China Tracker - Details for Changda International (CIHD)

 Changda International
Shares Outstanding (MRQ): 20.51 mill
New Shares / Dilution (TTM): 1.57 mill8.28%
Cash (MRQ): 9.36 mill456,577.30%
Account Receivables (MRQ): 19.04 mill928,562.38%
Account Receivables (Q/Q): + 6.12 mill47.31%
Long-Term Debt (MRQ): 1.33 mill64,751.67%
Revenue Growth (Q/Q): 69.68% 
Revenue Growth (Y/Y): 39.33%
Net Income Growth (Q/Q): 98.60% 
Net Income Growth (Y/Y): 115.74%
EPS Growth (Y/Y): 99.24%
Net Margin (Q/Q): 8.7% (7.4%)1.30% 
Net Margin (Y/Y): 8.7% (5.6%)3.10% 
EPS | P/E (2 MRQ Projection): $0.370.00
CFPS | P/CF (2 MRQ Projection): $0.960.00
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00
Auditor: Mazars CPA 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-04-03): $0.350.00
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2009-02-13 

 Business Outlook

Changda International Holdings has entered into a comprehensive agreement for its products and raw material purchases with Sinochem, one of Chinas biggest chemical companies. Under this agreement Sinochem will act as an exporter and reseller of Changdas products and an importer of raw materials for Changda. The following conditions have been agreed upon. Changda commits to expand the production capacity of its pharmaceutical intermediates as soon as possible in order to supply adequate amounts of the product to Sinochem. Both parties agree to grant each other priority in purchases and sales of its products and raw materials. Sinochem grants Changda International USD 900,000 for raw material purchases. Furthermore Sinochem also expresses its intention to issue RMB credit to Changda Chemical for the same purpose. Both parties also agree to explore expansion opportunities as well as the exchange of information & technology.

In the long term both parties agree that Changda International shall become an important production base for Sinochem, both parties also agree to consider joint ventures and potential M&A activities. "In the internationalization, the broadening of our market range and strengthening of our chemical products line, this marks an important development as we have found with Sinochem a true global partner. We are very excited about the prospects of this agreement. In the internationalization, the broadening of our market range and strengthening of our chemical products line, this marks an important development as we have found with Sinochem a true global partner We are very excited about the prospects of this agreement."

(Source: Business Wire, 2010-08-19)

In order to improve our performance and competitiveness, we are constructing our Heze fertilizer plant and are preparing to expand our Thiophene product line. We have already invested a total of $4,628,000 into our Heze plant through June 30, 2010. However, an additional $19,072,000 is needed to complete the construction and an additional $11,500,000 will be needed for the normal operation of the plant for the first 12 months of operation after completion of the plant. Upon completion of the offering, we anticipate that we will have sufficient capital to meet our cash requirements for the completion of our Heze fertilizer plant and the expansion of our Thiophene product line.

(Source: 10-Q Filing, 2010-08-02)

Mr Zhu added that the Company expects a stabilization and a possible recovery of fertilizer prices in 2010 and that the Company already has undertaken steps to lock a low cost for its raw materials when it prepaid in the excess of 10 million US Dollars of raw materials in December 2009. We feel confident the pre-payment decision can have a positive impact on our 2010 profitability as the markets have recently seen signs of stabilization of fertilizer prices and in light of the recent trends in the energy market with which fertilizers price tend to be correlated.

(Source: Business Wire, 2010-04-05)

 Analyst Coverage (show more)
2010-04-05Rodman & RenshawReiterationOutperform$4.00
2009-12-18Rodman & RenshawReiterationOutperform$8.25

 Recent Financings
2009-12-31Filing$20.70 mill--
CIHD
Agriculture
SCORE
15
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for CIHD
Current Price:  $0.00
F10k Day (2009-05-22): -100.00%$4.89
2009 Close: -100.00%$3.15
2010 Close: -100.00%$1.15
2011 Close: -99.98%$0.45
High (2012-04-02): -99.98%$0.45
Low (2012-06-15): -99.88%$0.08
Exchange: PNK
Market Capitalization: 0.00 mill
Total Shares: 20.51 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 29.39 mill
Net Income (MRQ): 2.55 mill
Op. Cash Flow (MRQ): 10.61 mill
all financial data provided without warranty