Company Information

  

Address: 21ST FLOOR, EVERBRIGHT BANK BUILDING
ZHUZILIN, FUTIAN DISTRICT 
City: SHENZHEN, GUANGDONG 
State:  
Zip Code: 518040 
Telephone: (86) 755 8370 8333 

Description of Business

Primary SIC Code: 7372
(As filed with the SEC)  

The current legal and commercial name of the Company is China Information Technology, Inc. The Company was incorporated in the BVI under the BVI Act on June 18, 2012. The address of our principal place of business is 21st Floor, Everbright Bank Building, Zhuzilin, Futian District, Shenzhen, Guangdong Province 518040, People's Republic of China. Our telephone number is (+86) 755-8831-9888. The name and address of our agent for service in the United States is Corporation Service Company, 80 State Street, Albany, NY 12207-2543. Corporate History Our predecessor company, CITN, was originally organized under the laws of the State of Florida on September 19, 1979 under the name Mark Thomas Publishing Inc. On April 29, 2003 we changed our name to Irish Mag, Inc. From our inception through October 8, 2006, we provided consulting services in the offset printing industry, targeting individual retail consumers as well as small to medium sized companies.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2016-0.45NAN/E
12/2015-0.26NAN/E
12/2013-4.36NAN/E
06/2013-3.20NAN/E
12/2012-3.32NAN/E
09/2012-1.15NAN/E
06/2012-0.97NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.13Total Liab/Total Assets0.89
Net Inc/Total Assets-0.53Total Liab/Inv Cap14.89
Net Inc/Inv Cap-8.85Total Liab/Comm Equity0.22
Pretax Inc/Net Sales-1.81Interest Coverage Ratio-36.01
Net Inc/Net Sales-1.78Curr Debt/Equity2.93
Cash Flow/Net Sales-0.28LTD/EquityNA
SG&A/NetSales0.95Total Debt/Equity2.93
Asset Utilization   Liquidity  
Net Receivables Turnover3.29Quick Ratio0.66
Inventory Turnover4.20Current Ratio0.73
Inventory Day Sales0.01Net Rec/Curr Assets0.19
Net Sales/Work Cap-1.78Inv/Curr Assets0.09
Net Sales/PP&E1.18  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 10.19 10.28 38.63 55.42
Cost of Goods Sold 7.61 6.38 28.15 45.87
Selling & Admin Exps 9.68 13.89 25.08 93.59
Operating Income -14.58 -26.96 -23.91 -118.22
Interest Exp 0.50 3.12 5.86 4.93
Pretax Income -18.47 -4.39 -29.09 -119.97
Other Income -3.39 25.69 0.68 3.18
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -18.17 -7.50 -29.23 -119.24

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 3.75 4.66 17.84 21.43
Receivables - Total 3.02 3.18 7.14 24.82
Inventories - Total 1.48 2.14 3.96 15.66
Total Current Assets 15.65 33.89 84.28 81.21
Net Property, Plant & Equipment 8.67 8.37 29.19 31.53
Total Assets 34.29 66.09 179.41 189.24
Liabilities        
Accounts Payable 10.54 13.22 15.79 29.95
Debt in Current Liabilities 10.85 22.32 82.51 98.04
Total Current Liabilities 21.38 35.54 140.32 127.99
Long-Term Debt NA NA 0.21 0.31
Total Liabilities 30.58 45.05 158.47 149.72
Stockholder's Equity        
Minority Interest 9.09 9.41 17.65 20.66
Preferred Stock NA NA NA NA
Common Stock 0.43 0.42 0.34 0.31
Retained Earnings -173.15 -154.98 -142.91 -113.51
Treasury Stock -7.12 -7.12 -4.29 -4.81
Total Stockholders' Equity 3.71 20.68 19.51 37.35
Total Liabilities and Stockholders' Equity 34.29 65.73 177.98 187.06

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities -2.82 -25.91 -12.63 -11.38
Net Cash Provided by Investing Activities 9.10 42.08 6.32 -3.23
Net Cash Provided by Financing Activities -7.15 -24.14 6.40 14.72

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201286.38-89.63-3.32
12/201355.42-119.24-4.36
12/201438.63-29.23--
12/201510.28-7.50-0.26
12/201610.19-18.17-0.45
Growth Rates-41.39----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1794351.08




Report Date : 10/16/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.