Company Information

  

Address: JINHUA CITY INDUSTRIAL ZONE
ZHEJIANG PROVINCE 
City: JINHUA 
State:  
Zip Code: 321016 
Telephone: (86-0579) 82239851 

Description of Business

Primary SIC Code: 3711
(As filed with the SEC)  

The Company was mainly engaged in the development, production and distribution of the electric vehicle ("EV") products, EV parts and off-road vehicle products. Our Organizational Structure The Company's organizational chart as of March 8, 2018 is as follows: [[Image Removed]] 1 Please refer to the discussion in NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES under Item 8 Notes to Consolidated Financial Statements for our organization structure and operating subsidiaries. Industry Overview Supported by the Chinese government's endorsement and driven by its focus on petroleum resource independence, environmental protection and the "Made in China 2025" industrial upgrade, the electric vehicle sector is the most promising segment in the Chinese auto industry. China has become the largest new energy vehicle market in the world.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-0.01NAN/E
12/2017-0.59NAN/E
09/2017-0.90NAN/E
06/2017-0.95NAN/E
03/2017-0.65NAN/E
12/2016-0.14NAN/E
09/20160.06NA91.50
06/20160.12NA59.58

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.12Total Liab/Total Assets0.49
Net Inc/Total Assets-0.06Total Liab/Inv Cap1.12
Net Inc/Inv Cap-0.15Total Liab/Comm Equity0.92
Pretax Inc/Net Sales-0.31Interest Coverage Ratio-12.86
Net Inc/Net Sales-0.28Curr Debt/Equity0.27
Cash Flow/Net Sales-0.03LTD/Equity0.14
SG&A/NetSales0.12Total Debt/Equity0.41
Asset Utilization   Liquidity  
Net Receivables Turnover0.49Quick Ratio1.20
Inventory Turnover6.34Current Ratio1.29
Inventory Day Sales0.02Net Rec/Curr Assets0.84
Net Sales/Work Cap1.91Inv/Curr Assets0.07
Net Sales/PP&E1.58  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 8.34 42.85 28.35 27.33
Cost of Goods Sold 6.99 37.76 23.52 23.57
Selling & Admin Exps 0.35 -0.25 2.41 1.96
Operating Income 0.24 4.28 1.76 -3.35
Interest Exp 0.55 0.52 0.60 0.55
Pretax Income 4.22 6.31 2.70 -11.69
Other Income 3.74 0.65 1.09 0.94
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.73 5.45 1.92 -11.56

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 8.53 16.11 24.30 30.12
Receivables - Total 191.39 199.69 201.19 200.84
Inventories - Total 17.44 15.98 15.18 13.43
Total Current Assets 224.10 238.31 246.13 248.71
Net Property, Plant & Equipment 72.93 65.08 60.64 57.19
Total Assets 465.72 438.33 443.89 427.40
Liabilities        
Accounts Payable 124.98 121.09 139.89 118.09
Debt in Current Liabilities 44.70 61.12 58.83 69.30
Total Current Liabilities 173.98 184.60 200.84 191.88
Long-Term Debt 31.85 30.74 30.06 29.50
Total Liabilities 212.44 215.34 230.89 221.39
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.05 0.05 0.05 0.05
Retained Earnings -0.07 -3.80 -9.25 -11.17
Treasury Stock NA NA NA NA
Total Stockholders' Equity 253.29 222.99 213.00 206.02
Total Liabilities and Stockholders' Equity 465.72 438.33 443.89 427.40

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -1.09 -2.52 1.04 11.93
Net Cash Provided by Investing Activities -3.99 -5.74 5.09 0.44
Net Cash Provided by Financing Activities -3.07 9.40 -10.06 -8.28

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201394.54-21.14-0.61
12/2014170.2312.270.29
12/2015201.0714.670.31
12/2016129.49-6.51-0.14
12/2017102.81-28.35-0.59
Growth Rates2.12----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18601,8693.67




Report Date : 7/16/2018

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