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)  

Before 2013, the Company was mainly engaged in the development, production and distribution of the off-road vehicle products. Due to increasing market demand for new energy vehicles and strong government policy supports, starting in the year 2013, the Company gradually shifted its main business focus to the development and manufacturing of pure electric vehicle ("EV") products and parts. Also in 2013, the Company teamed with Geely Automobile Holdings Ltd. ("Geely") to set up a 50/50 joint venture (the "Joint Venture", or the "JV Company") to manufacture EVs. Pursuant to the Joint Venture agreement, all of the Company's EV production was to be transferred to the Joint Venture. This transfer was completed at the end of 2014. Beginning in 2015, the majority of the Company's revenue and profit were generated from the sale of EV parts. Our Organizational Structure The Company was incorporated under the laws of the State of Delaware on March 31, 2004.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/20160.18NA40.00
12/20150.31NA35.16

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.03Total Liab/Total Assets0.47
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.97
Net Inc/Inv Cap-0.03Total Liab/Comm Equity0.91
Pretax Inc/Net Sales-0.05Interest Coverage Ratio-2.18
Net Inc/Net Sales-0.05Curr Debt/Equity0.21
Cash Flow/Net Sales-0.38LTD/Equity0.12
SG&A/NetSales0.17Total Debt/Equity0.34
Asset Utilization   Liquidity  
Net Receivables Turnover0.71Quick Ratio1.42
Inventory Turnover7.53Current Ratio1.49
Inventory Day Sales0.03Net Rec/Curr Assets0.83
Net Sales/Work Cap1.50Inv/Curr Assets0.05
Net Sales/PP&E3.06  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 28.35 27.33 4.27 17.25
Cost of Goods Sold 23.52 23.57 3.61 15.35
Selling & Admin Exps 2.41 1.96 8.68 3.05
Operating Income 1.76 -3.35 -28.78 -26.44
Interest Exp 0.60 0.55 0.61 0.53
Pretax Income 2.70 -11.69 -28.93 -8.46
Other Income 1.09 0.94 5.63 25.61
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.92 -11.56 -24.15 -8.83

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 24.30 30.12 16.35 29.66
Receivables - Total 201.19 200.84 194.58 218.14
Inventories - Total 15.18 13.43 14.74 11.91
Total Current Assets 246.13 248.71 229.68 264.03
Net Property, Plant & Equipment 60.64 57.19 51.06 42.25
Total Assets 443.89 427.40 410.53 439.70
Liabilities        
Accounts Payable 139.89 118.09 111.64 122.21
Debt in Current Liabilities 58.83 69.30 51.27 49.06
Total Current Liabilities 200.84 191.88 164.42 177.68
Long-Term Debt 30.06 29.50 29.03 28.79
Total Liabilities 230.89 221.39 193.45 207.35
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 -9.25 -11.17 0.39 24.55
Treasury Stock NA NA NA NA
Total Stockholders' Equity 213.00 206.02 212.46 232.35
Total Liabilities and Stockholders' Equity 443.89 427.40 405.91 439.70

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 1.04 11.93 -13.66 -26.98
Net Cash Provided by Investing Activities 5.09 0.44 2.91 -6.79
Net Cash Provided by Financing Activities -10.06 -7.12 0.48 42.87

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201264.516.050.20
12/201394.54-21.14-0.61
12/2014170.2312.270.29
12/2015201.0714.670.31
12/2016129.49-6.51-0.14
Growth Rates19.03----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17481,8343.82




Report Date : 12/11/2017

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