China Ritar - Lead-Acid-Batterien - 500 Beiträge pro Seite

[R-BgO]

01.04.2010 14:33
China Ritar Power Announces Fourth Quarter and Fiscal Year 2009 Results

SHENZHEN, China, April 1 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corp. ('China Ritar' or the 'Company'), a leading Chinese manufacturer of lead acid batteries, today reported financial results for the fourth quarter and year ended December 31, 2009.

Fourth Quarter 2009 Highlights -- Revenue was $25.9 million -- Gross profit grew 8.6% year-over-year to $5.2 million -- Net income was $3.1 million for fully diluted earnings per share of $0.15 -- On October 15, 2009, China Ritar sold all of its ownership in Shanghai Ritar Full Year Highlights -- Revenue was $98.6 million -- Net income was $8.7 million for fully diluted earnings per share of $0.43 -- Domestic sales increased to 34% of total revenues -- Batteries for renewable energy storage increased to 25% of total sales, compared to 15% in fiscal year 2008

"Demand in both domestic and international markets for our lead acid batteries remains healthy," Mr. Jiada Hu, China Ritar's Chairman and Chief Executive Director commented. "Our sales to alternative energy markets continue to grow as the Chinese government increases its investment in clean fuel. For the full year 2009, the dollar amount of sales for our renewable energy storage batteries increased 35%; representing 25% of total sales for the year."

Revenue in the fourth quarter of 2009 was $25.9 million, unchanged from revenue of $25.9 million in the fourth quarter of 2008. Batteries used for telecom, uninterruptable power supply (UPS), renewable energy storage and light electronic vehicles (LEV) accounted for 30%, 35%, 25% and 10% of total sales of the fourth quarter of 2009, respectively.

Gross profit for the quarter increased 8.6% to $5.2 million from $4.8 million in the same period of 2008. Gross margin for fourth quarter of 2009 was 20.1% compared to 18.5% in the fourth quarter of 2008. The increase in gross margin was mainly due to the stabilization in lead prices during the fourth quarter of fiscal 2009.

Operating expenses were $1.9 million compared to $3.3 million in the fourth quarter of 2008. Adjusting for $0.96 million in non-cash, stock-based compensation recognized under salaries in the fourth quarter of 2008, non-GAAP operating expenses were $2.3 million. The non-cash, stock-based compensation relates to the release of shares of the Company's common stock to the Company's CEO from escrow pursuant to a make good agreement to meet the net income target for 2008 of $8.2 million entered into by the Company in connection with its private placement financing in February 2007.

Operating income for the fourth quarter was $3.3 million, up 112.6% from $1.5 million in the fourth quarter of 2008. Adjusting for the previously mentioned non-cash, stock-based compensation, non-GAAP operating income increased 30.7% from $2.5 million in the fourth quarter of 2008.

Net income to shareholders was $3.1 million in the fourth quarter of 2009 for fully diluted earnings per share of $0.15 compared to $0.5 million in net income and fully diluted earnings per share of $0.02 in the fourth quarter of 2008. Excluding the non-cash, stock-based compensation, non-GAAP net income for the fourth quarter of 2008 was $1.4 million. Non-GAAP fully diluted earnings per share for the fourth quarter of 2008 were $0.07.

Full Year 2009 Financial Results

Revenue for the full year 2009 decreased 12.2% to $98.6 million, compared to $112.3 million in 2008. The decrease in revenue is mainly attributable to a 12% decline in the Company's average selling price as a result of the decline in the average price of lead from RMB 16,000 in 2008 to 13,500 in 2009. Batteries used for telecom, uninterruptable power supply (UPS), renewable energy storage and light electronic vehicles (LEV) accounted for 30%, 35%, 25% and 10% of total sales of the full year 2009, respectively. Gross profit was $19.0 million, down 15.0% from $22.3 million for the full year 2008. Gross margin was 19.2% in 2009 compared to 19.9% in 2008. Operating income for the year was $10.6 million, up 15.9% from operating income of $9.1 million in the full year 2008. Adjusting for the full year non-cash, stock-based compensation of $3.85 million in 2008, non-GAAP operating income for the year was $13.0 million. Net income to shareholders increased 68.3% to $8.7 million from $5.2 million in 2008. Fiscal 2008 non-GAAP net income was $9.0 million. Fully diluted earnings per share for 2009 were $0.43 compared to $0.27 for the full year 2008. Non-GAAP fully diluted earnings per share for 2008 were $0.47.

