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    SmartHeat - chinesischer Wärmetauscherhersteller - 500 Beiträge pro Seite

    eröffnet am 07.09.10 08:43:11 von
    neuester Beitrag 26.04.14 12:57:30 von
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      Avatar
      schrieb am 07.09.10 08:43:11
      Beitrag Nr. 1 ()
      wächst enorm schnell: derzeit ca. 70%

      dabei solide profitabel, allerdings offenbar sehr stark saisonal;

      insoweit erstmal Q3 abwarten
      1 Antwort
      Avatar
      schrieb am 07.09.10 12:55:35
      Beitrag Nr. 2 ()
      Antwort auf Beitrag Nr.: 40.108.487 von R-BgO am 07.09.10 08:43:11Q3 dürfte das stärkste werden, danach wird es wohl abzuflauen. Wachstum wird auch zugekauft + im letzten Herbst gab es eine Kapitalerhöhung um 8 Mio Aktien (netto 65 Mio $). Die Marge muss man auch im Auge behalten, ist netto von 19,5 auf 15,9 % gefallen. Sieht auf den ersten Blick aber tatsächlich recht solide aus. Wahrscheinlich gibt es einen erheblichen Nachholbedarf, der Hinweis auf der Webseite zu den Heat Meters legt das nahe.
      Avatar
      schrieb am 07.09.10 13:20:37
      Beitrag Nr. 3 ()
      Als grössten Konkurrenten bei den PHE geben sie Alfa Laval an - eine global tätige schwedische Gruppe. Die haben in China mit knapp 1000 Leuten 2009 insgesamt etwa 400 Mio $ Umsatz gemacht, Smartheat mit 600 bis 700 Mitarbeitern gut 80 Mio $. Sie halten ihre Produkte für qualitativ gleichwertig und seien auch in etwa gleich teuer. Alfa Laval habe bei den PHE einen Marktanteil von 30%. Der CEO ist ehemaliger regional sales director von Alfa.
      Avatar
      schrieb am 27.09.10 13:11:03
      Beitrag Nr. 4 ()
      mal auf watchlist genommen , mal schaun, derzet drängt sich noch kein kauf auf
      Avatar
      schrieb am 01.12.10 10:40:50
      Beitrag Nr. 5 ()
      Q3 war gut, aber nun das:


      SmartHeat Inc. Announces Common Stock Offering

      NEW YORK, November 17, 2010 /PRNewswire-Asia/ - SmartHeat Inc. (NASDAQ: HEAT) announced today that it is offering 5,000,000 shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement. Barclays Capital is the sole bookrunner and Oppenheimer & Co. is the co-lead manager.

      SmartHeat will grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.

      SmartHeat intends to use the net proceeds from the sale of the common stock for general corporate purposes and potential acquisitions, although no specific acquisition candidate has been identified to date.

      The offering of the common stock is being made solely by means of a prospectus supplement and accompanying prospectus. When available, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained for free by contacting Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847 or email barclaysprospectus@broadridge.com.
      5 Antworten

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      Avatar
      schrieb am 01.12.10 11:08:20
      Beitrag Nr. 6 ()
      Antwort auf Beitrag Nr.: 40.621.595 von R-BgO am 01.12.10 10:40:50Sieht so aus, als ob die damit eine Bauchlandung machen, der Kurs ist jetzt schon unter den geforderten 5$. Es ist auch absolut nicht einzusehen, wofür das Geld gebraucht werden sollte.
      Bei Smartheat hats dazu geführt, dass sie übers Jahr gesehen fast 50% mehr Umsatz und trotzdem ein fallendes EPS haben. Die Nettomarge ist übers Jahr gesehen gesunken.
      4 Antworten
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      schrieb am 03.12.10 17:23:20
      Beitrag Nr. 7 ()
      Antwort auf Beitrag Nr.: 40.621.856 von cmeise am 01.12.10 11:08:20Die KE war schon am nächsten Tag durch:

      NEW YORK, Nov. 23, 2010 /PRNewswire-Asia/ -- SmartHeat Inc. (Nasdaq:HEAT - News) announced the closing today of its previously announced public offering of 5,740,814 shares of its common stock at $5.00 per share, which included 740,814 shares sold as a result of the underwriters' exercise of their over-allotment option. After underwriting discounts and commissions but before offering expenses, SmartHeat received net proceeds of $27,268,866.50.

      Barclays Capital was the sole bookrunner and Oppenheimer & Co. the co-lead manager in connection with this offering.

      James Jun Wang, Chairman and Chief Executive Officer of SmartHeat, commented: "The completion of this equity financing provides SmartHeat with capital to fund our continued growth as a market leader in China's clean technology, energy savings industry. We highly value and appreciate the significant institutional interest that SmartHeat has experienced during this offering."

