top five customers and their percentage of current sales for the six months ended December 31, 2010.
Top 5 Customers for the Six Months ended December 31, 2010
(Total sales revenue for the six months ended December 31, 2010: US$15,474,502)

Customer Revenues %
1. Customer A US$ 2,257,766 14.6 %
2. Customer B US$ 1,577,811 10.2 %
3. Customer C US$ 1,192,495 7.7 %
4. Customer D US$ 1,064,603 6.9 %
5. Customer E US$ 994,631 6.4 %
Total: US$ 7,087,306 45.8 %

The following table sets forth our sales distribution by location of delivery: Market % of revenue contribution
Japan 39 %
UK 34 %
Netherlands 18 %
Others 9 %
Total 100 %

Competitive Advantages
Our primary competitive advantage is that we lease over 5.3 million square meters of farm land in Anqiu Weifang, a major farming region in Shangdong, China, the lease for which does not expire until 2023, and which provides stable farm land for planting. Other competitive advantages include:
We are able to meet strict export requirements that smaller local producers are unable to meet and our customers are willing to pay a high premium for our products;
China has relatively low labor costs as compared to other developing countries; and
Local governments have tightened the export license renewal procedures and have toughened inspection, as a result of which certain exporters have terminated operations. As such, we believe that we will grow at a faster rate.
Our social responsibility
Viewing ourselves as an agent for social change and economic development, we are aware of the importance of sustainable village development. We hire and train local workforce hoping to help raise the overall level of community prosperity.
RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED DECEMBER 31, 2010 AND 2009

For the three months ended
December 31,
2010 2009
Sales: $ 8,147,275 $ 5,168,941
Cost of Goods Sold: $ 4,816,635 $ 3,425,589
Operating Expenses: $ 1,021,825 $ 573,271
Other (Loss): $ (57,892 ) $ (8,062 )
Income from Operations: $ 2,250,923 $ 1,162,019
Income Taxes: $ 0 $ 0
Net Income: $ 2,250,923 $ 1,162,019
Other Comp.Income (Loss): $ 195,327 $ (43,319 )
Total Comp. Income: $ 2,446,249 $ 1,118,700

Revenues
We had net revenues of $8,147,275 and $5,168,941 for the three months ended December 31, 2010 and 2009, respectively. The sales revenues were due primarily to the sales of our frozen and fresh ginger and other agricultural products. The 58% increase in revenues was due to the expansion of our business through our marketing strategy and our customer loyalty, and increase in market price of ginger to approximately $1,350 per ton as compared to $1,000 per ton for the same period in last year.
We recognize revenue when persuasive evidence of a sale exists, transfer of title has occurred, the selling price is fixed or determinable and collectability is reasonably assured. Sales revenue represents the invoiced value of goods, net of a value-added tax ("VAT"). All of our products that are sold in the PRC are subject to a Chinese value-added tax at a rate of 17% of the gross sales price or at a rate approved by the Chinese local government. This VAT may be offset by the VAT paid by us on raw materials and other materials included in the cost of producing their finished product.
Our sales arrangements are not subject to warranty. We did not record any product returns for each of the three months ended December 31, 2010 and 2009.

Cost of Sales
Cost of sales primarily includes cost to plant, harvest and storing of ginger and other agricultural products such as ginger seeds and fertilizers. During the three months ended December 31, 2010, cost of sales were $4,816,635, or approximately 59% of revenues, versus $3,425,589, or approximately 66% of revenues for the three months ended December 31, 2009. The cost of sales as a percentage of revenues decreased mainly due to the increase in the market price of ginger to approximately $1,350 per ton as compared to $1,000 per ton for the same period in last year and high utilization ginger raw material due to good storage facilities which stored ginger raw material in good condition.

