China Tracker - Details for China Carbon Graphite (CHGI)

 China Carbon Graphite
Shares Outstanding (MRQ): 22.62 mill
New Shares / Dilution (TTM): 4.13 mill22.34% 
Cash (MRQ): 1.05 mill85.09%
Account Receivables (MRQ): 10.32 mill832.62%
Account Receivables (Q/Q): + 4.10 mill65.84%
Long-Term Debt (MRQ): 4.37 mill352.60%
Revenue Growth (Q/Q): -11.27% 
Revenue Growth (Y/Y): 136.51%
Net Income Growth (Q/Q): N/A (BACK TO PROFITABILITY) 
Net Income Growth (Y/Y): 50.09%
EPS Growth (Y/Y): 22.68%
Net Margin (Q/Q): 4.7% (-0.5%)5.20% 
Net Margin (Y/Y): 4.7% (7.5%)-2.70% 
EPS | P/E (2 MRQ Projection): $0.041.30
CFPS | P/CF (2 MRQ Projection): -$0.25-0.22
Price/Sales (2 MRQ Projection): 0.03
Price/Book (MRQ): 0.03
Auditor: BDO China Li Xin Da Hua
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-04-16): $0.100.55
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-12-17 

 Business Outlook

We plan to have our new facility specialize in the manufacturing of higher margin products, like large size, ultra high power graphite electrodes, and high purity and fine gain graphite products. China's emerging aerospace, defense, automotive and clean tech end industries present the greatest demand for all types of graphite, specifically the forms of graphite we are planning to produce at our new facility. Moreover, we anticipate considerable growth in China's electric arc furnace steel production, which we believe will contribute to increased demand for large size, ultra high graphite electrodes. Accordingly, we are working hard to become the first company in China to produce 800 mm diameter ultra high power graphite electrodes. Through our product development and capacity expansion efforts, we are striving to enhance our production of higher margin products so we can gain further leverage in China's graphite sector.

(Source: Globe Newswire, 2011-08-15)

"Graphite prices are up across the board. For instance, the price range for large flake graphite in May 2010 was $1,300 to $1,700 per ton, now it is $2,275 to $3,000 per ton. We anticipated this jump in graphite prices and paid for additional levels of inventory in the third and fourth quarters of 2010, effectively locking in the price of raw materials before graphite prices started to climb. Due to our six month production cycle, we expect that we will fully realize the benefits from this move in the second half of fiscal 2011 and we anticipate that our margins and profitability will increase accordingly."

In an effort to further position itself for future success, China Carbon looks to integrate its upstream and downstream verticals, natural graphite mining industry and solar graphite manufacturing, respectively. The Company expects these acquisitions would afford it the opportunity to build a separate facility focused purely on nuclear graphite. The Company's expected improvement in cash flow coupled with its solid relationships with Chinese banks--notably, China Construction Bank--has China Carbon anticipating that it will be able to allocate funds toward producing nuclear graphite and the integration of upstream and downstream verticals in 2012 through its cash flow and bank financing. The Company expects an initial outlay of $12 million for the nuclear facilities.

(Source: Globe Newswire, 2011-05-17)

China Carbon is positioned for excellent results in 2011 and for future growth in the coming years as the Company plans to expand production capacity by as much as 100% in 2011. "Our new facility which is expected to start operating around August 2011 will increase the production capacity of our higher margin products. The Company also has plan to actively seek opportunities to integrate vertically with raw material providers to help to save the raw material cost and thus to improve the gross profits."

The Company expects that the increased demand for its higher margin products of fine grain graphite and high purity graphite will extend through 2011, primarily due to anticipated growth in China's automobile, aerospace, defense, iron and steel industries. China Carbon also expects that relatively lower margin products of graphite electrodes will continue to experience increased demand in 2011. The Company anticipates that cash flow from operations will continue to increase with enhanced sales, improved accounts receivable collection and less bad debt expenses for accounts receivable allowances.

(Source: Globe Newswire, 2011-04-18)

    see all Business Outlook notes
CHGI
Basic Materials
SCORE
9
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for CHGI
Current Price:  $0.05
F10k Day (2009-03-25): -87.83%$0.45
2009 Close: -96.58%$1.60
2010 Close: -96.86%$1.74
2011 Close: -88.59%$0.48
High (2012-03-29): -95.66%$1.26
Low (2012-08-10): -82.88%$0.32
Exchange: PNK
Market Capitalization: 1.24 mill
Total Shares: 22.62 mill
Float: 22,703,000.00 mill
Avg Volume: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 11.46 mill
Net Income (MRQ): 0.54 mill
Op. Cash Flow (MRQ): 1.03 mill
all financial data provided without warranty