      SmartHeat intends to use the net proceeds from the sale of the common stock for general corporate purposes and potential acquisitions, although no specific acquisition candidate has been identified to date.

      This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This offering is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained for free by contacting Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847 or email barclaysprospectus@broadridge.com.
      2 Antworten
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      schrieb am 03.12.10 17:23:59
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 40.621.856 von cmeise am 01.12.10 11:08:20Konnte heute nicht widerstehen und habe aufgestockt; mal schauen wie's weitergeht...
      Avatar
      schrieb am 03.12.10 17:46:25
      Beitrag Nr. 9 ()
      Antwort auf Beitrag Nr.: 40.642.830 von R-BgO am 03.12.10 17:23:20Erstaunlich - sie wird jetzt mit 10% Abschlag gehandelt.
      1 Antwort
      Avatar
      schrieb am 03.12.10 17:50:52
      Beitrag Nr. 10 ()
      Antwort auf Beitrag Nr.: 40.643.093 von cmeise am 03.12.10 17:46:25Es gab ein paar Artikel im Tenor "Fall-out from RINO"; da hat offenbar ein Chinese richtig beschissen...

      Hoffe, das unser Mann hier solide ist.
      Avatar
      schrieb am 11.12.10 10:49:34
      Beitrag Nr. 11 ()
      Avatar
      schrieb am 25.01.11 14:25:20
      Beitrag Nr. 12 ()
      25.01.2011, 13:15 Uhr Meldung drucken | Artikel empfehlen


      Conergy trennt sich von Wärmepumpen-Sparte


      Hamburg – Die Conergy AG verkauft ihre auf die Produktion und den Vertrieb von Wärmepumpen spezialisierte Tochtergesellschaft Güstrower Wärmepumpen GmbH an die SmartHeat Inc. Das an der amerikanischen NASDAQ gelistete Unternehmen ist nach Conergy-Angaben ein führender Anbieter in den Bereichen Wärmeübertragungs- und Energiesparlösungen auf dem chinesischen Markt. Mit dem Verkauf gehen demnach 100% der Anteile an den Güstrower Wärmepumpen auf SmartHeat über. Zudem übernehme die Güstrower Wärmepumpen GmbH das Betriebsgrundstück von Conergy. Der Vertrag steht nach Conergy-Angaben noch unter aufschiebenden Bedingungen. Der Vollzug werde für Februar 2011 erwartet. Über den Kaufpreis haben die Parteien Stillschweigen vereinbart.

      Nach dem Verkauf des Windgeschäfts in Deutschland und Frankreich strebt Conergy eine weitere Fokussierung auf das Solargeschäft an. Zuletzt hatte das Unternehmen einen Kapitalschnitt gemeldet. Die Aktie war daraufhin deutlich gefallen. Im heutigen Handel notierte das Papier erneut bei rd. 0,43 Euro (-0,91 %, Stand: 25.01.2010, 13:15 Uhr).

      Weitere Informationen und Meldungen zum Thema:
      Conergy vor Kapitalschnitt - Aktie fällt auf 43 Cent
      Conergy trennt sich von deutschem und französischem Windgeschäft
      Aktueller Aktienkurs der Conergy AG
      IWR-Newsticker Wirtschaft und Finanzen
      © IWR, 2011
      1 Antwort
      Avatar
      schrieb am 25.01.11 15:47:24
      Beitrag Nr. 13 ()
      Antwort auf Beitrag Nr.: 40.920.461 von cmeise am 25.01.11 14:25:20NEW YORK, Jan. 25, 2011 /PRNewswire-Asia/ -- SmartHeat Inc. , a market leader in China's clean technology energy savings industry, announced today that it signed a definitive agreement to acquire Gustrower Warmepumpen GmbH (GWP), a designer and manufacturer of high efficiency heat pumps, from Conergy AG. This acquisition will extend SmartHeat's clean technology heating solutions into the rapidly growing heat pump markets in Europe and China, enabling SmartHeat's customers to purchase technologically advanced heat pump technology at competitive prices. The transaction is expected to close at the end of February, subject to customary closing conditions, and is not expected to have a material impact to SmartHeat's revenue or EPS for the full 2011 fiscal year.

      Heat pump systems provide heating, cooling and hot water for residential and commercial buildings and process heat for industrial applications using small amounts of electricity. Heat pumps are replacing conventional energy sources such as oil, gas and coal by using the solar energy stored in water, soil and air or recovering heat from wastewater or exhaust air. The various advantages of heat pumps in terms of energy efficiency, operating cost, Carbon Dioxide (CO2) emission reduction and their ability to provide heating and cooling in one machine, has made them the leading energy source for new buildings in Germany and Austria, and has replaced conventional fossil fuel based technology in these countries to a large degree.

