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News: $SORL SORL Auto Parts Enters Into Definitive Merger Agreement for "Going Private" Transaction
ZHEJIANG, China, Nov. 29, 2019 (GLOBE NEWSWIRE) -- SORL Auto Parts, Inc. (NASDAQ: SORL) (“SORL” or the “Company”), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, today announced that it ...
Got this from SORL - SORL Auto Parts Enters Into Definitive Merger Agreement for "Going Private" Transaction
News: $SORL SORL Auto Parts Announces Board Changes
ZHEJIANG, China, May 24, 2019 (GLOBE NEWSWIRE) -- SORL Auto Parts, Inc. (NASDAQ:SORL) (“SORL” or the “Company”), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced that it has in...
Got this from https://marketwirenews.com/news-releases/sorl-auto-parts-announces-board-changes-8240500.html
News: $SORL SORL Auto Parts Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
ZHEJIANG, China, April 26, 2019 (GLOBE NEWSWIRE) -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today that its Board of Directors...
Read the whole news https://marketwirenews.com/news-releases/sorl-auto-parts-announces-receipt-of-preliminary-non-binding-going-private-proposal-8063974.html
News: $SORL SORL Auto Parts Reports Record 20% Annual Net Sales Increase in 2018
ZHEJIANG, China, April 01, 2019 (GLOBE NEWSWIRE) -- SORL Auto Parts, Inc. (NASDAQ: SORL) (“SORL” or the “Company”), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced ...
Read the whole news https://marketwirenews.com/news-releases/sorl-auto-parts-reports-record-20-annual-net-sales-increase-in-2018-7921850.html
Stock closed mid range. Either gap up or gap down tomorrow. Which one will it be. $SORL
Earnings report is coming out tomorrow. I am going to be curious if we beat the .19 earnings put out there. I think we may double it.
To my understanding this stock has an insider ownership of roughly 60% by only 3 individuals.
Some light being shined here.
https://www.gurufocus.com/news/656807/riskreward-with-sorl-auto-parts
Four stocks in the Major Auto Manufacturers space, and they are: SORL Auto Parts Inc. (NASDAQ: $SORL ), Kandi Technologies Group Inc. (NASDAQ: $KNDI ), Tesla Inc. (NASDAQ: $TSLA ), and Ford Motor Co. (NYSE: $F )" https://www.barchart.com/story/stocks/quotes/KNDI/1331991/morning-technical-insight-on-these-auto-makers-stocks-sorl-auto-parts-kandi-technologies-tesla-and-ford-motor
"Four stocks in the Major Auto Manufacturers space, and they are: SORL Auto Parts Inc. (NASDAQ: $SORL ), Kandi Technologies Group Inc. (NASDAQ: $KNDI ), Tesla Inc. (NASDAQ: $TSLA ), and Ford Motor Co. (NYSE: $F )" https://www.barchart.com/story/stocks/quotes/KNDI/1331991/morning-technical-insight-on-these-auto-makers-stocks-sorl-auto-parts-kandi-technologies-tesla-and-ford-motor
the price is low is because nobody believes in the honesty of CHINA companies.. just look at other china companies that have gone to zero shortly after posting great earnings.
Still think SORL should be trading above $10/share. A little DD on it should convince any value investor
So why is there such a huge persistent short position here??
Do the accountants or management have some bad history??
been accumulating on the dips - last time in the $3.85
Anybody got any theories???
That's nice But with the book value now at 9.30 (and growing) and ESP of a buck a share (and growing) the PPS on that alone should be above 10 IMO
SORL hit 8.97 p/m very nice
Advanced Auto Parts had a nice day yesterday as well
Based on the PM action so far PPS could trade 100% up today sometime. May not hold but think it will trade there.
Did they do a cc for this ER? Or just a PR? Thanks $SORL
SORL downgraded by ZACKS from BUY to HOLD
SORL Auto Parts downgraded by Zacks Investment Research to hold. https://t.co/Xsd6SkBrtX $SORL #SORL
— US Banking News (@AmericanBanking) July 19, 2017
SORL downgraded by ZACKS from BUY to HOLD
SORL Auto Parts downgraded by Zacks Investment Research to hold. https://t.co/Xsd6SkBrtX $SORL #SORL
— US Banking News (@AmericanBanking) July 19, 2017
Hope you took your profits!! This POS is smoke and mirrors. Chinese pump n dump for years!!!
* * $SORL Video Chart 05-15-17 * *
Link to Video - click here to watch the technical chart video
I am still watching I have shorted this one a couple of times and getting ready to play again for fun.
Any one still watching this one here? It seems to be holding at the 3.00 mark.
That will help move it up. Thanks for the info. I have one program that shows SORL to be worth 6.25 right now. I think it will go up even more after the 4th QTR financials come out.
