EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2010

Note 18 - Earnings Per Share

The Company presents earnings per share on a basic and diluted basis. Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share have been computed by dividing net earnings plus convertible preferred dividends and interest expense (after-tax) on convertible debt by the weighted average number of common shares outstanding including the dilutive effect of equity securities. The weighted average number of common shares calculated for diluted EPS excludes the potential common stock that would be exercised under the options and warrants granted to officers because the inclusion of the potential shares from these options and warrants would cause an anti-dilutive effect by increasing the net earnings per share.

On February 22, 2011, the Company effectuated a 1 for 100 reverse stock split of its common stocks. All references to number of shares, except shares authorized, and to per share information in the consolidated financial statements have been adjusted to reflect the reverse stock split on a retroactive basis.


	Three Months Ended September 30,
	2011		2010

Net income attributable to CHPC	$	218,603	$	363,376

Weighted average common shares		125,000		120,000
(denominator for basic income per share)

Effect of dilutive securities		-		-

Weighted average common shares		125,000		120,000
(denominator for diluted income per share)

Basic earnings per share	$	1.75	$	3.02
Diluted earnings per share	$	1.75	$	3.02

	Nine Months Ended September 30,
	2011		2010

Net income attributable to CHPC	$	602,965	$	492,000

Weighted average common shares		125,000		120,000
(denominator for basic income per share)

Effect of dilutive securities		-		-

Weighted average common shares		125,000		120,000
(denominator for diluted income per share)

Basic earnings per share	$	4.82	$	4.10
Diluted earnings per share	$	4.82	$	4.10