      The acquisition of GWP represents the continued efforts of SmartHeat to expand its product lines of energy efficient heating and cooling solutions in China and to offer its clean technology products in new markets. Management believes that the acquisition of GWP allows SmartHeat to offer its customers some of the most advanced heat pump technology in the world and will allow SmartHeat rapid entry into the heat pump markets in China, Europe and the US, which are estimated to be growing at over 20% per year.

      Mr. James Wang, Chairman and Chief Executive Officer of SmartHeat, described the reasoning behind the acquisition: "At SmartHeat, we are committed to developing and manufacturing clean technology heating solutions that directly reduce energy consumption and air pollution. We estimate that heat pumps represent heating and cooling sources in up to 80 percent of the new homes built in Europe and have large potential markets in China and the United States. We estimate that GWP heat pumps reduce household operating costs by between 50-80 percent. Heat Pumps are utilized by commercial users to reduce energy consumption and carbon dioxide emissions, a trend that is encouraged by policymakers in China. Our acquisition of GWP gives SmartHeat access to proven advanced technology, will accelerate our advanced heat pump production in China and will provide us with additional engineering know-how to expand SmartHeat's businesses in key world-wide markets."

      Upon completion of the acquisition, GWP will become a part of SmartHeat's newly formed Heat Pump Division and have offices in Gustrow, Germany and Beijing, China.
      Avatar
      schrieb am 21.03.11 21:17:39
      Beitrag Nr. 14 ()
      Umsatz plus 52%, KGV unter 5 und der Kurs fällt kontinuierlich weiter....?

      http://sec.gov/Archives/edgar/data/1384135/00011442041101472…
      1 Antwort
      Avatar
      schrieb am 21.03.11 21:46:30
      Beitrag Nr. 15 ()
      Antwort auf Beitrag Nr.: 41.244.287 von cmeise am 21.03.11 21:17:39Im Moment fliegen wohl so einige China-Betrügerbuden auf;

      wenn man sich sicher ist, eine legitime Firma gefunden zu haben, könnte aktuell ein sehr guter Einstiegspunkt sein.

      Kenne HEAT aber noch nicht genug; was mir z.B. nicht so gefällt sind die hohen Außenstände...
      Avatar
      schrieb am 12.05.11 09:43:30
      Beitrag Nr. 16 ()
      SmartHeat Inc. Announces First Quarter 2011 Financial Results, Investor Conference Call at 7:30 a.m. EDT on May 10, 2011

      NEW YORK, May 10, 2011 /PRNewswire-Asia/ -- SmartHeat Inc. (NASDAQ: HEAT; website: www.smartheatinc.com), a market leader in China''s clean technology, energy savings industry, today announced financial results for the first quarter ended March 31, 2011. SmartHeat management is scheduled to host an investor conference call at 7:30 a.m. EDT on May 10, 2011.

      Mr. James Jun Wang, Chairman and Chief Executive Officer of SmartHeat Inc., made the following comments regarding the performance of SmartHeat during the first quarter of 2011: "This is the first fiscal quarter in the history of SmartHeat in which we encountered a simultaneous decrease in sales and a net loss. Unfortunately, we are not alone in China with respect to these challenges. Some of our plate heat exchanger (PHE) unit customers postponed or canceled their orders due to the Chinese government''s tightened fiscal policy used to fight inflation. We also faced increased prices of some key materials we use in our manufacturing operations. We expect to overcome these difficulties and maintain our gross margin by strengthening our sales efforts through the maturation of our sales force, increasing sales channels, improving cost controls, increasing prices and continuing to improve the efficiency of our manufacturing operations, which may include staff reductions in certain plants in response to the decrease in revenue from PHE Units.

      "Despite a drop in PHE Unit sales, we are encouraged by the continued strength in sales of heat exchangers and heat meters in this quarter. We also anticipate increased sales in the heat pump sector from our acquisition of Gustrower Warmepumpen GmbH and Shenyang Bingchuan Refrigerating Machine Limited. Â In addition, SmartHeat has been selected as the sole supplier of heat exchangers and complete packaged units for a series of projects in North and South America. This program fits with SmartHeat''s energy efficiency mandate because our technology converts waste heat from diesel and gas engine power plants into electricity using no additional fuel and creating no greenhouse gas emissions. Despite the temporary fiscal tightening impacting our PHE Unit customers, we expect that the Chinese government will continue to require implementation of energy savings policies to reduce emissions, which we believe will continue to increase the demand for our energy-saving products in all industrial sectors. We are optimistic about taking advantage of West China''s economic development and urbanization trends throughout China as well as positioning ourselves as a forward-thinking ''green'' company." Â

      Financial Summary

      In the first quarter of 2011, total sales decreased 16% to $7.89 million compared to $9.39 million in Q1 2010 resulting from a decrease in sales of our PHE Units to our customers that are state-owned enterprises. The decrease in sales was primarily due to tightened fiscal policy in China, which impacted state-owned enterprises that are encountering difficulties in obtaining grants from the government and facing an extended bank loan application process. The new fiscal policy resulted in unexpected cancelations of orders and unscheduled delays in the performance of PHE Unit contracts, which decreased revenue from that product line. The company expects that a significant portion of the canceled PHE Unit orders will be reinstated and some of the contracts that have been partially delayed will be performed within this fiscal year or in 2012.

