Shengdatech, Inc. provided capital expenditures guidance for the year 2010. The company expects to incur capital expenditures of approximately $52.4 million in 2010.

Shengdatech, Inc. reported unaudited consolidated earnings results for the fourth quarter and the year ended December 31, 2009. For the quarter, the company reported revenue increased to $30.1 million, up 23.3% from $24.4 million in the fourth quarter of 2008. Operating income was $9.6 million, up 17.8% from $8.1 million in the same period a year ago. EBITDA decreased 21.3% year-over-year to $11.6 million from $14.7 million in the fourth quarter of 2008. Net income from continuing operations was $6.7 million, down 31.8% from $9.9 million in the same period last year, which included $5.5 million in gain as a result of repurchasing convertible notes during the fourth quarter of 2008. Fully diluted earnings per share from continuing operations were $0.12, compared with fully diluted earnings from continuing operations per share of $0.12 in the fourth quarter of 2008. Net income was $6.7 million or $0.12 per diluted share compared to $9.6 million or $0.12 per diluted share for the same period of last year. Income before provision for income taxes was $7.2 million compared to $10.9 million for the same period of last year. For the year, the company reported revenue increased 23.9% to $102.1 million compared with $82.4 million in 2008. Income from operations was $34.1 million up 19.4% from $28.6 million in 2008. EBITDA was $41.1 million in 2009, up 9.4% from $37.6 million in 2008. Net income from continuing operations increased 2.3% to $23.6 million from $23.0 million in 2008. Fully diluted earnings per share from continuing operations were $0.43 compared to $0.39 for the full-year 2008. Net income was $23.1 million or $0.43 per diluted share compared to $36.03 million or $0.60 per diluted share for the same period of last year. Income before provision for income taxes was $26.3 million compared to $26.7 million for the same period of last year. Net cash provided by operating activities was $28 million compared to $25.5 million for the same period of last year. Purchase of property, plant and equipment, including interest capitalized was $24.3 million compared to $36.9 million for the same period of last year. The company appointed Mr. Gary Cao as the company's new International Marketing Director to strengthen its international sales and marketing team. The company expects 2010 revenue and net income from NPCC to be in the range of $123.0 million to $126.0 million and $25.0 million to $27.0 million, respectively.

Shengdatech, Inc. Presents at Halter Financial Summit 2010, Apr-07-2010 through Apr-09-2010. Venue: Pudong Shangri-la, Shanghai, China.

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