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R/S 1 for 4; Symbol change; Earnings report!loss widens!
Analyst Blog
China Architectural in the Red
November 23, 2010 | Comments: 0
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CAEI
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China Architectural Engineering Inc. (CAEI - Analyst Report) reported yet another quarter of loss with a net loss of $8.7 million or 13 cents per share for its third quarter ended September 30, 2010. In the year-ago quarter the company had recorded a loss of $8.4 million or 16 cents per share.
A decline in contract revenue owing to fewer projects along with higher raw material and labor and administrative costs perpetrated the loss in the reported quarter.
Revenue plunged 83% on a year-over-year basis to $4.4 million in the reported quarter affected by dwindling projects, a derivative of declining global construction activity. The company’s decision to abstain from international projects and instead focus on the domestic market has affected its revenues during the past few quarters.
Out of the total revenue earned, approximately $0.2 million pertained to ConnGame. China Architectural acquired a 60% ownership in Shanghai ConnGame, a game developer and operator in August 2010.
Cost & Margin Performance
Gross loss was $1 million in the quarter compared with a gross profit of $0.5 million in the year-earlier quarter. Increases in raw material, labor and administrative costs as well as adjustments made in accordance with the percentage-of-completion method of accounting because of increases in estimated costs of current projects were responsible for the loss in the quarter.
Selling, general and administrative expenses (SG&A) inched 1% to $5.6 million in third-quarter 2010 due to a decrease in revenue combined with a $3.3 million bad debt expense for certain projects. Payroll expenses accounted for approximately 33% of total expenses, followed by depreciation expenses of 5%, and rental expenses of 3%. Consequently, operating loss in the quarter was $6.6 million compared with an operating profit of $5.1 million in the year-ago period.
Financial Position
China Architectural had cash and cash equivalents of $3 million as of September 30, 2010, up from $0.6 million as of June 30, 2010. The company generated $5.6 million in net cash from operating activities for the nine months ended September 30, 2010, compared with $11.2 million in the comparable year-ago period.
The debt-to-capitalization ratio at the end of the quarter improved to 43% from 46% as of September 30, 2010.
Contracts
In the reported quarter, China Architectural signed contracts worth $18.9 million, which include projects like Beijing Jiangtai Business Centre, Wuhan Xinhaigeming Museum and Liuzhou Nanning Gymnasium and Natatorium. These projects are expected to be completed in either 2010 or 2011.
In addition, the company was awarded a contract of $3.2 million by the Overseas Chinese Town Group for its Joy Coast project, the first large-scale, high-end integrated urban ecotourism project in China. China Architectural will construct the Innovation Exhibition Center, one of the regional landmarks within Joy Coast.
Looking Ahead
China Architectural has been reporting losses since the third quarter of 2009, affected by fewer projects due to the global economic slowdown. The company, however, is beginning to see an improvement, as indicated by approximately $22.1 million worth of new contracts signed in the reported quarter.
The company will benefit from its corporate restructuring and its focus on online game developments and opportunities. In the online gaming segment, the company is all set for its first commercial launch. In the architecture construction and engineering segment, the company plans to be more selective and focus only on high-return and lower-risk projects.
Zhuhai, China-based China Architectural Engineering Inc. specializes in high-end curtain wall systems (including glass, stone and metal curtain walls), roofing systems, steel construction systems, energy saving building conservation systems and related products, for public works and commercial real estate projects.
NEWS. China Architectural Engineering, Inc. (Nasdaq: CAEI), today announced that the Company's Board of Directors approved a one for four (1-for-4) reverse split of the Company's common stock.
yup but now this baby is ready to fly great pinch set up
BETTER BAIL WHILE U STILL HAVE SOME MONEYS..NEXT FEW DAYS ARE LOOKING PRETTY RED
SOLD THIS POS, AUG .92,MADE A BUNCH OF MONEY..GLTUA WHO ARE STILL STUCK HERE, THIS ONE IS FINISHED......
running on newssss
sheehs..tough to see if it's going bk.. sucks for a chinese co.
nope, not any i know of just shitty earnings, i'd like to see more contracts news come in that should get this POS running for sure. if not BK is a possibilty in the future
check the institutional and form 4. and recent news for filing related to any offerings
man that is bad.. no wonder...
talk about shitty earnings. these guys suck IMO. this will be a nice swing trade in a few weeks nothing more
China Architectural Engineering Announces First Quarter 2010 Financial Results
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Companies:China Architectural Engineering, Inc.
