China Tracker - Details for China TMK Battery Systems (DFEL)

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 WARNING: Form 15 filed with the SEC!
 China TMK Battery Systems
Shares Outstanding (MRQ): 36.89 mill 
New Shares / Dilution (TTM): 5.58 mill17.81% 
Cash (MRQ): 0.66 mill0.00%
Account Receivables (MRQ): 13.86 mill0.00%
Account Receivables (Q/Q): + 1.51 mill12.22% 
Long-Term Debt (MRQ): 12.38 mill0.00%
Revenue Growth (Q/Q): 1.95% 
Revenue Growth (Y/Y): 52.99%
Net Income Growth (Q/Q): -13.77% 
Net Income Growth (Y/Y): 921.33%
EPS Growth (Y/Y): 766.90%
Net Margin (Q/Q): 14.6% (17.3%)-2.70% 
Net Margin (Y/Y): 14.6% (2.2%)12.40% 
EPS | P/E (2 MRQ Projection): $0.350.00 
CFPS | P/CF (2 MRQ Projection): $0.080.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: MaloneBailey
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.250.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2010-02-10 

 Business Outlook

Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

(Source: 15-15D Filing, 2011-12-30)

China TMK Battery Systems will acquire 100% equity interest in Dongfang Hualian in exchange for a cash payment of approximately $11 million and 8.1 million shares of the Company's common stock. Dongfang Hualian is a lithium battery producer which designs, manufactures and sells lithium batteries.

The Company previously made an advance cash payment of approximately $10.5 million toward the purchase price. The formal closing of the acquisition, expected on or before September 15, 2011, requires approval by all relevant regulatory authorities and registration of Loyal Top's ownership of Dongfang Hualian with the Shenzhen Administration for Industry and Commerce. The purchase agreement contains a make-good provision that Dongfang Hualian achieves a net profit of approximately $9.3 million for the calendar year ending December 31, 2011. The audited financial statements reported that Dongfang Hualian generated approximately $41 million in revenue and approximately $5.5 million in net income during 2010.

(Source: PR Newswire, 2011-08-16)

For the full year ending December 31, 2011, management increased guidance and now expects revenues of $84 million and net income of $11 million.

(Source: PR Newswire, 2011-08-16)

    see all Business Outlook notes

READ: Score Cards Explained
DETAILS: Safety/Risk Model for DFEL
Current Price:  n/a
F10k Day (2010-03-09): -100.00%$2.27
2010 Close: -100.00%$0.93
2011 Close: -100.00%$0.50
High (2011-08-17): -100.00%$1.10
Low (2011-08-09): -100.00%$0.35
Market Capitalization: n/a
Total Shares: 36.89 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 20.29 mill
Net Income (MRQ): 2.96 mill
Op. Cash Flow (MRQ): 1.12 mill
all financial data provided without warranty