| Address:
|
426 SOUTH 1000 EAST
|
| City: |
SALT LAKE CITY |
|
State: |
UT |
|
Zip Code: |
84102 |
| Telephone: |
801-537-1237 |
|
Description of Business
|
Primary SIC Code:
3310 |
| (As filed with the SEC)
|
|
|
We are one of the leading Chinese non-state-owned manufacturers of fine finished
steel products. We utilize a variety of processes and technological
methodologies to convert steel manufactured by third parties into fine finished
steel products. Our product offerings are focused on higher margin, value-added
finished steel products, specifically, hot-dip galvanized steel, or HDG steel,
and prepainted galvanized steel, or PPGI. In addition, we produce acid pickled
steel, or AP steel, and cold-rolled steel, which represent the least processed
of our finished products. Since November 2009, our product offerings have
included welded steel pipe products. We use a large portion of our AP steel and
cold-rolled steel to produce our HDG steel and PPGI products. Our vertical
integration has allowed us to maintain more stable margins for our HDG steel and
PPGI products. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.38 | NA | 2.39 | | 06/2011 | 0.34 | NA | 3.71 | | 03/2011 | 0.32 | NA | 5.09 | | 12/2010 | 0.33 | NA | 6.55 | | 09/2010 | 0.36 | NA | 4.72 | | 06/2010 | 0.29 | NA | 6.86 | | 03/2010 | 0.26 | NA | 11.15 | | 12/2009 | 0.24 | NA | 11.08 |
Key Financial Ratios and Statistics |
FYE:
06/30 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.33 | Total Liab/Total Assets | 0.50 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 1.55 | | Net Inc/Inv Cap | 0.11 | Total Liab/Comm Equity | 4.50 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | 3.19 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.49 | | Cash Flow/Net Sales | 0.03 | LTD/Equity | 0.12 | | SG&A/NetSales | 0.04 | Total Debt/Equity | 0.61 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.05 | Quick Ratio | 1.54 | | Inventory Turnover | 9.06 | Current Ratio | 1.81 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.54 | | Net Sales/Work Cap | 3.15 | Inv/Curr Assets | 0.15 | | Net Sales/PP&E | 5.46 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
130.20
|
128.95
|
101.37
|
99.42
|
|
Cost of Goods Sold
|
119.21
|
115.01
|
92.76
|
89.97
|
|
Selling & Admin Exps
|
5.26
|
5.53
|
3.06
|
3.70
|
|
Operating Income
|
5.73
|
8.42
|
5.55
|
5.75
|
|
Interest Exp
|
1.73
|
2.11
|
1.99
|
2.34
|
|
Pretax Income
|
3.91
|
6.31
|
3.55
|
3.55
|
|
Other Income
|
-0.09
|
0.02
|
-0.03
|
0.14
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
4.77
|
4.19
|
3.47
|
2.93
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
111.81
|
93.65
|
75.04
|
54.07
|
|
Receivables - Total
|
199.79
|
165.35
|
157.86
|
135.59
|
|
Inventories - Total
|
58.27
|
46.20
|
38.31
|
40.46
|
|
Total Current Assets
|
369.86
|
305.19
|
271.21
|
230.12
|
|
Net Property, Plant & Equipment
|
79.12
|
79.10
|
68.16
|
69.13
|
|
Total Assets
|
452.16
|
387.46
|
342.41
|
302.31
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
103.04
|
72.85
|
39.82
|
28.96
|
|
Debt in Current Liabilities
|
110.26
|
95.49
|
98.20
|
90.51
|
|
Total Current Liabilities
|
213.30
|
168.34
|
138.02
|
119.46
|
|
Long-Term Debt
|
36.14
|
23.63
|
16.83
|
0.00
|
|
Total Liabilities
|
249.44
|
191.97
|
154.85
|
119.46
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.04
|
0.04
|
0.04
|
0.04
|
|
Retained Earnings
|
111.91
|
107.14
|
105.98
|
102.51
|
|
Treasury Stock
|
-0.06
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
202.73
|
195.49
|
187.57
|
182.84
|
|
Total Liabilities and Stockholders' Equity
|
452.16
|
387.46
|
342.41
|
302.31
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-7.99
|
22.62
|
0.87
|
-12.24
|
|
Net Cash Provided by Investing Activities
|
-14.07
|
-32.62
|
0.36
|
-4.75
|
|
Net Cash Provided by Financing Activities
|
26.54
|
18.75
|
1.94
|
8.93
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 06/2007 | 303.44 | 20.52 | 0.59 | | 06/2008 | 418.03 | 31.14 | 0.82 | | 06/2009 | 429.75 | 18.68 | 0.49 | | 06/2010 | 478.69 | 11.33 | 0.29 | | 06/2011 | 431.70 | 14.01 | 0.34 | | Growth Rates | 9.21 | -9.11 | -12.87 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 11 | 136 | 0.34 |
|
Report Date :
2/6/2012
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