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CPQQ 233% capacity expansion on line by April 30!
_______________________________________________________________
China Power Equipment Updates Progress in its New Plant and Second Alloy Source
CPQQ.OB 2.95 0.00
Press Release Source: China Power Equipment, Inc. On Monday April 12, 2010, 6:30 am
XI'AN, China, April 12 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment" or "China Power" or the "Company") (OTC Bulletin Board:CPQQ.ob - News), the manufacturer of a new generation of energy saving electric transformers and transformer cores in the People's Republic of China, today updated its progress in its new plant and in a possible second source for amorphous alloy.
Mr. Yongxing Song, Chairman and Chief Executive Officer of China Power Equipment, Inc., in his prepared remarks at an investment conference hosted by Roth Capital Partners, LLC., in Beijing, China on April 10, 2010 said, "We expect to complete the installation of all the production equipment in our new plant for manufacturing amorphous alloy transformer cores by April 30.
"That milestone is important because it will help to qualify us further as a reliable supplier of high-quality cores at high production volumes, which can influence the government and our customers in granting orders for our products. The new plant will add 5,000 metric tons of annual capacity for amorphous alloys cores, bringing our total capacity to 6,500 metric tons per year.
"Assuming we win the new orders that we believe can be achieved, we could start delivering amorphous alloy cores for some of those new orders from the new plant as early as May 2010. Until then, we will shake down the production line by running pre-production volumes to qualify the line. Once qualified, we will begin producing amorphous alloy cores in this new second plant for our current customers in partnership with our first core plant.
"I also will give you an update on the tests of amorphous alloy cores we have manufactured using test amorphous alloy strip created by Beijing Advanced Technology & Science Materials Co., Ltd. ("AT&M").
"Based on the tests run by electric grid companies and by our customers, one electric grid company, so far, in the Henan province, has signed the first order with us for an initial production of 52 metric tons of transformer cores, assuming that AT&M will produce this alloy. We have not disclosed the pricing in the order, but it is competitive with the pricing for our cores made with alloy from Hitachi Metals Co., Ltd. ("Hitachi"), our primary supplier.
"So far, the AT&M alloy appears to perform well for certain transformer applications, based on the initial results in the tests currently being conducted. If AT&M becomes a qualified high-volume supplier, it would add a second major supplier to the global market for amorphous alloy. AT&M's entry would not cause us to reduce our orders or affect our good relationship with Hitachi."
China Power Equipment was one of the first transformer core makers to produce an operating core, using the AT&M test alloy, that met China's national standard for electricity consumed under operating load.
China Power Equipment received the test amorphous alloy in September 2009. After five months, China Power had analyzed the performance characteristics of AT&M's test alloy, modified China Power's processing technology, including annealing, to optimize the alloy's attributes, and successfully produced amorphous alloy cores with operating capacities of 315 kilovolt-amperes, 400 kilovolt-amperes, 500 kilovolt-amperes, and 630 kilovolt-amperes, all stepping down 10,000 volts to 220 volts.
In February 2010, a China Power Equipment transformer core, model SBH15-M-315KVA, using the AT&M alloy, running at a volume of 315 kilovolt-amperes, consumed 163 watts of electricity, which is 4 percent better than the Chinese national standard for transformer electricity consumption. All the other operating parameters of the test core were also good. Units of this model were provided to transformer makers and electric grid organizations for test. This transformer size is the most frequently used unit in rural China.
Mr. Song continued, "I think it is remarkable that we were able to go from the research and development stage for cores using this test alloy all the way through to market testing in only five months. Our R&D and production teams, working closely together, have achieved a major milestone that should give China additional ability to benefit from amorphous transformers and should give customers and electric grid organizations an additional choice in specifying step-down cores and transformers."
CPQQ 233% capacity expansion on line by April 30!
Great board Burp!