Topics:EarningsIndustrial Goods
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CAEI 0.81 0.00
Press Release Source: China Architectural Engineering, Inc. On Wednesday May 19, 2010, 7:30 am EDT
ZHUHAI, China and NEW YORK, May 19 /PRNewswire-Asia-FirstCall/ -- China Architectural Engineering, Inc. ("CAE" or the "Company") (Nasdaq:CAEI - News), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced its financial results for the first quarter ended March 31, 2010.
First Quarter 2010 Results
Revenues from contracts for the first quarter of 2010 were $11.5 million, versus $36.3 million in first quarter of 2009, as most of the international projects were completed in 2009, such as the Dubai Metro Red Line, Guangdong Science City Headquarter Phase I, and Doha High Rise Office Tower, and the Company ceased to conduct international projects. Gross profit was $2.3 million, compared to $8.2 million for the same period last year. The gross margin for the first quarter of 2010 was 20.3% versus 22.5% for the same time of prior year, due to increases in raw material, labor and administrative costs in the domestic market of China.
Selling, general and administrative expenses were $4.2 million for the first quarter of 2010, compared with $6.0 million a year ago. The decrease was primarily due to the revenue decrease. Payroll and related costs accounted for approximately 71.8% of total operating expenses, including a $2.0 million charge related to stock grants made in the first quarter of 2010. Consequently, operating loss was $1.9 million for the first quarter of 2010, versus the income from operation of $2.2 million a year ago.
Interest expenses and finance expenses were $1.6 million for the first quarter of 2010, an increase of $0.3 million from $1.3 million a year ago. The increase was mainly due to the use of short-term bank loans.
Income tax expense was $9,575 for the first three months of 2010 at an effective tax rate of -0.3%, compared with nil in taxes for the same period of 2009. The primary reason for the decrease was due to losses incurred by the operations of the Company as still suffering from the effects of the recent international financial crises.
Net loss was $3.5 million, or a net loss of $0.06 per fully diluted share, for the three months ended March 31, 2010, compared to net income of $0.9 million, or $0.02 earning per diluted share, for the same period in 2009.
Liquidity and Capital Resources
The Company had an unrestricted cash balance of approximately $0.5 million as of March 31, 2010, as compared to $0.7 million as of December 31, 2009. Net cash from operating activities was $6.9 million for the first quarter of 2010, compared to net cash from operating activities of $4.3 million for the first quarter of 2009.
Business Outlook
Im thinking the company has been dumping shares, i'll do some DD just to double check.
i like this company they construct the coolest looking buildings
w00t.. it's below $1?! wow
this POS looks cheap down here
Looks like someone's trying to load the boat here. Several big buys in a row, the SP rockets up & the buying ceases allowing it to drift back down. This pattern has happened 3x in last several weeks......They keep trying to get the shares below $1.30. Looks poised to break out again.......
public pick here.............
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 3
glta
2 solid days in a row.........wonder what's up? (other than the share price)
China Architectural Engineering to Acquire Majority Stake in Shanghai ConnGame
Last update: 12/14/2009 8:00:00 AM
ZHUHAI, China and NEW YORK, Dec 14, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ -- China Architectural Engineering, Inc. ("CAE" or the "Company") (CAEI), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that it has signed a letter of intent ("LOI") to acquire 60% ownership in Shanghai ConnGame ("ConnGame"), a MMORPG game developer and operator in exchange for 25 million shares of the Company's common stock. Completion of the transaction is subject to negotiation of a definitive equity transfer agreement that will be subject to a number of closing conditions, including shareholder and regulatory approvals.
ConnGame, founded and led by seasoned experts with extensive previous success in China's online game industry, develops and operates MMORPGs in China. Leveraging its innovative game engines, scalable development platforms, and accomplished production teams, ConnGame focuses on self-developed MMORPGs game titles that are based on China's iconic characters and nostalgic epochs.
"This is a very exciting development for our company and an important move that we believe will ultimately benefit our shareholders," commented Mr. Ken Yi Luo, Chairman and Chief Executive Officer of China Architectural Engineering. "While at first glance CAE and ConnGame may appear to share few common grounds, we expect the acquisition of ConnGame will further expand CAE's core capabilities and accelerate our planned transformation into a high- end architectural design consultant and service provider, as we intend to leverage ConnGame's robust design engines and virtual applications to broaden our service capabilities and scope of architectural collaborations. We envision utilizing ConnGame's cutting-edge technology and innovative online platform to provide technical consulting and advisory services to architects, real estate developers and governments. We view CAE as prominent architectural engineers of physical landmarks and ConnGame as innovative architects of digital engines and creators of iconic virtual worlds. We believe our acquisition of ConnGame will enable CAE to not only continue to take greater advantage of our core architectural engineering and design market but also China's large and rapidly growing online game market."
