Exhibit 99.1
 
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SINOHUB, INC. REPORTS RECORD FOURTH QUARTER
AND FULL-YEAR 2009 FINANCIAL RESULTS; PROVIDES GUIDANCE
FOR FULL-YEAR 2010
 
Fourth quarter 2009 revenues increased 61.6% to $42.8 million; net income increased 24.5 % to $3.7 million, with EPS of $0.13
2009 revenues increased 61.6% to $128.4 million; net income increased 45.8% to $12.4 million, with EPS of $0.48
Full-year 2010 revenue guidance of $180 million, an increase of 40% Year-Over-Year

SANTA CLARA and SHENZHEN, CHINA, March 31, 2010
– SinoHub, Inc. (NYSE Amex: SIHI), a leading provider of supply chain management services for participants in the electronic components supply chain in China, today reported financial results for the fourth quarter and year ended December 31, 2009 and provided full-year revenue guidance for 2010.
 
Summary Financials
 
Fourth Quarter 2009 Results (USD) (unaudited)
(three months ended December 31,)
Q4 2009
Q4 2008
CHANGE
Sales
$42.8 million
$26.5 million
+61.6%
Gross Profit
$6.4 million
$6.3 million
+1.9%
Net Income
 $3.7 million
$2.9 million
+24.5%
Fully diluted EPS
$0.13
$0.12
+8.3%

Full-year 2009 Results (USD)
(years ended December 31, )
2009
2008
CHANGE
Sales
$128.4 million
$79.5 million
+61.6%
Gross Profit
$22.4 million
$16.2 million
+38.1%
Net Income
$12.4 million
$8.5 million
+45.8%
Fully diluted EPS
$0.48
$0.40
+20.0%

Fourth Quarter 2009 Results

Sales – Total revenues for fourth quarter 2009 advanced 61.6% to $42.8 million from $26.5 million for the fourth quarter of 2008.  Revenues from electronic component sales, including procurement-fulfillment and spot component sales, increased more than 68.2% to $40.1 million for fourth quarter 2009 from $23.9 million for the same period last year.  Revenues from the Company's supply chain management services business were $2.6 million for the 2009 fourth quarter, and flat compared to the fourth quarter of 2008.
 

The following information was filed by Sinohub, Inc. (SIHI) on Wednesday, March 31, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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