China Tracker - Details for Sancon Resources Recovery (SRRY)

 WARNING: Form 15 filed with the SEC!
 Sancon Resources Recovery
Shares Outstanding (MRQ): 23.97 mill
New Shares / Dilution (TTM): 0.93 mill4.04%
Cash (MRQ): 6.98 mill1,299.06%
Account Receivables (MRQ): 1.28 mill238.51%
Account Receivables (Q/Q): -0.78 mill-37.86%
Long-Term Debt (MRQ): 0.01 mill2.53%
Revenue Growth (Q/Q): -18.75% 
Revenue Growth (Y/Y): 1.90% 
Net Income Growth (Q/Q): -44.45% 
Net Income Growth (Y/Y): -53.71%
EPS Growth (Y/Y): -55.51%
Net Margin (Q/Q): 8.0% (11.6%)-3.70% 
Net Margin (Y/Y): 8.0% (17.5%)-9.60% 
EPS | P/E (2 MRQ Projection): $0.060.39
CFPS | P/CF (2 MRQ Projection): $0.110.21
Price/Sales (2 MRQ Projection): 0.04
Price/Book (MRQ): 0.08
Auditor: Kabani & Company 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-08-16): $0.060.37
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2006-05-26 

 Business Outlook

We are pleased with our continued increase in revenue in 2011 second quarter. However, our gross profit and net income has dropped. That is mainly due to the poor performance in our Australia operation and small scale of waste paper business in China. We have recently changed the management in our Australia operation and we are working hard to turn it around in the next quarter. In China, we've installed additional equipments which will triple our daily waste paper processing capacity. By expanding the waste paper business rapidly within a short period, we can negotiate a better pricing and increase our margin.

(Source: Marketwire, 2011-08-22)

We are pleased with our continued increase in revenue in 2011 first quarter. However, our gross profit and net income has dropped. That is mainly due to the poor performance in our Australia operation and small scale of waste paper business in China. We have recently changed the management in our Australia operation and we are working hard to turn it around in the next quarter. In China, we've installed additional equipments which will triple our daily waste paper processing capacity. By expanding the waste paper business rapidly within a short period, we can negotiate a better pricing and increase our margin.

(Source: Marketwire, 2011-05-26)

Sancon Resources Recovery announced today that it has entered into an acquisition agreement with a profitable Beijing environmental services company. On March 25, 2011, Sancon signed a letter of intent with Beijing JDY Environmental Recycling Co., under which Sancon's majority owned subsidiary Sancon Shanghai will acquire 51% equity of Beijing JDY. Sancon management believes this acquisition will contribute over US$15M revenue annually with healthy future growth projections. The acquisition of BeijingJDY is expected to complete before the end of August 2011.

(Source: Marketwire, 2011-04-11)

    see all Business Outlook notes
SRRY
Waste & Water Treatment

COVERAGE SUSPENDED OR TERMINATED
 
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SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for SRRY
Current Price:  $0.02
F10k Day (2007-01-03): -93.60%$0.35
2009 Close: -93.22%$0.33
2010 Close: -92.01%$0.28
2011 Close: 12.00%$0.02
High (2012-07-20): -44.00%$0.04
Low (2012-02-28): 124.00%$0.01
Exchange: PNK
Market Capitalization: 0.54 mill
Total Shares: 23.97 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2011-06-30
Revenue (MRQ): 3.13 mill
Net Income (MRQ): 0.25 mill
Op. Cash Flow (MRQ): 1.03 mill
all financial data provided without warranty