CHINAWE COM INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the Consolidated Condensed Financial Statements and notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed elsewhere in this document. Overview - Results of Operations Effective March 27, 2009, the Company ceased providing professional management services relating to non-performing loans ("NPLs") in the People's Republic of China ("PRC"). The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the Company will have adequate funding to commence operations of such new line of business. The principal stockholders of the Company have agreed not to demand repayment of amounts due to them as long as the Company has negative working capital and have indicated their intention to finance the Company to enable the Company to continue as a going concern. See Note 3 to the financial statements included in Part I of this report. The following table sets forth selected income data as a percentage of total operating revenue for the periods indicated: Table of Contents THREE MONTHS ENDED SEPTEMBER 30, 2009 (UNAUDITED) COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2008 (UNAUDITED) OPERATING REVENUES. Operating revenues for the third quarter of 2009 were $...
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CHINAWE COM INC Financials

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CHINAWE COM INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the Consolidated Condensed Financial Statements and notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed elsewhere in this document. Overview - Results of Operations Effective March 27, 2009, the Company ceased providing professional management services relating to non-performing loans in the People's Republic of China. The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the Company will have adequate funding to commence operations of a new line of business. The principal stockholders of the Company currently intend to continue to fund the expenses of the Company until a new line of business has been identified. The following table sets forth selected income data as a percentage of total operating revenue for the periods indicated. THREE MONTHS ENDED JUNE 30, 2009 (UNAUDITED) COMPARED TO SIX MONTHS ENDED JUNE 30, 2008 (UNAUDITED) OPERATING REVENUES. Operating revenues for the second quarter of 2009 were US$0 compared to US$219,303 for the comparable period last year. As the Company discontinued its sole business with Huizhou One Limited in March 2009, no revenues were generated during the second quarter of 2009. OPERATING EXPENSES. The Company's operating expenses...
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CHINAWE COM INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the Consolidated Condensed Financial Statements and notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed elsewhere in this document. Overview - Results of Operations Effective March 27, 2009, the Company ceased providing professional management services relating to non-performing loans ("NPLs") in the People's Republic of China ("PRC"). The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the Company will have adequate funding to commence operations of a new line of business. The principal stockholders of the Company currently intends to continue to fund the expenses of the Company until a new line of business has been identified. The following table sets forth selected income data as a percentage of total operating revenue for the periods indicated. THREE MONTHS ENDED MARCH 31, 2009 (UNAUDITED) COMPARED TO THREE MONTHS ENDED MARCH 31, 2008 (UNAUDITED) OPERATING REVENUES. Operating revenues for the first quarter of 2009 totaled US$131,558 compared to US$188,429 for the comparable period last year. This represented a decrease of 29% mainly due to the decrease in the scale of business. As the Company has successfully recovered a majority portion of the NPLs under...
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CHINAWE COM INC Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-K. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" and elsewhere in this document. Overview - Results of Operations The Company's financial statements for the twelve months ended December 31, 2008 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. For the twelve months ended December 31, 2008, the Company reported a net loss of US$397,508 and as of December 31, 2008 had a negative working capital and stockholders' deficit of US$1,710,449 and US$1,704,930, respectively. Effective March 27, 2009, the Company ceased providing professional management services relating to NPLs in the PRC. The Company has terminated its employees and closed down its offices. The Company is currently seeking one or more new lines of business that it can enter into. The Company has not identified a specific line of business or territory for any such new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the Company will have adequate funding to commence operations of a new line of business. Management of the Company currently intends to continue to fund the expenses of the Company until a new line of business has been identified. "See Risk Factors." Year ended December 31, 2008 compared t...
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CHINAWE COM INC Files SEC form 8-K, Termination of a Material Definitive Agreement

Show all filings for CHINAWE COM INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINAWE COM INC 10-Apr-2009Termination of a Material Definitive Agreement 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 onl...
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CHINAWE COM INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the Consolidated Condensed Financial Statements and notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed elsewhere in this document. Overview - Results of Operations The following table sets forth selected income data as a percentage of total operating revenue for the periods indicated. THREE MONTHS ENDED SEPTEMBER 30, 2008 (UNAUDITED) COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2007 (UNAUDITED) OPERATING REVENUES. Operating revenues for the three months ended September 30, 2008 totaled US$185,075 compared to US$193,308 for the three months ended September 30, 2007. This represents a decrease of 4.3% mainly due to the decrease in the scale of business. As the Company has successfully recovered a majority portion of the non-performing loans ("NPLs") under two of the Company's portfolios in Huizhou and Shanwei in the People's Republic of China ("PRC"), revenue from the recovery of NPLs has started to diminish while the Company has not generated new business in this field. OPERATING EXPENSES. The Company's operating expenses totaled US$235,488, or 127% of operating revenues, for the three months ended September 30, 2008, compared to US$244,431, or 126% of operating revenues, for the three months ended September 30, 2007. This represents a decrease of US$8,943 or 3.6% mainly due to the reduction in professional fees paid during this period. NET NON-OPERATING EXPENSES. Total non-operating expenses for the three months ended September 30, 20...
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