Company Information

  

Address: BAK INDUSTRIAL PARK, MEIGUI STREET
HUAYUANKOU ECONOMIC ZONE 
City: DALIAN 
State:  
Zip Code: 116422 
Telephone: (86)(411)6251-0619 

Description of Business

Primary SIC Code: 3690
(As filed with the SEC)  

Our Dalian manufacturing facilities began its partial commercial operations in July 2015. We are now engaged in the business of developing, manufacturing and selling new energy high power lithium batteries, which are mainly used in the following applications: º Electric vehicles ("EV"), such as electric cars, electric buses, hybrid electric cars and buses; º Light electric vehicles ("LEV"), such as electric bicycles, electric motors, sight-seeing cars; and º Electric tools, energy storage, uninterruptible power supply, and other high power applications. We have received most of the operating assets, including customers, employees, patents and technologies of our former subsidiary, BAK International (Tianjin) Ltd. ("BAK Tianjin"). Such assets were acquired in exchange for a reduction in receivables from our former subsidiaries that were disposed in June 2014.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20171.40NA1.07
06/20171.27NA1.06
03/20171.25NA1.08
12/20161.24NA1.13
09/2016-0.71NAN/E

Key Financial Ratios and Statistics

FYE: 09/30

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.09Total Liab/Total Assets0.84
Net Inc/Total Assets-0.14Total Liab/Inv Cap1.96
Net Inc/Inv Cap-0.32Total Liab/Comm Equity0.55
Pretax Inc/Net Sales-1.16Interest Coverage RatioNA
Net Inc/Net Sales-1.22Curr Debt/Equity0.39
Cash Flow/Net Sales-1.34LTD/Equity1.26
SG&A/NetSales0.55Total Debt/Equity1.65
Asset Utilization   Liquidity  
Net Receivables Turnover2.63Quick Ratio0.33
Inventory Turnover1.23Current Ratio0.68
Inventory Day Sales0.00Net Rec/Curr Assets0.07
Net Sales/Work Cap-0.68Inv/Curr Assets0.51
Net Sales/PP&E0.20  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 6.34 3.72 3.50 0.31
Cost of Goods Sold 7.83 4.13 3.97 1.23
Selling & Admin Exps 1.61 1.22 1.28 1.68
Operating Income -3.63 -2.07 -2.24 -5.20
Interest Exp 0.09 0.00 NA -0.05
Pretax Income -3.75 -2.07 -2.19 -5.29
Other Income -0.03 0.00 0.05 -0.14
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -3.75 -2.07 -2.19 -5.95

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 1.97 0.44 0.41 1.95
Receivables - Total 10.15 5.99 2.47 2.38
Inventories - Total 16.75 17.31 17.09 16.54
Total Current Assets 40.54 35.23 31.09 32.34
Net Property, Plant & Equipment 55.78 54.50 53.47 53.06
Total Assets 103.98 97.30 92.11 93.31
Liabilities        
Accounts Payable 41.87 39.35 37.45 41.50
Debt in Current Liabilities 14.77 17.49 11.96 5.89
Total Current Liabilities 56.78 56.98 49.56 47.58
Long-Term Debt 18.70 18.41 18.26 19.01
Total Liabilities 86.69 86.46 79.44 78.22
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.03 0.02 0.02 0.02
Retained Earnings -147.82 -144.07 -142.00 -139.80
Treasury Stock -4.07 -4.07 -4.07 -4.07
Total Stockholders' Equity 17.29 10.84 12.68 15.09
Total Liabilities and Stockholders' Equity 103.98 97.30 92.11 93.31

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 0.83 -4.32 -6.32 -13.95
Net Cash Provided by Investing Activities -5.97 -1.08 -1.55 3.11
Net Cash Provided by Financing Activities 6.66 5.43 6.41 9.69

Annual Summary Data (Millions)

Year Sales Net Income EPS
09/2012205.52-65.81--
09/2013185.55-116.03--
09/2014123.0137.78--
09/201513.9015.87--
09/201610.37-12.65-0.71
Growth Rates-52.61----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17125382.05




Report Date : 12/11/2017

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