- Published: 15 March 2012
- Written by Investor Ideas
New York, NY - March 16, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on China stock, Cogo Group, Inc. (Nasdaq: COGO). The stock is trading at $3.13, up 1.19 (61.34%) as of 12:45PM EDT with a morning high of $4.00. The Company reported record quarterly revenue of $169.5 million, up 49.3% year-over-year from $113.5 million reported a year earlier.
2011 revenue of $564.7 million grew 43.9% versus 2010; 4Q11 revenue grew 49.3% to $169.5 million
In 4Q11, the Company records $37.6 million non-cash goodwill impairment charge and Diluted Non-GAAP EPS Diluted of $0.13
SME demand likely to be negatively impacted by tightened credit policies for the rest of 2012
Cogo Group, Inc. (Nasdaq: COGO) is one of the leading gateways for global semiconductor companies to access the rapidly growing Industrial and Technology sectors in China. Through its unique business-to-business services platform, Cogo designs customized embedded solutions using technology from suppliers including Intel, Broadcom, Xilinx, SanDisk, Freescale, Atmel and others for a customer base of over 1,800 Chinese OEMs/ODMs. Cogo's customer list includes approximately 100 blue-chip companies, including ZTE, BYD and NARI, as well as over 1,700 Small and Medium Enterprises (SMEs). The Company serves a broad list of rapidly growing end-markets in China, including 3G Smart phones, Tablets, Automotives, High-Speed Railway, Smart Meter/Smart Grid, Healthcare and High Definition Television ("HDTV").
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