Dallas, Texas 09/27/2013 (Financialstrend) – WONDER INTL (OTCBB:WIEI) stock trading as been temporarily suspended since September 18, when the share had bottomed out at $0.48 per share. This was after a 3% dip in its share value from its previous day close of $0.495 per share. The company has a market capitalization of $9.6 million with 20 million shares outstanding.
This stock performance is in direct contrast to the strong second quarter results which were declared in early August. It has an asset base of $1.2 million with a stock holder’s equity of $45.89 million for the just concluded quarter. It had recorded revenue of $4.9 million and gross profit of $3.6 million for the same quarter. Its net income was $2.65 million. It was also able to generate healthy $3.53 million net cash from its operations during 1H of this year. Its net income was up 11.1% in 1H to $4.69 million thanks to a reduction of $3.4 million in its advertising costs over the previous year. The total comprehensive income from all its operations was a healthy $5.6 million for the first half of the year. Over all WIEI was able to generate an income per share of $0.23 per share.
Probably in order to better manage its relationships with the regulators and stock exchange, WIEI has brought in the services of Mr. Norman Klein as a new director. Mr Klein has had extensive experience in senior management positions over the past 20 years having served as CFO at ATC Technology Group in the past.
Wonder International is a holding firm of subsidiary “Anhui Lang Wen Tian Cheng Consulting & Management Co Itd”(WFOE) which provides vocational education through seven institution spread across China. These institutions provide a conducive environment for students to enhance their information technology related skills.