In anticipation of issuing 25 million new shares of CAE's common stock upon the closing of this acquisition, CAE has withdrawn its previously announced common stock private placement of 17 million shares to certain investors, as the Company has terminated its LOI to purchase land from Zhejiang Nine Dragon Co. However, CAE continues to cooperate with Nine Dragon on its future construction projects which include a marine theme park, movie theatres, premium retail outlets, five-star hotels, and luxurious residential apartments.
About China Architectural Engineering
China Architectural Engineering, Inc. (CAEI) is a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, roofing systems, steel construction systems, and eco-energy systems. Founded in 1992, CAEI has maintained its market leadership by providing timely, high-quality, reliable, fully integrated, and cost-effective solutions. Collaborating with world-renowned architects and building engineers, the Company has successfully completed nearly one hundred large, complex and unique projects worldwide, including numerous award-winning landmarks across Asia's major cities.
For further information on China Architectural Engineering, Inc., please visit
Forward-Looking Statements
In addition to historical information, the statements set forth above may include forward-looking statements that may involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Actual results could differ materially from the expectations contained in forward-looking statements as a result of risks and uncertainties, including, but not limited to, the execution of a definitive acquisition agreement; satisfactory completion of due diligence; attaining shareholder and regulatory approvals; difficulties related to integration and management of the combined operations; reduction or reversal of the Company's recorded revenue or profits due to "percentage of completion" method of accounting and expenses; resolving the dispute with the master contractor on the Dubai Metro Rail Project; the Company's ability to obtain a modification for the Waiver agreement with the bondholders applicable to the proposed acquisition of ConnGame; increasing provisions for bad debt related to the Company's accounts receivable; fluctuation and unpredictability of costs related to our products and services; the Company's plans to enter into real estate development projects such as the Nine Dragons Project; adverse capital and credit market conditions; fluctuation and unpredictability of costs related to the Company's products and services; expenses and costs associated with its convertible bonds, regulatory approval requirements and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company's reports and other filings with the Securities and Exchange Commission.
For more information, please contact: Investor Contact: ICR: Michael Tieu Tel: +86-10-6599-7960 Email: michael.tieu@icrinc.com Bill Zima Tel: +1-203-682-8200 Email: bill.zima@icrinc.com
SOURCE China Architectural Engineering, Inc.
News (kinda): finance.yahoo.com/news/Skymark-Research-Initiates-pz-1503540441.html?x=0&.v=1[tag]
Skymark Research Initiates Independent Research Coverage on China Architectural Engineering, Inc.[/tag]
what is going on today? Why the big jump?
I can't find any news about this company anywhere to explain the jump. Must be some players out there that know something we don't. Look at the volume increase too.
If it hits 2.25 I'm out.
NEWS?? Huge gain today!! Aweseome.
Let's hope we see something soon.
I think they will but might be a while before you see $10. Maybe average down. GL
I missed the $5-10 double bagger and for some reason bought in at $10.72. I've lost 90% of my money...I'm still holdin out... Will this company ever come back from the dead?
On fire today.......starting the next leg up? Impending news? Volume's picked up also.......
What a POS this turned out to be....pps closed below the 200MA and broke below the lower boliie....next stop 1.46....
Link to Insider transactions, Once the KGE group is done dumping we will fly!
http://finance.yahoo.com/q/it?s=CAEI
Insider sales......
4-Sep-09 KGE GROUP LTD
Beneficial Owner (10% or more) 139,075 Direct Sale at $1.70 - $1.73 per share. $239,0002
3-Sep-09 KGE GROUP LTD
Beneficial Owner (10% or more) 78,671 Direct Sale at $1.70 - $1.73 per share. $135,0002
28-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 72,733 Direct Sale at $1.80 - $1.84 per share. $132,0002
27-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 17,800 Direct Sale at $1.80 per share. $32,040
26-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 152,238 Direct Sale at $1.78 - $1.83 per share. $275,0002
25-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 132,065 Direct Sale at $1.80 - $1.82 per share. $239,0002
24-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 209,326 Direct Sale at $1.78 - $1.9 per share. $385,0002
21-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 88,652 Direct Sale at $1.87 - $1.92 per share. $168,0002
20-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 118,204 Direct Sale at $1.90 - $1.96 per share. $228,0002
6-Aug-09 KGE GROUP LTD
Beneficial Owner (10% or more) 5,000,000 Direct Sale at $0.90 per share. $4,500,000
Confused....... With monstor backlog and a Q3 that looks to be superb why the selloff? I'm going to keep buying.. Very cheap right now.
