China Tracker - Details for China GrenTech (GRRF)


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 WARNING: Form 15 filed with the SEC!
 China GrenTech
Shares Outstanding (MRQ): 22.53 mill
New Shares / Dilution (TTM): -1.71 mill-7.04%
Cash (MRQ): 16.46 mill23.19% 
Account Receivables (MRQ): 249.47 mill351.52%
Account Receivables (Q/Q): + 4.49 mill1.83% 
Long-Term Debt (MRQ): 14.44 mill20.35%
Revenue Growth (Q/Q): -77.46% 
Revenue Growth (Y/Y): 12.35% 
Net Income Growth (Q/Q): -122.83% 
Net Income Growth (Y/Y): N/A (LOSS) 
EPS Growth (Y/Y): N/A (LOSS) 
Net Margin (Q/Q): -13.1% (13.0%)-26.10% 
Net Margin (Y/Y): -13.1% (-14.5%)1.40% 
EPS | P/E (2 MRQ Projection): $1.072.95
CFPS | P/CF (2 MRQ Projection): $2.661.19
Price/Sales (2 MRQ Projection): 0.24
Price/Book (MRQ): 0.31
Auditor: KPMG
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.1817.50
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2006-03-29 
IPO Price: $18.00 (-82.50% since IPO)

 Business Outlook

China GrenTech Corporation announced today the completion of the merger contemplated by the previously announced amended and restated agreement and plan of merger dated January 20, 2012, among Talenthome Management Limited (Parent), Xing Sheng Corporation Limited (Merger Sub), and the Company. As a result of the merger, the Company became a wholly owned subsidiary of Parent.

Under the terms of the Merger Agreement each ordinary share of the Company (Share) issued and outstanding immediately prior to the effective time of the merger [...] has been cancelled in exchange for the right to receive US$0.126 per Share and each ADS, each representing 25 Shares, represents the right to receive US$3.15 per ADS (less US$0.05 per ADS cancellation fees), in each case, in cash without interest and net of any applicable withholding taxes.

(Source: PR Newswire, 2012-04-17)

For the third quarter of 2011, GrenTech forecasts its revenue to be in the range of RMB410.0 million to RMB450.0 million.

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

Our new products started the year with positive developments in their respective industries, especially WLAN as a result of increased investment by each of the three major operators. China Mobile significantly increased its capital expenditures on WLAN in 2011, which makes WLAN one of the investment highlights in 2011 in the telecommunications industry. China Unicom and China Telecom have followed suit and increased their capital expenditure budgets on WLAN. For the second quarter of 2011, GrenTech forecasts revenue to be in the range of RMB380.0 million to RMB425.0 million.

(Source: PR Newswire, 2011-05-12)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-03-18CICCUpgradeAccumulate$7.00
GRRF
Telecommunications

COVERAGE SUSPENDED OR TERMINATED
 
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for GRRF
Current Price:  $3.15
F10k Day (2006-03-30): -83.43%$19.00
2009 Close: -10.77%$3.53
2010 Close: -0.95%$3.18
2011 Close: 21.15%$2.60
High (2011-11-08): 5.00%$3.00
Low (2011-10-04): 108.60%$1.51
Exchange: PRIVATE
Market Capitalization: 70.97 mill
Total Shares: 22.53 mill
Float: n/a
Avg Volume: 37.50 k
Short Interest: 141.90 k
Short Ratio: 1.30%3.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 27.13 mill
Net Income (MRQ): -3.56 mill
Op. Cash Flow (MRQ): -26.96 mill
all financial data provided without warranty