INCOME PER SHARE

6 Months Ended

Jun. 30, 2011

19.

INCOME PER SHARE

The basic earnings per share were calculated using the net income and the weighted average number of shares outstanding during the reporting periods. All share and per share data have been adjusted to reflect the recapitalization of the Company in the Exchange, the forward stock split and the reverse stock splits.

The fully diluted earnings per share were calculated using the net income and the weighted average number of shares outstanding on the fully diluted basis during the reporting periods. The denominator for fully diluted earnings per share calculation includes 500,000 warrants granted for services rendered during the fourth quarter of 2009 and 500,000 warrants granted for services rendered during the second quarter of 2010. All share and per share data have been adjusted to reflect the recapitalization of the Company in the Exchange, the forward stock split and the reverse stock splits.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

China Shandong Industries, Inc. 10-Q