CHFY China Forestry inc. featured news, full reports, and detailed charts
China Forestry inc. (CHFY/CHFY.OB) Wrap Up:
China Forestry, Inc., through its subsidiaries, engages in conserving and managing forests and forest lands in the People’s Republic of China. The company grows and harvests timber, as well as manufactures and markets lumber. It manages approximately 1,561 hectares of state forest assets located over the Small Xing An Mountains, Jin Yin County, and the Harbin Wu Chang district of Heilongjiang province of northern China. The company was founded in 2004 and is based in Harbin, the People’s Republic of China.www.chinaforestryinc.com
8 Employees
Founded in 2004
China Forestry inc. (CHFY:OTC Bulletin Board Market)
LAST $0.03 USD
CHANGE TODAY -0.06 -66.67%
VOLUME 2.5K
As of 9:30 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of China Forestry inc. (CHFY)
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OPEN
$0.03
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PREVIOUS CLOSE
$0.09
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DAY HIGH
$0.03
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DAY LOW
$0.03
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52 WEEK HIGH
11/17/09 - $0.10
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52 WEEK LOW
10/6/09 - $0.02
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MARKET CAP
1.7M
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AVERAGE VOLUME 3 mo
3.1K
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DILUTED EPS TTM
$-0.02
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SHARES OUTSTANDING
56.0M
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CHFY Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
CHFY Top Compensated Officers
Mr. Yuan Tian
Chief Executive Officer and Director
Age: 35
Total Annual Compensation: --
Mr. Han Degong
Chairman, President and Secretary
Age: 54
Total Annual Compensation: --
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for China Forestry inc. (CHFY)
China Forestry Inc. Announces Resignation of Kunlun Wang as Director
05/21/2009
On May 19, 2009, the Board of Directors of China Forestry inc. accepted the resignation of Kunlun Wang as a director. Ms. Wang had served the company in this capacity since July 7, 2007.
China Forestry inc. will Change its Ticker to CHFY from CHFYE
05/21/2009
Effective May 22, 2009, China Forestry inc. will change its OTCBB stock ticker symbol to CHFY from CHFYE.
China Forestry inc. announced delayed 10-Q filing
05/19/2009
On 05/19/2009, China Forestry inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
CHFY Competitors
| Company | Last | Change |
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Industry Analysis
| Valuation | CHFY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 2.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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CHFY |
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CHFY transactions
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| No transactions in the last 6 months. | ||
More Recent News About China Forestry inc.
More news for CHFY
CHINA FORESTRY INC Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS GENERAL DESCRIPTION OF BUSINESS Introduction The Registrant was originally incorporated in Nevada on January 13, 1986. Since inception, it has not had active business operations and was considered a development stage company. In 1993, the Registrant entered into an agreement with Bradley S. Shepherd in which Mr. Shepherd agreed to become an officer and director and use his best efforts to organize and update the Company's books and records and to seek business opportunities for acquisition or participation. The acquisition of the share capital of Hong Kong Jin Yuan was such an opportunity. As a result of a Share Exchange, Hong Kong Jin Yuan became a wholly-owned subsidiary of the Registrant, Harbin SenRun became an indirect wholly-owned subsidiary of the Registrant, and the Registrant succeeded to the business of Harbin SenRun Forestry Development Co., Ltd., a producer of forest products with approximately 1,561 hectares of State forest assets located mainly over the Small Xing An Mountains, Jin Yin County, and the Harbin Wu Chang District of Heilongjiang Province of Northern China. Harbin SenRun was founded in 2004. It currently has a workforce of 8 full time employees, mainly in sales, administration and in supporting services. It recruits temporary part-time workers to carry out felling, cutting and forestry plantation and protection. Harbin SenRun engages in the business of conserving and managing forests and forest lands to provide a sustained supply of forest products, forest conditions, and other forest values desired by its position as a forest user. Its primary operations are felling trees and selling the logs. Its principal revenue producer is log sales. Harbin SenRun plans to expand into paper and pulp manufacturing over the next ten years. The company also plans to develop a service industry in its forests, providing hunting, fishin...Click here to read the whole Article (external link)
China Forestry Inc. Ends Pursuit of Yunnan Province Business Transplanting Landscape Trees
HARBIN, China, Nov. 13, 2009 (GLOBE NEWSWIRE) -- China Forestry Inc. (OTCBB:CHFY - News), a timber investment group in the People's Republic of China, announced today that in response to the due diligence review by the Board of Directors, the Company has ended its acquisition pursuit of the Yunnan Province business transplanting landscape tree referenced in the Company's February 3rd press release from earlier this year. The Board's decision was based in large part on the seasonal revenue limitations of the investment candidate's operations. Commenting on the Board's decision, Mr. Yuan Tian, CEO of CHFY, stated, "Given the size of their forest holdings, the project presented significant synergies, as well as an additional revenue stream and the opportunity for expansion into southern China. But with operations limited to three seasons and ceasing during the winter months, the Board has decided to focus attention on management's due diligence of other investment candidates with more consistent revenues." "We will continue to seek investment opportunities that maximize shareholder value and enhance our ability to achieve a more senior listing on NASDAQ," said Mr. Tian. About China Forestry Inc.: China Forestry Inc. (OTCBB:CHFY - ...Click here to read the whole Article (external link)