Financial Condition

As of December 31, 2009, China Ritar had $26.4 million in cash and equivalents and restricted cash, $41.2 million in working capital and $43.1 million in total liabilities. Net cash provided by operating activities for the year was $8.3 million. Shareholders' equity stood at $55.4 million, up from $34.4 million at year-end 2008.

Business Outlook

The construction on China Ritar Power's new industrial park is expected to be completed by the end of April, at which time China Ritar will begin installing equipment. The Company is adding an additional 10 production lines, which are expected to begin test run by July 2010. Total number of production lines will increase from 19 to 29. China Ritar expects capital expenditures to be about $6-8 million for the purchase and instillation of the new equipment.

"We are looking forward to the expanding market opportunities in 2010 as the global economies continue to rebound," Mr. Hu commented. "Our position as a leading lead battery manufacture is supported by our high quality batteries with consistent performance at lower prices than our international competitors. Moreover, with the new capacity we have coming online in the second half of 2010, we are well positioned to ramp up our lead acid battery sales in line with new demand."

Conference Call

China Ritar will host a conference call at 9:00 am EDT on Thursday, April 1, 2010 to discuss the 2009 fourth quarter and year-end financial results. To participate in the conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 800-688-0796. International callers should dial 617-614-4070. The pass code for the call is 313 281 09. If you are unable to participate in the call at this time, a replay will be available on Thursday, April 1, 2010 at 11:00 AM EDT through Thursday, April 15, 2010. To access the replay, dial 888-286-8010, international callers should dial 617-801-6888. The conference pass code is 65975630. This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://ir.ritarpower.com/en/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

Use of Non-GAAP Financial Measures

To supplement China Ritar Power's condensed consolidated financial statements presented on a GAAP basis, China Ritar is providing certain income statement information that is not calculated according to GAAP. China Ritar believes that its non-GAAP disclosures are useful in evaluating its operating results as this information supplies the user with another view of the matching of costs and expenses. A reconciliation of the adjustments to GAAP results for the three and 12-month periods ended December 31, 2008 is included below. The non-GAAP information presented is supplemental and is not purported to be a substitute for information prepared in accordance with GAAP.

Non-GAAP financial results for the three and 12-month periods ended December 31, 2008 discussed in this release reflect operating results excluding the impact of the non-cash, stock-based compensation recognized under salaries in relation to the release of shares of the Company's common stock to the Company's CEO from escrow pursuant to a make good agreement to meet the net income target for 2008 of $8.2 million entered into by the Company in connection with its private placement financing in February 2007.

About China Ritar Corp.

China Ritar designs, develops, manufactures and markets environmentally friendly, lead acid batteries with a wide range of capacities and applications, including telecommunications, Uninterruptible power supply (UPS) devices, light electrical vehicles (LEV), and renewable energy systems (solar and wind power). China Ritar sells, markets and services six series and 197 models of Ritar-branded, cadmium-free valve-regulated lead-acid (VRLA) batteries. Products are sold worldwide with sales in 81 countries including China, India, and numerous markets in Europe and the Americas. Additional information can be found at the Company's website http://www.ritarpower.com/ .

[R-BgO]

27.04.2010 15:03
China Ritar Receives Guangdong Famous Trademark Certificate


SHENZHEN, China, April 27 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corp. ("China Ritar" or the "Company"), a leading Chinese manufacturer of innovative nano gel and environmentally friendly batteries, today announced that the Company has been honored with the Guangdong Famous Trademark Certificate by the Guangdong Provincial Administration for Industry and Commerce.