Copied this off my brokerage site news feed today.
Maybe a catalyst...
SORL Auto Parts
Four major players in the Auto Manufacturers industry, which are: Tata Motors Ltd (NYSE: TTM), Honda Motor Co. Ltd (NYSE: HMC), Ferrari N.V. (NYSE: RACE), and SORL Auto Parts Inc. (NASDAQ: SORL). As per IBISWorld's Global Car & Automobile Manufacturing global market research report released last August, rising incomes in emerging countries will buoy global auto demand. Additionally, auto manufacturers' expansion of small cars portfolios and shift in production to hybrid electric automobiles, also bodes well for future industry growth.
Rui'an, the People's Republic of China headquartered SORL Auto Parts Inc.'s stock finished Monday's session 2.60% lower at $3.75 with a total trading volume of 146,522 shares. The Company's shares have advanced 30.21% over the previous three months and 48.22% since the start of this year. The stock is trading above its 200-day moving average by 49.55%. Additionally, shares of SORL Auto Parts, which manufactures and distributes automotive brake systems and other safety related auto parts in China, have an RSI of 37.62.
On November 14(th) , 2016, SORL Auto Parts reported that net sales increased by 23.0% to $61.9 million in Q3 2016 compared to $50.3 million in Q3 2015. Gross margin for Q3 2016 was 30.1%, compared to a gross margin of 28.0% for Q3 2015. Net Income attributed to stockholders rose by 55.4% to $3.2 million in Q3 2016 from $2.0 million in Q3 2015. The company's basic and diluted earnings per share were $0.17 in Q3 2016 compared to $0.11 in Q3 2015.
I dont know what is going on their earnings are up and they keep going down. They should be in the 5.00 range insted of the 3.75 it is.
Why is SORL languishing? Because it's a China company in a Trump economy? Anybody know what's going on with this stock? Manipulation?
I'm in for a few hundred also.
I bought a couple hundred @ 4.04
SORL is poised, but it's kind of not a sexy commodity (brake parts China...) until you take a closer look. Only 19.3 million shares outstanding for starters.
Yes, it's China (tariffs, ugh) but they have a global reach and a plural customer base as a result.
Gotta get the word out to more people, get the share price up (further). More volume. Yesterday's sell-off was profit-taking of the small core of investors that exist. Not a big deal.
Watch for the daytraders on this one too. Sykes crew could drop in any time...
the sales are up and the profit is up. why the sell off today
I am following SORL. Depending on what happens Monday will decide what move I make. But I am not investing until the 3rd quarter report comes out.
SORL > Impressive technicals: impressive fundamentals. > Huge revenue/profit growth > brake parts in China, over a billion vehicles in China need brake parts replacements.
+ Zacks all over SORL big time > #1 STRONG BUY rating.
SORL has a forward PE of 5.07 according to Zacks in PR released today.
SORL $4.44 from $2s wow. Beast mode
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Earnings: 10Q ~ http://ih.advfn.com/p.php?pid=nmona&cb=1211225670&article=26303686&symbol=N%5ESORL
1Q profit rose 68%
Motley Fools 5 Star Ranking
No 1169 Yumeng Road
Ruian Economic Development Zone
Ruian City,
China - Map
Phone: 86 577 6581 7720
Fax: 86 577 6581 7733
Web Site: http://www.sorl.cn
DETAILS
Index Membership: N/A
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Full Time Employees: 2,005
Company Overview
SORL Auto Parts, Inc. (the ¡°Registrant¡± or the ¡°Company¡±) is engaged in the business of manufacturing and distributing automotive air brake valves and related components for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both in China and internationally under the SORL trademarks. The Company¡¯s product range includes 40 categories of brake valves with over 800 different specifications. According to an announcement of National Bureau of Statistics of China and China Association of Automobile Manufacturers (¡°CAAM¡±) in June 2006, the Company ranks among the top 100 automotive component suppliers in China.
SORL Auto Parts, Inc. is the largest commercial vehicle air brake system manufacturer in China. The Company distributes products both in China and internationally under the SORL trademarks. In general, customers are divided into three groups: OEM in China, aftermarket distributors in China, and international customers, accounting for approximately 32%, 28% and 40%, respectively, of the Company¡¯s annual sales for 2006.
For OEM market in China, SORL Auto Parts, sells its products to thirty-nine (39) vehicle manufacturers. The Company has established long term business relationships with most of the major automobile manufacturers in China, such as FAW Qingdao Automobile Works, First Auto Group Purchase Dept. Dongfeng Axle Co.,Ltd., Beiqi Foton Motor Co., Ltd., Zhucheng Automobile Works, Liuzhou Special Auto Manufacturing Co.Ltd.
