Detailed inquiry: Overseas Chinese net profit 14.8 million USD

Beijing time September 10 Evening News, Qiao Xing Global (nasdaq:xing) today released the first half of fiscal year 2010 as at June 30, 2010, unaudited financial report.　　The report shows that the net profit of the first half of Qiao Xing global 100.6 million yuan (about 14.8 million U.S. dollars), net loss of 184.1 million yuan in the same period last year, net revenue of RMB 465.9 million yuan (about 68.7 million U.S. dollars), net revenue for the same period last year 1.0441 billion yuan. The first half of the main results: Overseas China hing net revenue for the first half of the 465.9 million yuan (about 68.7 million U.S. dollars), net revenue for the same period last year 1.0441 billion yuan; The gross margin of the first half of Qiao Xing Global was 16.6%, the same period last year was 20.7%; the net profit for the first half of Qiao Xing Global was 100.6 million yuan (about 14.8 million USD), and the net loss was 184.1 million yuan in the same period last year.　　The earnings per share of the first half of the year were RMB 1.12 (about 0.17 U.S. dollars), with a loss of 3.62 yuan for each share in the same period.　　Financial analysis of the first half of 2010, the net revenue of Qiao Xing Worldwide was RMB 465.9 million (about 68.7 million U.S. dollars), net revenue was 1.0441 billion yuan in the same period last year. In the first half of 2010, the total revenue from the mining business was RMB 141.9 million (about 20.9 million U.S. dollars), gross profit was 66.4 million yuan (about 9.8 million USD), gross margin was 46.8%, net profit was 45.4 million yuan (about 6.7 million USD), 27.5 million yuan (about 4.1 million US dollars) was generated in the second quarter.　　The net profit from mining operations in the first half of the year was 53.3% per cent higher than in the previous quarter, largely due to seasonal factors, as most mining operations in northern China were suspended in the first quarter due to the Chinese New Year holiday in February.　　In the first half of 2010, the production of molybdenum powder in Qiao Xing Global was 1550.0 tons, equivalent to 745.7 tons of molybdenum metal. In the first half of 2010, the average cost of the molybdenum metal produced by Qiao Xing Global was 101144 yuan per ton (about 14915 USD).　　In the first half of 2010, the average cash cost of the molybdenum metal produced by Qiao Xing Global was 65276 yuan per ton (about 9626 USD).　　In the first half of 2010, the capital expenditure of overseas Chinese-hing global mining business was 33.6 million yuan (about 4.9 million U.S. dollars).　　In the first half of 2010, the net revenue of Qiao Xing Global Telecom business was RMB 324 million (about 47.8 million U.S. dollars), which was 1.0396 billion yuan in the same period last year. In the first half of 2010, the mobile phone sales of Qiao Xing Global were 621,000, 159 in the same period last year..30,000 department. In the first half of 2010, the gross profit margin of Qiao Xing Global Telecom business was 3.3%, the same period last year was 20.7%, operating loss was RMB 85.1 million (about 12.6 million USD), operating profit was 122.6 million yuan in the same period last year; Net loss is RMB 64.5 million USD (about 9.5 million USD),　　The net loss for the same period last year was 62.1 million dollars. In the first half of 2010, Qiao Xing Global sales and distribution expenditure of 60.9 million yuan (about 9 million U.S. dollars), the same period last year for RMB 52.5 million yuan, General affairs and administrative expenditure of RMB 23.5 million yuan (about 3.5 million U.S. dollars), the same period last year, 23.9 million yuan　　Research and development expenditure of 9.4 million yuan (about 1.4 million U.S. dollars), the same period last year, 13.5 million yuan.　　In the first half of 2010, Qiao Xing Global Total equity incentive spending was 11 million yuan (about 1.6 million U.S. dollars), the same period last year, 6.5 million yuan.　　In the first half of 2010, Qiao Xing Global operating loss of 85.1 million yuan (about 12.6 million U.S. dollars), the same period last year operating profit of 122.6 million yuan. In the first half of 2010, Qiao Xing Global gross profit was RMB 77.3 million yuan (about 11.4 million U.S. dollars), the same period last year was 215.8 million yuan, gross margin of 16.6%, the same period last year 20.7%; in the first half of 2010, the net profit of Qiao Xing Global was 100.6 million yuan ( About $14.8 million trillion), a net loss of 184.1 million yuan over the same period last year, with a earnings of RMB 1.12 (about 0.17 US dollars) per share, and a loss of 3.62 yuan per share for the same period last year. (Tangfeng)