      Despite the drop in PHE Unit sales, sales of the company''s heat exchangers increased robustly by 33.78% to $6.02 million in Q1 2011 from $4.05 million in Q1 2010 as a result of the continued strength and growth in the metallurgy and petrochemical sectors. The percentage of total sales from heat exchangers increased to approximately 76.24% in Q1 2011 from approximately 48.02% in Q1 2010. Sales of heat meters continued to increase by approximately 63.70% from Q1 2010 and accounted for approximately $0.92 million in revenues for the quarter as a result of our entry into northwestern heat meter markets in China.

      Operating loss totaled $4.51 million, compared with operating income of $1.82 million in Q1 2010. Â Net loss in the quarter totaled $3.95 million, down from $1.7 million net income ($0.05 per diluted share) in Q1 2010. Total operating expenses including selling, general and administrative ("SG&A") expenses totaled $7.08 million, compared with $1.42 million a year ago. Due to the Chinese government''s tightened fiscal policy, some of the company''s state-owned customers that purchase PHE Units encountered difficulties in obtaining grants from the government, obtaining loans from state-owned banks and paying the company''s account receivables on time. As a result of these delays, we reserved $2.07 million for a bad debt allowance in the first quarter even though we expect a substantial portion of the bad debt to be paid.

      The company believes that the impact of the government''s tightened fiscal policy will be temporary and that the previous expansion and training of its marketing team and other employees will continue to improve sales and the efficiency of its operations. Nevertheless, the company will institute a rigorous program of cost cutting to continue tight control of its budget and maintain cost-effectiveness and implement additional cost control measures including a review of the staffing levels of its employees in response to the decrease in revenue from PHE Units.

      Revised Full Year 2011 Earnings Guidance

      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.
      Avatar
      schrieb am 01.06.11 22:36:26
      Beitrag Nr. 17 ()


      Avatar
      schrieb am 09.06.11 22:25:32
      Beitrag Nr. 18 ()
      Heute könnte der Turnaround eingeläutet worden sein.
      Wir haben zwar bei $1.21 ein neues Allzeittief heute hingelegt , aber nichtsdestotrotz hat HEAT fast auf Tageshoch bei $1.37 geschlossen.

      Auffallend waren heute mehrere größere Pakete die einfach so aus dem Ask gekauft wurden.

      In den USA wird über einen Aufkauf der Firma oder ein Aktienrückkaufsprogramm spekulliert.
      Die Aktie ist weiterhin sehr billig und notiert unterhalb des Cashbestands:

      Cash (MRQ): 56.81 mill
      Market Capitalization: 52.82 mill
      Avatar
      schrieb am 22.06.11 17:51:03
      Beitrag Nr. 19 ()
      HEAT $1.536 im Tageshoch heute!
      Gap bei $3 ist mein Ziel hier...
      Avatar
      schrieb am 22.07.11 03:16:47
      Beitrag Nr. 20 ()
      HEAT$1.92 REKORDVOLUMEN +48.84%
      Avatar
      schrieb am 10.11.11 17:37:25
      Beitrag Nr. 21 ()
      SmartHeat Inc. Announces Third Quarter 2011 Financial Results, is Well Positioned for Future, Investor Conference Call at 8:30 a.m. EST on November 8, 2011
      Tue November 8, 2011 6:55 AM | about: HEAT

      NEWS PROVIDED BY:
      PR Newswire

      NEW YORK, Nov. 8, 2011 /PRNewswire-Asia/ -- SmartHeat Inc. (HEAT) (NASDAQ: HEAT; website: www.smartheatinc.com), a market leader in China's clean technology, energy savings industry, today announced financial results for the third quarter ended September 30, 2011. SmartHeat management is scheduled to host an investor conference call at 8:30 a.m. EST on November 8, 2011.

      Mr. James Jun Wang, Chairman and Chief Executive Officer of SmartHeat Inc., made the following comments regarding the performance of SmartHeat during the third quarter of 2011: "We experienced an encouraging increase in sales and deliveries in the third quarter of 2011 compared to the second quarter of 2011, and we are well positioned to take advantage of the results of China's current anti-inflation policies. The slowdown in the heating-supply and other industrial markets in China continued, caused in part by the Chinese government's ongoing tightening of fiscal policy to fight inflation. We are overcoming the postponement and cancellation of some of our plate heat exchanger (PHE) orders in the first half of 2011, however, and maintaining our gross margin by strengthening our sales efforts through the maturation of our sales force, increasing sales channels, improving cost controls, increasing prices and continuing to improve the efficiency of our manufacturing operations, which may include staff reductions in certain plants.

