China SheSays Medical Cosmetology Inc (GM) (CSAY) Quote

I'll try and get the quote box fixed...

Third Quarter 2010 Highlights

* ?Revenue increased 34.5% year-over-year to $3.2 million
* ?Gross profit increased 25.3% year-over-year to $2.2 million
* ?Net income was $0.4 million, or $0.02 per diluted share
* ?Completed a share-exchange transaction to list on the OTC Bulletin Board
* ?Opened two new outpatient clinics in Leshan and Yibin cities in Sichuan province in August 2010

"We continued to experience strong demand for our medical cosmetology services thanks to our strong brand equity, high standard of quality, experience medical team and safety in our medical procedures, which resulted in continued growth in our revenues during the third quarter," commented by Mr. Yixiang Zhang, Chairman and Chief Executive Officer. "During the quarter, we achieved several milestones that strategically positioned us for strong future growth. First, we became the first Chinese company in the medical cosmetology industry to list on a US stock exchange. Second, we opened new clinics in additional Tier II cities in Sichuan province, which represents a first step to roll out our unique chain of clinics and hospitals, thereby expanding our presence in these underdeveloped markets."

Third Quarter 2010 Results

For the quarter ended September 30, 2010, customer service revenue increased 34.5% to $3.2 million from $2.4 million in the comparable period of 2009 due to a continued growth in customer base and demand for the Company's cosmetology services. On a sequential basis, revenue increased 15.6% to from $2.7 million for the three months ended June 30, 2010 as the summer is traditionally a strong season for cosmetic procedures.

The Company's gross profit increased 25.3% to $2.2 million in the third quarter of 2010 compared to $1.8 million in the same period of 2009. Gross margin declined to 68.8% from 73.8% in the third quarter of 2009. Although there was a slight decline in gross margin, the company still shows relatively high earnings ability compared to the industry.

For the third quarter of 2010, operating expenses increased 73.1% to $1.6 million, or 49.3% of revenue, from $0.9 million, or 38.3% of revenue, in the third quarter of 2009. The increase was primarily due to the Company's enhanced marketing efforts and higher professional fees associated with being a public company. Noticeably, advertising costs for the third quarter of 2010 increased 363.3% to $0.5 million, or 16.3% of revenue, from $0.1 million, or 4.7% of revenue, for the same period of 2009. The increase was mainly due to the management's efforts to strengthen the marketing activities in order to increase sales. Selling, general and administrative expenses increased 12.3% to $0.9 million, or 26.8% of revenue, from $0.8 million, or 32.1% of revenue, for the same period of 2009. On a sequential basis, total operating expenses declined to 49.3% of sales from 53.7% in the second quarter of 2010.

As a result, operating income decreased 26.2% to $0.6 million compared to $0.8 million in the third quarter of 2009.

Net income decreased 46.7% to $0.4 million, or $0.02 per diluted share, for the three months ended September 30, 2010 compared to $0.8 million, or $0.06 per diluted share, for the same period of 2009. Weighted average diluted shares outstanding increased to 16.4 million shares from 13.5 million shares in the third quarter of 2009.

The effective tax rate for the Company for the three months ended September 30, 2010 and 2009 was 31.5% and 7.3%, respectively. The increase was primarily due to the expiration of the 10% income tax rate in 2009. From 2010 onwards, China SHESAYS has an income tax rate of 25%.

Nine Months Results

Revenue for the nine months ended September 30, 2010, increased 35.5% to $9.2 million compared to $6.8 million in the same period of 2009. Gross profit increased 36.2% to $6.7 million from $4.9 million a year ago. Gross margin improved 30 basis points to 72.4% for the nine months ended September 30, 2010, compared to 72.1% for the same period of 2009. Operating income grew 11.2% to $2.7 million from $2.4 million in the first nine months of 2009. Net income decreased 16.8% to $1.9 million, or $0.12 per diluted share compared to net income of $2.2 million, or $0.17 per diluted share, for the first nine months of 2009. Weighted average diluted shares outstanding increased to 15.4 million shares from 13.5 million shares in the first nine months of 2009.