Gross profit
Gross profit margin improved by 7% from 34% for the three months ended December 31, 2009 to 41% for the three months ended December 31, 2010.
We had gross profit of $3,330,640 for the three months ended December 31, 2010, which increased by $1,587,288 or 91% when compared to the gross profit of $1,743,352 for three months ended December 31, 2009.
The increase in gross profit margin for our ginger and agricultural products during the period was due primarily to the increase in our selling prices and more effective use of raw materials. Per unit overhead was much lower on higher output volume.

Expenses
Operating expenses for the three months ended December 31, 2010 and 2009 were $1,021,825 and $573,271, respectively. The increase in operating expenses was due primarily to the increase in the selling and marketing expenses by $332,462 and the increase in general and administrative expenses by $116,092.
Selling and marketing expenses were 9% of revenues for the three months ended December 31, 2010 and 7% of revenues for the three months ended December 31, 2009. The increase in the selling and marketing expenses was due primarily to the increase in distribution cost and increase of sales and marketing activities in both existing and new markets.
General and administrative expenses remained stable at 4% of revenues for the three months ended December 31, 2010 and 4% of revenues for the three months ended December 31, 2009. The increase in the general and administrative expenses was mainly due to the increase in office rental expenses.

Income
We had net income of $2,250,923 and $1,162,019 for the three months ended December 31, 2010 and 2009, respectively. Net income margin improved by 6% from 22% for the three months ended December 31, 2009 to 28% for the three months ended December 31, 2010. The net income in these periods was due primarily to sales of our fresh and frozen ginger and other agricultural products. Our net income is a function of revenues, cost of sales and other expenses as described above. The increase in net income is attributable to the expansion of our business through our marketing strategy and our customer loyalty, and increase in market price of ginger.

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED DECEMBER 31, 2010 AND 2009

For the six months ended
December 31,
2010 2009
Sales: $ 15,474,502 $ 9,790,467
Cost of Goods Sold: $ 8,974,943 $ 6,755,171
Operating Expenses: $ 1,953,982 $ 703,293
Other Loss: $ (86,757 ) $ (12,104 )
Income from Operations: $ 4,458,819 $ 2,319,899
Income Taxes: $ 0 $ 0
Net Income: $ 4,458,819 $ 2,319,899
Other Comp.Income (Loss): $ 445,164 $ (41,360 )
Total Comp.Income: $ 4,903,983 $ 2,278,539


Revenues
We had net revenues of $15,474,502 and $9,790,467 for the six months ended December 31, 2010 and 2009, respectively. The sales revenues were due primarily to the sales of our frozen and fresh ginger and other agricultural products. The increase in revenue is attributable to the expansion of our business through our marketing strategy and our customer loyalty, and increase in market price of ginger to approximately $1,290 per ton as compared to $960 per ton for the same period in last year. We did not record any product returns for each of the six months ended December 31, 2010 and 2009.

Cost of Sales
During the six months ended December 31, 2010, we had cost of sales of $8,974,943, or approximately 58% of revenues, versus cost of sales of $6,755,171, or approximately 69% of revenues for the six months ended December 31, 2009. The cost of sales as a percentage of revenues decreased due to the large increase in the market price to approximately $1,290 per ton as compared to $960 per ton for the same period in last year and high utilization ginger raw material due to good storage facilities which stored ginger raw material in good condition.

Gross profit
We had gross profit of $6,499,558 for the six months ended December 31, 2010, which increased by $3,464,262 or 114% when compared to the gross profit of $3,035,296 for six months ended December 31, 2009. Gross profit margin improved by 11% from 31% for the six months ended December 31, 2009 to 42% for the six months ended December 31, 2010.
The increase in gross profit margin for our ginger and agricultural products during the period under review was due primarily to the increase in our selling prices and our control of material costs and overheads, resulting from better utilization of our plantation and processing facilities due to economies of scale from larger output volume.

