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2009-11-30 07:00:00

HUIZHOU, China, Nov. 30 /PRNewswire-Asia-FirstCall/ - Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) (the "Company" or "XING"), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, China today announced that the Company has sold the 4% Senior Convertible Notes due 2011 (the "Notes") of its subsidiary Qiao Xing Mobile Communication Co., Ltd (NYSE: QXM) (the "Subsidiary"), which it owns, back to the Subsidiary. The Subsidiary paid the US$30 million...

2009-11-19 08:10:00

HUIZHOU, China, Nov. 19 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING; the "Company") announced today that the Company has updated its investor relations website ( http://www.cosun-xing.com ) to reflect its diversified business and its strategy of becoming a pure resources company. Mr. Wu said, "The updated website will better reflect our current business and our strategy. Specifically, we have posted a video of our molybdenum processing. You can...

2009-11-04 06:40:00

HUIZHOU, China, Nov. 4 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) (the "Company") announced today that the Company has completed the restructuring of its unsecured convertible notes in the aggregate principal amount of USD26 million issued on October 31, 2006 ("the 2006 Notes"). The Company and the two holders of the 2006 Notes started negotiations with respect to the restructuring prior to the Maturity Date and agreed to the basic terms and...

2009-10-29 07:20:00

BEIJING, Oct. 29 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) ("QXM" or the "Company"), a domestic manufacturer of mobile handsets in China, today announced its unaudited second quarter financial results for the three months ended June 30, 2009. Second Quarter 2009 Results -- Revenues were RMB578.9 million (US$84.8 million) compared to RMB383.7 million in 2Q08. -- Handset shipments were 658,000 units compared to 566,000 units in...

2009-09-01 21:30:00

HUIZHOU, Guangdong, China, Sept. 1 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) today announced that it has signed a letter of intent ("LOI") with Dragon Fu Investment Limited ("DFIL") in connection with a proposed sale of its subsidiary, Qiao Xing Communication Holdings Limited. Qiao Xing Communication Holdings Limited ("QXCH"), which is primarily specialized in the indoor phone and low-end mobile phone business via its subsidiary Huizhou Qiao...

2009-08-25 05:00:00

HUIZHOU, Guangdong, China, Aug. 25 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) today announces its un-audited first quarter financial results for the three months ended March 31, 2009. Financial Review of Operations for the First Quarter of 2009 Highlights -- Net sales were RMB513.3 million (US$75.1 million) compared to RMB764.4 million in the first quarter of 2008. -- Gross margin was 16.8% compared to 28.0% in the first...

2009-08-12 07:20:00

BEIJING, Aug. 12 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) ("Qiao Xing Mobile" or "the Company"), a domestic manufacturer of mobile handsets in China, today announced its unaudited financial results for the three months ended March 31, 2009. First Quarter 2009 Results -- Revenues were RMB460.8 million (US$67.4 million) compared to RMB604.5 million in 1Q08 -- Gross margin was 17.9% compared to 31.4% in 1Q08 -- Net income...

2009-07-27 07:00:00

HUIZHOU, China, July 27 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) today presents an overview of the recent developments in the resources industry. Molybdenum Mining and Processing Business Goes on Smoothly In June 2009, Chifeng Haozhou Mining Co., Ltd held testing operations for 6 consecutive days. During the testing period, the production capacity reached the level of processing 1260 tons of molybdenum ore per day. It is expected that in...

2009-07-16 01:00:00

HUIZHOU, Guangdong, China, July 16 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) today announced its Fiscal Year 2008 financial results and the filing of its 2008 Annual Report on Form 20-F. Primarily due to the global economic downturn and the earthquake that took place in the Sichuan province of China in May 2008, our net sales revenue declined from Rmb3,874.1 million for the fiscal year 2007 to Rmb2,594.9 million (US$380.4 million) for the...

2009-06-30 20:48:00

BEIJING, June 30 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Mobile Communication Co., Ltd. ("Qiao Xing Mobile" or the "Company") (NYSE: QXM), a domestic manufacturer of mobile handsets in China, today announced its revised financial results for the fourth quarter and the full year ended December 31, 2008. After the Company's earnings release on May 12, 2009, Qiao Xing Mobile continued to finalize its full year 2008 financial results and determined that it was necessary to record a...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'