Company Information

  

Address: XIN FENGGE BUILDING
SHISHI CITY 
City: FUJIAN PROVINCE 362700 
State:  
Zip Code: 362700 
Telephone: (86) 595 8889 6198 

Description of Business

Primary SIC Code: 5130
(As filed with the SEC)  

We are a Republic of the Marshall Islands Company incorporated under the Marshall Islands Business Corporations Act ("BDA") on January 26, 2012. We were originally organized under the name "Aquasition Corp." for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, or similar acquisition transaction, one or more operating businesses or assets. The address of the Company's principal executive office is Xingfengge Building, Baogaiyupu Industrial Park, Shishi City, Fujian Province of china.. On March 24, 2014, we entered into a share exchange agreement and plan of liquidation (the "Exchange Agreement"), with KBS International, Hongri International, a then wholly owned subsidiary of KBS International and Cheung So Wa and Chan Sun Keung, each an individual and shareholder of KBS International (each, a "Principal Stockholder"). The Exchange Agreement was subsequently amended on June 21, 2014.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2017-7.96NAN/E
12/2016-101.99NAN/E
12/201511.25NA3.73

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-2.22Total Liab/Total Assets0.09
Net Inc/Total Assets-0.18Total Liab/Inv Cap0.10
Net Inc/Inv Cap-0.20Total Liab/Comm Equity1.09
Pretax Inc/Net Sales-0.82Interest Coverage Ratio-200.42
Net Inc/Net Sales-0.62Curr Debt/Equity0.02
Cash Flow/Net Sales0.08LTD/EquityNA
SG&A/NetSales0.33Total Debt/Equity0.02
Asset Utilization   Liquidity  
Net Receivables Turnover1.15Quick Ratio5.29
Inventory Turnover16.57Current Ratio5.54
Inventory Day Sales0.05Net Rec/Curr Assets0.31
Net Sales/Work Cap0.72Inv/Curr Assets0.04
Net Sales/PP&E0.85  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 23.76 41.20 61.34 58.83
Cost of Goods Sold 35.27 39.04 46.51 39.42
Selling & Admin Exps 7.81 17.72 13.00 13.62
Operating Income -19.32 -15.56 1.84 5.79
Interest Exp 0.10 0.07 0.00 0.02
Pretax Income -19.41 -15.63 1.85 9.18
Other Income 0.00 0.00 0.01 3.42
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -14.82 -11.90 1.24 6.88

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 26.05 24.58 21.21 20.60
Receivables - Total 12.40 28.85 36.74 39.52
Inventories - Total 1.81 2.45 3.53 0.79
Total Current Assets 40.34 56.34 62.08 61.94
Net Property, Plant & Equipment 27.82 26.76 30.54 33.32
Total Assets 81.31 91.10 109.32 114.87
Liabilities        
Accounts Payable 5.61 6.18 8.50 9.23
Debt in Current Liabilities 1.61 1.51 0.00 NA
Total Current Liabilities 7.28 7.70 8.50 9.23
Long-Term Debt NA NA NA NA
Total Liabilities 7.28 7.70 8.50 9.25
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings 64.15 78.96 90.88 89.89
Treasury Stock NA NA NA NA
Total Stockholders' Equity 74.03 83.40 100.82 105.62
Total Liabilities and Stockholders' Equity 81.31 91.10 109.32 114.87

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 1.92 3.19 2.23 -3.56
Net Cash Provided by Investing Activities -0.87 0.05 -0.93 -17.54
Net Cash Provided by Financing Activities -1.10 1.68 0.33 -1.77

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201399.5625.42--
12/201458.836.88--
12/201561.341.2411.25
12/201641.20-11.90-101.99
12/201723.76-14.82-7.96
Growth Rates-30.10----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18400.02




Report Date : 7/16/2018

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