Sino Clean Energy Inc. (SCEI) Q1 2011 Earnings Conference Call May 18, 2011 10:00 AM EST Executives Ted Haberfield – EVP, HC International Baowen Ren – CEO Zhixin Jing [ph] – Assistant to the CEO Wendy Fu – CFO Presentation Operator Good day ladies and gentlemen, thank you for standing by. Welcome to the Sino Clean Energy 2011 first quarter financial results conference call.
All such forward looking statements whether written or oral being on behalf of the company are expressively qualified by these cautionary statements and such forward looking statements are subject to risks and uncertainty. And we caution you not to place undue reliance on this.During the call today the company will discuss non-GAAP financial measures as such the calculation which address operating income, net income or earnings per share which should not include this charge or non-GAAP in nature and solely to help investors to have visibility to the financial matrices which are reflective of the operations which shouldn’t be relied on for making informed decisions and as again we would like to point you to the SEC filings and subsequent notes. With this statement is very important, due to the ongoing litigation against Alfred Little and Geoinvesting. The company’s attorneys have advised management against making any statements concerning the allegations made against the company in those reports. We hope that the company actions confirm how seriously they take the situation so they will not be doing a question and answering session at the end of this call. So I would like to correct the operator there. Given the inability to differentiate the questions from the listeners on the call we will not hold discussion of answering session after the prepared remarks instead the company is asking all investors to submit any questions they have regarding their operations and or financial results for the first quarter results by Wednesday May 18 th at midnight. The company will consolidate the applicable response and then submit an 8-K by this Friday May 20 th. Please send all questions via email to Ted Haberfield at HC international. The email address is firstname.lastname@example.org that’s email@example.com that email address can also be found at the adjacent press release that was issued yesterday. Management appreciates your understanding for the protocol covering this call. At this time I would like to turn the call over to Mr. Ren who will be providing brief opening remarks in Mandarin and Mr. Zhixin Jing will interpret. Mr. Ren the floor is now yours. Baowen Ren [Interpreted]
Thanks Ted and thank you everyone for joining us for an update on our financial results for the first quarter of 2011. We are pleased with our strong revenue growth and operating performance for the quarter as we achieved a record result due to strong growth in sales for our coal water slurry fuel or CWSF. Ms. Wendy Fu will be providing our detailed financial results for the first quarter of 2011 and Mr. Ted will finish up by discussing our growth, strategy and outlook as on being one of the leading producers and distributors of CWSF in China.I would now like to turn the call over to Mr. Zhixin Jing and Ms. Wendy Fu for additional commentary. Zhixin Jing Okay. Thank you, Mr. Ren. This is Zhixin Jing, the Assistant to the CEO. I’ll give a brief introduction to Sino Clean Energy business and then discuss our first quarter financial results. We are pleased with our strong operating results for the first quarter of 2011 as reflected in the growth in our sales, operating income and cash flows. The early successes we have experienced first and foremost our production in our new 300,000 ton facility in Guangdong signing nine customers to deliver approximately 404,000 tons of CWSF over the next years, reaffirm our confidence in the long term growth opportunities we have in this market. Read the rest of this transcript for free on seekingalpha.com