Expenses
Operating expenses for the six months ended December 31, 2010 and 2009 were $1,953,982 and $703,293, respectively. The increase in operating expenses was due to the increase in the selling and marketing expenses by $1,035,098 and the increase in general and administrative expenses by $215,591.
Selling and marketing expenses were 10% of revenues for the six months ended December 31, 2010 and 5% of revenues for the six months ended December 31, 2009. The increase in the selling and marketing expenses was due primarily to the increase in distribution cost and increase of sales and marketing activities in both existing and new markets.
General and administrative expenses remained stable at 3% of revenues for the three months ended December 31, 2010 and 2% of revenues for the three months ended December 31, 2009. The increase in the general and administrative expenses was mainly due to the increase in professional and office rental expenses.

Income
We had net income of $4,458,819 and $2,319,899 for the six months ended December 31, 2010 and 2009, respectively. Net income margin improved by 5% from 24% for the three months ended December 31, 2009 to 29% for the three months ended December 31, 2010. The net income in these periods was due primarily to sales of our fresh and frozen ginger and other agricultural products. Our net income is a function of revenues, cost of sales and other expenses as described above. The increase in net income is attributable to the expansion of our business through our marketing strategy and our customer loyalty, and increase in market price of ginger.

Impact of Inflation
We believe that inflation has had a negligible effect on operations. We believe that we can offset inflationary increases in the cost of operations by increasing sales and improving operating efficiencies.
Liquidity and Capital Resources
As of December 31, 2010 and 2009, cash and cash equivalents totaled $3,623,246 and $57,912, respectively.
The working capital for the six months ended December 31, 2010 and 2009 amounted to $14,717,625 and $5,223,468, respectively. Cash flows provided by and used in operating activities were $2,227,406 and $38,875 for the six months ended December 31, 2010 and 2009, respectively. Positive cash flows from operations for the six months ended December 31, 2010 were due primarily to the increase in net income of $2,138,920, increase in accounts payable by $1,899,295 and decrease in prepayment and deferred inventory costs of $5,124,322 which was in connection with prepaid rent, supplies and other items used in the growing and packaging of ginger, partially offset by an increase in inventory by $8,490,828.
Cash flows used in investing activities were $472,957 and $213,345 for the six months ended December 31, 2010 and 2009, respectively. Net cash used in investing activities for the six months ended December 31, 2010 was due primarily to the purchase of equipment.
Cash flows provided by financing activities were $1,500,129 and $222,397 for the six months ended December 31, 2010 and 2009, respectively. Positive cash flows from financing for the six months ended December 31, 2010 were due to proceeds from investor of $1,500,129.
Demand for the products and services will be dependent on, among other things, market acceptance of our products, fresh vegetables market in general, and general economic conditions, which are cyclical in nature. Inasmuch as a major portion of our activities is the receipt of revenues from the sales of our products, our business operations may be adversely affected by our competitors and prolonged recession periods.
Overall, we have funded all of our cash needs and no significant amount of our trade payables has been unpaid within the stated trade term. As of December 31, 2010, we are not subject to any unsatisfied judgments, liens, or settlement obligations.
Our success will be dependent upon implementing our plan of operations and the risks associated with our business plans. We engaged in the production and processing of fresh vegetables, including mainly ginger and others such as onion and garlic. We strive to provide high quality products to our customers. We plan to strengthen our position in the existing and new markets. We also plan to expand our operations through aggressively marketing our products and our concept.
The Company has signed an agreement with a farmland owner in Japan. The agreement was executed on December 17, 2010 and runs for a term of one year from February 1, 2011 to January 31, 2012. The Company will lease a farmland which sits on 70,186 square meters of land in Japan with annual rental of approximately $128,000. The Company expects to pay the annual rental from its working capital.
Off-Balance Sheet Arrangements
As of December 31, 2010, we have no off-balance sheet arrangements.
ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not applicable to smaller reporting companies.
ITEM 4 CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
Under the supervision and with the participation of our management, including our principal executive officer (who is also our Chief Executive Officer) and principal financial officer (who is also our Chief Financial Officer), we conducted an evaluation of the effectiveness, as of December 31, 2010, of the design and operation of our disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Based on this evaluation, our principal executive officer and principal financial officer have concluded that, as of such date, our disclosure controls and procedures are effective.
Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.
3 Antworten
Avatar
11.02.11 14:06:36
Antwort auf Beitrag Nr.: 41.024.439 von Vancouver01 am 11.02.11 13:57:51So ich das sehe, hat sich der Umsatz und Gewinn im Vergleich zu 2009 verdoppelt.
Jetzt müsste eigentlich Leben in die Bude kommen und der Kurs anspringen, was meint Ihr dazu ?
2 Antworten
Avatar
11.02.11 17:43:52
Antwort auf Beitrag Nr.: 41.024.520 von Vancouver01 am 11.02.11 14:06:36Nach meiner Berechnung ergäbe das ein KGV von 2.5
1 Antwort
Avatar
06.04.11 18:01:58
Antwort auf Beitrag Nr.: 41.026.509 von Vancouver01 am 11.02.11 17:43:52Man Shing Increases Production Capacity 45% by Leasing an Additional 2.4 Million Square Meters of Farmland


