China Tracker - Details for China Green Material (CAGM)


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 China Green Material
 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2012-04-02 -- Last SEC Filing
2012-03-27 -- Auditor Resignation
2011-11-21 -- Last Quarterly/Annual Report: Q3/FY2011 ended September 30, 2011
2011-07-13 -- Auditor Change
2011-04-27 -- Auditor Change

(Source: Trading China, 2012-09-30)

As we continue to introduce new branded products, which are stronger and less expensive than those from our competitors, while expanding our distribution capabilities to make our products available to more Chinese consumers, we are poised to capture additional market share in the rapidly growing RMB2.5 billion biodegradable products market in China.

(Source: PR Newswire, 2011-05-16)

We are focused on expanding our capacity to meet the robust demand for our products. During the third quarter, we completed construction of our new state-of-the-art facility which is located in Harbin Economic and Technological Development Zone. We completed the buildout on schedule and once fully utilized, will enable us to produce 11,000 tons of finished products each year, which expands our currently capacity by 122%. We will scale into this during the coming year as we grow our revenues and gain additional market share. More specifically, we expect to be operating at 13,000 tons of capacity by the end of this year and scaling to full capacity at 20,000 tons by the end of 2011. The new facility allows us to operate more efficiently and will provide the ability to fill larger orders from our growing base of domestic and international customers. All in all, I am extremely excited about the future growth outlook for China Green Materials.

(Source: PR Newswire, 2010-11-09)

We continue to leverage our intellectual property assets and low-cost manufacturing advantage to develop more products and further expand to new geographies. We are on track to complete the construction of our new state-of-art manufacturing facility in Harbin, which will not only increase our capacity by 45% to 13,000 tons per annum, but should also improve gross margin across all product lines.

(Source: PR Newswire, 2010-08-16)

The Company's new manufacturing facility will raise annual production capacity by approximately 45%. As part of the expansion, the Company plans to add new equipment which will enable CAGM to increase its manufacturing efficiency and meet increasing market demand for its biodegradable consumer products. The Company expects total revenues in 2010 to increase between 25% and 30% from the $13.4 million reported in 2009. The expanded capacity will support the Company's anticipated growth through 2011.

(Source: PR Newswire, 2010-06-30)

In 2010 we plan to significantly expand our production capacity, with a new facility expected to come on line in the second half of this year. We anticipate the additional capacity, coupled with our targeted sales and marketing programs, will result in continued increases in revenues. Additionally, increased efficiency from the new manufacturing facility should enable us to expand our gross margins across all product lines.

(Source: PR Newswire, 2010-05-17)

Early in 2010, we made the strategic decision to significantly expand our production capacity to accommodate increasing volume and prepare for anticipated growth as we focus on developing new product categories, entering new markets and winning new customers. Looking ahead, we believe the Company is ideally positioned to take advantage of favorable macro environmental policies and increasing awareness and demand for biodegradable products. We believe that we have an early mover advantage, proprietary technology that produces superior quality products, an experienced and cohesive team, a strong order pipeline, key operating and growth strategies designed to increase market share, and the financial flexibility to execute.

(Source: PR Newswire, 2010-04-13)
CAGM
Printing & Packaging
SCORE
4
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CAGM
Current Price:  n/a
F10k Day (2008-02-15): -100.00%$1.05
2009 Close: -100.00%$2.90
2010 Close: -100.00%$1.05
2011 Close: -100.00%$0.07
High (2012-05-07): -100.00%$0.07
Low (2012-10-19): -100.00%$0.02
Exchange:
Market Capitalization: n/a
Total Shares: 25.76 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 6.75 mill
Net Income (MRQ): 2.18 mill
Op. Cash Flow (MRQ): 1.38 mill
all financial data provided without warranty