      "Despite the challenging sales environment, we are encouraged by the progress of synergization and integration after the acquisition of Gustrower Warmepumpen GmbH and Shenyang Bingchuan Refrigerating Machine Limited in the first quarter of 2011. We anticipate increased sales in the heat pump sector from both of these companies. Despite the temporary fiscal tightening impacting our customers in China, we expect that the Chinese government will continue to require implementation of energy savings policies to reduce emissions, which we believe will continue to increase the demand for our energy-saving products in all industrial sectors. We are optimistic about taking advantage of West China's economic development and urbanization trends throughout China as well as positioning ourselves as an international forward-thinking 'green' company."

      Financial Summary

      In the third quarter of 2011, total sales increased to $16.57 million compared to $7.08 million in Q2 2011 due to seasonality factors and our steps to increase sales of our PHE Units and PHEs by continuing our expansion into regional areas of China. We are encouraged by our progress in restructuring our business organization, integrating our heat pump manufacturing subsidiaries and improving operating efficiency.

      Operating loss totaled $2.54 million in Q3 2011 compared with operating loss of $7.10 million in Q2 2011. Our net loss for Q3 2011 was $4.0 million compared to net loss of $6.42 million for Q2 2011. The decrease in net loss from the second quarter to the third quarter of 2011 was attributable to improved seasonal sales and our business expansion efforts, and a slowing of the growth of bad debt allowance reserves.

      The Company believes that the current slowdown in heat-supply and other industrial markets caused by the Chinese government's tightened fiscal policy will be temporary and that the previous expansion and training of the Company's marketing team and other employees should result in improved sales and efficiency of its operations. Nevertheless, the Company is instituting a rigorous program of cost cutting to continue tight control of its budget and maintain cost-effectiveness and implement additional cost control measures, including a review of the staffing levels in response to the decrease in sales.

      Revised Full Year 2011 Earnings Guidance

      Due to the impact of significant drops of sales, 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 $18 million to $20 million in net loss and $40 million to $50 million in revenue.

      Investor Conference Call Instructions:

      SmartHeat management will host an earnings conference call today to discuss its third quarter financial results and outlook.


      Date and time: 8:30 a.m. U.S. Eastern Standard Time, November 8, 2011

      U.S. toll free number: +1 888 419.5570

      International direct dial-in: +1 617 896.9871

      Conference passcode: 198 042 83
      Avatar
      schrieb am 05.04.12 10:36:11
      Beitrag Nr. 22 ()
      da scheint jemand von den toten aufzuerstehen; plus 50% heute!
      1 Antwort
      Avatar
      schrieb am 05.04.12 10:41:02
      Beitrag Nr. 23 ()
      Antwort auf Beitrag Nr.: 43.005.568 von R-BgO am 05.04.12 10:36:1104.04.2012 | 21:51

      PR Newswire · Mehr Nachrichten von PR Newswire
      SmartHeat Inc. Comments on Unusual Market Activity

      NEW YORK, April 4, 2012 /PRNewswire-Asia/ --SmartHeat Inc. (NASDAQ: HEAT; website: www.smartheatinc.com), a market leader in China's clean technology, energy savings industry, today announced that while it ordinarily does not comment on market activity or market rumors, in view of the recent unusual market activity in its stock, SmartHeat confirms that it is not aware of any material corporate developments that could account for the unusual trading activity.
      Avatar
      schrieb am 27.07.12 13:32:20
      Beitrag Nr. 24 ()
      SmartHeat Announces Appointment of Chief Financial Officer, Audit Committee Chairman

      July 11, 2012, SmartHeat Inc., (NASDAQ:ÿ HEAT; website: www.smartheatinc.com), announced today that its Board of Directors has appointed Michael Wilhelm as SmartHeat's Chief Financial Officer and Kenneth Scipta as an independent director of the company, who will also serve on the company's audit committee as its chairman.

      Mr. Wilhelm is a graduate of Northwestern's Kellogg School of Management with a Masters of Management in Accounting and is an experienced senior financial manager for both public and private companies.ÿ Since 1984, Mr. Wilhelm worked in various financial positions for the Proquest Company, a $1 billion publicly traded company, and became its corporate treasurer in 1998. In 2001, Mr. Wilhelm joined the Bowe Bell + Howell Company, a $300 million privately held company which was formed through a leveraged buyout of ProQuest. Following the spin-off, Mr. Wilhelm served in multiple capacities for Bell + Howell, including vice president of finance, treasurer and president of its leasing company subsidiary. Following the acquisition of Bell + Howell by Bowe Systec AG, a publicly traded German company, Mike served as chief financial officer for North America and served in this capacity through the eventual sale of the Bell + Howell assets to Versa Capital Management and the court supervised liquidation of Bell + Howell. The Board believes that Mr. Wilhelm's experience in mergers and acquisitions, corporate finance, accounting and auditing will be a valuable addition to SmartHeat's management team.

