CHIO China INSOnline Corp. featured news, full reports, and detailed charts
China INSOnline Corp. (CHIO) Wrap Up:
China INSOnline Corp. operates as an Internet service and media company in the People’s Republic of China. The company, through its Web site, soobao.cn, provides a network portal to insurance companies, agents, and consumers for advertising, online inquiry, news circulation, online transactions, and statistic analysis and software development. It also offers Web site construction services to marketing teams in the insurance industry; and software development services, as well as operates as a licensed online motor vehicle, property, and life insurance agent. The company was founded in 2006 and is based in Central, Hong Kong.www.china-insonline.com
58 Employees
Founded in 2006
China INSOnline Corp. (CHIO:NASDAQ)
LAST $0.92 USD
CHANGE TODAY +0.037 4.21%
VOLUME 110.3K
As of 2:20 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of China INSOnline Corp. (CHIO)
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OPEN
$0.88
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PREVIOUS CLOSE
$0.88
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DAY HIGH
$0.92
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DAY LOW
$0.86
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52 WEEK HIGH
06/29/09 - $2.17
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52 WEEK LOW
03/23/09 - $0.17
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MARKET CAP
36.6M
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AVERAGE VOLUME 3 mo
384.1K
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DILUTED EPS TTM
$0.09
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SHARES OUTSTANDING
40.0M
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CHIO Does Not Pay Dividends
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P/E TTM
10.4x
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CHIO Top Compensated Officers
Ms. Junjun Xu
Chief Executive Officer and Director
Age: 31
Total Annual Compensation: $37.6K
Mr. Mingfei Yang
Chief Financial Officer and Principal Account...
Age: 26
Total Annual Compensation: $15.3K
Mr. Hon Man Yun
Chief Operating Officer
Age: 41
Total Annual Compensation: --
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for China INSOnline Corp. (CHIO)
China INSOnline Corp. Reports Consolidated Earnings Results for the Fiscal Year Ended June 30, 2009
10/14/2009
China INSOnline Corp. reported consolidated earnings results for the fiscal year ended June 30, 2009. For the fiscal year ended June 30, 2009, the company reported that net revenues advanced 31% to $17,976,529 from $13,735,376 in prior year, while net income grew 10% to $9,177,601 compared with $8,336,357 in the prior fiscal year. Basic and diluted earnings per share were $0.23 on 40,000,000 weighted average shares outstanding as compared with $0.25 on 33,946,666 weighted average shares in the prior fiscal year. Income from operations was $12,337,711 against $10,483,299 in the prior fiscal year. Income from operations before income taxes was $12,362,429 against $10,503,203 in the prior fiscal year. Comprehensive income was $9,164,203 against $9,061,363 in the prior fiscal year.
China INSOnline Corp. announced delayed annual 10-K filing
09/29/2009
On 09/29/2009, China INSOnline Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
China INSOnline Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended March 31, 2009
05/15/2009
China INSOnline Corp. reported unaudited consolidated earnings results for the third quarter and first nine months ended March 31, 2009. For the quarter, the company reported net income of $2,194,194 or $0.05 per basic and diluted share on net revenue of $3,989,716 compared to net income of $1,610,186 or $0.04 per basic and diluted share on net revenue of $3,230,301 in the same period of previous year. Income from operation was $2,978,524 against $2,301,748 in the same period of last year. Income from operation before income tax was $2,979,972 against $2,308,037 in the same period of last year. Comprehensive income was $2,183,513 against $1,984,749 in the same period of last year. For the first nine months ended March 31, 2009, the company reported net income of $5,447,822 or $0.14 per basic and diluted share on net revenue of $13,047,434 compared to net income of $5,648,389 or $0.18 per basic and diluted share on net revenue of $8,469,275 in the same period of previous year. Income from operation was $7,495,764 against $7,046,984 in the same period of last year. Income from operation before income tax was $7,520,096 against $7,059,748 in the same period of last year. Comprehensive income was $5,461,971 against $6,208,533 in the same period of last year. The company said the revenue contribution from online insurance advertising, while up significantly year to date, was about flat in the fiscal 2009 third quarter compared with the third quarter last year. Net revenues rose 54% mainly on the strength of online insurance advertising sales which rose 67% from the year earlier period to approximately $9.8 million, representing 73% of the company's year to date total revenues.