[Hits:3 Published Date:2011-4-6]
Planting on new and existing land to begin in April 2011

HONG KONG, April 5, 2011 -- Man Shing Agricultural Holdings, Inc. (OTC BB: MSAH) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, has leased an additional 2.4 million square meters, or 3,620 Mu of farmland, increasing total farmland by approximately 45% to 7.7 million square meters.

The newly leased farmland is located in close proximity to the 5.3 million square meters of land currently leased by the Company in Anqiu, Shandong Province. This lease furthers the Company’s growth strategy. The annual cost for the new lease of 2.4 million square meters of farmland is approximately $530,000. Planting on the new 2.4 million square meters and existing 5.3 million square meters of farmland will begin in April 2011, followed by harvesting in October 2011.

Mr. Shili Liu, Chairman and CEO of Man Shing, stated, “Today’s announcement marks a significant milestone in the history of Man Shing as we have increased total farmland by 45% to 7.7 million square meters of farmland. This production increase bodes very well for our future financial performance, if demand continues to grow for our product and the favorable pricing trend for fresh, high quality ginger continues, as we believe that they will. The significance of finalizing the lease for land in close proximity to existing operations also enables us to ensure that the planting, harvesting, and implementation of quality standards can be done without additional costs beyond the general farming expenses stated.”

Mr. Shili Liu, continued, “We have also worked closely with the PRC government and the farmland workers of Anqiu. Due to our reputation as one of the market leaders in the production of fresh ginger, Man Shing has gained the trust and respect from both parties allowing us the opportunity to lease more land. Demand for our products remains at an all time high. Due to the timing of this agreement, we can now prepare to plant on the new and existing land as originally scheduled in mid April of this year.”

After management evaluates the financial impact of the new farmland and fiscal 2011 results are reported, financial guidance for the fiscal year ending June 30, 2012 will be given.
Avatar
19.07.11 09:54:51
HONG KONG--(Marketwire - 07/07/11) - Man Shing Agricultural Holdings, Inc. (OTC.BB:MSAH - News) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of high quality, fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that it has engaged Moore Stephens, Hong Kong ("Moore Stephens") as the Company's independent registered accounting firm. The decision to change accountants was approved by Man Shing's board of directors.

Moore Stephens will review the financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011. There were no disagreements between Man Shing and its former independent accountant from October 29, 2010, the date such accountant was engaged, through June 30, 2011, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Mr. Shili Liu, Chairman and Chief Executive Officer of Man Shing, stated, "The Company is pleased to announce the appointment of Moore Stephens, one of the largest accounting firms with extensive experience in working with China-based U.S. publicly listed companies, as the Company's new accounting firm."


Beitrag zu dieser Diskussion schreiben


Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie
hier
eine neue Diskussion.