China Tracker - Details for SmartHeat (HEAT)

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 Business Outlook

Recent Chain of Events:
2012-08-28 -- Last SEC Filing
2012-08-20 -- Last Quarterly/Annual Report: Q2/FY2012 ended June 30, 2012
2012-07-10 -- CFO Appointment
2012-05-30 -- Trading halted by NASDAQ
2012-05-25 -- CEO Resignation
2012-05-25 -- CFO Resignation

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

Due to the impact of China's tightened fiscal policy on the company's PHE Unit customers, impact of rising prices on business and the integration costs of Gustrower Warmepumpen GmbH and Shenyang Bingchuan Refrigerating Machine Limited Company, two companies acquired by SmartHeat in Q1 2011, the company is revising its full year 2011 earnings guidance to $9.5 million to $14 million in net income and $63 million to $93 million in revenues, reflecting $0.25 - $0.36 earnings per share.

(Source: PR Newswire, 2011-05-10)

SmartHeat is announcing full year 2011 guidance of $22 - $28 million in net income on $120 - $150 million in revenues, reflecting $0.60 - $0.80 EPS.

(Source: PR Newswire, 2011-03-15)

SmartHeat announced today that it has signed sales agreements to supply its PHEs to the Tian Wan nuclear power station in Jiangsu, which is owned by the China National Nuclear Corporation, China's biggest state-owned nuclear power manufacturer. SmartHeat won two projects through a public bidding process and expects to deliver the PHEs in October 2012 and June 2013.

"While Tian Wan's initial order of PHEs totaled only $650,000, it represents a major milestone for SmartHeat as we have now entered into the nuclear power sector through the largest state-owned, government-managed, nuclear power producer in China. We believe this order will create additional opportunities to supply heat exchangers and related products to nuclear power stations in China. We believe that China's nuclear power market will experience strong demand over the next 10 to 20 years due to favorable government policies intended to accelerate the development of nuclear industry. We believe that SmartHeat is well positioned to benefit from this trend because of our strong sales and service network. We are proud that our strategy to penetrate the nuclear power sector is showing results so quickly. We are currently reviewing several strategic alternatives to expand our footprint in the nuclear power sector and expect to see further positive achievements."

(Source: PR Newswire, 2011-01-18)

SmartHeat reaffirms its full year 2010 earnings guidance of $20 million to $22 million in net income and $106 million to $116 million in revenues. Our sales of Heat Exchangers have increased more than expected in the first half with all product lines showing increases in revenues. We are pleased to maintain the annual guidance previously provided.

(Source: PR Newswire, 2010-08-12)
Clean Energy
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DETAILS: Safety/Risk Model for HEAT
Current Price:  n/a
F10k Day (2008-10-02): -100.00%$4.57
2009 Close: -100.00%$14.52
2010 Close: -100.00%$5.28
2011 Close: -100.00%$3.20
High (2012-04-04): -100.00%$9.64
Low (2012-02-01): -100.00%$0.36
Market Capitalization: n/a
Total Shares: 38.55 mill
Float: n/a
Avg Volume: 515.30 k
Short Interest: 1.49 mill
Short Ratio: 5.35%2.9 d
Last Quarter: 2010-12-31
Revenue (MRQ): 41.79 mill
Net Income (MRQ): 6.50 mill
Op. Cash Flow (MRQ): 10.13 mill
all financial data provided without warranty