China Tracker - Details for Fushi Copperweld (FSIN)


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 Fushi Copperweld
 Basic Facts and History
Data Source: Annual Report for the period ended 2010-12-31
Reporting Type: U.S. Company (10-K Filings) 
Incorporation: Nevada 
Corporate Headquarters: China (Beijing) 
Going Public: Other on 2006-01-30 
Uplisting to Senior Exchange: on 2007-08-31 at $12.40 (-100.00% since Uplisting)
Main Operating Subsidiary: Fushi International (Dalian) Bimetallic Cable Co., founded 2002 
Investor Relations: Investor Relations Website 
Internal Controls: not effective 
Internal Controls Audit: not effective 
Auditor Opinion:

Material weaknesses related to (1) insufficient competent accounting personnel in applying U.S. generally accepted accounting principles in the financial reporting process and (2) review controls over the determination of the fair values of derivative financial instruments, share-based payment awards, assets acquired and liabilities assumed in business combinations, have been identified and included in management\\\'s assessment.

In our opinion, because of the effects of the aforementioned material weaknesses on the achievement of the objectives of the control criteria, Fushi Copperweld, Inc. has not maintained effective internal control over financial reporting as of December 31, 2010. (KPMG)

 
 Ownership
Main Shareholder: Li Fu (Chairman, CEO) 
Ownership: 29.40% 
 
 Auditor Trail (since January 1, 2009)
2011-01-24KPMGAppointment
2011-01-24Frazer FrostDismissal
 
 Senior Management Trail (since January 1, 2009)
2010-10-19Craig H. StudwellCFOAppointment
2010-02-28Wenbing "Christopher" WangCFOAppointment
2010-02-28Beihong "Linda" ZhangCFOResignation
2009-09-01Beihong "Linda" ZhangCFOAppointment
2009-09-01Wenbing "Christopher" WangCFODismissal
 
 Fiscal Year
Fiscal Year ends: December 31 
First Quarter 10-Q: due by 2018-05-15 
Second Quarter 10-Q: due by 2018-08-15 
Third Quarter 10-Q: due by 2018-11-15 
Annual Report 10-K: due by 2018-03-31 
FSIN
Infrastructure
SCORE
0
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for FSIN
Current Price:  n/a
F10k Day (2006-08-25): -100.00%$8.00
2009 Close: -100.00%$10.12
2010 Close: -100.00%$8.88
2011 Close: -100.00%$7.52
High (2012-10-19): -100.00%$9.30
Low (2012-04-09): -100.00%$5.72
Exchange:
Market Capitalization: n/a
Total Shares: 38.20 mill
Float: n/a
Avg Volume: 519.80 k
Short Interest: 7.82 mill
Short Ratio: 34.33%15.0 d
Last Quarter: 2011-03-31
Revenue (MRQ): 65.93 mill
Net Income (MRQ): 6.83 mill
Op. Cash Flow (MRQ): 15.01 mill
all financial data provided without warranty