Financial Condition

As of September 30, 2010, cash and cash equivalents totaled $1.1 million compared to $1.4 million as of December 31, 2009. Total assets were at $8.0 million versus total liabilities of $3.3 million on September 30, 2010. Stockholders' equity was $4.6 million compared to $2.6 million as of December 31, 2009. Net cash generated from operating activities was $2.1 million for the nine months ended September 30, 2010, compared to $2.4 million generated from operating activities for the nine months ended September 30, 2009.

Recent Events

* ?On November 12, 2010, China SHESAYS announced that it has completed an offering of 600,000 shares of the Company's common stock at a price of $2.00 per share to a group of investors in a private placement transaction. The offering resulted in gross proceeds of $1.2 million to the Company. The Company expects to use the net proceeds from the transaction for expansion of network and working capital requirements.

* ?On November 3, 2010, the Company announced that it recently opened another new outpatient clinic in Zigong city in Sichuan province.
*

Business Outlook

"We are excited about the future of medial cosmetology in China and the vast opportunities present in many Tier II and Tier III Chinese cities with rapid economic growth. Our recent debut in Zigong city, Sichuan province is another reflection of our long-time strategy to expand our network in regional markets in Southwest China," commented Mr. Zhang. "As we continue to scale up revenues, we remain confident that our gross margin will remain at attractive levels as we leverage our unique chain operations involving hospitals, clinics and skincare centers to improve economies of scale and operating efficiency and maintain our competitive advantage."

About China SHESAYS Medical Cosmetology Inc.

China SHESAYS, founded in 2005, operates a chain of specialized medical cosmetology hospitals, clinics and skincare centers in Sichuan province. The Company has a full range of services including cosmetic surgery, cosmetic dermatology, cosmetic dentistry and cosmetic Traditional Chinese Medicine ("TCM"). Headquartered in Chengdu, China, China SHESAYS has become one of the fastest growing cosmetology businesses in China and it is one of the most renowned cosmetology hospital chains in Sichuan province. Currently, the Company serves more than 20,000 patients each year. For more information about the Company, contact CCG Investor Relations or visit the Company's website at www.xichan.cn .

It appears company is looking to get some exposure.

China SHESAYS Launches New English Website
China Shesays Med (OTCBB:CSAY)
Intraday Stock Chart

Today : Friday 21 January 2011
Click Here for more China Shesays Med Charts.
China SHESAYS Launches New English Website

PR Newswire

CHENGDU, China, Jan. 21, 2011

CHENGDU, China, Jan. 21, 2011 /PRNewswire-Asia-FirstCall/ -- China SHESAYS Medical Cosmetology Inc. (OTC Bulletin Board: CSAY) ("China SHESAYS" or the "Company"), which operates a network of specialized medical cosmetology hospitals, clinics and skincare centers in Sichuan province, China, today announced the launch of its new Investor Relations and corporate website at http://www.chinashesays.com.

The new site provides information about China SHESAYS' operations, services, and cutting-edge technologies and highlights its commitment to investors through a comprehensive investor relations section, while reflecting the Company's position as one of the fastest growing cosmetology businesses in China.

"We are excited about launching our new English website, which will provide the public with easy access to our business and IR updates," said Yixiang Zhang, Chairman and Chief Executive Officer of China SHESAYS. "We hope that this website will also exhibit our commitment to creating long-term value for our shareholders."

About China SHESAYS Medical Cosmetology Inc.

China SHESAYS, founded in 2005, operates a chain of specialized medical cosmetology hospitals, clinics and skincare centers in Sichuan province. The Company has a full range of services including cosmetic surgery, cosmetic dermatology, cosmetic dentistry and cosmetic Traditional Chinese Medicine ("TCM"). Headquartered in Chengdu, China, China SHESAYS has become one of the fastest growing cosmetology businesses in China and it is one of the most renowned cosmetology hospital chains in Sichuan province. Currently, the Company sees more than 20,000 patients each year. For more information about the Company, contact CCG Investor Relations or visit the Company's website at www.chinashesays.com .