_______________________________________________________________
China Power Equipment Updates Progress in its New Plant and Second Alloy Source
CPQQ.OB 2.95 0.00
Press Release Source: China Power Equipment, Inc. On Monday April 12, 2010, 6:30 am
XI'AN, China, April 12 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment" or "China Power" or the "Company") (OTC Bulletin Board:CPQQ.ob - News), the manufacturer of a new generation of energy saving electric transformers and transformer cores in the People's Republic of China, today updated its progress in its new plant and in a possible second source for amorphous alloy.
Mr. Yongxing Song, Chairman and Chief Executive Officer of China Power Equipment, Inc., in his prepared remarks at an investment conference hosted by Roth Capital Partners, LLC., in Beijing, China on April 10, 2010 said, "We expect to complete the installation of all the production equipment in our new plant for manufacturing amorphous alloy transformer cores by April 30.
"That milestone is important because it will help to qualify us further as a reliable supplier of high-quality cores at high production volumes, which can influence the government and our customers in granting orders for our products. The new plant will add 5,000 metric tons of annual capacity for amorphous alloys cores, bringing our total capacity to 6,500 metric tons per year.
"Assuming we win the new orders that we believe can be achieved, we could start delivering amorphous alloy cores for some of those new orders from the new plant as early as May 2010. Until then, we will shake down the production line by running pre-production volumes to qualify the line. Once qualified, we will begin producing amorphous alloy cores in this new second plant for our current customers in partnership with our first core plant.
"I also will give you an update on the tests of amorphous alloy cores we have manufactured using test amorphous alloy strip created by Beijing Advanced Technology & Science Materials Co., Ltd. ("AT&M").
"Based on the tests run by electric grid companies and by our customers, one electric grid company, so far, in the Henan province, has signed the first order with us for an initial production of 52 metric tons of transformer cores, assuming that AT&M will produce this alloy. We have not disclosed the pricing in the order, but it is competitive with the pricing for our cores made with alloy from Hitachi Metals Co., Ltd. ("Hitachi"), our primary supplier.
"So far, the AT&M alloy appears to perform well for certain transformer applications, based on the initial results in the tests currently being conducted. If AT&M becomes a qualified high-volume supplier, it would add a second major supplier to the global market for amorphous alloy. AT&M's entry would not cause us to reduce our orders or affect our good relationship with Hitachi."
China Power Equipment was one of the first transformer core makers to produce an operating core, using the AT&M test alloy, that met China's national standard for electricity consumed under operating load.
China Power Equipment received the test amorphous alloy in September 2009. After five months, China Power had analyzed the performance characteristics of AT&M's test alloy, modified China Power's processing technology, including annealing, to optimize the alloy's attributes, and successfully produced amorphous alloy cores with operating capacities of 315 kilovolt-amperes, 400 kilovolt-amperes, 500 kilovolt-amperes, and 630 kilovolt-amperes, all stepping down 10,000 volts to 220 volts.
In February 2010, a China Power Equipment transformer core, model SBH15-M-315KVA, using the AT&M alloy, running at a volume of 315 kilovolt-amperes, consumed 163 watts of electricity, which is 4 percent better than the Chinese national standard for transformer electricity consumption. All the other operating parameters of the test core were also good. Units of this model were provided to transformer makers and electric grid organizations for test. This transformer size is the most frequently used unit in rural China.
Mr. Song continued, "I think it is remarkable that we were able to go from the research and development stage for cores using this test alloy all the way through to market testing in only five months. Our R&D and production teams, working closely together, have achieved a major milestone that should give China additional ability to benefit from amorphous transformers and should give customers and electric grid organizations an additional choice in specifying step-down cores and transformers."
CPQQ definitely a winner for 2010. I don't believe that there are many companies with a comparable growth potential in the chinese small caps universe like CPQQ.
Hi Stills,
$89M in receivables is too much...more than half of their Market Cap.
I love the company and their product (WFDS), but after listening to the conference call, and the way they answered the question about the receivables I decided to sell. IMHO they are never going to get that money...
