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BEFUT Global Inc. (BFTI)

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Last Post: 10/18/2019 7:07:27 AM - Followers: 15 - Board type: Free - Posts Today: 0

(1) BFTI Presentation: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7457672-13010-18158&type=sect&dcn=0001144204-10-048974

(2) BFTI English and Chinese Websites: http://www.befut.com/

 From BFTI website:

"Dalian, the most famous city of north China, is stepping on the world stage with its beautiful environment and solid economic power. Dalian Befut Wire & Cable Manufacturing Co., Ltd. is headquartered in Dalian. The company has been investing hundreds of million yuan to construct Befut Industrial Estate covered an area of 150,000 m2 in ChangXing Island which is the third largest island of China. With shipbuilding, nuclear power plant construction, and other advantages in ChangXing Island, Befut is focusing on manufacturing marine cables, and other special cables. In the field of high-tech products, Befut has won competition unceasingly, standing on the forefront of the industry, and gradually have the overall strength entering into the global market. Befut takes full account of the market demands, understands the demands of the shipyard, steel, coal, nuclear power plants, offshore oil platforms in-depth, and has created well-designed cables for special purposes, and special occasions. This has met customers' demands, while improved the company’s product technology as well. In 2008, only half of the year, Befut has applied for 5 patents. Now, Befut has ascended among the domestic high-tech cable manufacturing enterprises. In early 2009, Befut Industrial Estate in ChangXing Island is going to put into operation. The company expects to reach the output value more than 5 billion yuan within 5 years. The market of Befut will expand to the whole nation, even to the whole world with the center of Bohai Rim."

(3) Quarterly Financial Reports - Revenue and Earning (all numbers in thousands except otherwise mentioned):

Quarter Revenue Cost of Good Sold Gross Profit SG & A Net Income Total Share Count (million) Earning Per Share (cent) Gross Profit Margin (%)
June Q/09 6,126 4,101 2,025 458 370 29.511 1.25 33.05
September Q/09 5,484 3,863 1,621 610 690 29.511 2.34 29.56
December Q/09 7,126 5,235 1,891 457 994 29.512 3.37 26.54
March Q / 10 6,708 5,003 1,705 743 692 29.513 2.35 25.42
 June Q/10 11,940 8,856 3,085 2,152 2,136 29.716 7.19 25.84
 September Q/10 15,930 11,671 4,260 1,050 2,248 29,716 7.57 26.74
 December Q/10 14,871 10,954 3.917 1.182 1,937 29.716 6.52 26.34
                 
                 
                 
                 
                 

(5) BFTI Background Information of Reverse Merge: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51222678

(6) September Q, 2009 Quarter Report Regrading the Completion of Phase 1 New Changxing Island Production Plant:

"Recent Developments

As we reported under Item 5 of Part II of this report, we received a bank loan of approximately $14.64 million from the PRC National Development Bank Joint Equity Corporation. We plan to use the net proceeds to purchase production lines, to pay construction costs relating to our Changxing Island facility and for working capital purposes associated with such construction and production lines.

In 2006, we commenced the construction of a manufacturing plant in the industrial zone on Changxing Island, which is 120 kilometers away from Dalian, for the main purpose of specialty cable production. As of the date of this report, we have completed the first phase of the construction, which includes 45,000 square meters of construction space on a parcel of land of 65,000 square meters. The construction includes production facility of 24,964 square meters, warehouse of 5,326 square meters, office building of 8,264 square meters, and other supporting facilities of 6,923 square meters (“Changxing Island Phase I Construction”). We have obtained land use rights to land of 85,000 square meters of property for the second phase of construction (“Changxing Island Phase II Construction”).  We plan to commence our Changxing Island Project Phase II Construction when our Changxing Island Project Phase I Construction reaches full capacity in approximately three years or when we identify an appropriate strategic partner, whichever comes earlier. The main purpose of Changxing Island Phase II Construction is to expand our production capacity for specialty cable by introducing strategic alliances, integrating technology and industrial resources so as to make Dalian Befut the most competitive specialty cable producer in China and at the same time strive to enter the international cable market. After the completion of both phases, this project is anticipated to occupy a total of 150,000 square meters, with building construction of 87,000 square meters. We expect Changxing Island Phase I Construction to be operational by the end of 2009. "

(7) March Q, 2010 Business Outlook:
Primarily for the reasons described below, we believe we will experience annual sales growth of more than 70% for our next fiscal year ending June 30, 2011.

Among our more than 200 customers, approximately 30 are considered "large" customers with average annual specialty cable order needs of more than $7 million. Due, in part, to our past limited production capacity, we were not able to accept large-volume orders from these customers. With the recent completion of our new factory, which started operations in early 2010, we now have the ability to produce specialty cables in large volumes. Thus, in the quarter ended March 31, 2010, we began to adjust our sales strategy to focus mainly on accepting large-volume orders. We estimate that in our fiscal year ending June 30, 2011, we will accept large-volume orders (more than $700,000 each) from more than 30 existing and new customers, including petrochemical companies, mining and metallurgical companies, nuclear power plants and shipbuilding companies. We expect these customers to generate sales of about $45 million, which we estimate will account for approximately 80% of our total sales for our fiscal year ended June 30, 2011. We plan to add "large" customers each year as there are currently more than 100 companies located in northern China with average annual specialty cable order needs of more than $7 million."


