Sutor Technology Group, Ltd. (SUTR) - 500 Beiträge pro Seite

[benefactor [KommA]]

BUSINESS SUMMARY:
Sutor Technology Group Limited, through its subsidiaries, engages in the manufacture and sale of steel finishing fabrication products in the People\'s Republic of China. Its products include high-end hot-dip galvanized steel (HDG Steel) for use in electrical household appliance and construction materials; prepainted galvanized steel for use in construction materials, and parts and casings of electronic household appliances; acid pickled steel, which is used as a raw material for cold-rolled steel strip and HDG Steel, as well as components of automobile and manufacturing equipment; and hard cold-rolled steel strips used to produce HDG of cold-rolled steel. In addition, the company provides sewage treatment services to the other manufacturing plants and households in Dong Bang. Its customers include manufacturers of electrical household appliances construction steel suppliers; and manufacturers of automobiles, ships, and other large equipments. Sutor Technology Group also exports its products to Europe, the United States, South Africa, south Asia, and southeastern Asia. The company is based in Changshu, the People\'s Republic of China.
http://www.cshuaye.com/

[benefactor [KommA]]

Sutor Reports Second Fiscal Quarter 2008 Results
Thursday February 14, 8:01 am ET

CHANGSHU, China, Feb. 14 /Xinhua-PRNewswire/ -- Sutor Technology Group Limited ("Sutor" or the "Company") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced its unaudited financial results for the second quarter ended December 31, 2007.

Second Fiscal Quarter 2008 Financial Highlights:
-- Total net revenues increased 46.15 % over the second fiscal quarter
2007 to US$114.89 million
-- Income from operations increased 68.6% over the second fiscal quarter
of 2007 to US$8.66 million
-- Net income increased 49.8% over the second fiscal quarter of 2007 to
US$6.69 million
-- Fully-diluted earnings per common share for the second fiscal quarter
2008 was US$0.18, compared to US$0.14 for the second fiscal quarter
2007

"Our strong second quarter results were driven by our continued focus on delivering value to our customers," said Ms. Lifang Chen, Chairperson of Sutor. "We continued to focus on our vertical integration and solid execution. We have successfully expanded our production lines and increased our market penetration. Our move to the NASDAQ Capital Market will help raise our visibility among institutional and retail investors alike, broadening and deepening the market for our shares, as well as our products."

Mr. Yongfei Jiang, Chief Financial Officer of Sutor, said, "I am pleased to report another strong quarter. We continued to experience strong demand for our products in the second quarter which resulted in strong revenue growth, increased net income and higher gross margins."

Business Highlights

Listed on NASDAQ

Sutor announced that its common shares began trading on the NASDAQ Capital Market under the ticker symbol "SUTR" on February 11, 2008. Previously, the company traded on the Over-the-Counter Bulletin Board with the symbol "SUOT."

Vertical Integration Plan Phase II

The Company is on track to complete its vertical integration process and expects its zinc & aluminum galvanizing steel production system, which could operate both hot-rolled and cold-rolled coils, with a designed annual manufacturing capacity of 400,000 metric tons to become operational by the end of February 2008.

Second Fiscal Quarter 2008 Unaudited Financial Results

Revenues. Revenues amounted to US$114.89 million in the second fiscal quarter 2008, compared to US$78.61 million net revenues for the second fiscal quarter 2007, representing an increase of 46.15%. This significant increase reflects the Company's success in expanding its production lines and increasing its market penetration.

Gross Profit. Gross profit increased 67.3% to US$11.41 million for the second fiscal quarter 2008 from US$6.82 million in the second fiscal quarter 2007. Gross margin was 9.93% in the second fiscal quarter 2008, up from 8.67% in the second fiscal quarter 2007. The improved margins resulted from both the improved product mix and the reduced costs from our vertical integration. For the second fiscal quarter 2008, our PPGI products, which generally command higher gross margins than our HDG products, contributed significantly to total revenue, as compared to the same period last year. In addition, the added integration of the acid-pickling and cold-rolling production lines allowed us to ensure high-quality internal sourcing at a lower cost.

Income from Operations. Income from operations for the second fiscal quarter 2008 was US$8.66 million, representing a 68.6% increase, compared to US$5.13 million in the second fiscal quarter 2007. This increase was primarily due to increased revenue and enhanced gross margins. Operating margin for the second fiscal quarter 2008 was 7.54%, up from the 6.53% in the second fiscal quarter 2007, attributable to improved gross margins.

