Zulieferer für Asiatische Autoindustrie

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eröffnet am: 14.11.09 09:30 von: tali Anzahl Beiträge: 60
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14.11.09 09:30
1

33 Postings, 5559 Tage taliZulieferer für Asiatische Autoindustrie

Hallo zusammen, Wonder Aoto Technology ist ein großer Zulieferer für die gesamte Autoindustrie Asiens.

Mehr als 70% oder rund 500 Mrd. EUR der Wertschöpfung in der globalen Autoindustrie werden mittlerweile in den Fabrikhallen der Automobilzulieferer erbracht. Daher sollten Anleger angesichts der hohen Chancen auf dem Elektroautomarkt Chinas nicht nur auf die medienbekannten Pioniere unter den Automarken schauen sondern auch frühere Bereiche der Wertschöpfungskette in den Blick nehmen.

Wonder Auto hat hier sehr früh den Markt für Elektroautos erkannt und sich rechtzeitig positioniert. Zu den Kunden gehören die Topplayer der asiatischen Autoindustrie, auch BYD gehört dazu.

Wäre schön wenn sich jemand für Wonder intressiert und das enorme Potential für seine Anlageentscheidung nutzt.

Schönen Tag noch

 
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34 Postings ausgeblendet.

06.05.10 13:01

255 Postings, 6167 Tage ScatloverWATG Reports Its Record Q1 2010 Financial Results

"    Operational Highlights for the first quarter of 2010:
   -- Sales revenue increased 59.1% year-over-year to $63.6 million;
   -- Gross profit rose 54.8% year-over-year to $15.6 million from $10.1
      million;
   -- Non-GAAP Net income attributable to Wonder Auto increased 43.4% year-
      over-year to $7.41 million;
   -- Non-GAAP EPS was $ 0.22, representing a 14.2% increase from $ 0.19
      compared with first quarter 2009;
   -- Sales revenue from outside PRC increased $4.91 million, or 163.7% year-
      over-year, from $3.00 million in the first quarter 2009, or increased
      to 12.4% of total sales revenue from 7.5% in the first quarter 2009.

   *(Notes):
                             For the quarter ended    For the quarter ended
                                    March 31, 2010           March 31, 2009
   GAAP Net income                      $5,781,077               $5,171,624
   Share-based compensation             $1,634,895                       --
   Non-GAAP Net income                  $7,415,972               $5,171,624
   GAAP EPS                                  $0.17                    $0.19
   Non-GAAP EPS                              $0.22                    $0.19
"

http://www.finanznachrichten.de/...ter-2010-financial-results-008.htm  

12.05.10 12:25

5298 Postings, 6638 Tage Lapismucfür Daytrader, Boden erreicht............

-----------
Man wird nicht reich, durch das, was man verdient, sondern durch das, was man nicht ausgibt
LITHIUM ONE kk =1,20 ?

15.05.10 15:30

255 Postings, 6167 Tage ScatloverCEO hat wieder gekauft

"12-May-10   *31,213 WATG Purchase at $8.92 - $8.96 per share.
(Cost of about $279,000)"

http://biz.yahoo.com/t/59/7425.html  

21.05.10 16:10

255 Postings, 6167 Tage ScatloverHauptversammlung

"...
Proposals to be voted on at the annual meeting are as follows:
1. Elect five persons to the Board of Directors, each to serve until our next annual meeting of shareholders or until such person shall resign, be removed or otherwise leave office;
2. Ratify the appointment of PKF Hong Kong, Certified Public Accountants as our independent registered public accounting firm for the fiscal year ending December 31, 2010; and
3. To transact any other matters those properly come before the Meeting or any adjournments thereof.
..."

http://www.finanznachrichten.de/...al-meeting-of-stockholders-008.htm  

24.05.10 15:43

255 Postings, 6167 Tage ScatloverChina to release green-car subsidy details

"China to release green-car subsidy details this month

Shanghai, May 24 (Gasgoo.com) The Chinese government has worked out a plan to subsidize the country's buyers of green cars and will release details later this month, Shanghai Securities News said today.

China will offer a clean-energy car buyer with subsidies of up to 60,000 yuan ($8,789), as part of its sustained efforts to cut vehicle emissions in the world's biggest auto market. Subsidies will be mainly based on the car's energy-savings efficiency, Reuters reported, citing the Chinese business paper.