"We are extremely proud to receive the Guangdong Famous Trademark Certificate which is a testament to our outstanding brand recognition, product quality and market position of our environmentally friendly batteries," commented Jiada Hu, Chairman and CEO of China Ritar Power Corporation. "The Guangdong Provincial Administration for Industry and Commerce awards the certification to companies based on their strong sales growth, industry position and ability to meet both Chinese and international manufacturing standards. The addition of this certification to our credentials enhances our position as a reputable global manufacturer with a high level of product quality and consistency."

[R-BgO]

17.05.2010 13:05
China Ritar Power Announces First Quarter Fiscal 2010 Results


SHENZHEN, China, May 17 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corp. ("China Ritar" or the "Company"), a leading Chinese manufacturer of innovative nano gel and environmentally friendly batteries, today announced its financial results for the first quarter of fiscal year 2010 ended on March 31, 2010.

First Quarter Highlights -- Revenue increased 51% year-over-year to $24.8 million -- Domestic sales increased to 26% of total revenue -- Gross profit increased 45% year-over-year to $4.8 million -- Net income increased 197% year-over-year to $1.6 million -- Fully diluted earnings per share were $0.07, up from $0.03 in first quarter 2009

"We are extremely pleased with our financial results for the quarter. Our strong growth is the result of continued demand for our lead acid batteries resulting in revenue from domestic and international markets increasing 72% and 45%, respectively," Mr. Jiada Hu, China Ritar's Chairman and Chief Executive Director commented. "Moreover, this quarter we were extremely honored to have our batteries selected to power the Brazilian Pavilion at the World Expo 2010 in Shanghai which enhances our strong market position and reputation for high quality batteries developed using advanced technology."

Revenue was $24.8 million for the first quarter of 2010, up 51.4% from revenue of $16.4 million in the first quarter of 2009. This increase in revenue was due to an increase in sales volume of 31.3% and a 15.3% increase in the Company's average selling price (ASP). Batteries used for Telecom, Alternative energy, UPS and Light electronic vehicles (LEV) markets accounted for 30%, 27%, 34% and 9% of total sales of the first quarter of 2010, respectively. International sales represented 74.3% of total sales with domestic sales representing the balance of 25.7%.

Gross profit for the quarter increased 44.9% to $4.8 million from $3.3 million in the same period of 2009. Gross margin for first quarter of 2010 was 19.2% compared to 20.1% in the first quarter of 2009.

Operating expenses were $2.5 million or 10.2% of sales, compared to $2.3 million or 14.3% of sales in the first quarter of 2009. The increase in operating expenses is mainly due to an increase in the dollar amount of $0.24 million for other selling, general and administrative expenses due to the Company's expanded production and sales volume during the first quarter.

Operating profit for the first quarter was $2.2 million, up 136.3% from $0.9 million in the first quarter of 2009. Operating margin was 9.0% compared to 5.8% in the same period a year ago.

Net income was $1.6 million in the first quarter of 2010, up 196.7% from $0.5 million in net income from the same period a year ago. Fully diluted earnings per share were $0.07 compared to fully diluted earnings per share of $0.03 in the first quarter of 2009.

Financial Condition

As of March 31, 2010, China Ritar had $20.9 million in cash and equivalents and restricted cash, $42.7 million in working capital and $38.8 million in total liabilities. Shareholders' equity stood at $57.3 million, up from $55.4 million at year end 2009.

Business Outlook

China Ritar Power has been granted a new industrial park by the Hengyang government. The industrial park will be completed during the second quarter of 2010 and the Company expects to begin installing equipment for 10 production lines in the second half of the year. Once completed, the total number of production lines will increase from 19 to 29.

