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: * Electric vehicles ("EV"), such as electric cars, electric buses, hybrid electric cars and buses; * Light electric vehicles ("LEV"), such as electric bicycles, electric motors, sight-seeing cars; and * 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").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-0.92NAN/E
12/2017-0.92NAN/E
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: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.14Total Liab/Total Assets0.99
Net Inc/Total Assets-0.14Total Liab/Inv Cap6.99
Net Inc/Inv Cap-0.99Total Liab/Comm Equity1.00
Pretax Inc/Net Sales-0.37Interest Coverage RatioNA
Net Inc/Net Sales-0.37Curr Debt/Equity6.67
Cash Flow/Net Sales0.11LTD/Equity8.88
SG&A/NetSales0.13Total Debt/Equity15.54
Asset Utilization   Liquidity  
Net Receivables Turnover1.95Quick Ratio0.65
Inventory Turnover5.09Current Ratio0.73
Inventory Day Sales0.02Net Rec/Curr Assets0.67
Net Sales/Work Cap-1.84Inv/Curr Assets0.12
Net Sales/PP&E0.97  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 3.31 30.57 17.75 6.34
Cost of Goods Sold 3.66 37.50 19.11 7.83
Selling & Admin Exps 1.34 2.25 2.46 1.62
Operating Income -2.41 -11.28 -4.20 -3.63
Interest Exp 0.17 NA -0.10 0.09
Pretax Income -2.57 -11.44 -4.20 -3.75
Other Income 0.02 -0.00 -0.01 -0.03
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -2.57 -11.44 -4.20 -3.75

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 1.25 1.64 0.13 1.97
Receivables - Total 44.31 57.52 30.58 10.15
Inventories - Total 11.61 9.83 18.25 16.75
Total Current Assets 74.99 85.24 58.64 40.54
Net Property, Plant & Equipment 65.68 59.99 57.26 55.78
Total Assets 148.80 153.13 123.66 103.98
Liabilities        
Accounts Payable 95.71 102.13 66.25 41.87
Debt in Current Liabilities 17.85 14.64 13.30 14.77
Total Current Liabilities 113.72 116.92 79.70 56.78
Long-Term Debt 20.21 19.49 19.05 18.70
Total Liabilities 148.96 150.94 110.14 86.69
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.03 0.03 0.03 0.03
Retained Earnings -166.03 -163.47 -152.02 -147.82
Treasury Stock -4.07 -4.07 -4.07 -4.07
Total Stockholders' Equity -0.15 2.20 13.52 17.29
Total Liabilities and Stockholders' Equity 148.80 153.13 123.66 103.98

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 2.41 12.69 -2.99 0.83
Net Cash Provided by Investing Activities -4.46 -10.13 0.76 -5.84
Net Cash Provided by Financing Activities 2.64 -1.06 0.38 6.66

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014123.0137.78--
12/201513.9015.87--
12/201610.37-12.651.24
12/20163.50-2.191.24
12/201758.38-21.47-0.92
Growth Rates-17.00----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18148843.37




Report Date : 7/16/2018

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