10Q out, monstrous 400% backlog increase. Still getting sold down in pre-market ... time to back up the truck!!
As of June 30, 2009, the total value of backlog quadrupled sequentially to $550 million, from $136 million in the prior quarter. The backlog includes the previously announced Nine Dragons Resort project, which has a three year duration and represents $500 million of the backlog, in addition, to the Changsha Riverfront Cultural Park Museum and Changsha High Speed Train Station projects. CAE defines backlog as the total anticipated revenue from projects already begun and upcoming projects for which contracts have been signed or awarded and pending signing.
Revenues from contracts for the second quarter of 2009 were $30.6 million, versus $41.4 million in second quarter of 2008, as the Company proactively halted the large Singapore project mentioned above. Gross profit was $10.0 million, compared to $13.3 million for the same period last year. Despite of the decrease in gross profit, gross margin increased 50 basis points year-over-year to 32.7% from 32.2% in the prior year's period, and sequentially by 1,000 basis points, from 22.5% in the first quarter of 2009. The strong gross margin expansion reflects the Company's increased leverage from its advanced design capabilities and higher design revenue in the mix.
Nice catch- I didn't bother to check "Pink Sheets" as it came up on YaHoo...- I do see that they filed an accelerated NT so we will have it by or on next Thursday {Fifth calendar day following due date {15th}
They filed an NT back on the 11th (Tuesday). Probably why we've seen a steady decline in price since then. This is still undervalued considering their monstrous back-log. We should see $3 shortly after earnings.
So, do they file an NT or will the filing come out AH today?
Where the sh!t did that come from? Down -20% ... always with the dillution, that hurts.
high 2.84 $$$$$$$$$$$$$$$$
Yes it is.. Just think, Q2 hasn't even been released.. With the annoucement in June and todays release this PPS is way under valued.
filling the gap quickly
CAEI news ... PM way up
http://finance.yahoo.com/news/China-Architectural-prnews-1701803383.html?x=0&.v=58
Up .30 PM (watching it cross on the ticker on CNBC)
Big bump up today ... maybe starting to get some big money attention?
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China Architectural Engineering, Inc., through its subsidiaries, engages in the design, manufacture, installation, and maintenance of structural glass and other light structure building systems primarily in the People's Republic of China, the Middle East, and the United States. It designs and installs various curtain wall systems, including glass curtain walls, stone curtain walls, metal curtain walls, roofing systems, and related products for public works projects and commercial real estate. The company's curtain wall products are specialty wall systems that include a series of glass panels set in metal frames, stone panels, or metal panels, as well as roofing systems and related products. It markets its products primarily through sales representatives. The company was incorporated in 1992 and is headquartered in Zhuhai, the People's Republic of China. China Architectural Engineering, Inc. is a subsidiary of KGE Group, Limited.
"We specialize in high-end curtain wall systems (including glass, stone and metal curtain walls), roofing systems, steel construction systems, eco-energy saving building conservation systems and related products, for public works and commercial real estate projects." From annual report
Website:http://www.caebuilding.com/Home/tabid/36/Default.aspx
Video: http://www.youtube.com/watch?v=Fq-qNMkEJtw Company Officers : Luo Ken Yi, CEO
Outstanding Shares : 51.1 Million
Shanghai Qizhong Tennis Court
The rotating openable roof looks like white Yulan Magnolia flower. .....by day and by night....
Nanjing Olympic Sports Center with Energy Efficient CoatedGlass :
Provides solar control, both minimizing heat gain and controlling thermal transfer, by adding coatings to glass. In addition, coatings add color and varying levels of reflectivity
Beijing Botanical Garden Greenhouse
Bringing the theme, “remembering roots”, to life, the greenhouse was constructed with 8,000 pieces of irregular double-glazed toughened glass panes and a steel structure to create a three-dimensional image of intertwining roots and stems. The spider and point-fixed glass curtain wall systems automatically adjust for temperature, humidity, sun shading, UV exposure, and irrigation. The structure is comprised of an elliptical atrium (bud) and a double -curved radiated sector (leaf). The “bud” is set on the outside surface of the steel truss, and the “leaf” is on the inside, both protecting the steel from the rain forest conditions inside and expressing the theme.
