| Address:
|
8TH FLOOR, TEDA BUILDING
87 WING LOK STREET, SHEUNGWAN |
| City: |
HONG KONG |
|
State: |
|
|
Zip Code: |
000 |
| Telephone: |
86 21 5994 8500 |
|
Description of Business
|
Primary SIC Code:
3312 |
| (As filed with the SEC)
|
|
|
We are a niche and high value-added steel processing company principally engaged
in the manufacture and sale of high precision cold-rolled steel products, in the
provision of heat treatment and in the cutting and slitting of medium and
high-carbon hot-rolled steel strips. We use commodity steel to create a high
value-added specialty premium steel. Specialty precision steel pertains to the
precision of measurements and tolerances of thickness, shape, width, surface
finish and other special quality features of highly-engineered end-use
applications.
We produce and sell precision ultra-thin and high strength cold-rolled steel
products ranging from 7.5 mm to 0.03 mm. We also provide heat treatment and
cutting and slitting of medium and high-carbon hot-rolled steel strips not
exceeding 7.5 mm thickness. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.02 | NA | N/E | | 06/2011 | 0.01 | NA | 96.00 | | 03/2011 | 0.03 | NA | 56.67 | | 12/2010 | 0.09 | NA | 18.89 | | 09/2010 | 0.14 | NA | 11.64 | | 06/2010 | 0.12 | NA | 11.58 | | 03/2010 | 0.14 | NA | 15.00 | | 12/2009 | 0.02 | NA | 102.50 |
Key Financial Ratios and Statistics |
FYE:
06/30 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.00 | Total Liab/Total Assets | 0.33 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.56 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 0.86 | | Pretax Inc/Net Sales | 0.01 | Interest Coverage Ratio | 1.30 | | Net Inc/Net Sales | 0.00 | Curr Debt/Equity | 0.23 | | Cash Flow/Net Sales | -0.14 | LTD/Equity | 0.11 | | SG&A/NetSales | 0.02 | Total Debt/Equity | 0.34 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.41 | Quick Ratio | 1.90 | | Inventory Turnover | 5.42 | Current Ratio | 2.39 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.35 | | Net Sales/Work Cap | 2.14 | Inv/Curr Assets | 0.21 | | Net Sales/PP&E | 2.01 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
42.17
|
46.05
|
31.49
|
39.77
|
|
Cost of Goods Sold
|
42.11
|
44.33
|
31.53
|
37.86
|
|
Selling & Admin Exps
|
0.36
|
0.39
|
0.20
|
0.72
|
|
Operating Income
|
-0.36
|
1.24
|
-0.30
|
1.12
|
|
Interest Exp
|
0.67
|
0.72
|
0.59
|
0.85
|
|
Pretax Income
|
-1.02
|
0.52
|
-0.89
|
0.26
|
|
Other Income
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-1.08
|
0.28
|
-0.87
|
0.20
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
2.15
|
2.71
|
16.41
|
14.23
|
|
Receivables - Total
|
49.83
|
42.96
|
28.60
|
36.19
|
|
Inventories - Total
|
25.08
|
25.08
|
32.71
|
32.10
|
|
Total Current Assets
|
128.87
|
121.41
|
114.01
|
113.22
|
|
Net Property, Plant & Equipment
|
74.20
|
75.38
|
80.32
|
78.43
|
|
Total Assets
|
205.08
|
198.78
|
196.31
|
193.62
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
18.81
|
13.57
|
14.89
|
12.41
|
|
Debt in Current Liabilities
|
30.72
|
30.97
|
27.33
|
26.62
|
|
Total Current Liabilities
|
56.57
|
50.83
|
46.44
|
43.65
|
|
Long-Term Debt
|
14.40
|
14.40
|
18.00
|
18.57
|
|
Total Liabilities
|
70.97
|
65.23
|
64.44
|
62.21
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
NA
|
0.00
|
NA
|
|
Common Stock
|
0.05
|
0.05
|
0.05
|
0.05
|
|
Retained Earnings
|
39.95
|
41.03
|
40.75
|
41.62
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
134.11
|
133.54
|
131.87
|
131.41
|
|
Total Liabilities and Stockholders' Equity
|
205.08
|
198.78
|
196.31
|
193.62
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
0.30
|
-16.96
|
3.16
|
3.00
|
|
Net Cash Provided by Investing Activities
|
-0.08
|
3.64
|
-1.27
|
-1.82
|
|
Net Cash Provided by Financing Activities
|
-0.81
|
-0.56
|
-0.22
|
-0.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 06/2007 | 53.96 | 8.30 | 0.26 | | 06/2008 | 87.74 | 18.58 | 0.43 | | 06/2009 | 76.28 | -0.41 | -0.01 | | 06/2010 | 110.45 | 5.59 | 0.12 | | 06/2011 | 151.20 | 0.26 | 0.01 | | Growth Rates | 29.38 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 20 | 393 | 0.85 |
|
Report Date :
2/6/2012
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