China Tracker - Details for China Ceramics (CCCL)

 China Ceramics
 Business Outlook

China Ceramics has completed the expansion of its Hengda facility. The facility is now capable of producing 42 million square meters of ceramic tiles per year, up from 32 million square meters in the second quarter of 2011 and an increase from 28 million square meters as of year-end 2010. The Company expects that the new capacity at Hengda will ramp-up to full utilization in about three months. The new equipment at Hengda will include new kiln and advanced stone-breaking equipment that will make operations more efficient. China Ceramics' current total annual production capacity of ceramic tiles is now 52 million square meters, consisting of 42 million square meters from Hengda and 10 million square meters from Hengdali. After the completion of Phase II at Hengdali by the end of 2011, China Ceramics expects to have a total annual production capacity of approximately 72 million square meters of ceramic tiles. This is expected to be composed of 42 million square meters of total capacity from the Hengda facility and 30 million square meters of total capacity from the Hengdali facility.

(Source: PR Newswire, 2011-08-18)

The Company's backlog of orders for delivery in the third quarter of 2011 is approximately US$ 61.9 million, representing a year-over-year growth rate of 36.1% compared to the third quarter of 2010. The Company estimates that its sales volume of ceramic tiles in the third quarter of 2011 will be approximately 14.6 million square meters.

(Source: PR Newswire, 2011-08-10)

In order to enhance transparency, the Company recently posted its 2010 annual SAIC reports for its two subsidiaries, Jinjiang Hengda Ceramics Co., Ltd. and Jiangxi Hengdali Ceramic Materials Co., Ltd. Translated English copies of the Chinese SAIC reports have been uploaded to the website to make it investor accessible for non-Chinese speaking shareholders. "We value the importance of transparency and are committed to a high level of corporate governance. In light of the heightened scrutiny of China-based companies listed in the US capital markets, we seek to differentiate ourselves by providing financial information beyond our disclosure requirements. We hope that our continued operating performance and added transparency will convey our commitment to our shareholders and bolster confidence in the Company."

(Source: PR Newswire, 2011-06-22)

The Company's backlog of orders for delivery in the second quarter of 2011 is approximately US$ 56.9 million, representing a year-over-year growth rate of 36.9% compared to the second quarter of 2010. The expected sales volume in the second quarter of 2011 is approximately 13.8 million square meters, representing a 30.2% increase from 10.6 million square meters sold in the second quarter of 2010.

After the completion of the improvements at Hengda and the completion of Phase II at Hengdali by the end of 2011, China Ceramics expects to have a total annual production capacity of approximately 72 million square meters. This is expected to be comprised of 42 million square meters of total capacity from the Hengda facility and 30 million square meters of total capacity from the Hengdali facility. The completion of expansion at Hengdali will be postponed to the end of 2012. Capital expenditures to complete the expansion of the Hengdali facility are expected to be approximately US $35 million in 2012, which is expected to provide an additional 14 million square meters of capacity in 2013. No capital expenditures are expected for Hengda in 2012.

The Company believes that its current cash balances, combined with its expected future cash flow from operations and its borrowing capacity will be sufficient to meet the remaining capital expenditure requirements of the production capacity expansion associated with the Hengda and Hengdali facilities.

(Source: PR Newswire, 2011-05-09)

The Company's backlog of orders for delivery in the first quarter of 2011 is approximately US$ 49.0 million, representing a year-over-year growth rate of 33.4% compared to the first quarter of 2010. The expected sales volume in the first quarter of 2011 is approximately 11.5 million square meters, representing a 30.7% increase from 8.8 million square meters sold in the first quarter of 2010.

(Source: PR Newswire, 2011-03-14)

We are excited to add three more distributors to service key markets in Beijing, Yunnan and Zhejiang. We believe that our strengthened distribution network is an important step to support our expected growth in 2011 as we expand our production capacity from 42.2 million squared meters today to approximately 78.8 million in 2012.

(Source: PR Newswire, 2011-01-10)

China Ceramics Co. today announced that it has completed the first stage of enhancements at its Hengda facility, increasing its capacity to 32.2 million square meters per year, and bringing the Company's total capacity at its two facilities to 42.2 million square meters per year. The Company expects to complete the second phase of its Hengdali facility expansion in the first quarter of 2011, which will add an additional 14 million square meters of annual capacity, bringing total Company-wide capacity to 56.2 million squared meters by the end of the first quarter of 2011, up approximately 48% from its capacity at the beginning of 2010.

