Earnings Call Excerpt
Puda Coal, Inc. (PUDC)
Q1 2006 Earnings Conference Call
May 16, 2006, 4:30 p.m. EST
Executives
Mr. Zhao Ming, Chairman and Chief Executive Officer
Mr. Lee, Vice President and Controller
Mr. Wenwei Tian, Vice President of Investor Relations
Mr. Saunty, Vice President
Presentation
Operator
Good afternoon. My name is Aileen, and I will be your conference facilitator today. At this time I would like to welcome everyone to Puda Coal’s first quarter 2006 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks there will be a question and answer period.
Except for historical information contained herein, statements made during this conference call are forward-looking statements. These forward-looking statements include expectations related to factors impacting anticipating revenue, gross margins, expenses, earnings, inventory, and new product introductions. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and several factors could cause actual results to differ materially from those in the forward-looking statements. A more complete listing of these risk factors can be found in the company’s most recent report on Form 10-KSB. In addition, in during this call, we use any non-related GAAP financial measure as defined by the SEC in Regulation G, we will file the required reconciliation to the most directly comparable GAAP measure on a current report on Form 8-K. I would now like to turn the call over to Mr. Wenwei Tian, Vice President of Investor Relations. Thank you, Mr. Tian; you may begin your conference.
W. Tian
Thank you. Good afternoon and welcome to Puda Coal’s first quarter 2006 earnings conference call. My name is Wenwei Tian, and I am Vice President of Investor Relations for Puda Coal, Incorporated. The purpose of this conference call is to augment the information provided in the company’s earnings [inaudible] 2006. After completing the financial report, we will open the call to a few persons from the audience.
Puda Coal soon is to control the affiliates in [inaudible] City, China, is a leading supplier of China’s highest-grade metallurgical coking coal, which is used to make coke for purposes such as steel manufacturing. Puda Coal is currently the largest coking coal cleaning company in Shanxi Province. Shanxi Province accounts for 20% to 25% of China’s coal output, and 50% of China’s coke production. As the profit for value-added coking coal supplier, Puda offers a known management investment trade in China’s coking coal sector.
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