China Tracker - Details for Guanwei Recycling (GPRC)


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 Guanwei Recycling
Shares Outstanding (MRQ): 20.00 mill
New Shares / Dilution (TTM): 6.75 mill50.95%
New Shares / Dilution (since Dec 31, 2008): 8.00 mill66.67% 
Cash (MRQ): 14.94 mill0.00%
Account Receivables (MRQ): 0.01 mill0.00%
Account Receivables (Q/Q): -1.69 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -6.97% 
Revenue Growth (Y/Y): 48.75%
Net Income Growth (Q/Q): -29.43% 
Net Income Growth (Y/Y): 335.52%
EPS Growth (Y/Y): 188.52%
Net Margin (Q/Q): 18.0% (23.7%)-5.70% 
Net Margin (Y/Y): 18.0% (6.1%)11.80% 
EPS | P/E (2 MRQ Projection): $0.610.00 
CFPS | P/CF (2 MRQ Projection): $0.460.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: BDO Limited
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.350.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2009-11-05 
Uplisting to Senior Exchange: on 2010-04-15 at $4.80 (-100.00% since Uplisting)

 Business Outlook

Our growth in the quarter and through the first half of the year again demonstrates the very strong demand in China for our recycled LDPE which is used as a direct substitute for virgin plastic or blended with it to lower manufacturing costs. It should be noted that the upgrade of our facilities in the first half of 2010 reduced somewhat our production in that period, but the resulting enhancements to our product have contributed to our success this year and will continue to facilitate future growth. The expansion of our import quota certainly was the most significant event so far this year, positioning us to meet the strong and growing demand for our product over the foreseeable future.

At the same time we remain focused on expanding our sources of supply for high quality imported plastic waste to lower our costs and maintain healthy margins. Our leadership in environmentally friendly manufacturing will ensure continued access to this material while permitting us to make an important contribution to improving the quality of life in our society. Another top priority is an expansion of our production capacity which currently is 65,000 tons annually. Given our strong performance and healthy financial position, we have options available that we continue to study in order to determine the best course going forward.

(Source: Marketwire, 2011-08-15)

We were quite pleased with the sales growth in the quarter and see continuing strength in sales through the remainder of the year from our diversified customer base. We also envision continuing bottom line growth as we maintain our focus on expanding and strengthening our relationships with suppliers and making timely adjustments in our pricing. As always, our particular focus is on maintaining compliance with the highest environmental standards, which provides us with a clear advantage over competitors.

(Source: Marketwire, 2011-05-16)

We are very pleased with our substantial accomplishments and growth in 2010. The strong demand from our diversified customer base supports our outlook for continuing growth. Further, with the competitive advantage of being able to directly purchase our waste from European suppliers we believe in our ability to maintain gross margins. In this regard, we will keep working to maintain and enhance our supplier relationships as well as our 'green' manufacturing facilities to remain qualified for the European and Chinese environmental certifications we've achieved. Additionally, recent prices for recycled LDPE have been slightly higher than the average price in 2010. In early 2010, we began the process of seeking to increase our government quota for imported plastic waste. By July this year we expect to obtain final approval for what will amount to a tripling of our current aggregate quota of 59,000 tons of imported waste to an aggregate of 185,000 tons annually. This is based on an anticipated new, 150,000 ton annual quota and a continuation of the 35,000 ton quota for which we have previously contracted.

(Source: Marketwire, 2011-03-31)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-02-28Global HunterReiterationBuy$7.00
2011-01-19Global HunterReiterationBuy$7.00
2010-11-17Global HunterInitiationBuy$7.00

 Investor Presentations
2010-09-14 (HTML)   VIEW
2010-07-12 (HTML)   VIEW
2010-03-12 (Powerpoint)   DOWNLOAD (right click, save as)
GPRC
Waste & Water Treatment
SCORE
7
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for GPRC
Current Price:  n/a
F10k Day (2009-12-28): -100.00%$2.25
2009 Close: -100.00%$3.15
2010 Close: -100.00%$3.45
2011 Close: -100.00%$0.85
High (2012-04-11): -100.00%$1.93
Low (2012-08-07): -100.00%$0.61
Exchange:
Market Capitalization: n/a
Total Shares: 20.00 mill
Float: n/a
Avg Volume: 19.60 k
Short Interest: 26.50 k
Short Ratio: 1.04%1.4 d
Last Quarter: 2010-12-31
Revenue (MRQ): 13.94 mill
Net Income (MRQ): 2.50 mill
Op. Cash Flow (MRQ): 1.22 mill
all financial data provided without warranty