The Company expects to invest an additional $14 million at its Hengda facility during 2011 to further expand its capacity by 4.6 million square meters by 2012.The third phase of expansion at the Hengdali facility is also expected to be completed by the end of 2011 and will add 18 million square meters of annual capacity at a cost of approximately $20 million. Overall, the Company expects to have a capacity of approximately 78.8 million square meters in 2012, representing a 107% increase over its capacity at the beginning of 2010.

"We are pleased to announce the completion of the first phase of expansion of our Hengda facility and we look forward to announce the completion of the second phase of expansion of our Hengdali facility in the first quarter of 2011. We remain confident in the outlook for the Chinese economy in general and the construction materials industry in particular over the foreseeable future. Based on our existing orders as well as feedback from our customers, we expect that our capacity expansion in the quarters ahead will be fully absorbed by increased demand for our products."

(Source: PR Newswire, 2011-01-05)

The Company's backlog of orders for delivery in the fourth quarter is at approximately US$ 41.8 million, representing a year-over-year growth rate of 20.9% compared to the revenue in the fourth quarter of 2009. The expected sales volume in the fourth quarter of 2010 is approximately 10.2 million square meters, representing a 19.3% increase from 8.6 million square meters sold in the fourth quarter of 2009.

(Source: PR Newswire, 2010-11-08)

The Company has approximately 13,109,208 Shares outstanding and 2,774,300 Warrants outstanding, each exercisable for one Share at an exercise price of $7.50. In addition, there are shares to be distributed to management if they hit certain targets. I have summarized below.

(Source: Ed Job, CCG Investor Relations, 2010-11-06)

China Ceramics expects to begin trading on the NASDAQ Capital Market on November 3, 2010, until which time its share will continue to trade on the Over-the-Counter Bulletin Board. The Company's new ticker symbols will be "CCCL" for Company's common shares, "CCCLW" for Company's warrants and "CCCLU" for Company's units.

(Source: PR Newswire, 2010-11-01)

We have applied to list our shares on the NASDAQ Capital Market under the symbol "CCCL".

(Source: F-1 Filing, 2010-10-29)

The Company's backlog of orders for delivery in the second quarter was at approximately RMB 285.94 million ( US$ 41.8 million), representing a year-over-year revenue growth rate of 29.1% compared to the second quarter of 2009. The expected sales volume in the second quarter 2010 is approximately 10.6 million square meters representing a 21.9% increase from 8.7 million square meters sold in the first quarter of 2010.

Despite recent efforts by the Chinese government to tighten monetary policy and contain excessive real estate prices in the so-called Tier-1 cities such as Beijing, Shanghai, Shenzhen, and Guangzhou, the outlook for our business remains stable. Our exposure to the Tier-1 cities was approximately 9.7% of our revenue in the first quarter of 2010 and we expect any weakness in the Tier-1 cities to be offset by continued demand growth in the Tier-2 and Tier-3 cities, driven by secular urbanization trends as well as by the government's commitment to low-income housing. We remain committed to the expansion of our Gaoan plant and expect to expand its capacity by 14 million squared meters by the end of 2010 at a cost of approximately $20 million.

(Source: PR Newswire, 2010-06-01)

During fiscal year 2010, the Company expects to spend approximately US$ 20 million to install four additional production lines at the Gaoan facility. During the fiscal year 2011, the Company expects to spend approximately an additional US$ 20 million to install five additional production lines. The current annual production capacity at the Jinjiang facility is 28 million square meters and 10 million square meters at the Gaoan facility. The annual production capacity at the Gaoan facility is expected to reach 42 million square meters by the end of 2011. The Company's backlog of orders for delivery in the first quarter was at approximately RMB 242.2 million (US$ 35.5 million), representing a year-over-year revenue growth rate of 35.9% compared to the first quarter of 2009. The expected sales volume is 9.1 million square meters, which would represent a 30.1% year-over-year growth in sales volume from 7.0 million square meters sold in the comparable period of 2009.

(Source: PR Newswire, 2010-04-05)
CCCL
Construction
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Current Price:  $1.40
F10k Day (2009-11-20): -85.65%$9.75
2009 Close: -83.14%$8.30
2010 Close: -82.13%$7.83
2011 Close: -51.56%$2.89
High (2012-03-12): -70.53%$4.75
Low (2012-10-03): 5.26%$1.33
Exchange: NCM
Market Capitalization: 25.56 mill
Total Shares: 18.25 mill
Float: 1,664,000.00 mill
Avg Volume: 22.20 k
Short Interest: 268.50 k
Short Ratio: 0.35%12.1 d
Last Quarter: 2011-03-31
Revenue (MRQ): 46.83 mill
Net Income (MRQ): 9.30 mill
Op. Cash Flow (MRQ): -2.32 mill
all financial data provided without warranty