CHINA FORESTRY INC Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue - - - - Cost of Revenue - - - - Gross Profit - - - - Operating ExpensesResearch Development - - - - Selling General and Administrative20 55 6 1,098 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss(20)(55)(6)(1,098)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes(20)(55)(6)(1,098)Interest Expense - - - - Income Before Tax(20)(55)(6)(1,098)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(20)(55)(6)(1,098)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - ...Click here to read the whole Article (external link)
CHINA FORESTRY INC Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS GENERAL DESCRIPTION OF BUSINESS Introduction The Registrant was originally incorporated in Nevada on January 13, 1986. Since inception, it has not had active business operations and was considered a development stage company. In 1993, the Registrant entered into an agreement with Bradley S. Shepherd in which Mr. Shepherd agreed to become an officer and director and use his best efforts to organize and update the Company's books and records and to seek business opportunities for acquisition or participation. The acquisition of the share capital of Hong Kong Jin Yuan was such an opportunity. As a result of a Share Exchange, Hong Kong Jin Yuan became a wholly-owned subsidiary of the Registrant, Harbin SenRun became an indirect wholly-owned subsidiary of the Registrant, and the Registrant succeeded to the business of Harbin SenRun Forestry Development Co., Ltd., a producer of forest products with approximately 1,561 hectares of State forest assets located mainly over the Small Xing An Mountains, Jin Yin County, and the Harbin Wu Chang District of Heilongjiang Province of Northern China. Harbin SenRun was founded in 2004. It currently has a workforce of 8 full time employees, mainly in sales, administration and in supporting services. It recruits temporary part-time workers to carry out felling, cutting and forestry plantation and protection. Harbin SenRun engages in the business of conserving and managing forests and forest lands to provide a sustained supply of forest products, forest conditions, and other forest values desired by its position as a forest user. Its primary operations are felling trees and selling the logs. Its principal revenue producer is log sales. Harbin SenRun plans to expand into paper and pulp manufacturing over the next ten years. The company also plans to develop a service industry in its forests, providing hunting, fishin...Click here to read the whole Article (external link)
CHINA FORESTRY INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
CHINA FORESTRY INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for CHINA FORESTRY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA FORESTRY INC 21-May-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only...Click here to read the whole Article (external link)
CHINA FORESTRY INC Files SEC form 8-K, Change in Directors or Principal Officers
Expired Yahoo - Document Has Expired/e/090521/chfye.ob8-k.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
CHINA FORESTRY INC Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS GENERAL DESCRIPTION OF BUSINESS Introduction The Registrant was originally incorporated in Nevada on January 13, 1986. Since inception, it has not had active business operations and was considered a development stage company. In 1993, the Registrant entered into an agreement with Bradley S. Shepherd in which Mr. Shepherd agreed to become an officer and director and use his best efforts to organize and update the Company's books and records and to seek business opportunities for acquisition or participation. The acquisition of the share capital of Hong Kong Jin Yuan was such an opportunity. As a result of a Share Exchange, Hong Kong Jin Yuan became a wholly-owned subsidiary of the Registrant, Harbin SenRun became an indirect wholly-owned subsidiary of the Registrant, and the Registrant succeeded to the business of Harbin SenRun Forestry Development Co., Ltd., a producer of forest products with approximately 1,561 hectares of State forest assets located mainly over the Small Xing An Mountains, Jin Yin County, and the Harbin Wu Chang District of Heilongjiang Province of Northern China. Harbin SenRun was founded in 2004. It currently has a workforce of 8 full time employees, mainly in sales, administration and in supporting services. It recruits temporary part-time workers to carry out felling, cutting and forestry plantation and protection. Harbin SenRun engages in the business of conserving and managing forests and forest lands to provide a sustained supply of forest products, forest conditions, and other forest values desired by its position as a forest user. Its primary operations are felling trees and selling the logs. Its principal revenue producer is log sales. Harbin SenRun plans to expand into paper and pulp manufacturing over the next ten years. The company also plans to develop a service industry in its forests, providing hunting, fishin...Click here to read the whole Article (external link)
CHINA FORESTRY INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for CHINA FORESTRY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA FORESTRY INC 15-Apr-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only...Click here to read the whole Article (external link)
China Forestry Inc. Announces New Director
HARBIN, China, April 15, 2009 (GLOBE NEWSWIRE) -- China Forestry Inc. (OTC BB:CHFY.OB - News), a timber investment group in the People's Republic of China, today announced the addition of Mr. Xiancheng Yang to its Board of Directors, increasing the size of the board from four directors to five. Xiancheng Yang is currently the Director of the Railway Management Department of the Tieli Forestry Bureau. Mr. Yang has over 30 years of experience in China's forestry industry. Until 2004 he served as the General Manager of Dongfanghong Timberland under the Tieli Forestry Bureau. In 1976, he joined Xiangyang Timberland of the Tieli Forestry Bureau, and he was appointed Division Manager of Xiangyang Timberland.``Mr. Yang brings exceptional experience and knowledge to our Company, and he is an outstanding addition to our Board. We are very pleased to welcome him and look forward to his contributions to our success,'' stated Mr. Yuan Tian, CEO of CHFY.China Forestry Inc. (OTC BB:CHFY.OB - News) is a timber investment group formed in the People's Republic of China to conform to State laws that prohibit non-PRC ownership of forest lands. The Company's strategy is to capitalize on the Chinese Government's decisio...Click here to read the whole Article (external link)
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