For the After Market in China, Sorl Auto Parts, Inc. has established a sales networks of twenty-eight authorized distributors covering the following seven regions nationwide. The 28 distributors sell only ¡°SORL¡± products and in turn channel the products through over 800 sub-distributors.
For International Market SORL Auto Parts, Inc. has signed agreements with three distributors in UAE, Australia and the US. It also actively participates in international trade shows at Paris, Frankfurt, Dubai and Las Vegas, to update its knowledge on automobile technology and local market trends and to acquire new customers and new orders. The Joint Venture has sold products to over seventy-two (72) countries. Total Export sales in 2006 increased by 45% compared to that in 2005.
The Company obtained ISO9001/QS9000/VDA6.1 System Certifications in 2001. In 2004, the Joint Venture passed the ISO/TS 16949 System Certification conducted by the TUV CERT Certification Body of TUV Industrie Service GmbH, and passed the annual review in 2005. The ISO/TS 16949 system, a higher standard compared to and the replacement for ISO9001/QS9000/VDA6.1 System, was enacted by the International Automotive Task Force and is recognized by the world¡¯s main automobile makers and ISO 14001/OHSAS18001 Environment/Safety Administration system.
Management
XIAO PING ZHANG - CHAIRMAN OF THE BOARD OF DIRECTORS AND CEO
Xiao Ping Zhang has served as Chief Executive Officer and chairman of the board since our inception. He founded the Ruili Group, a company specializing in a variety of automotive parts and components, in 1987, and has served as chairman of the Ruili Group since then. In 2003, he was elected the President of the Wenzhou Auto Parts Association the largest automotive parts trade association in China with more than 1000 members, and Vice-President of the China Federation of Industry and Commerce Auto and Motorbike Parts Chamber of Commerce. Mr. Zhang is also a member of the Standing Committee of the People¡¯s Congress in Rui¡¯an City, Zhejiang, China. Mr. Zhang graduated from Zhejiang Radio and TV University in 1986 with a major in Industrial Management. He is the brother of Xiao Feng Zhang.
XIAO FENG ZHANG - CHIEF OPERATING OFFICER AND DIRECTOR
Xiao Feng Zhang has served as Chief Operating Officer and a member of the board of directors since our inception. He is responsible for sales and marketing. Mr. Zhang co-founded the Ruili Group with his brother, Mr. Xiao Ping Zhang, in 1987, and served as the General Manager of the Ruili Group until March 2004. Mr. Zhang received his diploma in economics from Shanghai Fudan University in 1994. He is the brother of Xiao Ping Zhang.
SORL Auto Parts Reports 36% Revenue and 40% Net Income Growth for 2007 http://www.sorl.cn/disnews.asp?id=Mjc3
2007 Achievements
In March 2007, SORL announced that it entered into a new sales agreement with India's largest commercial vehicle manufacturer, TATA Motors, to supply air brake valves and related products. In addition, SORL also announced that the Company opened a sales center in India to focus on OEMs and the aftermarket in the Indian market.
In October 2007, SORL announced the purchase of land rights, a manufacturing plant and an office building with a total floor area of 66,177.91 square meters, or 712,333 square feet, from Ruili Group Co. Ltd., for US$20 million. The appraisal of the assets was conducted by the leading independent appraiser, DTZ Debenham Tie Leung Ltd., and total asset value was appraised at US$20.3 million. As a result of this transaction, the acquired capacity expansion is expected to meet the Company's growth demands for the next 2 to 3 years. In addition, SORL purchased approximately US$7 million of advanced equipment to both add capacity and efficiency to its production capabilities.
In October 2007, SORL was also designated as the exclusive air brake parts supplier for the estimated 2,400 new municipal buses the City of Tianjin is purchasing. These new buses are being acquired to both help solve the transport needs of the city's residents and to accommodate the expected larger transportation demands of the nearby Beijing 2008 Olympics. Additionally, the city of Beijing, has also chosen SORL as a designated air brake parts supplier for its municipal bus fleet. Nationally, it is estimated China had over 341,000 municipal buses. Due to their almost nonstop operation, municipal buses require frequent maintenance and the replacement of their brake systems.
In October 2007, SORL announced that it has entered into a technology development agreement with China's second largest heavy-truck maker, Baotou North- Benz Heavy Duty Truck Co. Ltd. With this new agreement, SORL became a major long-term supplier of air brake products to North-Benz.
Outstanding
18.3 mil
Daily Chart:
[chart]stockcharts.com/c-sc/sc?s=sorl&p=D&yr=0&mn=3&dy=0&id=p47668199735[/chart]
Weekly Chart:
[chart]stockcharts.com/c-sc/sc?s=sorl&p=W&yr=1&mn=0&dy=0&id=p55240502261[/chart]
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