A month ago the CEO said: " We also made further progress during the quarter in collecting long-term receivables from our previous customers who were subsequently absorbed by the remaining "Big 3" Wireless Carriers" this didn't happend.
Total Bull&%$# as it got much worst...89M in receivables in 4Q versus 59M in the 3Q... That's 30M in 3 months!
I might rebuy the stock if it drops much more (which I believe it will happend), but I'm not as hopeful on the company's potential as I was before.
Due to the receivables issue, IMHO, I find it hard for this stock to negotiate at a PER higher than 15.
The offering will also hit the stock in the future. I bet they will issue some nice PRs to push the stock price up, and when the PPS gets higher they'll announce the offering.
I've seen that happend before...
Take care.
NEP China North East Petroleum Hldng Ltd. (AMEX:NEP) is the 2nd most profitable stock in this segment of the market. Its net profit margin was 39.20% for the last 12 months. Its operating profit margin was 64.02% for the same period.
http://www.cnanalyst.com/2010/04/top-10-most-profitable-oilgas-production-stocks-dmlp-nep-cpe-ard-apagf-cnq-ceo-gpor-mcf-cxg-apr-08-2.html
SGZH hasn't trade a single share today...
LPIH I believe it was some guy who implied that the company didn't exist among other craps...
Am I correct TF?
LPIH I was begining to wonder why the hell was taking so long.LOL
It will be brilliant if we finish above 3...
LPIH +11%
SCLX - In at 0.91.
If there was a stock related to the wedding industry in China, with decent fundamentals, I wouldn't hesitate in buying in it.
I guess a wedding can be a good thing sometimes...it's only a matter of trying a different angle...
Luxury weddings booming in China
MON, 29 MAR 2010 2:14P.M.
China's wedding industry is booming thanks to higher standards of living and new fashion trends that appeal to young couples.
From luxurious gowns to wedding planners, Chinese lovers have never had so much choice.
Choosing the right wedding dress is never easy, no matter where you live.
oNE young bride - Sally Jing - is shopping in one of Beijing's more upmarket bridal shops, and is literally spoilt for choice.
She has invited around 200 people to her wedding reception in Beijing, and is also planning a second wedding reception in her boyfriend's home-town in south China.
Her boyfriend's family are paying for the wedding, while her parents are buying the couple a one-bedroom apartment in Beijing.
For many of China's upwardly mobile young, a wedding is an opportunity to show-off their wealth and status, while conforming to traditions.
While a few years ago many Chinese brides used to rent wedding dresses, now many choose to splash out on one-off hand-made gowns.
Li Fei, a bridal-wear designer, says today many couples shun cheap materials in favour of more luxurious fabrics.
"In the past, people used to rent their wedding dress, or buy a cheap one because they would wear it only once. Nowadays young couples have a very different attitude. Because it is a once in a lifetime chance to show off, they pay much more attention on the quality and character of the wedding dress," she says.
Her store sells both ready-made dresses or bespoke gowns.
Fei adds they make simple dresses that showcase the quality of the fabrics.
"This dress is represents the style of our shop. We praise minimalism, and like to highlight the quality of the material, and the delicate details."
Fei, who trained in Paris, sells her designs for anything from RMB US$880 to US$2,900.
Commenting on the spending habits of Chinese couples is Zhang Li, the editor of Public Marriage Information, a monthly magazine specializing in bridal ware.
She says on average Beijingers spend around US$7,300 for their wedding.
Because of this lucrative market, a whole range of businesses have sprung up to cater for the wedding market.
From specialised photographers to wedding planners, would-be couples have plenty to choose from.
Today Chinese lovers can tie the knot in western style or opt for a more traditional ceremony.
One such service provider is Vivian Wedding, a small wedding planning company run by Vivian Hu.
She says her customers are looking for guidance in all the stages of planning a wedding: from the conception, to running the logistics of the big day.