      Mr. Scipta, a certified public accountant, has over 35 years of accounting experience and has served on several boards of directors. From 1993 to 1996, Mr. Scipta was the president and a board member of Mid-West Springs Manufacturing Company, a NASDAQ traded company, where he was responsible for day to day operations, planning, administration and financial reporting. Upon Mr. Scipta's resignation he assumed the duties of president of the special products division, which included catalog sales, die springs and the development of international sales. Previously, from 1979-1993, Mr. Scipta served in various positions such as president, vice president of finance and vice president of sales and marketing for Mid-West's primary subsidiary. The Board has determined that Mr. Scipta is as an "audit committee financial expert" as defined under Item 407(d) of Regulation S-K, and qualifies as an independent director, as defined by the listing standards of NASDAQ currently in effect and all applicable rules and regulations of the SEC.

      Commenting on these appointments, Mr. Oliver Bialowons, President of SmartHeat, said "We welcome Mr. Wilhelm to the management team and believe that he will make a substantial contribution to management and SmartHeat's financial reporting. In addition, Mr. Scripta brings a wealth of accounting and public company experience which we expect will be invaluable to the current challenges faced by the company."
      Avatar
      schrieb am 27.07.12 13:41:51
      Beitrag Nr. 25 ()
      das habe ich verpasst, leider kann ich nun den Verlust nicht mehr realisieren...:




      SmartHeat Announces Management and Board Restructuring; Retention of Nimbus Restructuring Manager and Appointment of Oliver Bialowons as President


      NEW YORK, May 30, 2012 /PRNewswire-Asia/ --SmartHeat Inc., (NASDAQ: HEAT; website: www.smartheatinc.com),

      today announced the resignations of Mr. James Jun Wang, Chairman of the Board of Directors (Board), President and CEO, Mr. Wen Sha, Vice President of Marketing, Mr. Xudong Wang, Vice President of Strategy, and Ms. Zhijuan Guo, Chief Financial Officer. Mr. Jun Wang, Mr. Sha and Mr. Xudong Wang will continue in all of their current roles with SmartHeat's subsidiaries, but will no longer be affiliated with SmartHeat Inc., the U.S. holding company incorporated in Nevada (SmartHeat). Ms. Guo has resigned from all roles and responsibilities with SmartHeat and its subsidiaries.

      At a two day Board meeting which ended on May 25, 2012, Mr. Oliver Bialowons was appointed as a Director and as President of SmartHeat to fill the roles formerly held by Mr. James Wang. Mr. Bialowons is an experienced turnaround executive with more than 20 years of related experience, much of which was in the automobile and aerospace industries. He has served in positions as Managing Director, Chief Operating Officer and Chief Restructuring Officer of several companies. Most recently, he served as COO of neckermann.de GmbH, Managing Director of Bowe Systec AG, and as Chairman and CEO of Bowe Bell + Howell Company, a financially stressed U.S. based manufacturer of industrial logistics equipment with worldwide operations and distribution. He directed a restructuring of the business and an eventual sale of the Bell+Howell business to Bell and Howell, LLC, a portfolio company of Versa Capital Management, LLC. Currently he serves on the Board of Bell and Howell, LLC and is assisting an insolvency receiver in Germany to market a large chain of retail stores in Europe.

      The Board directed management to coordinate with SmartHeat's subsidiaries to select SmartHeat's new CFO as soon as possible. Ms. Guo was vital to the timely preparation of SmartHeat's financial statements and regulatory filings, and the Board expressed their gratitude to her for her help. In addition, the Board authorized the commencement of a search to fill the role of Chairman of SmartHeat's Audit Committee. The Board determined not to fill Mr. Sha's or Mr. Xudong Wang's positions at this time.

      The Board approved the retention of Nimbus Restructuring Manager LLC (NRM) as Restructuring Adviser to assist SmartHeat's Board to address its financial and liquidity issues reflected in Note 2, "Cash and Equivalents", in the Notes to Consolidated Financial Statements (Unaudited) included in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. NRM is an affiliate of Nimbus Strategies LLC (a U.S. based strategy consulting firm).