Buyers of all-electric vehicles will be eligible to get as much as 60,000 yuan each, while those of plug-in hybrid and normal hybrid cars can get 50,000 yuan and 3,000 yuan, respectively. This green car subsidy program will likely be carried out first in five selected cities.

Last year China selected 13 cities to subsidize clean-energy vehicle for public transportation and has expanded this pilot scheme to 20 cities. Last week, BYD auto delivered its first 40 all-electric e6 cars to a taxi fleet in Shenzhen, where the carmaker is based.

The Chinese government has been urging its automakers to get cleaner, low-emission vehicles on the roads, banking on the green drive to cut emissions and lead the global auto industry.

China's auto trade-in policy, initiated from June 1, 2009, will expire at the end of this month, after this 'cash for clunkers' program failed to achieve some expected sales results."

http://autonews.gasgoo.com/auto-news/1015296/...tails-this-month.html  

30.05.10 18:31

255 Postings, 6167 Tage ScatloverChina auto production may grow by 15% this year

"China auto production may grow by 15% this year

China?s automobile output this year may grow by as much as 15 percent, expanding from a record, said an official at the China Association of Automobile Manufacturers.

Production may total about 15 million units, Gu Xianghua, deputy general secretary of the association, said today at a conference in Shanghai.

Sales may gain 17 percent to 16 million units, by the State Information Center said last month.

Vehicle sales surged 46 percent to 13.6 million units last year, overtaking the U.S. as the world?s biggest auto market, after the government reduced the consumption tax on small vehicles and gave subsidies to encourage vehicle-buying in rural areas."

http://autonews.gasgoo.com/auto-news/1015369/...-by-15-this-year.html  

31.05.10 14:33

255 Postings, 6167 Tage ScatloverChina to have 2nd-most vehicles in the world

"China to have 2nd-most vehicles in the world by 2011

Shanghai, May 31 (Gasgoo.com) With its auto sales growing rapidly, China is expected to overtake Japan to become the country with the second-most vehicles on the road by next year, Shanghai Securities News reported today, citing an industry expert.

Xu Changming, a research director at the State Information Center, said last week that vehicle ownership in China may has been rising annually and may reach 75 million units by the end of this year or early next year from 63 million units in 2009.

China surpassed the United States as the world's largest auto market last year, with sales increasing by 45% to 13.6 million units and accounting for 22% of global auto sales. China auto sales for 2010 are likely to reach 17 million units, according to industry forecast.

The number of vehicles in China is expected to eventually rise to about 490 million units, Xu was quoted as saying, without giving a date, Bloomberg News reported.

The U.S. has the most vehicles on the road with more than 254 million units registered in 2007, according a research unit of the Department of Transportation.

Alternative-energy vehicles will become a growth point in China's future auto market, as conventional fuel is unable to meet the rising market demand, Xu added."

http://autonews.gasgoo.com/auto-news/1015386/...he-world-by-2011.html  

03.06.10 16:08

255 Postings, 6167 Tage ScatloverChina promotes new-energy vehicles in more cities

"China promotes new-energy vehicles in 7 more cities

China is promoting clean-energy vehicles for public transportation in seven more cities on top of the 13 cities that began promoting such vehicles last year, the Ministry of Finance (MOF) said Wednesday.

The seven cities include Tianjin, Haikou, Zhengzhou, Xiamen, Suzhou, Tangshan, and Guangzhou.

The 13 cities, including Beijing, Shanghai, and Chongqing, started promoting hybrid, electric, and energy-efficient vehicles in 2009 for taxi, bus, sanitation and post office use.

The MOF will provide subsidies to provincial and municipal government finance bureaus for promotion of such vehicles, the statement released by the MOF said.

Local governments will have to apply for the funding based on a promotion plan. The statement did not elaborate on the total amount of funding or a time frame for the program.

China on Tuesday released details of its green-car subsidy program that is designed to boost the nation's auto industry and cut vehicle emissions.

Subsidies of up to 60,000 yuan ($8,784) will be given to buyers of pure electric vehicles in cities taking part in the pilot program, Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.

Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies."

http://autonews.gasgoo.com/auto-news/1015418/...in-7-more-cities.html  

04.06.10 13:47

255 Postings, 6167 Tage ScatloverChina to subsidize buyers of small-engine vehicles

"China to subsidize purchases of small-engine vehicles

China plans to subsidize purchases of energy-saving vehicles and energy-efficient electric engines in a bid to further cut emissions, the country's top economic planner said Thursday.

Buyers of vehicles with engines smaller than 1.6 liters will receive a 3,000 yuan subsidy, said a statement posted on the website of the National Development and Reform Commission on Thursday.

Currently, China levies a 7.5 percent tax on purchases of small-engine vehicles, lower than the 10 percent tax for vehicles with bigger engines, in a bid to boost consumption.

The subsidies could boost small-engine vehicle sales in China by more than 4 million units by 2012, reducing oil consumption by 750 million liters and carbon dioxide emissions by 3.3 million tonnes, the statement said.

The statement did not reveal the specific date when the subsidies will be implemented.

China will also promote certain energy-efficient, small and medium-sized electric motors such as three-phase asynchronous motors by providing subsidies as much as 60 yuan per kilowatt.

China has recently introduced a range of subsidies on vehicle sales aiming to cut emissions. On Tuesday, the government released its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.

Subsidies of up to 60,000 yuan (8,784 U.S. dollars) will be given to buyers of electric vehicles in cities taking part in the pilot program, Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.

Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.

The government also said on Wednesday the country was promoting clean-energy vehicles for public transportation in seven more cities, increasing the number of major cities with such vehicles to 20."

http://autonews.gasgoo.com/auto-news/1015434/...-engine-vehicles.html  

07.06.10 10:57

255 Postings, 6167 Tage ScatloverShenzhen to give 20,000 yuan green car subsidy

"Shenzhen to give 20,000 yuan green car subsidy

Shenzhen will offer a 20,000 yuan subsidy to buyers of alternative-energy cars, in addition to the as much as 60,000 yuan subsidy provided by the central government, the China Securities Journal reported Thursday, without saying where it obtained the information."

http://autonews.gasgoo.com/auto-news/1015463/...reen-car-subsidy.html  

09.06.10 12:04

255 Postings, 6167 Tage ScatloverChina auto sales +53% to 7.5 mln units in Jan-May

"China auto sales up 53% to 7.5 mln units in Jan-May

Shanghai, June 9 (Gasgoo.com) In the first five months of the year, vehicle sales in the Chinese market grew 53.25% from a year earlier to exceed 7.5 million units, Xinhua News reported yesterday, citing an industry association.

China's auto sales in May rose 28.35% from a year earlier to 1.44 million units, but the figure was down 7.5% from the April level, the China Association of Automobile Manufacturers said yesterday in a statement. The growth in May sales notched the slowest pace over the past 13 months.

Sales of passenger cars climbed 55.06% from a year ago to 5.68 million units in the first five months while that of commercial vehicles increased 48.13% to 1.93 million units. Passenger car sales in May grew 26% to 1.04 million units, but down from 1.11 million sold in April.

Global automakers are looking to China, which last year overtook the United States as the world's biggest auto market by selling 13.64 million vehicles, to boost sales, though China's sizzling growth in car sales has started slowing back to normal.

Auto production in China rose 55.59% to 7.54 million units in the January-May period. Last month's output grew 27.86% year on year to 1.42 million units but declined 9.39% from April.

The association estimated that both auto sales and production in China would exceed 15 million units this year, according to the statement released yesterday."

http://autonews.gasgoo.com/auto-news/1015517/...units-in-Jan-May.html  

14.06.10 17:00

255 Postings, 6167 Tage ScatloverRevenue Expected to Increase YoY By 60% in Q1

"Wonder Auto's Revenue from Its Engine Valve Business Segment Expected to Increase YoY By 60% in 1H 2010

JINZHOU CITY, China, June 14 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or "the Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that its subsidiary, Jinan Worldwide Auto-Accessory Limited Company ("Jinan Worldwide") will increase its production capacity of engine valves by 13 million units this July, therefore increasing the total annual production capacity of engine valves from 27 million units to 40 million units.