CHIO Competitors
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Industry Analysis
| Valuation | CHIO | Industry Range |
| Price/Earnings | 3.8x |
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| Price/Sales | 2.0x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | 3.8x |
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| TEV/Sales | 1.9x |
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CHIO |
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CHIO transactions
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More Recent News About China INSOnline Corp.
More news for CHIO
China Insonline Corporation Announces Corporate Update and New Corporate Website
NEW YORK, NY--(Marketwire - 07/01/09) - China Insonline Corporation (NASDAQ:CHIO - News) is pleased to provide the following Corporate Update and announce that the new corporate website is now operational at www.china-insonline.com. China Insonline Corporation is aggressively positioning itself at the forefront of the growing Chinese economy by providing Internet & Media Services focused on the Insurance industry. According to recent numbers provided by REUTERS and the China Internet Network Information Center (CNNIC), the number of internet users jumped nearly 42 percent to 298 million by the end of 2008 from the previous year, thus giving China the world's largest internet population. The report also states that the rapid growth in China's Internet use can be tied to its swift economic gains and the government's push for the construction of telephone and broadband lines in the country's vast rural areas. China Insonline hopes to increase revenues by utilizing its services: Licensed Online Insurer (which includes: motor vehicle, property and life insurance), Advertising, Software Development and Website Development in China's developing Internet economy.To take advantage of China's rapidly growing internet community China Insonline has equipped itself with a new website: ...Click here to read the whole Article (external link)
China INSOnline Reports 2009 Third Quarter Net Income Grew 36% on a 24% Increase in Net Revenues
Expired Yahoo - Document Has Expired/iw/090515/0501963.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 INSOnline Reports Net Revenues Advance 31% in Fiscal Year; Growth Led by Gains in Software Development and Online Advertising
BEIJING--(Marketwire - 10/14/09) - For its fiscal year ended June 30, 2009, China INSOnline Corp. (NASDAQ:CHIO - News), a rapidly growing integrated licensed insurance services provider, which operates www.soobao.cn, one of China's leading insurance services web portals, reported that net revenues advanced 31% to $17,976,529 from $13,735,376 in prior year, while net income grew 10% to $9,177,601 compared with $8,336,357 in the prior fiscal year. Earnings per share for the year ended June 30, 2009 were $0.23 on 40,000,000 weighted average shares outstanding as compared with $0.25 on 33,946,666 weighted average shares in the prior fiscal year. While the Company saw gains in each of its three reportable business segments, it cited the 51% increase in Software Development revenues as the main driver of fiscal year results, as this unit completed four major software development projects during the year, generating approximately $6.5 million in revenues. Additionally, the Company said revenues from Online Insurance Advertising -- representing 61% of total revenues during the year -- increased 19% to approximately $11.24 million as of June 20, 2009, while Insurance Agency revenues grew 65% to $510,332, following the Company's acquisition of Guang Hua Insurance Agency Company Limited ("GHIA") in October, 2008.For the year ended June 30, 2009,...Click here to read the whole Article (external link)
CHINA INSONLINE CORP. Files SEC form 10-K, Annual Report
ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements The following is management's discussion and analysis of certain significant factors which have affected our financial position and operating results during the periods included in the accompanying consolidated financial statements, as well as information relating to the plans of our current management. This report includes forward-looking statements. Generally, the words " believes " " anticipates ", " may ", " will ", " should ", " expect ", " intend ", " estimate ", " continue " and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including the matters set forth in this report or other reports or documents we file with the SEC from time to time, which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be place on these forward-looking statements which speak only as of the date hereof. We undertake no obligation to update these forward-looking statements. The following discussion and analysis should be read in conjunction with our consolidated financial statements and the related notes thereto and other financial information contained elsewhere in this Report. Acquisition of Rise & Grow On December 18, 2007 (the "Closing Date"), China INSOnline Corp., formerly known as Dexterity Surgical, Inc. ("Dexterity Surgical") and hereinafter, "CHIO" and together with its subsidiaries, the "Company", entered into a Share Exchange Agreement (the "Exchange Agreement") with Rise and Grow Limited, an inactive Hong Kong limited holding company ("Rise & Grow") and Newise Century Inc., a B...Click here to read the whole Article (external link)
