China Tracker - Details for China Linen Textile (CTXIF)

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 China Linen Textile
Shares Outstanding (MRQ): 5.78 mill
New Shares / Dilution (TTM): 0.00 mill0.07%
Cash (MRQ): 3.94 mill0.00%
Account Receivables (MRQ): 10.88 mill0.00%
Account Receivables (Q/Q): + 2.12 mill  
Long-Term Debt (MRQ): 2.46 mill0.00%
Revenue Growth (Q/Q): 0.28% 
Revenue Growth (Y/Y): 5.71% 
Net Income Growth (Q/Q): -8.11% 
Net Income Growth (Y/Y): 22.51%
EPS Growth (Y/Y): 22.42%
Net Margin (Q/Q): 21.9% (23.9%)-2.00% 
Net Margin (Y/Y): 21.9% (18.9%)3.00% 
EPS | P/E (2 MRQ Projection): $1.390.00 
CFPS | P/CF (2 MRQ Projection): $0.740.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Parker Randall CF
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-30): $1.400.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: Reverse Merger on 2008-07-09 

 Business Outlook

The integration of Lanxi Tianxianfang Linen Co. is complete and we continue to realize cost saving benefits from this acquisition. Through the addition of a bleaching factory and our upgraded linen yarn dyeing facility, we move closer to our long term goal of becoming a fully integrated linen producer, which should further drive margin expansion and allow us to offer a full range of linen products and services to our customers. International sales remained robust, accounting for 58% of revenues in the second quarter, as fashion trends across Europe and Asia continued to favor pure linen products and accessories, and consumers increasingly recognized the quality and value of these products.

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

As fashion trends across Europe and Asia favor pure linen products and accessories, and consumers increasingly recognize the quality and value of these products, we believe the linen market will continue to expand in 2011. In addition, higher overall cotton prices make linen more affordable on a relative basis and give us another reason to be optimistic about our business prospects going forward.

(Source: PR Newswire, 2011-05-23)

China Linen Textile Industr announced that on December 20, 2010, the Company commenced operations at its new linen yarn dyeing facility. "We are very pleased to commence operations at our new linen yarn dyeing facility. The new dyeing capability will further expand our vertically integrated business model downstream and enhance our competitive position. We are confident that this new facility will further to increase our gross margin in fiscal year 2011."

(Source: PR Newswire, 2010-12-22)

    see all Business Outlook notes

 Analyst Coverage (show more)
2010-04-13Red ChipInitiationBuy$4.00

 Investor Presentations
2010-03-11 (HTML)   VIEW
READ: Score Cards Explained
DETAILS: Safety/Risk Model for CTXIF
Current Price:  n/a
F10k Day (2009-11-20): -100.00%$3.50
2009 Close: -100.00%$1.10
2010 Close: -100.00%$4.90
2011 Close: -100.00%$1.70
High (2012-04-06): -100.00%$1.89
Low (2012-10-10): -100.00%$0.10
Market Capitalization: n/a
Total Shares: 5.78 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-06-30
Revenue (MRQ): 8.81 mill
Net Income (MRQ): 1.93 mill
Op. Cash Flow (MRQ): 1.07 mill
all financial data provided without warranty