Mr. Qingjie Zhao, Chairman and CEO of Wonder Auto, commented that, "Since Wonder Auto acquired Jinan Worldwide in October 2008, our engine valve business in China has been developing strongly. Its sales have increased 13% from $41.11 million in 2008 to $46.58 million in 2009. We expect that revenue from this business segment for the first half of 2010 will be approximately $32.0 million as compared with $19.85 million in the first half 2009, with an year-over-year increase rate of 60%." Mr. Zhao also commented that, "In the first half 2010, our engine valve business utilized production capacity was at its peak production level and that the newly increased production capacity will establish a solid foundation for our future business development in this business segment. After our successful acquisitions and the sharing of each other's customer base with our newly acquired companies like Jinan Worldwide, Wonder Auto has been able and will continue to further expand its customer base and penetrate new end markets significantly in the future. As a result of this and our other business acquisitions, we achieved around a 44% CAGR growth rate of our sales revenue for the last five years. Finally, the recent development and expansion of our engine valve business has validated our management team's business plan for making successful key strategic acquisitions in China in order to bring more value to Wonder Auto and its shareholders."..."

http://www.finanznachrichten.de/...rease-yoy-by-60-in-1h-2010-008.htm  

14.06.10 17:02

255 Postings, 6167 Tage ScatloverSorry,

es muss natürlich im Halbjahr und nicht nur Q1 heißen!  

14.06.10 19:03

255 Postings, 6167 Tage ScatloverChina extends "old car for new" subsidy to Dec. 31

"China extends "old car for new" subsidy to Dec. 31

China's Ministry of Commerce (MOC) said Sunday it will extend the auto replacement subsidy from May 31 to Dec. 31.

The move aims to accelerate the elimination of high-emissions and polluting vehicles, and stimulate automobile consumption, said the MOC in an online statement.

Consumers who trade-in their used small-and- medium-sized trucks and some types of mid-sized passenger cars for new ones can receive subsidies ranging from 3,000 (349.2 U.S. dollars) to 6,000 yuan.

The government rolled out the "old car for new" subsidy last June, to encourage people to replace their old cars. It was initially scheduled to end May 31, 2010.

As of May 31, relevant departments had handed-out 1.7 billion yuan in subsidies that had resulted in 127,000 vehicles being replaced, boosting domestic automobile spending by 15 billion yuan, according to MOC data."

http://autonews.gasgoo.com/auto-news/1015611/...ubsidy-to-Dec-31.html  

21.06.10 11:46
2

255 Postings, 6167 Tage ScatloverAuto consumption may double on "cash for clunkers"

"Auto consumption may double on "cash for clunkers"

Shanghai, June 21 (Gasgoo.com) China's new vehicle consumption has achieved 15 billion yuan ($2.2 billion) since the "cash for clunkers " program started on June 1, 2009. After China's Ministry of Commerce (MOC) recently extended the program to December 31, the figure is expected to grow to at least 30 billion yuan by the end of this year, Luo Lei, Deputy Secretary-General of China Automobile Dealers Association said recently.

The Chinese government invested 5 billion yuan in the "cash for clunkers" program last year, but as of May 31, only 1.7 billion yuan was given to the automobile consumers as subsidy and there was still 3.3 billon yuan left. Therefore, the country's automobile consumption in the next seven months will certainly be doubled.

Moreover, China has been giving more and more financial support for the automotive industry. It also improved the subsidy policy for vehicle purchasing in January this year, so the result will be positive by the end of this year, Luo explained.

On top of that, relevant sources from the MOC said in addition to promoting the automobile consumption, the Chinese government aims to accelerate the elimination of high-emission and heavy-polluting vehicles, and stimulate automobile consumption through the program.

By May 31, 2010, the country's relevant departments had handed out 1.7 billion yuan in subsidies that had resulted in the trade-in of 127,000 vehicles, boosting domestic automobile spending by 15 billion yuan."

http://autonews.gasgoo.com/auto-news/1015676/...ash-for-clunkers.html  

21.06.10 16:04
2

255 Postings, 6167 Tage ScatloverShortsqueeze

Mal gucken was diese Woche bringt. Es sind immer noch über 10% des Floats short!

http://shortsqueeze.com/?symbol=WATG&submit=Short+Quote%99  

28.06.10 15:13
2

255 Postings, 6167 Tage ScatloverWATG Signs Framework Agreements with Comm. Banks

"Wonder Auto Signs Framework Agreements with Commercial Banks

JINZHOU CITY, China, June 28 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or "the Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that it has signed strategic cooperation framework agreements with two of four major state-owned commercial banks.