 

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PostSubject
#354   $BFTI Tier_Change: Grey Market to Expert Market Golden_Cross 10/18/19 07:07:27 AM
#353   Blog post on BFTI nodummy 07/01/19 10:21:16 AM
#352   BFTI SEC Suspension "because of questions that have Renee 07/01/19 09:36:14 AM
#351   Power sold my 35000 shares this morning at Danto 03/29/19 11:25:17 AM
#350   under 10 cents today? Crawfors 03/29/19 08:11:24 AM
#349   i got in at 82 and out at Crawfors 03/28/19 02:35:13 PM
#348   Hopefully you got out unscarred. I wish I Danto 03/28/19 02:24:18 PM
#347   get ready, this is about to crash down Crawfors 03/28/19 12:51:43 PM
#346   interesting is NHEL the other one they got Crawfors 03/28/19 12:19:35 PM
#345   I am in deep with this and NHEL. Danto 03/28/19 12:12:02 PM
#344   yeah, just take the loss and get out lol Crawfors 03/28/19 10:53:02 AM
#343   We’re you boys playing with equity traders...got caught Danto 03/27/19 10:04:17 PM
#342   Womp WOMP Crawfors 03/26/19 03:04:43 PM
#341   Sounds like you are familiar with them! I Zemley1 03/16/19 10:18:42 AM
#340   because the firm that called you were liars Crawfors 03/14/19 11:48:09 AM
#339   Unloaded about 1/4 in the .50s but am Zemley1 03/14/19 09:39:01 AM
#338   were you able to unload your position before Crawfors 03/14/19 08:24:39 AM
#337   i think it's just going to keep dropping dude. Crawfors 03/06/19 11:51:53 AM
#336   I hoping to unload some this week, or was Zemley1 03/06/19 11:45:17 AM
#335   i imagine it will be short lived lol Crawfors 03/06/19 10:27:39 AM
#334   Like that shorting, gaining .23 Zemley1 03/06/19 09:22:37 AM
#333   mondays volume was 93% shorts LOL Crawfors 03/06/19 07:40:49 AM
#332   Some movement this morning, keep it up! Zemley1 03/04/19 12:48:54 PM
#331   I know what you mean,i'm stuck with this Zemley1 03/01/19 07:47:41 PM
#330   how many more people are they bringing in Crawfors 03/01/19 04:07:05 PM
#329   Have been buying dividend stocks for the last Zemley1 02/28/19 08:29:24 AM
#328   Never did, just promises!lol Zemley1 02/28/19 08:28:07 AM
#327   did you get your warrants? lol Crawfors 02/27/19 02:37:02 PM
#326   Lots of potential imo. Adding;) Impacto 02/27/19 12:21:17 PM
#325   Believe me i'm disappointed, i was expecting more upside! Zemley1 02/27/19 12:18:29 PM
#324   eh i may just dump my shares before Crawfors 02/27/19 10:18:08 AM
#323   I believe it will bounce back to the Zemley1 02/27/19 09:53:29 AM
#322   it should sit at 50-60c for a few Crawfors 02/27/19 07:17:41 AM
#321   BFTI needs to get some news out,the news Zemley1 02/25/19 10:22:00 PM
#320   is it tuesday yet!? COME OOOOOOOON Crawfors 02/18/19 04:16:53 PM
#319   here you go Crawfors 02/01/19 07:11:05 PM
#318   are we going to see news drop soon? Crawfors 01/29/19 03:12:37 PM
#317   nope...big buys coming in now... should see a 1TIMEPLEASEGOUPPPPP 01/29/19 02:09:05 PM
#316   for sure! Crawfors 01/29/19 02:08:22 PM
#315   took a started here today... due for a 1TIMEPLEASEGOUPPPPP 01/29/19 10:40:36 AM
#314   go on? Crawfors 01/11/19 06:48:46 PM
#313   Yeah moves mtrendspotter 01/03/19 12:04:15 PM
#312   BEFUT International Co., Ltd. changed to BEFUT Global Inc. Renee 10/05/17 05:40:02 PM
#311   Name change and increase of the A/S to DaReal 09/30/16 02:56:12 AM
#310   BFTI,gaining Massive Attention amd Momentum kranthikumar 07/11/13 09:51:18 AM
#309   Minding 06/13/13 01:56:35 PM
#308   I'm happy to hear you're still around. Minding 11/27/12 12:06:53 PM
#307   Thanks Minding. Yes, I am still around and northenlightsk 11/13/12 12:01:48 PM
#306   Hi NL, Minding 11/12/12 09:29:18 AM
#305   I believe that it is trading, but nobody northenlightsk 10/04/12 10:52:33 AM
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