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    Forlink Software! Quartel 3 Zahlen! - 500 Beiträge pro Seite

    eröffnet am 15.11.04 23:24:52 von
    neuester Beitrag 15.11.04 23:27:26 von
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      Avatar
      schrieb am 15.11.04 23:24:52
      Beitrag Nr. 1 ()
      könnt Ihr hier nachlesen. ...
      http://biz.yahoo.com/e/041115/frlk.ob10qsb.html

      76.773.207 outstanding shares
      aktueller Kurs 0,10$
      Cash position $1,962,141
      net income of $328,237, or basic and diluted earnings of $0.004 per share, for the quarter ended September 30, 2004.


      NET SALES.

      Our net sales in the third quarter increased 16% to $1,387,110 from $1,199,507 in the third quarter of 2003. The increase is mainly attributable to our increased software sales. In the nine-month period ended September 30, 2004, our net sale was $7,501,297, a 3% decrease as compared to the comparable period of 2003. The decrease is mainly due to decreased hardware passthrough, which is consistent with our strategy of reducing low profit margin hardware projects.

      COST OF SALES.

      Our cost of sales in the third quarter was $441,142, an increase of 806% from $48,717 in the third quarter of 2003. The increase is mainly due to the fact that during the third quarter of 2003, no hardware costs in connection with system development and integration contract were recognized. Accordingly, the cost of sales in that quarter decreased significantly, which in turn, made the cost of sales in the third quarter of 2004 appear large in comparison. In the nine-month periods ended September 30, 2004, our cost of sales was $4,866,357, an 8% decrease as compared to the comparable periods of 2003. The decrease was mainly attributable to decreased hardware pass through.

      GROSS PROFIT.

      Our gross profits were $945,968 and $2,634,940, respectively, in the three-and nine-month periods ended September 30, 2004, representing a decrease of 18% and an increase of 7% against the comparable periods in 2003. Gross profit margins were 68% and 35%, respectively, in the three- and nine-month periods ended September 30, 2004, as compared to 96% and 32% in the comparable periods in 2003 and 39% in the second quarter of 2004. The sequential increase of our gross margin is mainly attributable to increased software sales, which carry a higher profit margin.

      OPERATING EXPENSES.

      Total operating expenses increased 21% and 50%, respectively, to $703,504 and $2,481,051 in the three-and nine-month periods ended September 30, 2004, from $580,653 and $1,648,865, respectively, in the comparable periods in 2003. These increases resulted largely from increases in selling expenses and research and development expenses.

      Selling expenses increased 36% and 105%, respectively, to $99,961 and $430,927 in the three- and nine-month periods ended September 30, 2004, against the comparable periods in 2003. This increase was primarily due to our increased advertising expenses and sales efforts to market our fast growing ASP (Application Service Provider) services "For-online", IT outsourcing services, as well as our EAI (Enterprise Application Integration) services.

      Research and development expenses increased 44% and 34%, respectively, to $286,493 and $805,988, in the three- and nine-month periods ended September 30, 2004, against the comparable periods in 2003 due to our continued focus on developing new products and solutions to increase our competitive advantages.

      General and administrative expenses increased 3% and 49%, respectively, to $317,050 and $1,244,136 in the three- and nine-month periods ended September 30, 2004, against the comparable periods in 2003. The increase was primarily due to expenses associated with ASP services.

      OPERATING PROFIT (LOSS).

      Our operating profits were $242,464 and $153,889, respectively, in the three- and nine-month periods ended September 30, 2004, representing decreases of 57% and 81% against the comparable periods in 2003. The decreases were largely resulted from increased operating expenses, as discussed above.

      OTHER INCOME.

      Our other income were $72,871 and $82,638, respectively, in the three- and nine-month periods ended September 30, 2004, representing increases of 4022% and 426% against the comparable periods in 2003. Our other income comes from a value added tax refund associated with software sales. Software sales in China are subject to a 17% value added tax, however, companies that develop their own software and have the software registered are generally entitled to a value added tax refund. If the net amount of the value added tax payable exceeds 3% of software sales, the excess portion of the value added tax is refundable upon our application to tax authority. This policy is effective until 2010.

      NET INCOME (LOSS).

      We recorded a net income of $328,237, or basic and diluted earnings of $0.004 per share, for the quarter ended September 30, 2004.

      LIQUIDITY AND CAPITAL RESOURCES

      Our capital requirements are primarily working capital requirements related to costs of hardware for network solution projects and costs associated with the expansion of our business. In order to minimize our working capital requirements, we generally obtain from our hardware vendors payment terms that are timed to permit us to receive payment from our customers for the hardware before our payments to hardware vendors are due. However, we sometimes obtain less favorable payment terms from our customers, thereby increasing our working capital requirements. We have historically financed our working capital and other financing requirements through careful management of our billing cycle and, to a limited extent, bank loans.

      Our accounts receivable balance at September 30, 2004 was $469,964.

      At the end of the third quarter of 2004, our days sales outstanding were 17 days, as compared to 24 days at the end of the second quarter of 2004. This decrease was attributable to our strategy to reduce hardware pass through.

      We ended this quarter with a cash position of $1,962,141. We had negative operating cash flow of $943,205, primarily attributable to our paying down of accounts payable
      Avatar
      schrieb am 15.11.04 23:27:26
      Beitrag Nr. 2 ()
      Nr. 8 in China bzw. Platz 77 in Asien (255% Wachstum), CMMI Level 2, Service For-Online, Software Portal www.softhouse.com.cn (update), Gmgame (Games 30%)und For-Online ASP Service für Shanghai Steel Exchange.

      http://www.forlink.com/news/20040109-01.html
      http://www.forlink.com/news/20040119-01.html
      http://www.forlink.com/news/20040520-01.html
      http://www.forlink.com/news/20040902-01.html
      http://biz.yahoo.com/bw/040928/275092_1.html
      http://biz.yahoo.com/bw/041011/115869_1.html


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