Operating Expenses. Our total operating expenses increased by 63.5% to US$2.75 million in the second fiscal quarter of 2008, compared to US$1.68 million in the second fiscal quarter 2007. This increase was primarily due to expenses of being a U.S. public company and the increased transportation costs in connection with sales to unrelated parties.

Other Expense. Other expense increased to US$1.14 million in the second fiscal quarter of 2008, compared to net other expense of US$0.04 million in the second fiscal quarter of 2007, primarily as a result of the increased interest expense from the current loan amount.

Provision for Income Tax. Our provision for income tax increased by 31.8% from US$0.63 million for the second fiscal quarter 2007 to US$0.83 million for the second fiscal quarter 2008, mainly due to increased taxable income in the second fiscal quarter 2008 as a result of our increased profitability.

Net Income. Net income increased by 49.8% from US$4.46 million for second fiscal quarter 2007 to US$6.69 million for the second fiscal quarter 2008 as a result of all the factors described above.

[benefactor [KommA]]

Check on China: Sutor Technology Group (Nasdaq SUTR)
Shannon Roxborough | Mar 06, 2008 6:20am EST |

China is attracting Wall Street's attention like never before. And with good reason: after all, a country that dominates the low-end consumer market in everything from clothing to toys to consumer electronics simply can't be ignored. The nation of 1.3 billion has become an economic juggernaut that has propelled Chinese companies onto the world stage and made China an integral part of the global economy.

China's economy grew 11.4% in 2007, the fastest in 13 years, and that type of growth requires an enormous amount of raw materials to fuel the country's rapid industrialization and urbanization. In fact, China now consumes roughly 50% of the world’s cement, about 25% of all aluminum and copper and nearly 40% of the steel supply. Which brings us to Sutor Technology Group, Ltd. (Nasdaq: SUTR).

Founded in 2003, Changshu-based Sutor is one of China's leading private manufacturers of steel finishing fabrication products for a wide range of industrial uses. Sutor uses a number of processes to convert steel supplied by third parties into products including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel and hard cold-rolled steel for use in automobiles, seagoing vessels, household appliance parts and outer casings, electronics, construction materials and large industrial equipment. Roughly 90% of the company's products are supplied to the Chinese market, while the remainder is exported to the United States, Europe, Asia and South Africa.

Last year, the company introduced a new antistatic color coating technology engineered for its steel strips. It also secured a contract to supply 10,000 tons of hot-dip galvanized steel to Anhui Water Resources Development Co., Ltd., a company engaged in various commercial building and infrastructure development projects. The pursuit of new technologies, expansion of production lines and increased market penetration has already begun to pay off for Sutor.

Second-quarter results, reported on Feb. 14, exceeded all expectations. Net income surged close to 50% to $6.7 million, or $0.18 a share, from $4.5 million, or $0.14 a share, in the same period a year earlier. Sales increased 46% to $114.9 million from $78.6 million in the same period last year. Gross profit leaped 67% to $11.41 million from $6.82 million, while gross margin as a percentage of sales advanced to 9.93% from 8.67%.

Sutor's good fortunes may have only just begun. It has recently completed the vertical integration process for making its zinc and aluminum hot-dipped galvanized steel production system operational. And its stepped up production efforts haven't gone unnoticed by the Street.

In a Feb. 15 report, analysts at Roth Capital Partners were bullish on the steel product maker’s future, noting: "we anticipate incremental revenue contribution starting Q1 FY09. We expect HDG capacity will double by December 2008, which will increase total capacity by 30%+, to 1.7 million tons. Except the AP line, all the other three lines are running at full capacity. That said, we believe the company is planning to add additional lines, which could provide upside to our FY 09 estimates. With increasing capacity and strong pricing trends, we expect a 3-year revenue growth CAGR of 19% and gross margin expansion to 11.9% by the end of FY09 from 9.9% this quarter."

Sutor began trading on the Nasdaq Capital Market on Feb. 11. Shares closed on Wednesday at $5.10. Sutor’s (SUTR) stock is undervalued, trading at a heavy discount to both its Chinese and American peers.

http://www.smallcapinvestor.com/articles/03062008-check_on_c…

[benefactor [KommA]]

Sutor to Produce New Hot-Dipped Galvanized Steel and to Plan New Annealing/Degreasing Production Lines
Tuesday March 25, 8:00 am ET

CHANGSHU, China, March 25 /Xinhua-PRNewswire/ -- Sutor Technology Group Limited ("Sutor" or the "Company") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, announced today its plans to commence operation and production of its new zinc and aluminum hot-dipped galvanization ("HDG") system in the third quarter of calendar year 2008 (first quarter of the Company's 2009 fiscal year), and to initiate construction of new annealing and degreasing production lines in 2008, which are expected to become operational in the second quarter of calendar year 2009 (fourth quarter of the Company's 2009 fiscal year).