      To address SmartHeat's immediate cash needs, the Board approved borrowing up to $1,000,000 to fund ordinary course operating expenses under a binding commitment letter for a Revolving Line of Credit (Revolver), subject to an acceptable fairness opinion, negotiation of final terms and the execution of a definitive agreement. The Revolver has a term of nine months, but is extendable at SmartHeat's option for up to 4 additional nine month terms, and is payable in advance at any time. Borrowings under the Revolver would be secured by a lien on certain of SmartHeat assets and would be convertible, at the option of the lender, into shares of SmartHeat common stock under certain circumstances. The Revolver is subject to a $150,000 termination fee. Mr. James Wang is a principal and director of the lender. Borrowings under the Revolver would accrue cash interest at a rate of 1% per month plus equity consideration targeted to provide additional return equivalent to approximately 0.5% to 0.6% per month, assuming that the term is fully extended.

      In connection with the engagement of NRM as Restructuring Agent, the appointment of Oliver Bialowons as President and the Revolver commitment, the Board, subject to the execution of definitive agreements, approved the issuance of an aggregate of approximately 335,000 shares, subject to certain adjustments, of restricted stock for nominal consideration. These shares of restricted stock may not be sold or transferred, except under limited circumstances, and are subject to certain buy back options and other restrictions.
      Avatar
      schrieb am 27.07.12 13:43:30
      Beitrag Nr. 26 ()
      NEW YORK, July 11, 2012 /PRNewswire-Asia/ -- SmartHeat Inc., (NASDAQ: HEAT; website: www.smartheatinc.com), announced today that its Board of Directors has appointed Michael Wilhelm as SmartHeat's Chief Financial Officer and Kenneth Scipta as an independent director of the company, who will also serve on the company's audit committee as its chairman.

      Mr. Wilhelm is a graduate of Northwestern's Kellogg School of Management with a Masters of Management in Accounting and is an experienced senior financial manager for both public and private companies. Since 1984, Mr. Wilhelm worked in various financial positions for the Proquest Company, a $1 billion publicly traded company, and became its corporate treasurer in 1998. In 2001, Mr. Wilhelm joined the Bowe Bell + Howell Company, a $300 million privately held company which was formed through a leveraged buyout of Proquest. Following the spin-off, Mr. Wilhelm served in multiple capacities for Bell + Howell, including vice president of finance, treasurer and president of its leasing company subsidiary. Following the acquisition of Bell +Howellby Bowe Systec AG, a publicly traded German company, Mike served as chief financial officer for North America and served in this capacity through the eventual sale of the Bell + Howell assets to Versa Capital Management and the court supervised liquidation of Bell + Howell. The Board believes that Mr. Wilhelm's experience in mergers and acquisitions, corporate finance, accounting and auditing will be a valuable addition to SmartHeat's management team.

      Mr. Scipta, a certified public accountant, has over 35 years of accounting experience and has served on several boards of directors. From 1993 to 1996, Mr. Scipta was the president and a board member of Mid-West Springs Manufacturing Company, a NASDAQ traded company, where he was responsible for day to day operations, planning, administration and financial reporting. Upon Mr. Scipta's resignation he assumed the duties of president of the special products division, which included catalog sales, die springs and the development of international sales. Previously, from 1979-1993, Mr. Scipta served in various positions such as president, vice president of finance and vice president of sales and marketing for Mid-West's primary subsidiary. The Board has determined that Mr. Scipta is an "audit committee financial expert" as defined under Item 407(d) of Regulation S-K, and qualifies as an independent director, as defined by the listing standards of NASDAQ currently in effect and all applicable rules and regulations of the SEC.

      Commenting on these appointments, Mr. Oliver Bialowons, President of SmartHeat, said, "We welcome Mr. Wilhelm to the management team and believe that he will make a substantial contribution to management and SmartHeat's financial reporting. In addition, Mr. Scripta brings a wealth of accounting and public company experience which we expect will be invaluable to the current challenges faced by the company."
      Avatar
      schrieb am 15.08.12 13:48:24
      Beitrag Nr. 27 ()
      SmartHeat files to delay 10-Q
      Theflyonthewall.comTheflyonthewall.com – 20 hours ago
      Companies:

      SmartHeat Inc.

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      The company said, "Our management and independent auditor required additional time to prepare, substantiate and verify the accuracy of certain disclosures in our Quarterly Report on Form 10-Q for the period ended June 30, which could not be completed without incurring undue hardship and expense. We anticipate filing our complete Quarterly Report on Form 10-Q for the period ended June 30, on August 20.
      ++++++++++++++++++
      ++++++++++++++++++

      http://www.finviz.com/quote.ashx?t=heat&ty=c&ta=1&p=d

      kein chart.....
      Avatar
      schrieb am 14.03.13 19:59:00
      Beitrag Nr. 28 ()
      SEC-Filing:

      Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

      On February 20, 2013, Michael Wilhelm resigned from his position as Chief Financial Officer and Treasurer of SmartHeat, Inc., a Nevada corporation (the “Company”). Mr. Wilhelm stated that he was resigning due to being “named personally in a groundless shareholder suit, where the alleged (unproven) actions in question are alleged to have taken place long before my involvement with the company.” Mr. Wilhelm was added as a defendant to the class action lawsuit filed against the Company, its directors, and certain of its former officers, originally captioned Steven Leshinsky v. James Wang, et. al, in an amended complaint filed by the Rosen Law Firm on January 28, 2013 (the “Amended Complaint”).