As one of the best local companies, Wonder Auto developed its business steady and rapidly supported by the local state-owned commercial banks, and maintained superior relationships with banks. Therefore, Wonder Auto was recognized as a strategic customer of the local big-four state-owned banks and signed the framework agreements with two of them recently. The agreements stipulate that the commercial banks will support the Company's operation with sufficient cash flow. Meanwhile, when the Company faces major M&A opportunities, the banks can provide the Company with up to 50% of the size of the M&A as long-term loans.

Wonder Auto's Chairman and CEO, Mr. Qingjie Zhao commented that: "China's auto industry entered into a fast-developing period with huge growth potential. In the following years and decades, some industrial leaders, such as Wonder Auto, are facing a lot of M&A opportunities. The strategic framework agreements with the commercial banks will lay a solid foundation for Wonder Auto's fast growth in the future as well as for the potential M&As."..."

http://www.finanznachrichten.de/...ents-with-commercial-banks-008.htm  

06.07.10 15:38
3

255 Postings, 6167 Tage ScatloverChina first-half auto sales +30% to 7.18 mln units

"China first-half auto sales up 30% to 7.18 mln units

Shanghai, July 5 (Gasgoo.com) China's vehicle sales in the first half of the year surged 30.45% from a year earlier to 7.18 million units, Xinhua News reported today, citing an industry research center. First-half sales of passenger cars rose 25.6% to 5.42 million.

Total vehicle sales, including buses and trucks, increased 14% in June to 1.13 million, the China Automotive Technology & Research Center (CATRC) said today. Passenger-car sales in June grew 10.9% from a year earlier to 839,228 units, slowing down from 34% growth in April and 25% in May.

China's auto production, meanwhile, jumped 44.37% year on year to 8.47 million units in the Jan-June period. In June, auto production came to 1.29 million units, up 12.4% year on year, but down 1.41% month on month. Automakers in China were previously warned of overcapacity.

After becoming the world's largest auto market, China continued to lead the U.S. in total auto sales in the first half, with U.S. deliveries rising to 5.6 million during the period. Vehicle sales in the Chinese market may rise 17% this year to 16 million units.

China Association of Automobile Manufacturers will publish separate June sales data later this month. According to the association's data, monthly sales have risen more than 10.9 percent for 14 straight months through May.

Last month the Chinese government decided to extend its auto trade-in subsidy program by seven months to the end of this year, to help get highly polluting vehicles off the road and stimulate auto market demands."

http://autonews.gasgoo.com/auto-news/1015870/...o-7-18-mln-units.html  

13.07.10 18:41
3

255 Postings, 6167 Tage ScatloverWATG has the Best Relative Performance

"Wonder Auto Technology has the Best Relative Performance in the Consumer Goods Sector

Below are the top five companies in the Consumer Goods sector as measured by relative performance. Highest relative performance is a comparison between a share and its peers made to determine over performance.
This analysis was compiled based on yesterday's trading activity as SmarTrend searches for stocks that have the potential to outperform their peers.
Wonder Auto Technology (NASDAQ:WATG) ranks first with a gain of 8.47%; American Axle & Manufacturing (NYSE:AXL) ranks second with a gain of 5.17%; and ArvinMeritor (NYSE:ARM) ranks third with a gain of 5.05%.
Goodyear Tire & Rubber (NYSE:GT) follows with a gain of 4.32% and Dana (NYSE:DAN) rounds out the top five with a gain of 3.43%.
SmarTrend is bearish on shares of WATG and our subscribers were alerted to Sell on May 05, 2010 at $10.56. The stock has fallen 22.9% since the alert was issued."

http://www.mysmartrend.com/news-briefs/...nce-consumer-goods-sector-w  

25.09.10 13:00
3

371 Postings, 5834 Tage Leo4stocksAussichten 2010/ 11

 Wonder Auto Technology Inc. hat die Acquisition von Jinheng (BVI) Limited, einem Hersteller von Sicherheitsgurten beendet.

