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8:41AM China-Biotics says it has received the Good Manufacturing Process approval from the Shanghai Food and Drug Administration for its new production facility in Qingpu Industrial Park (CHBT) 16.27
I follow the CGS board and see allot of top 10 predictions for 2010. It is rare to see China-Biotics on any of the lists. I feel this will change by 2011, and should change presently. These guys just opened their new 150 ton (x12 capacity expansion) manufacturing plant in March 2010. On top of this they broke ground the second phase of this buildout (another 150 ton plant) in December 2009. They say that the first 150 ton plant will be running @ 50% utilization rate by Dec. 2010. This is a $404M market cap company as of 4/3/10 with $151M cash balance. Even with the gradual ramp up of capacity utilization the company is still guiding at least 50% rev growth for 2010! What do you think the rev % growth will be for 2011? 2012? Even my challenged napkin math ratios tell me this company is going places...fast! The market cannot ignore this kind of value and growth forever.
IOH
NY Times article mentions growth of probiotics market in US
http://www.nytimes.com/2010/03/25/fashion/25Tea.html?src=me&ref=general
Pre and Probiotics on TV
Was watching television yesterday and saw an advertisement for "prebiotics" in dog food. "Biotics" are becoming quite popular on TV.
"...prebiotics are beneficial as they selectively stimulate the growth and/or activity of one or a limited number of bacterial species that are already present in your dog’s colon. Sugar-hungry yeast, fungi and others can’t utilize this form of sugar. Compared to probiotics, these carbohydrates in fact work indirectly towards the same end result as they help fight undesirable bacteria. As the ‘good guys’ (Bifidobacteria) benefit and begin to thrive, the ‘bad guys’ are just getting squeezed out."
I'm hoping the shorts will be "squeezed out" in about the same manner.
http://www.best-dog-food-guide.com/prebiotics.html
I see this TV ad quite often also...
http://www.phillipsrelief.com/colon_promote.html
IOH
Operating margins remain constant from FY2009 through Q1 and Q2 2010 as bulk additives % (as a % of revenues) rises
*******
Revenue 2009 = $54.4M
Operating Income 2009 = $21.8M (40% of revenue)
Net Income 2009 = $20.0M (36.7% of revenue)
Bulk additives (as % of revenue) in 2009 = 8.3%
http://www.sec.gov/Archives/edgar/data/1271057/000114420409037148/v153048_10k.htm
*******
Revenue Q1 2010 = $16.5M
Operating Income Q1 2010 = $6.83M (41.5% of revenue)
Net Income Q1 2010 = $5.8M (35% of revenue)
Bulk additives (as % of revenue) in Q1 2010 = 23.2%
http://www.sec.gov/Archives/edgar/data/1271057/000114420409043661/v157311_10q.htm
*******
~~~ Excluding a book loss related to the revaluation of convertible notes~~~
Revenue Q2 2010 = $18.2M
Operating Income Q2 2010 = $7.5M (41.1% of revenue)
Net Income Q2 2010 = $5.9M (32.4% of revenue)
Bulk additives (as % of revenue) in Q2 2010 = 32%
http://www.sec.gov/Archives/edgar/data/1271057/000114420409059768/v165950_10q.htm
good point....
But they work much more than we do for much less than we do....that is why the future is in China
I follow it pretty closely. Here are my thoughts on the matter:
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=285493&t=01002369577629579104&source=itxsitmot0000001
The only thing that concerns me here is that they produce probiotics for 1/6th the cost of their European competitors. At first glance this sounds great; However, it does make one wonder about the quality of their product offering. You know about the ever present Chinese scams.
IOH
CHBT looks very promissing for 2010...expecting again 50% growth of revenues. Margins 70%......
Anybody follows it?
Seems like good value play here. I do not have position.
Make that me, IBD and 4.6 million new shares.
mAd...after listening to the conference call it appears I am waiting on a North American company after all. China-Biotics management said that the $80M offering would be used for M&A and they said there were a few interesting prospects in North America.
I have to shake my head on this one. Pre M&A I had an attractive risk/reward, little to no risk with a substantial reward. Now I cannot quantify risk (always a bad sign) and the reward looks to be about the same (if not worse...akin to throwing good Yuan after bad dollars).
I'd like to suggest my cat for the head of CHBT's M&A dept. She doesn't eat much and tends to go in her potty box (as opposed to all over the shareholders).
MW
Waiting game...sure glad I'm waiting on a company in China instead of the US.
MW
Roth upgrade to Buy, Sell the News ---
Does sell the news work in China? This company is increasing their manufacturing capacity by 12.5 times, expanding from approx. 100 to 300 retail stores in 2009 and plans to create another 300 retail stores in 2010, and has a present P/E of 8.2 (not to say I'm complaining about the low price).
MW
I am new in CHBT
I did not do a full DD on it but at first glance I like the stock. They are pushed by CCG and if they can do 1/2 the job they did with UTA/UTLV we are in good shape.