Construction of New HDG System

In August 2007, Sutor commenced construction of its new HDG system. Our construction process for the HDG system involves three stages: procurement, commissioning and final assembly/optimization. During the procurement stage, we evaluate and select appropriate component and equipment vendors; during commissioning, we conduct extensive on-site qualification testing, verification and optimization with our components, subsystems and equipment vendors and in the final stage, we complete assembly, final testing and optimization.

Currently, our new HDG system is still in the commissioning stage, which is designed to ensure the system's future stability and reliability of production, as well as efficient integration for final assembly. Our original construction design only included one galvanizing pot for the HDG specifications. However, based on the customer demand assessment and future operation cost considerations, we decided to re-design this new system within the commissioning stage to include two galvanizing pots for improved flexibility, enhanced reliability and reduced down time for cost savings. Accordingly, we extended the commissioning period for the addition of the extra galvanizing pot, which we believe will optimize our new HDG system.

Once completed, our new system is expected to provide 400,000 additional metric tons of annual capacity to our existing 200,000 metric ton HDG line, resulting in a total of 600,000 metric tons of annual capacity. Our new system affords us new advanced production capabilities using hot-dipped galvanizing methodology for both hot-rolled and cold-rolled steels, compared to our existing line, which is only capable of hot-dipped galvanizing of cold- rolled steel. Additionally, the new system can galvanize both zinc and aluminum coatings, compared to the existing line which can only galvanize zinc coating. The aluminum coatings have different applications than the zinc coatings, and can further meet the customers' specification requirements. We expect our improved production technology will make us more competitive and enhance our business prospects.

Planning of New Annealing/Degreasing Production Lines

As the new HDG system nears completion, Sutor is also planning to expand its annealing and degreasing capabilities. The annealing facilities which induce ductility, relieve internal stresses, and refine and improve the structure and the properties of the cold-rolled steel for expanded steel applications and the degreasing line which is designed as a surfacing cleaning process in preparation for annealing and for quality compliance of the cold- rolled products expand and diversify our production capacities and enhance product quality.

The new annealing and the degreasing lines are expected to have annual capacity of 300,000 metric tons each and commence mass production in the second quarter of calendar year 2009 (the fourth quarter of the Company's 2009 fiscal year).

Ms. Lifang Chen, Chairperson of Sutor, commented, "I am pleased to announce the continuation of our vertical integration growth strategy. Our new and advanced HDG system will successfully expand our production capacity helping us to better meet our customer demands. In addition, I am very excited to be commencing the construction of our new annealing/degreasing lines which will further diversify our product portfolio, expand our market applications, improve our value proposition to our customers, mitigate our supply chain and quality sourcing risks, as well as expand our revenue base for the future."

About Sutor Technology Group Limited

Sutor is one of the leading manufacturers of steel finishing fabrication products in China. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into steel finishing fabrication products, including hot-dipped galvanized steel, pre- painted galvanized steel, acid-pickled steel, and cold-rolled steel. To learn more about the Company, please visit http://www.sutorcn.com.

[benefactor [KommA]]

Sutor Reports Third Fiscal Quarter 2008 Results
Thursday May 15, 4:35 pm ET

DONGBANG TOWN, China, May 15, 2008 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor" or "the Company") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced its unaudited financial results for the third fiscal quarter ended March 31, 2008.

Third Fiscal Quarter 2008 Financial Highlights:

-- Total revenues increased 37.61% over the third fiscal quarter of 2007
to US$98.10 million
-- Income from operations increased 104.5% over the third fiscal quarter
of 2007 to US$10.18 million
-- Net income increased 100.5% over the third fiscal quarter of 2007 to
US$7.79 million
-- Fully-diluted earnings per common share for the third fiscal quarter
2008 was US$0.21, compared to US$0.11 for the third fiscal quarter 2007

Ms. Lifang Chen, Chairlady and CEO of Sutor said, "I am pleased to report another strong quarter of growth driven by solid execution of business strategy focusing on vertical integration to provide a total solution for our customers. We completed Phase I of our vertical integration plan by installing the cold-rolled steel and acid-pickled steel production lines. The addition of these production lines diversified our product portfolio, enhanced the quality of our sourcing, and mitigated our supply chain risks. As part of Phase II, we will be expanding into a high-end hot-dipped galvanizing steel production system that will be capable of galvanizing both hot-rolled and cold-rolled steel with both zinc and aluminum, allowing us to better meet the needs of our customers. We expect this additional production line to be operational in third quarter of 2008, adding an incremental annual capacity of 400,000 metric tons. I look forward to updating our shareholders as we continue our progress."

