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China Information Technology, Inc. Announces Third Quarter 2011 Results
Date:11/9/2011

30,September 30,September 30,2011201020112010Revenue - Products$

13,042,469$

12,643,172$

32,162,844$

26,462,653Revenue - Software6,852,44729,474,26329,999,60567,059,131Revenue - System integration8,134,1101,347,98420,189,8277,617,390Revenue - Others433,545340,712946,8221,488,952TOTAL REVENUE28,462,57143,806,13183,299,098102,628,126Cost - Products sold10,315,50410,725,20324,910,65821,779,326Cost - Software sold2,534,25611,314,5858,921,14827,973,686Cost - System integration5,983,569621,31014,097,7623,667,840Cost - Others143,89459,440306,786205,922TOTAL COST18,977,22322,720,53848,236,35453,626,774GROSS PROFIT9,485,34821,085,59335,062,74449,001,352Administrative expenses(5,181,609)(5,449,209)(11,061,388)(10,840,741)Research and development expenses(1,106,500)(937,774)(2,990,237)(2,067,854)Selling expenses(1,831,845)(1,697,564)(5,270,739)(4,401,337)INCOME FROM OPERATIONS1,365,39413,001,04615,740,38031,691,420Subsidy income475,0266,521592,530438,201Other (loss) income, net(109,459)350,8741,481,792992,973Interest income119,86122,024254,80751,318Interest expense(943,947)(548,184)(2,420,600)(960,832)INCOME BEFORE INCOME TAXES906,87512,832,28115,648,90932,213,080Income tax expense(11,807)(2,361,593)(1,331,765)(5,696,285)NET INCOME895,06810,470,68814,317,14426,516,795Less: Net loss (income ) attributable to the non-controlling interest32,759139,080434,703(273,850)  NET INCOME ATTRIBUTABLE TO THE COMPANY$

927,827$10,609,768$14,751,847$26,242,945Weighted average number of sharesBasic53,801,84151,466,92752,994,32851,377,933Diluted53,801,84151,466,92752,994,32851,377,933Earnings per share - Basic and DilutedBasic - Net income attributable to the Company's common stockholders$

0.02$

0.21$

0.28$

0.51Diluted - Net income attributable to the Company's common stockholders$

0.02$

0.21$

0.28$

0.51CHINA INFORMATION TECHNOLOGY, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPR
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SOURCE China Information Technology, Inc.
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