The production increase plan is very impressive. I will call them and check if they really have the sales channel to unload all of that production.
I am a position in it and plan to increase it.
Let's revive this Board and discuss it.
Digi
Graduated from OTCBB to NASDAQ
10/23/2008 CHBT >>> CHBT China-Biotics, Inc. Common Stock NGM 196,249,200
http://www.otcbb.com/dynamic/tradingdata/daily/graduations.htm
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SHANGHAI, China, Sept. 9 /Xinhua-PRNewswire-FirstCall/ -- China-Biotics, Inc. (OTC:CHBT) (BULLETIN BOARD: CHBT) ('China-Biotics," "the Company"), a leading Chinese firm specializing in the manufacture, research, development, marketing and distribution of probiotics products, today announced it has begun to install equipment for its new manufacturing facility.
The new facility, occupying approximately 789,000 square feet, is located in Qing Pu Industrial Park (the 'Park') in Shanghai. Phase 1 of the project will comprise three main buildings and will have a production capacity of 150 metric tons of probiotics per year.
'We are delighted that construction of our new plant is on schedule,' said Mr. Jinan Song, China-Biotics' Chairman and Chief Executive Officer. 'We are now installing major manufacturing equipment, and we look forward to commencing production by December 2008.'
we will be updating the ibox this week thank you for your patience
also... please, if you have any questions that we could add to a couple of surveys, please feel free to share them with me.
thanks to everyone in advance!
Excellent DD jscot... thanks
imo those numbers are incredible imo
China-Biotics plans to launch 300 Shining brand retail outlets in major cities in China. Currently, China-Biotics is strategically expanding its production capacity of probiotics to meet growing demand in the bulk additive market. For more information, please visit http://www.chn-biotics.com/ .
First Quarter 2009 Highlights
• Net sales increased 19.5% year-over-year to $11.4 million
• Gross profit increased 18.2% year-over-year to $8.1 million
• Gross margin was 71.3%, up from 66.3% in the fourth quarter of 2008
• Net income was $3.2 million
• Excluding a $1.2 million loss related to the change in fair value of convertible notes, net income increased 26.4% year-over-year to $4.5 million, or $0.23 per diluted share
• Added 23 retail outlets during the quarter, bringing the total number of outlets to 83 in nine cities in China
• Signed agreement with a subsidiary of Holiland Enterprise Investment Management Co., Ltd. (“Holiland”) to supply probiotics for Holiland’s bakery products
• Signed agreement with Jiangxi Lijia Pharmaceutical Co., Ltd. (“Lijia”) to supply probiotics for Lijia’s probiotics-based dietary supplements in both powder and tablet forms
• Established three board committees in preparation for future stock exchange listing •Filed application for listing approval on the Nasdaq Global Market
*DD
Products Video, must have Real Video Player:
http://www.chn-biotics.com/c4427/
*DD*
Headquartered in Shanghai, China-Biotics, Inc. was founded in 1999 and is one of China’s largest suppliers of probiotics. Probiotics are beneficial, live bacteria used as dietary supplements and food additives to improve intestinal health and digestion. The Company’s product portfolio contains live microbials made with proprietary technology. Currently, these products are sold over-the-counter under the “Shining” brand through large distributors to more than 1,000 pharmacies and 100 supermarkets in Shanghai, Jiangsu and Zhejiang. Shining is one of the most recognized brands in Shanghai. The company also supplies probiotics as bulk additives for the food industry.
The “Shining Probiotics” trademark was registered in 2005. The production process has received four certifications (ISO 9001, ISO 14001, OHSAS 18001 and HACCP, a U.S. FDA designation required for all imports into the U.S.), all verified by the TÜV Rheinland/Berlin-Brandenburg Group of Companies. China-Biotics also holds three patents that protect production and sales of its flagship product, Shining Essence, and trademark protection related to Shining Essence through 2011.
The company's most recognizable customers include Bright Dairy and Relax Xinqiao. In March 2006, the first retail store was opened in Shanghai. It plans to expand the retail network to as many as 300 Shining brand retail centers during the next two years.
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China-Biotics, Inc. ("China-Biotics," "the Company"), a leading manufacturer of biotechnology products and supplements, engages in the research, development, marketing and distribution of probiotics dietary supplements. Through its wholly owned subsidiary, Shanghai Shining Biotechnology Co., Ltd., the Company has operations in Shanghai. Its proprietary product portfolio contains live microbial nutritional supplements under the "Shining" brand. Currently, the products are sold OTC through large distributors to pharmacies and supermarkets in Shanghai, Jiangsu, and Zhejiang. China-Biotics plans to launch 300 Shining brand retail outlets in major cities in China. Currently, China-Biotics is strategically expanding its production capacity of probiotics to meet growing demand in the bulk additive market. For more information, please visit http://www.chn-biotics.com
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