      Oliver Bialowons, President of the Company, also named as a defendant in the Amended Complaint, stated that he was disconcerted by Mr. Wilhelm’s resignation as result of what Mr. Bialowons believed were unfair and spurious claims. Mr. Bialowons believes Mr. Wilhelm, the Company and himself, have not committed any wrongdoing and noted that Mr. Wilhelm was not an executive officer of the Company during the alleged class period. Mr. Bialowons further stated that Mr. Wilhelm was a diligent and extremely competent Chief Financial Officer whose intelligence and acumen were a valuable addition to the Company. Mr. Bialowons believes the search for a Chief Financial Officer to replace Mr. Wilhelm will likely be difficult, because the Rosen Law Firm appears intent on including any officer of the Company in the class action. The difficulty in retaining a suitable Chief Financial Officer, who is qualified to sign the requisite Sarbanes-Oxley certifications, due to the legal harassment of the Company’s officers by the plaintiffs and lawyers in the class action, may delay the Company’s 2012 Annual Report on Form 10K required to be filed by April 1, 2013.
      Avatar
      schrieb am 14.03.13 20:50:00
      Beitrag Nr. 29 ()
      Kann jemand einen komprimierten Überblick über die Situation dieser Firma geben? Danke.
      1 Antwort
      Avatar
      schrieb am 07.02.14 16:42:37
      Beitrag Nr. 30 ()
      Antwort auf Beitrag Nr.: 44.254.383 von cmeise am 14.03.13 20:50:00sie waren sehr weit im Verzug mit ihren Filings, insoweit extrem opak

      zu meiner Überraschung haben sie inzwischen sogar den 10q für 3-2013 publiziert: http://www.sec.gov/Archives/edgar/data/1384135/0001185185130…


      würde den Wert aber im Moment nicht mal mit der Kneifzange anfassen
      Avatar
      schrieb am 27.03.14 12:24:26
      Beitrag Nr. 31 ()
      Item 8.01 Other Events

      On December 30, 2013, a Nevada Corporation (the “Company”), closed the transaction contemplated by the Equity Interest Purchase Agreement (the “Equity Interest Purchase Agreement”) dated October 10, 2013, whereby the buyers purchased 40% of the Company’s equity interests in the following PHE segment subsidiaries: SmartHeat Taiyu (Shenyang) Energy; SmartHeat Siping Beifang Energy Technology Co., Ltd.; SmartHeat (Shenyang Energy Equipment) Co. Ltd.; Hohot Ruicheng Technology Co., Ltd.; and Urumchi XinRui Technology Limited Liability Company (collectively, the “Target Companies”). The purchase price was RMB 5,000,000. The terms of the Equity Purchase Agreement was previously reported by the Company on its Form 8-K, dated October 15, 2013.

      The Company retains an option to repurchase the equity interests of the Target Companies from the buyers at a purchase price of RMB 5,600,000 which terminates on February 28, 2014. In the event the Company does not exercise its option to repurchase the equity interest, the buyers shall have the option to purchase an additional 40% equity interest in the Target Companies for an additional purchase price of RMB 6,000,000. In the event the buyers exercise their option to purchase the additional 40% equity interest, the Company will seek the approval of its shareholders prior to completing the sale. In the event such approval is not obtained, the buyers may terminate the Equity Interest Purchase Agreement. Should the buyers exercise their option to purchase the additional 40% equity interest, and the Company’s shareholders approve the sale, the Company has the option to require the Buyers to purchase the remaining 20% equity interest for a purchase price of RMB 2,500,000.

      The buyers consist of a group of 25 natural persons, all of whom are P.R.C. citizens, including Wen Sha, Jun Wang and Xudong Wang, managers of the Company’s subsidiaries engaged in the PHE segment of its business, and Huajuan Ai and Yingkai Wang, the Company’s Corporate Secretary and Acting Chief Accountant, respectively. Huajuan Ai, Wen Sha, Jun Wang and Xudong Wang are also principals in Northtech Holdings Inc.

      The foregoing description of the terms of the Equity Interest Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Equity Interest Purchase Agreement, filed as Exhibit 10.18 to the Form 8-K of the Company filed on October 15, 2013.
      Avatar
      schrieb am 26.04.14 12:57:30
      Beitrag Nr. 32 ()
      gestern urplötzlich handelbar, habe sofort meinen Verlust realisiert

      over-and-out


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