"Our customers hire us as consultants from the very beginning to plan the wedding. For example we choose the hotel, the wedding car, wedding dress even where to take the wedding photos. Apart from consultant services we also help organise logistics on the wedding day," says Hu.
Hu's company now provides a wide variety of services from greeting cards to choosing the right menu.
She started the company two years ago with her husband in a spare room in her apartment, and now has a smart showroom in downtown Beijing.
In traditional Chinese culture marriage is highly valued as an institution - this is reflected by the more than 200 million weddings a year, according to the state-run Wedding Industry Committee.
Zhang Li, editor of Public Marriage Information magazine, says weddings are often lavish affairs, with several hundred people being invited.
"The cost of a wedding dress starts from around US$290 and up. The biggest expense on weddings in my opinion is the wedding feast. In Chinese weddings, people will invite so many relatives and friends come to the wedding, from 100 people up to 500 and more," she says.
With several months before her big day, Sally Jing's biggest decision is made.
She has finally made her choice of a wedding dress, one designed by Fei, and is happily recording the moment with the help of a photographer.
She says the dress makes her feel like a princess.
"I like this dress a lot. I feel like a princess when I wear it. I think the design is really unique, showing my waist curve perfectly."
The dress chosen by Jing has intricate silk stitching and retails at US$1,300.
According to data released by the Wedding Industry Committee, the Chinese wedding industry is worth more than US$58.5 billion.
11,458,000 couples were married in 2009, according to the Chinese Ministry of Civil Affairs.
That was an increase of 9% compared to the previous year.
http://www.3news.co.nz/Luxury-weddings-booming-in-China/tabid/420/articleID/148624/Default.aspx
SOKF Thanks so much Bogus.
This is one of my favorite stocks for 2010.
- the lifestyle (beauty) industry is the 5th fastest growing industry segment in China and is seeing 15% plus growth each year.
- Gross margin of 68%
- Net Margin of 43%
- inside ownership of 41%
- Expansion without dilution.
You just can't get it wrong.
Take care.
SOKF Any of you guys knows when the company will have their ER ?
TIA
NEP Crazy volume 2.5M shares...
NEP when the author made the estimates he wrote:
I find it hard to believe that we will still sport a PE under 10 in a year (although its not impossible), so I think that we should see this stock hit $10 by next fall. that's a 100% gain from today's levels.
I guess he wasn't counting for the stock to get to $10 a month after he wrote the article...
NEP see if this blog helps.
http://themarketbrothers.blogspot.com/2009/11/nep-2010-earnings-projection.html
CPQQ do you know who's their IR company?
I wanna give them a call.
TIA
CPQQ people will forget that as soon as we get uplist news, which I hope will be soon...
CPQQ I fully agree with you, and that's why I just rebought the stock.
This is one of my 10 amigos for 2010.
CPQQ I have my finger on the buy button, but a part of me believes it could get to the 2.00 support. Am I dreaming? :)
Your thoughts?
NEP 9.14 is this it?
LLEN Crazy drop in 1 minute!
From +3% to - 4%
NEWN Exactly! And the same guy who visited CSGH's factory in China and said more than 10 times that by buying China Sun you were getting a Lithium player by the price of a Cobalt player.
20 days after he said that it would be better not to buy CSGH and to wait on the side lines for some news about the tests some clients were making to the company's batteries.
Amazing how something looks like a bargain at some point, and 20 days later it's better to take caution??
It's unreal this kind of attitude coming from someone who call's himself an analyst. very unethical indeed. It freaks me out!!!
LLEN there she goes again. up 4% and more than 1/2 million shares trade so far.
NEWN It might be related to this article from the one and only Rick Pearson, the same guy who advise CSGH's shareholders to wait on the sidelines.
http://www.thestreet.com/_yahoo/story/10717694/1/china-energy-stock-a-buy-ignore-the-math.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
NEP is definitely in stand by mode waiting for the ER.
Oil is up 1% but the stock simply ignores it.