Mr. Yongfei Jiang, Chief Financial Officer of Sutor, said, "Our third fiscal quarter 2008 performance continued to demonstrate our execution capability in capturing the growth opportunities in the market segment. The completion of the Phase I of vertical integration plan expanded our revenue base significantly and enhanced our gross margin by reducing the overall costs. New cold-rolled steel and acid-pickled steel production lines contributed significantly to our strong performance during this first fiscal quarter."

Third Fiscal Quarter 2008 Unaudited Financial Results

Revenues. Revenues amounted to US$98.10 million in the third fiscal quarter 2008, compared to US$71.28 million net revenues for the third fiscal quarter 2007, representing an increase of 37.61%. This increase is primarily attributable to the additions of the acid-pickled and cold-rolled steel production lines toward the end of 2006 and early 2007, respectively. These two lines contributed US$35.81 million revenue for the third fiscal quarter 2008.

Gross Profit. Gross profit increased 63% to US$11.82 million for the third fiscal quarter 2008 from US$7.25 million in the third fiscal quarter 2007. Gross margin was 12.1% in the third fiscal quarter 2008, compared to 10.21% in the third fiscal quarter 2007. The improved margins resulted from both the improved product mix and the reduced costs from our vertical integration. For the third fiscal quarter 2008, our PPGI products, which generally command higher gross margins than our HDG products, contributed approximately 33.8% of the total revenue, as compared to 26.4% for the same period last year. In addition, the added integration of the acid-pickling and cold-rolling production lines allowed us to ensure high-quality internal sourcing at a lower cost.

Income from Operations. Income from operations for the third fiscal quarter 2008 was US$8.3 million, representing a 142.1% increase, compared to US$3.4 million in the third fiscal quarter 2007, primarily due to increased revenue and enhanced gross margins. Operating margin for the third fiscal quarter 2008 was 10.4%, up from the 7.1% in the third fiscal quarter 2007, attributable to improved gross margins.

Operating Expenses. Our total operating expenses decreased by 27.8% to US$1.64 million in the third fiscal quarter of 2008, compared to US$2.27 million in the third fiscal quarter 2007. This decrease was primarily due to significant increase in general and administrative expenses which resulted from the decreased bad debt allowance and the associated expenses for being a U.S. public company.

Other Expense. Other expense increased to US$1.48 million in the third fiscal quarter of 2008, compared to net other expense of US$0.41 million in the third fiscal quarter of 2007, primarily as a result of the increased interest expense from the current loan amount.

Income before Tax and Minority Interests. As a result of the foregoing, our income before tax and minority interests increased by 90.4% from US$4.57 million in the third fiscal quarter 2007 to US$8.70 million for the third fiscal quarter 2008.

Provision for Income Tax. Our provision for income tax increased by 32.4% from US$0.68 million for the third fiscal quarter 2007 to US$0.90 million for the third fiscal quarter 2008, mainly due to increased taxable income in the third fiscal quarter 2008 as a result of our increased profitability. The effective tax rate was 11.2% for the third fiscal quarter 2008, about the same level as for the prior year period.

Net Income. Net income increased by 100.31% from US$3.89 million for third fiscal quarter 2007 to US$7.79 million for the third fiscal quarter 2008 as a result of all the factors described above.

In the three months ended March 31, 2008, approximately 33.48% of our procurement was conducted through Shanghai Huaye. Due to the size of Shanghai Huaye, it has stronger bargaining power and our arrangement with Shanghai Huaye helps us get relatively lower purchase price from suppliers.

Business Highlights and Outlook

Production Updates: Third Fiscal Quarter 2008 compares Third Fiscal Quarter 2007


-- 71,000 metric tons of hot-dipped galvanized (HDG) steel was produced
during third fiscal quarter 2008 while 63,000 metric tons during the
same period in 2007.
-- 36,000 metric tons of pre-painted galvanized (PPGI) steel was produced
during third fiscal quarter 2008 while 33,000 metric tons during the
same period in 2007.
-- 68,000 metric tons of cold-rolled steel was produced during third
fiscal quarter 2008 while 19,000 metric tons during the same period in
2007.
-- 71,000 metric tons of acid-pickled (AP) steel was produced during third
fiscal quarter 2008 while 49,000 metric tons during the same period in
2007.

