China Tracker - Details for A-Power Energy (APWR)


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 A-Power Energy
 Basic Facts and History
Data Source: Annual Report for the period ended 2009-12-31
Reporting Type: Foreign Company (20-F Filings) 
Incorporation: British Virgin Islands 
Corporate Headquarters: China (Liaoning) 
Going Public: Other on 2008-01-18 
Uplisting to Senior Exchange: on 2008-01-22 at $12.60 (-100.00% since Uplisting)
Main Operating Subsidiary: Liaoning GaoKe Energy Group Co., founded 2003 
Investor Relations: Investor Relations Website 
Internal Controls: not effective 
Internal Controls Audit: not effective 
Auditor Opinion:

Management has concluded that the Company did not maintain effective control over financial reporting as of December 31, 2009 due to pervasive control deficiencies and material weaknesses. The existence of pervasive control deficiencies and material weaknesses impair the effectiveness of other controls by rendering their design ineffective or by keeping them from operating effectively. As stated in management\\\\\\\'s report, the pervasive deficiencies identified include both entity level and financial closing and reporting processes and consisted of inadequate controls with respect to (1) communication of appropriate business practices and standards, (2) assessment of business risk and risks related to financial reporting, (3) written policies and procedures, (4) monitoring of internal controls and, (5) the financial reporting process and the underlying accounting processes.

In our opinion, because of the effect of the material weaknesses described above on the achievement of the objectives of the control criteria, A-Power Energy Generation Systems, Ltd. has not maintained effective internal control over financial reporting as of December 31, 2009. (MSCM LLP)

This company is overdue with their latest quarterly or annual report! The Trading China Rating is suspended until the company is back in compliance with SEC filing rules.

This company has reported corporate governance issues. You may want to look further into possible issues before making an investment decision.

 
 Ownership
Main Shareholder: Jinxiang Lu (Chairman, CEO) 
Ownership: 24.80% 
 
 Auditor Trail (since January 1, 2009)
2011-10-04Simon & EdwardAppointment
2011-10-04BDO DaejooResignation
2011-09-15BDO DaejooAppointment
2011-06-27MSCMResignation
2008-01-01MSCMAppointment
 
 Senior Management Trail (since January 1, 2009)
2009-05-01Peter MakCFOAppointment
2009-05-01John S. LinCFODismissal
2008-10-01John S. LinCFOAppointment
2008-10-01Edward MengCFODismissal
2008-01-01Edward MengCFOAppointment
 
 Fiscal Year
Fiscal Year ends: December 31 
Annual Report 20-F: due by June 30 
APWR
Clean Energy
SCORE
-5
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for APWR
Current Price:  n/a
F10k Day (2008-01-18): -100.00%$12.60
2009 Close: -100.00%$18.29
2010 Close: -100.00%$5.46
2011 Close: -100.00%$0.30
High (2012-02-15): -100.00%$0.71
Low (2012-08-01): -100.00%$0.08
Exchange:
Market Capitalization: n/a
Total Shares: 46.29 mill
Float: n/a
Avg Volume: 880.50 k
Short Interest: 2.23 mill
Short Ratio: 6.33%2.5 d
Last Quarter: 2010-09-30
Revenue (MRQ): 57.33 mill
Net Income (MRQ): 2.36 mill
Op. Cash Flow (MRQ): 3.49 mill
all financial data provided without warranty