The Company is engaged in the business of providing information technology network and infrastructure consulting services to government and corporations that are involved with creating electronic governments, also known as e-governments.
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Spending on e-government will certainly increase. This company is working to be a leader in this area. Getting most of the prvinvial projets. This can be very very big. Plus, with the floorless CD feature gone. This stock is going up up up.
* Read expert the following from Ian Wyatt on China Export Technology. Sounds like this a HUGS winner for
the long haul:
Amajor objective of the Chinese government is to improve its technology infrastructure nationwide to a level
comparable with worldwide standards. The growth of e-government services is expected to be significant
as the country digitalizes and develops further into a major world economic power.
By 2008, the e-government market in China is estimated to reach $9.5 billion, according to Beijing-based
IT research firm Analysis International. To date, more than 90 government portals have been set up by China's central government. A major focus of improvement is at the regional and municipal government
levels in which over 10,000 government websites have been established during the past three years.
China Expert Technology (OTC BB: CXTI) is an emerging Chinese growth play in the IT network and
infrastructure markets in China and Hong Kong. The company specializes in the design and installation of
large-scale information technology network projects known as e-government solutions for municipalities
and city governments in China. China Expert is the only private enterprise with the authority to provide technological achievement appraisal services for IT companies in China.
At present, the company is working on five major municipal e-government projects with a combined contract value of about $123 million. In 2006, China Expert Technology won 14 new e-government
contracts with a total face value of $251.7 million, which represents an impressive 7.1X its sales in 2005. The company has won in excess of $360 million in e-government projects in Fujian province. The
potential in this region has plenty of upside as the company has contracts in only 12 of a possible 82 counties and cities in Fujian. The company's total backlog is at around $141.5 million based on 14 outstanding contracts as of December 4, 2006.
For the fiscal year ended December 31, 2005, CXTI recorded revenues of $35.6 million, up 32.6% from $26.8 million in 2004. Net income increased to $4.8 million, up 34.6% from $6.5 million the
year before.
Revenues for the third quarter of 2006 increased 115% to $19.5 million, from $9.0 million a year earlier. Net income increased 147% to $6.1 million, or $0.15 per diluted share, from $2.5 million, or $0.10 per diluted share, for the comparative quarter in 2005. The company finished the quarter with $22.5 million in
cash, compared with $7.3 million at the end of 2005. Total longterm debt at the end of the quarter was zero. Gross margins strengthened to 52% in the third quarter, a vast improvement from 45.3% in the year-ago quarter.
Revenues for the nine months ended September 30 of $48.6 million are up 86.8% year-over-year versus the comparative period in 2005. Moreover, the results to date in 2006 have already surpassed the
combined results for 2005. Net income for the period was $8.1 million, up a marginal 1.5% from $7.9 million for the same period a year ago. On a per-share basis, the $0.23 per diluted share earned in the
period was below the $0.33 per diluted share in 2005 due to a higher share count. China Expert is estimated to earn $0.36 per diluted share on revenues of $63 million in 2006, according to
a single estimate gathered by Thomson Financial Network. For 2007, the company is estimated to
increase its earnings by 52.8% to $0.55 per diluted share. The earnings estimate gives the stock an attractive 11X its estimated 2007 EPS.
Given the growth potential and the goal by all government levels in China, we see excellent growth opportunities for China Expert Technology. China Expert Technology remains largely unknown on
Wall Street, providing early investors the opportunity for sizeable returns.
* Read expert the following from Ian Wyatt on China Export Technology. Sounds like this a HUGS winner for
the long haul:
Amajor objective of the Chinese government is to improve its technology infrastructure nationwide to a level
comparable with worldwide standards. The growth of e-government services is expected to be significant
as the country digitalizes and develops further into a major world economic power.
By 2008, the e-government market in China is estimated to reach $9.5 billion, according to Beijing-based
IT research firm Analysis International. To date, more than 90 government portals have been set up by China's central government. A major focus of improvement is at the regional and municipal government
levels in which over 10,000 government websites have been established during the past three years.
China Expert Technology (OTC BB: CXTI) is an emerging Chinese growth play in the IT network and
infrastructure markets in China and Hong Kong. The company specializes in the design and installation of
large-scale information technology network projects known as e-government solutions for municipalities
and city governments in China. China Expert is the only private enterprise with the authority to provide technological achievement appraisal services for IT companies in China.
At present, the company is working on five major municipal e-government projects with a combined contract value of about $123 million. In 2006, China Expert Technology won 14 new e-government
contracts with a total face value of $251.7 million, which represents an impressive 7.1X its sales in 2005. The company has won in excess of $360 million in e-government projects in Fujian province. The
potential in this region has plenty of upside as the company has contracts in only 12 of a possible 82 counties and cities in Fujian. The company's total backlog is at around $141.5 million based on 14 outstanding contracts as of December 4, 2006.
For the fiscal year ended December 31, 2005, CXTI recorded revenues of $35.6 million, up 32.6% from $26.8 million in 2004. Net income increased to $4.8 million, up 34.6% from $6.5 million the
year before.
Revenues for the third quarter of 2006 increased 115% to $19.5 million, from $9.0 million a year earlier. Net income increased 147% to $6.1 million, or $0.15 per diluted share, from $2.5 million, or $0.10 per diluted share, for the comparative quarter in 2005. The company finished the quarter with $22.5 million in
cash, compared with $7.3 million at the end of 2005. Total longterm debt at the end of the quarter was zero. Gross margins strengthened to 52% in the third quarter, a vast improvement from 45.3% in the year-ago quarter.
Revenues for the nine months ended September 30 of $48.6 million are up 86.8% year-over-year versus the comparative period in 2005. Moreover, the results to date in 2006 have already surpassed the
combined results for 2005. Net income for the period was $8.1 million, up a marginal 1.5% from $7.9 million for the same period a year ago. On a per-share basis, the $0.23 per diluted share earned in the
period was below the $0.33 per diluted share in 2005 due to a higher share count. China Expert is estimated to earn $0.36 per diluted share on revenues of $63 million in 2006, according to
a single estimate gathered by Thomson Financial Network. For 2007, the company is estimated to
increase its earnings by 52.8% to $0.55 per diluted share. The earnings estimate gives the stock an attractive 11X its estimated 2007 EPS.
Given the growth potential and the goal by all government levels in China, we see excellent growth opportunities for China Expert Technology. China Expert Technology remains largely unknown on
Wall Street, providing early investors the opportunity for sizeable returns.