Vertical Integration Plan Phase II
-- The Company is on track to complete its vertical integration process
and expects its hot-rolled galvanizing steel production system with a
designed manufacturing capacity of 400,000 metric tons to become
operational in third quarter of 2008.

Expansion of Production Lines
-- We are planning phase III expansion for two more HDG lines and two more
PPGI lines. Each of the HDG lines is expected to have about 400,000
metric tons of capacity, and each of the PPGI lines is expected to have
about 200,000 metric tons of capacity.
-- Next, we are planning phase IV product extension where we expect to
install one new annealing line with total capacity of 200,000 metric
tons and one new skim pass mill with total capacity of 200,000 metric
tons.
-- Currently, we expect both phase III and phase IV production lines to be
fully operational during 2010. As a result, the completion of both
phases will likely almost triple our total volume to about 3,070,000
metric tons from the existing 1,070,000 metric tons.

Functional Currency and Translating Press Release

The functional currency of the Company is the Chinese Yuan Renminbi ("RMB"); however, the accompanying financial information has been expressed in United States Dollars ("USD"). The accompanying consolidated balance sheets have been translated into USD at the exchange rates prevailing at each balance sheet date. The accompanying consolidated statements of operations and cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. Transactions in the Company's equity securities have been recorded at the exchange rate existing at the time of the transaction.

About Sutor Technology Group Limited

Sutor (Nasdaq: SUTR - News) is one of the leading private manufacturers of steel finishing fabrication products in China. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into steel finishing fabrication products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel, and cold- rolled steel. To learn more about the Company, please visit http://www.sutorcn.com .

[ustrading]

da hast du ja eine richtig kleine Perle ausgegraben
Starke Wachstumsraten bei Umsatz und Gewinn, 08 KGV kliegt bei unter 10 und die Insider halten über 80% aller Aktien ... kommt auf die WL

[benefactor [KommA]]

Jetzt dürfte es bald wieder interessant werden bei SUTR.

[benefactor [KommA]]

Also ich habe mir heute mal ein paar Aktien zu $4 Dollar zugelegt. Wenn die ihre Expansion einhalten, sollte Sutor in den nächsten Jahren bei weit über $10 notieren.

[benefactor [KommA]]

Sutor Technology Group Limited Announces Strong Fourth Quarter and Fiscal Year 2008 Results
Thursday September 25, 8:00 pm ET

-- 4Q08 Revenue Increases 14.5% to US$105.5 Million Compared to 4Q07
-- 4Q08 Net Income increases 9.83% to US$10.04 Million Compared to 4Q07
-- Full Fiscal Year 2008 Revenue increases 61.05% to US$418.03 Million
-- Full Fiscal Year 2008 Net Income increases 51.73% to US$31.14 Million

DONGBANG TOWN, China, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced its financial results for the fourth quarter and fiscal year ended June 30, 2008.

Fourth Fiscal Quarter 2008 Financial Highlights:
-- Total revenues increased 14.5% over the fourth fiscal quarter of 2007
to US$105.5 million
-- Net income increased 9.83% over the fourth fiscal quarter of 2007 to
US$10.04 million
-- Fully-diluted earnings per common share for the fourth fiscal quarter
2008 was US$0.26, compared to US$0.25 for the fourth fiscal quarter
2007

Ms. Lifang Chen, Chairlady and CEO of Sutor said, "I am pleased to report another strong quarter of growth driven by solid execution of business strategy focusing on vertical integration to provide a total solution for our customers. I look forward to updating our shareholders as we continue our progress."

Fourth Fiscal Quarter 2008 Financial Results:

Revenues. Revenues amounted to US$105.5 million in the fourth fiscal quarter 2008, compared to US$92.15 million revenues for the fourth fiscal quarter 2007, representing an increase of 14.5%.

Gross Profit. Gross profit decreased 11.44% to US$10.31 million for the fourth fiscal quarter 2008 from US$11.64 million in the fourth fiscal quarter 2007. Gross margin was 9.76% in the fourth fiscal quarter 2008, compared to 12.63% in the fourth fiscal quarter 2007. We produced certain products for the use of Sichuan earthquake relief in the fourth fiscal quarter which had a low profit margin.