Hangzhou Grand Theater
A crossover double curved shell and an inverted circular cone shell combine to form the three-dimensional appearance, demonstrating not only the spirit of the new millennium, but the attributes of the ancient cultural city, Hangzhou, as well.
Qingdao Digital Technology Center
The project is a large building in the layout of the constellation Gemini and consists of a south building, a north building, and a skirt building between them. The whole external enclosure of the building uses almost a crystal clear glass curtain walls that provide sufficient lighting and a wide view. On the exterior of the building, the architect uses polyhedron curtain walls and divides a curtain wall into two triangles along the diagonal with a certain included angle; the glass components are mainly connected through Low-E glass plus green hollow glass, which are interspersed regularly with frosted hollow glass that is not connected through.
Qintai Culture & Art Center
The building is claded by copper panels and fair faced concrete panels.
Shenzhen International Airport
The structure was designed to give the impression of a great bird in flight. Transparent laminated toughened glass panes were fixed to the columns by spider and point-supported devices.
Lenovo Building
This project covers an area of about 2,000 square meters. The entire structure at the entrance is a large-span suspension single-layer cable point curtain wall. At daytime, the glass looks crystal and transparent; at night, the glass glitters splendidly under the lights, becoming the highlight of the whole building
Beijing Tsinghua University Natatorium
The foyer uses the technology of 3D point fixed glass curtain wall. It is adjustable through entire non-coplanar triangular fixed glass, and stainless steel components support the stick structure.
Doha High Rise Office Building
ARCHITECT: ATELIERS JEAN NOUVEL; China State Construction Engineering Corp.
LOCATION: Qatar
The design evokes the geometric complexity of the oriental moucharabieh, a typical Islamic style of interlaced wooden screenwork, while also functioning as a form of solar protection. The curtain wall is composed of four “butterfly” aluminum elements of different scales. This overall pattern changes in order to provide maximal protection from the strong east and west sun. The inside layer is a reflective glass skin, which complements protection. A system of roller-blinds can also be used when needed.
Shanghai South Railway Station
The multi-point fixed space steel roofing structure and the different tri-layers structural system is a large span transparent roofing system conversely suspending in China.
Zhongguancun Software Park
The “Disc,” with a diameter of 85 meters, is hung 20 meters in the air by radial steel cables and tension cables fixed to four conical steel columns.
The “Disc” uses a high-tech photoelectric system for environmental protection and conservation. Sunlight is converted to electrical energy and stored in photoelectric boards in the laminated glass.
Spider and point-fixed toughened laminated glass shows off the intricate steel structure.
Shanghai Auto Museum
A new-style frameless curtain wall adapting mechanical briquetting connection to eliminate hidden dangers of traditional frameless curtain wall
Library of China Academy of Sciences
The curtain wall and skylight roof of the atrium, stairway, and tea hall of the Library of China Academy of Sciences utilizes point-fix glass technology. The designer purposely put the glass between the main steel frame and the stainless steel rod supporting structure of the curtain wall. This way, people both inside and outside can appreciate the finely processed metal components and stainless steel claws through the glass. Right above the stairway, the skylight roof made of crossed cable looks particularly simple and transparent. The tea hall adopts bent hollow Low-E tempered glass with good thermal effect..
Xiamen Haichang Bridge Museum
Based on the different building elevations required by the east and west anchor bodies of Haichang Bridge, this project adopts different supporting structures such as a steel frame, stainless steel rods, and glass ribs, which have delivered architectural effects of different styles. There is contrast between the rugged and dignified, as well as the soft and fine in the rain canopies, glass stairways, and glass floors.
Greenhouse of Changzhou Dinosaur Park
The entire building is designed as a dinosaur egg with two hemispheres opening in the middle; the two hemispheres are connected by a glass corridor. The long axis of the glass ball is 63 meters long and the short axis is 36 meters long, with the height of the ceiling being 24 meters. The greenhouse is designed on the theme of “source of life” and divided into three major exhibition areas including a tropical plant area, a selected works of garden art area, and a central area, integrating the appreciation, participation, and functions for the purpose of fully displaying the beauty of Nature and the vigor of the modern metropolitan.