Es werden folgende Veränderungen erwartet bzgl. Umsatz / Gewinn für 2010/11:

- Jinheng (BVI) Limited soll etwa  $130 million Umsatz und ca $14.8 million Nettogewinn in 2011 beitragen

- Für das verbleibende Jahr 2010 wird jetzt mit mindestens $300 million Umsatz $36 million und  $29.5 million GAAP gewinn gerechnet.

Bei ca. 34 Millionen ausstehende Aktien entspricht das einem EpS (GAAP) von 0.87 USD. Grundsätzlich wird der gewinn von $ 14.8 Mio ca. 0.43 USD zunm EpS hinzufügen (GAAP EpS des Jahres 2009 betrug 0.82 USD).

Bei einem heutigen Aktienkurs von 8,80 USD entspricht das einem KGV von ca. 10,1 für 2010 und düfr 2011e einem KGV von 7,04 (wenn ca. 1,25 USD als EpS) kommen.

Wonder Aurto ist hervorragnend positioniert in China, profitiert vom wachsneden Markt  und erweitert sein Portfolio mit dem letzten kauf sehr gut.

 

 

 

 

 

 

12.12.10 18:00
1

549 Postings, 5384 Tage Odimademnächst stehen

hier gute News an, glaube daß diese Aktie Potenzial bis 10 Euro hat  

09.02.11 17:04

549 Postings, 5384 Tage OdimaTja, News bleiben aus

und Charttechnisches Verkaufsignal ausgelöst durch den Bruch unter die 7 Bucks  

02.03.11 15:29

549 Postings, 5384 Tage Odimajetzt

wirds aber ganz bitter für die Investierten,
Kurs schmiert voll ab.  

01.04.11 16:54

371 Postings, 5834 Tage Leo4stocksMann -o-Mann

was ist denn hier los??

Hat Wonder Auto jetzt auch die gleichen Probleme wie viele anderen chinesischen SmallCaps?? Wo ist der Jahresbericht 2010??? Man fragt sich ja echt, ob die alle unfähig sind?? A-Power Eneregy Systems (Jahresbericht 2010 wird verschoben); SkiStar Biopharma (Jahresbericht 15 Tage später), Advanced Battery Technologies (Totalabsturz, Intransparenz, CEO bereichert sich...), Subaye Inc. (CFO haut ab, kein Jahresbericht zu sehen).chinesische Small Caps = Katastrophe hinsichtlich Transparenz und Quartalsberichten / Jahresbrichten RECHTZEITIG abgeben...und Wonder Auto hat jetzt 60 Tage Zeit die Finanzen in Ordnung zu bringen!!

JINZHOU, China, March 25, 2011 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or "the Company") (Nasdaq:WATG - News), a leading manufacturer of automotive electrical parts, safety products, suspension products and engine accessories in China, today announced that, as expected, it received a notification letter from the NASDAQ Stock Market ("Nasdaq") indicating that the Company was not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of periodic reports with the U.S. Securities and Exchange Commission (the "Nasdaq Letter"). The Company received the Nasdaq Letter because it has not timely filed its annual report on Form 10-K for the fiscal year ended December 31, 2010. The Nasdaq Letter has no immediate effect on the listing or trading of Wonder Auto's common stock on Nasdaq.

As previously announced in the Company's Form 12b-25 filed with the U.S. Securities and Exchange Commission on March 17, 2011, the filing of the Company's 10-K for the year ended December 31, 2010 has been delayed due to the Company's determination that its financial statements as of and for the years ended December 31, 2008 and 2009, included in its Annual Report on Form 10-K for the year ended December 31, 2009, as well as the financial statements included in its Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30 during each of the years 2008 and 2009, should no longer be relied upon due to a cutoff error regarding timing of revenue in such periods. The Company is continuing to evaluate the impact of the cutoff errors on its financial results for the year ended December 31, 2010 and on its internal control over financial reporting as of December 31, 2010. Subject to the evaluation described above, the Company continues to expect to meet the guidance for revenue and profit for the year ended December 31, 2010 previously announced in its press release dated November 9, 2010.

The Company received the Nasdaq Letter on March 23, 2011. Pursuant to the Nasdaq Letter, the Company has 60 calendar days, or until May 23, 2011, to submit a plan to NASDAQ to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts Wonder Auto's plan of compliance, NASDAQ may grant the Company an extension of up to 180 calendar days from the due date of the annual report on Form 10-K, or until September 12, 2011, to regain compliance.

 

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