Income from Operations. Income from operations for the fourth fiscal quarter 2008 was US$11.77 million, representing a 18.5% increase, compared to US$9.93 million in the fourth fiscal quarter 2007. Operating margin for the fourth fiscal quarter 2008 was 11.15%, up from the 10.76% in the fourth fiscal quarter 2007.

Income before Tax and Minority Interests. Our income before tax and minority interests increased by 15.09% from US$8.15 million in the fourth fiscal quarter 2007 to US$9.38 million for the fourth fiscal quarter 2008.

Net Income. Net income increased by 9.83% from US$9.14 million for fourth fiscal quarter 2007 to US$10.04 million for the fourth fiscal quarter 2008.

Full Year 2008 Results:

For the fiscal year ended June 30, 2008, the Company reported revenue of $418.03 million, an increase of 37.76 % compared to the $303.44 million reported for the same period last year. Gross profits for the fiscal year 2008 were $ 44.92 million, or 10.75 % of sales, compared to gross profit of $30.54 million, or 10.06 % of revenue, for the same period last year. Total operating expenses for the fiscal year ended June 30, 2008 were $5.99 million, or 1.43% of revenue, compared to $7.06 million, or 2.33% of revenue, for the same period last year. Net income for the fiscal year ended June 30, 2008 was $ 31.14 million, or $0.82 per fully diluted common share outstanding (based on 37.96 million weighted average shares), an increase of 51.73 % compared to net income of $20.52 million, or $0.59 per common share outstanding (based on 34.60 million weighted average shares) in the same period a year ago.

Financial Condition:

The Company's cash and cash equivalents balances as of June 30, 2008 were $11.81 million, compared to cash equivalents of $8.83million as of June 30, 2007. As of June 30, 2008, the Company had working capital of $76.9 million. Stockholders' equity increased 48.57 % to $132.75 million, compared to $89.35 million as of June 30, 2007.

Functional Currency and Translating Press Release

The functional currency of the Company is the Chinese Yuan Renminbi ("RMB"); however, the accompanying financial information has been expressed in United States Dollars ("USD"). The accompanying consolidated balance sheets have been translated into USD at the exchange rates prevailing at each balance sheet date. The accompanying consolidated statements of operations and cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. Transactions in the Company's equity securities have been recorded at the exchange rate existing at the time of the transaction.

[benefactor [KommA]]

Heute habe ich wieder kräftig SUTR Aktien gekauft. Einfach nur dämlich was bei manchen Small- und Micro-Caps abläuft.

[benefactor [KommA]]

Sutor Technology Group Limited Announces That Its New Production Line Starts Operating From October 1, 2008
Thursday October 9, 7:30 am ET

DONGBANG TOWN, China, Oct. 9 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced the commencement of operations of its new 400,000 metric ton Hot-Dipped Galvanized ("HDG") steel production line.

The new HDG steel production line is capable of galvanizing both hot-rolled and cold-rolled steel with both zinc and aluminum, which will significantly expand our production capacity of HDG steel. Production capacity will increase from current 200,000 metric tons per year to 600,000 metric tons per year, a two-hundred percent increase.

In addition to the significant increase in production capacity, the addition of the new production line is also expected to diversify the Company's product portfolio and further vertical integration, which will increase our profit margin.

Ms Lifang Chen, Chairlady and CEO of Sutor, said: "The operation of the new production line will make Sutor more influential in the Chinese steel finishing and fabrication industry, and will help us further penetrate the domestic and global niche market for HDG steel products. Sutor's strategic plan to introduce high value-added steel products is being realized in a step-by-step fashion."

[benefactor [KommA]]

Sutor Technology Group Limited Announces Patent Approval For Its Bakeoven Renovation In PPGI Production Line
Friday October 17, 7:30 am ET

DONGBANG TOWN, China, Oct. 17 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced that it has received patent approval for bakeoven renovation in PPGI production line from the State Intellectual Property Office of China.

The patent technology is expected to save energy, increase production capacity, and improve product surface quality. Xun Zhang, the CTO of Sutor, estimates that due to technical renovation of bakeoven, cost from energy consumption may be cut by approximate USD750,000 per year, the Company's PPGI production capacity can be increased by 30,000 Metric Tons per year to 150,000 Metric Tons, and the surface quality of finished products can be improved.

The Company has always been putting emphasis on R&D since its inception. The Company now has five patents approved by the State Intellectual Property Office of China, and two patents applications are pending.