No worries. Still one of my favorites for this year.
My 10 amigos for 2010
ALIF: Mobile Apps Player. The mobile apps industry will be worth $6.2B in 2010 and in $24B in 2014
SOKF: The company has amazing growth rates, huge margins and it's in the right business, in the right place: the lifestyle (beauty) industry is the 5th fastest growing industry segment in China and is seeing 15% plus growth each year.
CCME: Nothing to add to what everyone knows
LPIH: It will explode when it uplists.
SGZH: Heaven or hell? I guess we’ll find out soon.
LLEN: It looks expensive, but it will look even more expensive when it gets to $20
CPQQ: I sold it when they presented the 10K, but I hope o rebuy it at a lower price. I believe it will get even more punhished due to the deemed dividend effect, but when we finnally get some news about their new facility I believe the upside potential will be huge.
NEP: I’ll quote Nawar on this one: Investing in China North today is akin to investing in Ultra Petroleum (NYSE: UPL) or Arena Resources (NYSE: ARD) at the start of this decade; both of those companies started as small independent oil extractors and developers similar to where China North stands today, yet China North enjoys a significant advantage: The competition in the Chinese private oil industry is much less in comparison to the operating environment for US independents, furthermore the operating costs is much lower in China, yet China North oil is priced according to international benchmarks, thus offering the company a substantial spread for each oil barrel sold.
NEWN: 1.23 EPS for 2010
CSGH: Ion lithium battery player for the price of cobalt producer.
NEP inside ownership is 33,8%
The CEO,Wang Hong Jun, owns 33%.
CCME would easily be the number one stock on the list if it had more coverage.
It’s amazing how the market can be so inefficient...
http://www.cnanalyst.com/2010/04/top-10-fastestgrowing-advertising-stocks-visn-scor-amcn-ncmi-dgit-forr-eloy-arb-dine-qnst-apr-04-201.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+cnanalyst+(China+Analyst+-+News+and+Research+on+U.S.-Listed+Chinese+Stocks)
Below are the top 10 fastest-growing Advertising stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts. Two Chinese companies (VISN, AMCN) are on the list.
VisionChina Media Inc (NASDAQ:VISN) is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 36.4%. This number is based on the average estimate of 3 brokerage analyst(s). COMSCORE, Inc. (NASDAQ:SCOR) is the 2nd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 24.5%. This number is based on the average estimate of 4 brokerage analyst(s). AirMedia Group Inc. (ADR) (NASDAQ:AMCN) is the 3rd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 23.9%. This number is based on the average estimate of 3 brokerage analyst(s). National CineMedia, Inc. (NASDAQ:NCMI) is the 4th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 23.0%. This number is based on the average estimate of 3 brokerage analyst(s). DG FastChannel Inc. (NASDAQ:DGIT) is the 5th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 21.5%. This number is based on the average estimate of 2 brokerage analyst(s).
Forrester Research, Inc. (NASDAQ:FORR) is the 6th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.7%. This number is based on the average estimate of 3 brokerage analyst(s). eLoyalty Corporation (NASDAQ:ELOY) is the 7th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.0%. This number is based on the average estimate of 1 brokerage analyst(s). Arbitron Inc. (NYSE:ARB) is the 8th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 16.4%. This number is based on the average estimate of 2 brokerage analyst(s). Rewards Network Inc. (NASDAQ:DINE) is the 9th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 15.0%. This number is based on the average estimate of 1 brokerage analyst(s). QuinStreet Inc (NASDAQ:QNST) is the 10th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 15.0%. This number is based on the average estimate of 1 brokerage analyst(s).
TSTC anyone who has listen to the CC can give a highlight of what was said about the receivables position?
TIA
CWS anyone holding this one?
I still didn´t had the time to read the 10K, but at a first glance it seems fine, however this stock doesn't seem to get much attention from the market, and with good results is falling 3,5%...
Any thoughts?
