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Puda Coal, Inc.PUDA

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Operating Data ($ amounts in 000's except per share data)Share Count Operating Margins as a Percentage of Sales

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Fiscal Year End 12-31Sales% Incr. (Decr.)Operating Income (Loss)% Incr. (Decr.)Net Income (Loss) Before Taxes% Incr. (Decr.)Net Income (Loss) % Incr. (Decr.) Diluted EPS (Loss)% Incr. (Decr.)Diluted Shares O/S (000's)Gross Profit Selling, G&A All Other Oper. Expn's Operating Income (Loss) Net Income (Loss) Before Taxes Net Income (Loss)

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Yrs

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2005$51,710162.0%$10,08368.6%$4,404-20.8%($1,752)-147.4%($0.16)-145.1%11,08222.6%3.1%0.0%19.5%8.5%-3.4%

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2006137,771166.4%22,772125.8%8,958103.4%(1,363)22.2%(0.12)24.9%11,47520.6%4.1%0.0%16.5%6.5%-1.0%

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2007165,26720.0%23,4252.9%19,166114.0%10,874897.8%0.76737.1%14,37017.3%3.1%0.0%14.2%11.6%6.6%

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2008242,33846.6%24,9386.5%23,47822.5%17,06156.9%1.1248.0%15,22912.5%2.2%0.0%10.3%9.7%7.0%

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2009214,066-11.7%14,537-41.7%9,131-61.1%5,481-67.9%0.36-67.9%15,5938.5%1.7%0.0%6.8%4.3%2.6%

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Qtr's

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2010

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Q1$61,97124.6%$9,078207.4%$7,776172.2%$5,444157.3%$0.29112.8%18,59416.6%1.9%0.0%14.6%12.5%8.8%

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Q282,31971.5%10,419291.0%11,385367.6%8,653400.5%0.42277.8%20,36014.7%2.0%0.0%12.7%13.8%10.5%

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Q3

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Q4

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YTD$144,290 $19,497 $19,161 $14,097 $0.72 15.5%2.0%0.0%13.5%13.3%9.8%

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Note: The % Increase (Decrease) is based on a comparison with the same period (year or quarter) in the prior year.

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Cash Flow Data Share Price Data Valuation Metrics and Information Dividend Info Net IncomeOther Consensus Estimates

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Fiscal Year End 12-31Cash Flow From (Used) 000's)Cash Flow (Used) Per ShareShare Price End of PeriodShare Price High (During Period)Share Price Low (During Period)Market CapMarket Cap / by Annual SalesPrice Earnings Ratio TTMEPS Growth Rate TTM / PE Ratio Dividend Yield TTMAmt.% Return On Equity% Return Total AssetsLiab.'s as % of EquityRevenueEPS (Loss) Per SharePeriod Covered

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YrsLatest estimates as of 09-29-10

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2005$1,577$0.14$15.05$20.58$12.95$166,7813.2(95.2)1.5 -57.4%-7.5%667.9%Q-1 2010

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200611,2960.989.3844.458.96107,6330.8(79.0)(0.3)0.0%0.00-9.4%-2.5%173.4%Q-2 2010

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2007(4,013)(0.28)5.5518.135.3979,7670.57.3100.50.0%0.0030.4%15.1%67.3%76,5000.33Q-3 2010

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200826,5131.741.336.440.4920,2540.11.240.40.0%0.0028.2%19.0%36.5%79,4000.36Q-4 2010

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20091,4230.097.358.801.12114,6100.520.4(3.3)0.0%0.007.0%5.2%32.4%300,1901.42Year 2010

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Qtr's

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2010

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Q1$13,270$0.71$8.92$10.79$4.80165,8610.717.5(2.8)0.0%$0.0022.7%17.5%26.6%Q-1 2011

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Q23,1370.157.3311.907.33149,2400.68.9(1.2)0.0%0.0029.0%20.6%52.9%Q-2 2011

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Q3Q-3 2011

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Q4Q-4 2011

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YTD$16,407$0.87319,8402.00Year 2011

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Through its indirect equity ownership in Shanxi Puda Coal Group Co., Ltd., supplies metallurgical coking coal to the industrial sector in the People's Republic of China. Its processed coking coal is used by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Recently, the Company entered the businss of mining coal. The company was founded in 2004 and is headquartered in Taiyuan, the People's Republic of China.

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Balance Sheet Information (000's) - Assets, Liabilities & Shareholders Equity Per Share Information Other Info & Metrics

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Fiscal Year End 12-31Cash, Marketable Securities & InvestmentsAccounts Receivable - TradeInventoryFixed Assets - Net of Accum. DeprctnGoodwill & IntangiblesAll Other AssetsTotal AssetsTotal LiabilitiesStock- holders EquityTotal Liabilities & Stock- holders EquityShare Price End of PeriodNet Book Value Per Diluted SharesCash, Mrktble Secur & Invstmnts Per ShrNet Book Per Share Excldng IntngblsEPS Amount TTMDiluted EPS (Loss) TTM % Incr. (Decr.)Price Earnings Ratio TTMEarnings Yield TTMDividend Yield TTM

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Yrs

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2005$12,682$4,224$7,559$10,823$3,807$7,606$46,701$40,619$6,082$46,701$15.05$0.55$1.14$0.21($0.16)-145.1%(95.2)-1.1%

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200625,1767,18615,6639,8703,7291,36062,98439,94723,03762,9849.382.012.191.68(0.12)24.9%(79.0)-1.3%0.0%

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200716,6148,13735,95315,0183,4842,05881,26432,68348,58181,2645.553.381.163.140.76737.1%7.313.6%0.0%

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200839,10814,64521,58913,3703,3996,52198,63226,35572,27798,6321.334.752.574.521.1248.0%1.284.2%0.0%

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200919,91825,34022,53113,9863,94525,481111,20127,24283,959111,2017.355.381.285.130.36-67.9%20.44.9%0.0%

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Qtr's

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2010

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Q1$49,393$25,835$20,034$13,566$3,923$24,317$137,068$28,834$108,234$137,068$8.92$5.82$2.66$5.61$0.51-48.6%17.55.7%0.0%

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Q270,33934,50515,58255,1093,92720,128199,59069,066130,524199,5907.336.413.456.220.82-10.7%8.911.2%0.0%

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Q3

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Q4

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Source: "Joseph Levy" <resgroweq@gmail.com>ProjectedDate/Earn Yld Price Consensus Est. FYE 20101.42294.4%5.020.1%

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PE Ratio9/29/10$7.33 Consensus Est. FYE 20112.0040.8%3.528.4%

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7.014.3%$ 9.94Fair Price FYE 2010TTM = Trailing Twelve Months

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6.016.7% $ 12.00Fair Price FYE 2011