CDSG
China Dongsheng International, Inc.0.0035
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
901.12KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
CFO resigns; new auditors
China Dongsheng International dismissed its prior auditors and appointed Jewett, Schwartz, Wolfe and Associates as the new independent registered public accounting firm effective August 25, 2007, with no prior consultations or issues noted. Separately, CFO Wen Jiang resigned on August 20, 2008, without disagreements on operations or policies; CEO Aidong Yu steps in as interim CFO. Smooth transitions minimize disruptions, yet leadership gaps persist.
8-K
Auditor resigns cleanly
China Dongsheng International's auditor, Bagell, Josephs, Levine & Company, resigned on August 15, 2008, after auditing fiscal years 2006 and 2007 without disagreements or qualified opinions. No issues arose in reviews through March 2008. The company hunts for a replacement. Smooth handover, yet timing raises eyebrows.
8-K
Facility acquisition announced
China Dongsheng International acquired a manufacturing facility and land use rights in Jilin, China, from a seller majority-owned by its CEO, for about $6.23 million in cash. The deal covers 7,916 square meters of building space and 34,830 square meters of land, plus production lines, with 60% payment due by July 31, 2008, and title transfer in five years. This related-party transaction bolsters production capacity but ties up capital until full payment.
8-K
CFO replacement announced
China Dongsheng International replaced its CFO on May 25, 2008, with Aidong Yu resigning without disagreements over operations or policies. The board appointed Wen Jiang, a CPA with his own Oregon firm since 1993, effective immediately. Jiang earns $10,000 monthly plus 15,000 quarterly shares. Smooth transition bolsters financial oversight amid the company's PRC operations.
10-Q
Q3 FY2008 results
China Dongsheng International posted stable Q3 FY2008 sales of $4.5M, flat y/y, yet slashed cost of sales 58% to $0.8M through in-house manufacturing, boosting gross margin to 83.5% from 61%. Operating income rose 34% y/y to $3.0M, while net income climbed 44% to $2.2M after a $0.8M tax provision; YTD, revenue dipped 1.5% to $22.9M but gross profit surged 28% to $17.7M on 77% margins, with net income exploding to $29.2M thanks to a one-time $19.4M tax benefit forgiving prior liabilities. Cash from operations fell 52% y/y to $10.1M amid $6.8M inventory buildup for ginseng crops, offset by $10.5M investing outflows mainly for land use rights; quarter-end cash stood at $1.0M with $0.4M related-party notes. In January 2008, the firm closed a $9.0M ginseng farm acquisition (cash), adding long-term raw material security with harvest in 4-6 years. Political shifts in China pose risks to operations.
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