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Friday, October 12, 2007 3:50:57 PM
First of all we need to understand that CSGH is not a finished battery maker. Instead it manufactures lithium ion anode which is an electrode in the battery. So its product is needed by all battery manufacturer. Currently CSGH has 6 top of the line chinese batter makers as customers and companies like Panasonic, Sony, Sanyo, LG, Maxell etc showing tremendous interest in CSGH's product.
They posted 3000% rev growth in fisca 2007 over fiscal 2006 and hit bottom line profit. They also bagged contracts with Japnese batter makers and have sales and distribution agreement with a Korean company.
Demand of battery will continue to rise and as an anode manufacturer CSGH is poised for a massive growth in comming years.
I see CSGH is lot better than GBT, CBAK
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