******************************************************************************************************************************************************************************************************************************************************
CAE’s business operations started in 1992 and our objective has been to achieve and maintain a leading position in the global commercial construction industry by providing timely, high-quality service solutions to our clients utilizing specialized technical expertise in the design, engineering, fabrication and construction of structural exterior cladding systems. We strive to integrate the latest technology into the engineering design and construction, to provide alternative solutions for architects, and the end users. We are committed to developing and promoting sustainable technologies in the building environment.
CAE and its subsidiary companies specialize in the design, engineering, and installation of high-end curtain wall system with special requirements including:
* glass curtain walls
* stone curtain walls
* metal curtain walls
* roofing curtain walls
Our products have been used widely in many types of buildings. In the past 15 years we have designed and constructed nearly one hundred projects of different scales throughout China and Southeast Asia, including:
* The National Grand Theater
* The Beijing Botanical Garden
* The China Ocean Shipping (Group) Company (COSCO) Office Tower in Beijing
* The Meridian Gate, Exhibition Hall of the Palace Museum in Beijing
* The Shenzhen International Airport
* The Shanghai South Railway Station
* The Nanjing Olympic Park
* The National Convention Center of Vietnam
Most recently, we used our products in a number of commercial buildings in Southeast Asia. We also have several projects under development in North America and the Middle East.
We focus our design, engineering, and installation expertise on distinct product segments requiring unique or innovative techniques as we have extensive experience in providing services requiring complex design and installation techniques and other unusual project needs. We believe we have gained a reputation as a reliable, fully integrated provider of design-build, engineering, installation services with the ability to complete large, complex projects on a timely, cost-efficient basis. By focusing on innovation while outsourcing commoditized manufacturing work, we believe we are able to add artistic and technological value to projects at cost-effective price points.
We were incorporated in the State of Delaware on in 2004. In 2006, we closed a share exchange transaction, pursuant to which we became the 100% parent of Full Art International, Ltd., a Hong Kong company, which has four subsidiaries, including its wholly-owned subsidiary Zhuhai King Glass Engineering Co., Ltd., a company organized under the laws of the People’s Republic of China (KGE).
Located on the Pear River, the Guangzhou Opera House is situated in the Southern area of the CBD of the Pearl River New Town, occupying 10.4 acres of land, with near 400,000 square feet of internal area for the Grand Theater, around 79,000 square feet of internal area for the multi-function theater and 280,000 square feet for the associated facilities. The total construction area is about 753,000 square feet.
*******************************************************************************************************************************************************************************************************************************************************
RCH has over 50 Patents
http://www.caebuilding.com/Corporate/OurPatents/tabid/65/Default.aspx
China Architectural Engineering Reports $106.3 Million Backlog for 2008
Thursday January 17, 9:00 am ET
Sharp Rise Reflection of Successful International Growth Strategy
ZHUHAI, China & LOS ANGELES--(BUSINESS WIRE)--China Architectural Engineering, Inc. (CAE) (AMEX:RCH - News), a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, today reported that its backlog for 2008 currently stands at approximately $106.3 million. The backlog figure consists of 17 separate domestic and international contracts. Of that amount, the Company said it expects to book approximately $80.3 million in new revenue in 2008 based on contracted projects not yet started as of December 31, 2007, with additional revenue of approximately $26 million from projects already underway.
http://biz.yahoo.com/bw/080117/20080117005126.html?.v=1
China Architectural Engineering Announces New Projects Worth $50 Million in Dubai
Tuesday March 18, 3:30 pm ET
Company Will Build Enclosures for Stations, Entranceways, Walkways, Bridges and Parking Lots on What Will Be the World's Longest Fully Automated Transit Line
ZHUHAI, China & LOS ANGELES--(BUSINESS WIRE)--China Architectural Engineering, Inc. (CAE) (AMEX:RCH - News), a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, today announced that it has signed a contract worth approximately $50 million to build external envelopes for stations on the Red Line of the Dubai Metro System. The Company also announced that it expects to be awarded contracts in the range of $80-$100 million for auxiliary structures on the same transit line.
http://biz.yahoo.com/bw/080318/20080318006445.html?.v=1
China Architectural Engineering Awarded $3.8 Million Contract for Renovation of China's National Museum
Thursday March 20, 3:10 pm ET
Management Expects Latest Series of Contract Wins and Rapidly Growing New Business Pipeline to Position Company for Record Year in Revenues and Earnings
http://biz.yahoo.com/bw/080320/20080320005915.html?.v=1
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