News..Hires CCG for investor releations....link..

http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={0b13c27f-037b-4399-bc6f-cc6b83acb575}

CSAY is moving to the OTCBB tomorrow.

http://www.otcbb.com/asp/dailylist_detail.asp?d=08/26/2010&mkt_ctg=NON-OTCBB


Not a single MM showing an ASK price

three on the BID

I going to keep my eye on this one for a while.

Finally a trade! $2.00...I was hoping to steal some shares and had been sitting @ .25....grrrrr

Still not trading...eom

When can I buy some? It will be interesting to see the initial pps offering.

Chinese Plastic Surgery Hospital Goes Public
Posted June 08, 2010 6:10PM PST

A Chinese company that operates plastic surgery hospitals went public through a reverse merger.

Through a share issuance and share purchase, Sichuan SHESAYS Cosmetology Hospital Co. acquired 95% of the shell company SN Strategies Corp. The combined company plans to rename itself China SHESAYS Medical Cosmetology.

As part of the transaction, the shell's merger subsidiary issued 10 common shares, or about 10% of its stock, for all the stock in Perfect Support Ltd., a British Virgin Islands company that owns all of SHESAYS. The 10 shares then converted into about 13.5 million shares.

Additionally, the BVI companies Techno Meg Ltd., and Leading Pioneer Ltd., the majority and minority shareholders of Perfect Support, purchased about 4.2 million shares for $175,000.

A Hong Kong corporation, Bondy Nominees Ltd. owns about 16.7 million, or about 92.8%, of the total post-merger stock. The owner of Bondy has agreements to sell about 47% of its stake to SHESAYS management over the next five years for a "nominal price."
Filing: 8-K


http://reversemerger.dealflowmedia.com/wires/article.cfm?title=Chinese-Plastic-Surgery-Hospital-Goes-Public&id=eniwafdfgvhqlym

Company Snapshot:

Over the past five years, SHESAYS has become one of the fastest growing cosmetology hospitals in China and one of the most well-known cosmetology hospital chains in Sichuan province, P.R. China.

Industry Snapshot:

* The medical cosmetology market in China is one of the largest and fastest growing markets in the world. China’s GDP per capita has been over U.S. $3000, which marks a new starting point in terms of consumption. With economic growth in the country with 1.3 billion people, China’s consumption has upgraded many traditional consumption industries and accelerated the development of certain new industries, such as medical cosmetic industry.
* Presently, China has about over 1.8 million cosmetic institutions, with about 12 million cosmetic workers. China invests about 3 billion U.S. Dollars in cosmetic industry. In recent two years, cosmetic consumers have reached over 300 million people. In 2009, the cosmetic industry witnessed a turnover of over approximately 7.3 billion U.S. Dollars. The national medical cosmetic market reached approximately 439.4 million U.S. Dollars last year but compared with 60 billion U.S. Dollars in the United States, there is still a huge gap. It grows at a rate of 15% per year. The growth speed of cosmetic service is far beyond the general economic growth speed.

Post Merger Share Calculation:

* 4,500,000: Pre reverse merger outstanding shares
* 13,500,012: Newly issued shares of Common Stock
* 4,230,000: Shares associated with private placement

GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions: 22,230,012

Note: The company has not included the private placement shares in its calculation.

Financial Snapshot:

* During the three months ended March 31, 2010 we had revenues of $3,247,925 as compared to revenues of $2,162,768 during the three months ended March 31, 2009, an increase of $1,085,157, or 50%
* During the three months ended March 31, 2010 net income attributable to the Company in the amount of $1,142,715 for the three months ended March 31, 2010, as compared with $925,865 during the three months ended March 31, 2009.
* During the year ended December 31, 2009, we had revenues of $8,834,673, as compared with $4,461,901 during the year ended December 31, 2008, an increase of approximately $4,372,772, or 98%
* During the year ended December 31, 2009. net income attributable to the Company in the amount of $1,766,442 during the year ended December 31, 2009, compared with $6,396 during the year ended December 31, 2008.