Fourth Quarter 2009 Highlights
-- Net revenues increased 45.9% year over year to $15.9 million
-- Revenue from the sale of forged products for the wind power and other
industries increased 111.4% year over year to $10.5 million, or 65.9%
of net revenues
-- Revenue from the sale of forged products exclusively to the wind power
industry increased 327.1% year over year to $6.8 million, or 43.0% of
net revenue
-- Gross profit increased 63.2% year over year to $4.3 million
-- Net income allocable to common shareholders was $1.1 million, or $0.05
per diluted share
-- Excluding a $1.6 million deemed preferred dividend and other non-cash
expenses, adjusted net income was $2.7 million, or $0.11 per diluted
share, up 86.0% year-over-year
2009 Full Year Highlights
-- Net revenues increased 26.4% to $53.5 million year over year
-- Revenue from the sale of forged products for the wind power and other
industries increased 104.2% year over year to $35.7 million, or 66.8%
of net revenues
-- Revenue from the sale of forged products exclusively to the wind power
industry increased 198.5% year over year to $20.1 million, or 37.6% of
net revenue
-- Gross profit increased 22.5% to $12.9 million
-- Net income allocable to common shareholders was $5.6 million, or $0.24
per diluted share
-- Excluding deemed preferred dividends and other non-cash expenses,
adjusted net income was $7.8 million, or $0.34 per diluted share, up
35.1% from adjusted net income of $5.8 million, or $0.27 per diluted
share, in 2008
-- Opened new forged product manufacturing facility in Wuxi City
-- Began construction of electro-slag remelted production line
-- Listed on the NASDAQ Global Market
SOKF UP 5%
It's impossible not to like this company:
- gross margin of 68%
- net margin of 43%
- inside ownership of 41%.
Great business model and amazing cross selling opportunities.
Now add to that the fact that the lifestyle (beauty) industry is the 5th fastest growing industry segment in China and is seeing 15% plus growth each year.
There's a huge upside potential in this stock IHMO.
SGZH 532 shares were traded
CWS ER out!
Fourth Quarter 2009 Highlights
-- Net revenues increased 45.9% year over year to $15.9 million
-- Revenue from the sale of forged products for the wind power and other
industries increased 111.4% year over year to $10.5 million, or 65.9%
of net revenues
-- Revenue from the sale of forged products exclusively to the wind power
industry increased 327.1% year over year to $6.8 million, or 43.0% of
net revenue
-- Gross profit increased 63.2% year over year to $4.3 million
-- Net income allocable to common shareholders was $1.1 million, or $0.05
per diluted share
-- Excluding a $1.6 million deemed preferred dividend and other non-cash
expenses, adjusted net income was $2.7 million, or $0.11 per diluted
share, up 86.0% year-over-year
2009 Full Year Highlights
-- Net revenues increased 26.4% to $53.5 million year over year
-- Revenue from the sale of forged products for the wind power and other
industries increased 104.2% year over year to $35.7 million, or 66.8%
of net revenues
-- Revenue from the sale of forged products exclusively to the wind power
industry increased 198.5% year over year to $20.1 million, or 37.6% of
net revenue
-- Gross profit increased 22.5% to $12.9 million
-- Net income allocable to common shareholders was $5.6 million, or $0.24
per diluted share
-- Excluding deemed preferred dividends and other non-cash expenses,
adjusted net income was $7.8 million, or $0.34 per diluted share, up
35.1% from adjusted net income of $5.8 million, or $0.27 per diluted
share, in 2008
-- Opened new forged product manufacturing facility in Wuxi City
-- Began construction of electro-slag remelted production line
-- Listed on the NASDAQ Global Market
CPQQ Does any of you guys know if this company normally issues a PR with some guidance after ER?
IMHO guidance will be the key for the stock doesn't get hit today ...
TIA
SGZH anyone holding?
Does any of you guys have an idea of when will the company present their earnings?
All my emails got no answer...