CHINA INSONLINE CORP. Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. On September 22, 2009, the management of China INSOnline Corp., a Delaware corporation (the "Company"), concluded that the Company's previously issued unaudited condensed consolidated financial statements for the three and nine months ended March 31, 2009, included in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 15, 2009 (the "10-Q"), contained the errors specified below and should no longer be relied upon. Therefore, the Company plans to restate its financial statements for such period and will present the restated financial statements in an amendment to the 10-Q which the Company expects to file on or before September 28, 2009. Such restatement pertains to the following issues: · The recording of the goodwill of $4,473,787 in accordance with Statement of Financial Accounting Standards No. 141, "Business Combinations", and Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets", as of March 31, 2009. As discussed in Note 2, "Restatement of Unaudited Condensed Consolidated Financial Statements," of the subject Notes to Unaudited Condensed Consolidated Financial Statements, the correction of this error from previously reported information as of March 31, 2009 has resulted in a change in the classification in the balance sheet of the insurance license - indefinite life of $4,473,787 to goodwill of $4,473,787. This results in the classification in the balance sheet of goodwill of $4,473,787 as of March 31, 2009, as compared to a previously reported insurance license - indefinite life of $4,473,787. Such restatement relates solely to the correction of the balance sheet as of March 31, 2009 and does not impact any other periods or financial statements presented in the amended 10-Q. · The recording of the repayment...Click here to read the whole Article (external link)
CHINA INSONLINE CORP. Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue4,929 4,014 3,562 5,471 Cost of Revenue951 392 353 437 Gross Profit3,979 3,622 3,209 5,034 Operating ExpensesResearch Development - - - - Selling General and Administrative72 629 1,128 1,678 Non Recurring(935)935 - - Others - (932)932 - Total Operating Expenses - - - - Operating Income or Loss4,842 2,990 1,149 3,356 Income from Continuing OperationsTotal Other Income/Expenses Net0 2 23 (0)Earnings Before Interest And Taxes4,842 2,992 1,172 3,356 Interest Expense - - - - Income Before Tax4,842 2,992 1,172 3,356 Income Tax Expense1,113 789 389 894 Minority Interest - - - - Net Income From Continuing Ops3,730 2,203 783 2,462 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
Early Movers: Pump Up the Volume
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ExpressJet, Entremed: Midday Volume Plays
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China INSOnline Reports 27% Gain in First Quarter Net Income on 6% Decline in Revenues
BEIJING--(Marketwire - 11/16/09) - China INSOnline Corp. (NASDAQ:CHIO - News), which operates www.soobao.cn, one of China's leading insurance services web portals, reported today that while net revenues in its first quarter ended September 30, 2009 declined 6% to $5,126,875 from $5,471,449 in the year ago quarter, net income in the first quarter of the current fiscal year increased 27% to $3,120,617, or $0.08 per share, from $2,462,064, or $0.06 per share, in the same period last year on 40 million shares outstanding in both periods. The Company reported that the decline in first quarter revenues was primarily a consequence of a 79% decline in revenues from Online Insurance Advertising which decreased from approximately $3.55 million in the year ago quarter to $756,201 in the first quarter this year. This reflected the fact that insurance agents failed to renew online advertising agreements with the Company.A much stronger performance in the quarter was recorded by the Company's Software Development segment which saw revenues grow 127% to $4,356,025 in the first quarter this year from $1,919,196 in the first three months ended September 30, 2008. The $2,436,829 increase in Software Development revenue was the primary reason for the 27% increase in net income in the quarter. The Company attributed the gain in Software Development rev...Click here to read the whole Article (external link)
CHINA INSONLINE CORP. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements The following is our management's discussion and analysis of certain significant factors which have affected our financial position and operating results during the periods included in the accompanying condensed consolidated financial statements, as well as information relating to the plans of our current management. This report includes forward-looking statements. Generally, the words "believes" "anticipates", "may", "will", "should", "expect", "intend", "estimate", "continue" and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including the matters set forth in this report or other reports or documents we file with the SEC from time to time, which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be placed on these forward-looking statements which speak only as of the date hereof. We undertake no obligation to update these forward-looking statements. The following discussion and analysis should be read in conjunction with our condensed consolidated financial statements and the related notes thereto and other financial information contained elsewhere in this report. Acquisition of Rise & Grow On December 18, 2007 (the "Closing Date"), China INSOnline Corp., formerly known as Dexterity Surgical, Inc. ("Dexterity Surgical") and hereinafter, "CHIO" and together with its subsidiaries, the "Company", entered into a Share Exchange Agreement (the "Exchange Agreement") with Rise and Grow Limited, an inactive Hong Kong limited holding company ("Rise & Grow") and Newise Century Inc., a Bri...Click here to read the whole Article (external link)
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