China Tracker - Details for China Gengsheng Minerals (CHGS)

 China Gengsheng Minerals
Shares Outstanding (MRQ): 26.63 mill
New Shares / Dilution (TTM): 2.52 mill10.45% 
New Shares / Dilution (since Dec 31, 2008): 2.59 mill10.77% 
Cash (MRQ): 11.47 mill4,308.31%
Account Receivables (MRQ): 39.89 mill14,980.70%
Account Receivables (Q/Q): -3.35 mill-7.75%
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -12.96% 
Revenue Growth (Y/Y): 36.44%
Net Income Growth (Q/Q): N/A (LOSS) 
Net Income Growth (Y/Y): -187.77%
EPS Growth (Y/Y): -179.47%
Net Margin (Q/Q): -2.1% (-8.7%)6.60% 
Net Margin (Y/Y): -2.1% (3.3%)-5.40% 
EPS | P/E (2 MRQ Projection): -$0.15-0.07
CFPS | P/CF (2 MRQ Projection): -$0.57-0.02
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00
Auditor: PKF 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-16): $0.100.10
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-04-25 
Uplisting to Senior Exchange: on 2010-03-04 at $2.67 (-99.63% since Uplisting)

 Business Outlook

During the first half of the year, we launched several strategic growth initiatives to address the large and growing fracture proppant market, including capacity expansion, and a joint development agreement with a North American fracture proppant distributor to address the U.S. and Canadian markets. We believe these initiatives will position GengSheng to capture additional market share as we build brand recognition, both domestically and internationally and continue to leverage the strong, rapidly growing demand from oil and gas producers.

(Source: PR Newswire, 2011-08-15)

Although we have faced challenges in the last several quarters, we believe our business is on the right track and are optimistic with regard to the future. We have two important catalysts in fine precision abrasives and the international expansion of fracture proppants. We expect our full-year blended gross margin to improve to 27% to 30%, and to achieve profitability as we are improving production efficiency, to ramp production volume and improve our raw materials sourcing capabilities, while continuing our efforts to better manage accounts receivable and collections.

(Source: PR Newswire, 2011-05-16)

China GengSheng Minerals today announced that it has signed an agreement to acquire 24.5% ownership in the Yili Yiqiang Silicon Company for RMB 15 million (approximately US$2.3 million). Yili Yiqiang is a manufacturer of green silicon carbide (SiC), which is the primary material used in the production of GengSheng's fine precision abrasive products. The Company funded this investment through a combination of cash from operations and domestic commercial bank loans. It is expected to close by April 10th, 2011. Yili Yiqiang has green SiC reserves of approximately six million metric tons, and current annual production capacity of approximately 16,000 metric tons. Yili Yiqiang expects 2011 revenue of approximately $24 million, based on current production capacity and an average green SiC price of $1,500 per metric ton.

"Acquiring a minority stake in Yili Yiqiang enhances our emerging fine precision abrasives products and furthers our strategy to increase our sales and margins in this segments of our business. With raw material costs high and continuing to rise as a result of tight capacity, our ability to improve the sourcing of high-quality, cost-effective green SiC was crucial to our success in this market. In addition to cost savings, we believe this investment will allow us greater control over the raw material production process, further improving the quality of the green SiC that Yili Yiqiang manufactures."

(Source: PR Newswire, 2011-04-07)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-15Rodman & RenshawReiterationMarket Performn/a
2011-05-18Rodman & RenshawReiterationMarket Performn/a
2011-03-22Roth CapitalDowngradeSuspendedn/a
2011-02-01Rodman & RenshawReiterationOutperform$2.80
2011-01-03Roth CapitalDowngradeSell$2.60

CHGS is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating.


    see all Analyst Ratings

 Recent Financings
2011-01-05Priced$10.00 mill2.50 mill shares$4.00
2010-03-15Filing$20.00 mill--

 Investor Presentations
2011-07-18 (HTML)   VIEW
2010-03-15 (HTML)   VIEW
CHGS
Steel
SCORE
2
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for CHGS
Current Price:  $0.01
F10k Day (2007-10-17): -99.74%$3.75
2009 Close: -99.56%$2.25
2010 Close: -99.81%$5.15
2011 Close: -98.56%$0.69
High (2012-02-03): -99.16%$1.18
Low (2012-08-20): -97.06%$0.34
Exchange: PNK
Market Capitalization: 0.27 mill
Total Shares: 26.63 mill
Float: n/a
Avg Volume: 306.70 k
Short Interest: 883.50 k
Short Ratio: 0.03%2.9 d
Last Quarter: 2011-03-31
Revenue (MRQ): 16.18 mill
Net Income (MRQ): -0.34 mill
Op. Cash Flow (MRQ): -0.46 mill
all financial data provided without warranty