china hydroelectric cp-ads (CHC) Snapshot

China Hydroelectric Corporation Presents at 2nd Annual Marcum MicroCap Conference, May-30-2013 02:30 PM. Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Terminal, New York, NY 10017, United States.

China Hydroelectric Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of $12,375,000 against $9,912,000 for the same period last year. This increase was principally due to better than average hydrological conditions in Zhejiang and Fujian provinces in the current quarter compared to the fourth quarter of 2011. Operating loss was $3,682,000 against $36,005,000 for the same period last year. Loss before income tax expenses was $9,959,000 against $43,777,000 for the same period last year. Net loss from continuing operations was $9,250,000 or $0.06 per basic and diluted share against $43,396,000 or $0.21 per basic and diluted share for the same period last year. Net loss attributable to the company's shareholders was $8,064,000 or $0.05 per basic and diluted share against $34,330,000 or $0.21 per basic and diluted share for the same period last year. GAAP net loss per ADS-basic and diluted was $0.15 against $0.64 a year ago. Non-GAAP net loss was $7,130,000 or $0.04 per basic and diluted share against $11,197,000 or $0.07 per basic and diluted share for the same period last year. Non-GAAP net loss per ADS-basic and diluted was $0.13 against $0.21 a year ago. EBITDA attributable to the company's shareholders, as adjusted was $4,439,000 against $2,391,000 for the same period last year. For the year, the company reported revenues of $85,388,000 against $54,597,000 for the same period last year. This increase was principally due to better than average hydrological conditions in Zhejiang and Fujian provinces in the year 2012 compared to 2011 and a higher effective tariff rate due to the tariff increases at some of the projects in Fujian and Yunnan provinces. Operating income was $29,245,000 against operating loss of $28,591,000 for the same period last year. Income before income tax expenses was $1,395,000 against loss before income tax expenses of $53,481,000 for the same period last year. Net loss from continuing operations was $5,056,000 or $0.03 per basic and diluted share against $55,008,000 or $0.29 per basic and diluted share for the same period last year. Net loss attributable to the company's shareholders was $1,243,000 or $0.01 per basic and diluted share against $45,389,000 or $0.29 per basic and diluted share for the same period last year, principally due to more favorable hydrological conditions and a gain from the sale of the company's Yuanping hydroelectric power project, partially offset by the accrual of EGM-related costs and executive-level termination costs. GAAP net loss per ADS-basic and diluted was $0.02 against $0.87 a year ago. Non-GAAP net gain was $86,000 or $0.00 per basic and diluted share against non-GAAP net loss of $18,975,000 or $0.12 per basic and diluted share for the same period last year. Non-GAAP net gain per ADS-basic and diluted was $0.00 against non-GAAP net loss per ADS-basic and diluted of $0.36 a year ago. EBITDA attributable to the company's shareholders, as adjusted was $58,491,000 against $31,490,000 for the same period last year. Net cash provided by operating activities was $22,700,000 against $1,644,000 a year ago. Acquisition of property, plant and equipment was $7,091,000 against $1,490,000 a year ago.

China Hydroelectric Corporation announced that they will report Q4, 2012 results at 5:00 PM, China Standard Time on Apr 10, 2013