Earnings Call Excerpt
Puda Coal, Inc. (PUDC)
Q4 2005 Earnings Conference Call
April 3, 2006, 4:30 p.m. EDT
Executives:
Zhao Ming - Chairman and Chief Executive Officer
Jin Xia - Chief Financial Officer
Analysts:
John LaMack - Sandor Capital Management
Larry Ditkip - Southridge Capital
Moderator
Good afternoon. My name is Aileen, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Puda Coal Fourth Quarter and Year-end 2005 Financial Results 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 anticipated revenue, growth margin, expenses, earnings, inventory and new product introduction. 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, if during this call we use any non-GAAP financial measure, as defined by the SEC and Regulation G, we will file the required reconciliation, the most directly comparable GAAP measure, on a current report on Form 8-K.
I would now like to turn the meeting over to Mr. Tim Keating, President of Keating Investments, LLC. Thank you, Mr. Keating, you may begin your conference.
T. Keating
Thank you, Aileen. Good afternoon and welcome to Puda Coal’s first earnings conference call since becoming a public company through a reverse merger in July 2005. The purpose of this call is to augment the information provided in the company’s earning news release issued on Friday, March 31st. After completing the financial report, we will open the call to a few questions from the audience.
Puda Coal, through its controlled affiliates in Taiyuan 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 approximately 20% to 25% of China’s coal output and approximately 50% of China’s coke production.
As a profitable value-added coking coal supplier, Puda Coal offers a non-mine investment play in China’s growing coking coal sector. Puda’s stock is currently traded on the over-the-counter bulletin board under the ticker symbol PUDC.
- To read the full transcript on Seeking Alpha, click here »
