China Tracker - Details for China Valves Technology (CVVT)

 China Valves Technology
Shares Outstanding (MRQ): 35.68 mill 
New Shares / Dilution (TTM): 1.17 mill3.40%
New Shares / Dilution (since Dec 31, 2008): 12.69 mill55.21% 
Cash (MRQ): 24.20 mill226.12%
Account Receivables (MRQ): 95.83 mill895.31%
Account Receivables (Q/Q): + 11.68 mill13.88% 
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -19.72% 
Revenue Growth (Y/Y): 56.64%
Net Income Growth (Q/Q): 57.30% 
Net Income Growth (Y/Y): 26.51%
EPS Growth (Y/Y): 22.36%
Net Margin (Q/Q): 15.9% (8.1%)7.80% 
Net Margin (Y/Y): 15.9% (19.6%)-3.80% 
EPS | P/E (2 MRQ Projection): $0.610.49
CFPS | P/CF (2 MRQ Projection): $0.074.18
Price/Sales (2 MRQ Projection): 0.06
Price/Book (MRQ): 0.05
Auditor: Frazer Frost
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $1.250.24
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-12-18 
Uplisting to Senior Exchange: on 2009-11-16 at $9.00 (-96.67% since Uplisting)

 Business Outlook

Recent Chain of Events:
2012-09-21 -- Delisting from NASDAQ
2012-09-11 -- Last SEC Filing
2012-07-16 -- Trading halted by NASDAQ
2012-07-09 -- Auditor Resignation
2012-05-08 -- Last Quarterly/Annual Report: Q2/FY2012 ended March 31, 2012

(Source: Trading China, 2012-09-30)

On July 12, 2011, China Valves Technology held an annual meeting of its shareholders at which a majority of the Company's shareholders approved the appointment of Frazer Frost LLP to serve as the Company's independent registered public accounting firm for 2011.

(Source: 8-K Filing, 2011-07-15)

China Valves Technology today announced that the Company has signed a strategic cooperation agreement with Sinopec International Petroleum Service Corporation. Under the agreement, the Company would supply various valve products for Sinopec Petroleum Service's international projects. The Agreement is a general cooperation agreement and is valid from June 16, 2011 to June 15, 2013, and can be further extended for another two years by negotiation between two parties. Both parties agreed that they would sign specific contracts for specific projects under the general cooperation framework. Depending on the specific project, Sinopec Petroleum Service would buy all valve products directly from China Valves or act as a sales agent of China Valves through its more than 35 subsidiaries in the world.

(Source: PR Newswire, 2011-06-16)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-09Roth CapitalReiterationBuy$5.00
2011-07-18Roth CapitalReiterationBuy$5.00
2011-05-11Brean MurrayReiterationHoldn/a
2011-05-10Rodman & RenshawReiterationOutperform$13.00
2011-05-10Roth CapitalReiterationBuy$7.50

CVVT is currently followed by 4 analysts. 3 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 10.33, which implies 3,344.44% upside from current price.


    see all Analyst Ratings

 Recent Financings
2011-01-05Private$10.00 mill1.00 mill shares$10.00
2009-12-29Priced$3.00 mill0.33 mill shares$9.00

 Investor Presentations
2009-02-13 (HTML)   VIEW
CVVT
Infrastructure
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UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CVVT
Current Price:  $0.30
F10k Day (2009-04-23): -89.14%$2.76
2009 Close: -96.76%$9.24
2010 Close: -97.14%$10.48
2011 Close: -85.92%$2.13
High (2012-02-08): -90.39%$3.12
Low (2012-09-21): -25.00%$0.40
Exchange: PNK
Market Capitalization: 10.70 mill
Total Shares: 35.68 mill
Float: n/a
Avg Volume: 198.00 k
Short Interest: 3.10 mill
Short Ratio: 15.33%15.6 d
Last Quarter: 2011-03-31
Revenue (MRQ): 41.95 mill
Net Income (MRQ): 6.66 mill
Op. Cash Flow (MRQ): -10.42 mill
all financial data provided without warranty