| Address:
|
NO. 1169 YUMENG ROAD
RUIAN ECONOMIC DEVELOPMENT ZONE |
| City: |
RUIAN CITY, ZHEJIANG |
|
State: |
|
|
Zip Code: |
325200 |
| Telephone: |
86-577-65817720 |
|
Description of Business
|
Primary SIC Code:
3714 |
| (As filed with the SEC)
|
|
|
Through its 90% ownership of the Ruili Group Ruian Auto Parts Co., Ltd., a
Sino-foreign joint venture (the "Joint Venture"), SORL Auto Parts, Inc.
(together with our subsidiaries, "we," "us," "our" or the "Company") develops,
manufactures and distributes automotive brake systems and other key safety
related auto parts to automotive original equipment manufacturers, or OEMs, and
the related aftermarket both in China and internationally. The Company's
products are principally used in different types of commercial vehicles, such as
trucks and buses. Automotive brake systems and other key safety related auto
parts are critical components that ensure driving safety.
The Joint Venture was formed in China as a Sino-foreign joint venture on January
17, 2004, pursuant to the terms of a Joint Venture Agreement (the "JV
Agreement") between the Ruili Group Co., Ltd. (the "Ruili Group") and Fairford
Holdings Limited ("Fairford"), a wholly owned subsidiary of the Company. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.99 | NA | 3.29 | | 06/2011 | 1.05 | NA | 4.29 | | 03/2011 | 1.12 | NA | 5.41 | | 12/2010 | 1.06 | NA | 8.05 | | 09/2010 | 1.00 | NA | 8.66 | | 06/2010 | 0.93 | NA | 8.95 | | 03/2010 | 0.82 | NA | 11.27 | | 12/2009 | 0.70 | NA | 12.30 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.53 | Total Liab/Total Assets | 0.30 | | Net Inc/Total Assets | 0.12 | Total Liab/Inv Cap | 0.44 | | Net Inc/Inv Cap | 0.17 | Total Liab/Comm Equity | 1.38 | | Pretax Inc/Net Sales | 0.13 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.11 | Curr Debt/Equity | 0.13 | | Cash Flow/Net Sales | 0.06 | LTD/Equity | NA | | SG&A/NetSales | 0.13 | Total Debt/Equity | 0.13 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.80 | Quick Ratio | 2.29 | | Inventory Turnover | 5.04 | Current Ratio | 3.02 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.62 | | Net Sales/Work Cap | 2.27 | Inv/Curr Assets | 0.24 | | Net Sales/PP&E | 4.44 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
47.58
|
61.11
|
51.99
|
54.77
|
|
Cost of Goods Sold
|
34.53
|
44.52
|
37.40
|
39.15
|
|
Selling & Admin Exps
|
7.12
|
8.15
|
6.50
|
6.45
|
|
Operating Income
|
4.04
|
6.24
|
6.11
|
7.28
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
4.53
|
6.47
|
6.30
|
7.37
|
|
Other Income
|
0.49
|
0.23
|
0.20
|
0.09
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
3.87
|
5.49
|
5.35
|
6.40
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
12.41
|
14.18
|
12.19
|
6.69
|
|
Receivables - Total
|
86.76
|
86.82
|
76.68
|
81.49
|
|
Inventories - Total
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48.31
|
42.10
|
37.42
|
31.96
|
|
Total Current Assets
|
165.45
|
157.15
|
140.30
|
131.27
|
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Net Property, Plant & Equipment
|
48.48
|
46.21
|
45.51
|
44.89
|
|
Total Assets
|
231.10
|
218.90
|
201.04
|
191.38
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
16.23
|
18.01
|
17.25
|
18.63
|
|
Debt in Current Liabilities
|
28.90
|
32.87
|
15.98
|
16.74
|
|
Total Current Liabilities
|
51.71
|
56.44
|
46.16
|
43.41
|
|
Long-Term Debt
|
10.00
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
78.49
|
72.54
|
61.52
|
58.10
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
16.56
|
15.90
|
15.17
|
14.52
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.04
|
0.04
|
0.04
|
0.04
|
|
Retained Earnings
|
81.65
|
78.50
|
74.03
|
69.67
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
152.61
|
146.36
|
139.52
|
133.28
|
|
Total Liabilities and Stockholders' Equity
|
231.10
|
218.90
|
201.04
|
191.38
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-7.39
|
2.21
|
8.35
|
3.27
|
|
Net Cash Provided by Investing Activities
|
-2.73
|
-1.87
|
-2.99
|
-5.27
|
|
Net Cash Provided by Financing Activities
|
8.12
|
1.48
|
0.05
|
6.25
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 84.90 | 7.70 | 0.56 | | 12/2007 | 115.76 | 10.74 | 0.59 | | 12/2008 | 130.89 | 12.37 | 0.68 | | 12/2009 | 140.98 | 15.56 | 0.70 | | 12/2010 | 199.37 | 22.41 | 1.06 | | Growth Rates | 23.79 | 30.62 | 17.29 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 29 | 1,922 | 9.96 |
|
Report Date :
1/30/2012
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