"We are upbeat on the outlook for 2010 as opportunities in our target niche markets remain robust. Specifically, the telecom industry is expected to spend approximately $10-12 million as they build out the 3G network in China," commented Mr. Hu. "Over the past year, we have been working closely with the top three telecom providers in China and have been approved as a qualified supplier for China Unicom and China Mobile and expect to be approved by China Telecom this year."

Conference Call

China Ritar will host a conference call at 9:00 am EDT on Tuesday, May 18, 2010 to discuss the 2010 first quarter results. To participate in the conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-339-2688. International callers should dial 617-847-3007. The pass code for the call is 83490716. If you are unable to participate in the call at this time, a replay will be available on Tuesday, May 18, 2010 at 11:00 AM ET through Tuesday June 1, 2010. To access the replay, dial 888-286-8010, international callers should dial 617-801-6888. The conference pass code is 79945385. This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://ir.ritarpower.com/en . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

[R-BgO]

19.07.2010 14:05
China Ritar Power Corp. Announce to Engage With Crowe Horwath (HK) CPA Limited


SHENZHEN, China, July 19 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corporation announced that it has dismissed AGCA Inc. ("AGCA"), the Company's independent registered public accounting firm. AGCA reported on the Company's consolidated financial statements for the years ended December 31, 2009 and 2008 and reviewed the Company's consolidated financial statements for the period ended March 31, 2010. For these periods and up to July 9, 2010, there were no disagreements with AGCA on any matter of accounting principle or practices, financial statement disclosure, or auditing scope or procedure.

The Company has engaged Crowe Horwath (HK) CPA Limited ("CHHK") to assume the role of its new independent registered public accounting firm.

"In connection with our growth strategy and expansion plans going forward, we determined that it was important to engage an accounting firm with strong reputation and respect among our investors," commented Mr. Hu Jiada, CEO of CRTP. "We believe CHHK, which is a member firm of Crowe Horwath International, the 9th largest international accounting network in the world, is the best fit for the Company as it enters a new phase of growth and development. We are very excited of working closely with the high-quality team of CHHK in the future."

[R-BgO]

SHENZHEN, China, Oct. 11 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corporation , a leading supplier of innovative nano gel battery products and solutions, today announced that the company was awarded a new contract to supply VRLA batteries to American Power Conversion Corporation (APC), a global leader in the UPS (Uninterruptible Power Supply) markets.

As per supply agreement, China Ritar Power will supply VRLA batteries to be used in APC's UPS products. The management expects to receive more orders from APC in the future as the strategic relationship between the 2 companies develops.

"We are very pleased to become a supplier to APC, a world leader in UPS sector," commented Mr. Hu Jiada, CEO of CRTP. "As the infrastructure investment grows globally, the demand for high-quality, reliable and cost-competitive power supplies will increase substantially. The strategic relationship with APC is a demonstration of China Ritar Power's product, reliability and our manufacturing capability. We look forward to building a long-term, mutually beneficial relationship with all of our clients."

[R-BgO]

Hat der so viel Einfluss?: http://seekingalpha.com/article/229774-china-ritar-power-tre…


Oder gibt es einen anderen Grund?

[CowNChicken]

Antwort auf Beitrag Nr.: 40.315.437 von R-BgO am 13.10.10 18:57:14

Hey,

sag mal, was hälst du von dem Unternehmen?
Ich bin drauf und dran, ein paar Stücke zu kaufen!

LG,
Cow

[R-BgO]

Antwort auf Beitrag Nr.: 40.335.055 von CowNChicken am 16.10.10 13:48:06

Ich habe seit Threaderöffnung 100 Stücke. Interessiere mich breit für das Thema "Batterie".

Wert sieht gut aus, aber habe mich nicht gründlich genug damit beschäftigt, um wirklich eine Meinung zu haben.

Hatte allerdings bei dem Kursdip vor ein paar Wochen kurzzeitig ein Kribbeln in den fingern aufzustocken; jetzt bin ich erstmal wieder an der Seitenlinie.

[hasi22]

Test, damit der Thread nicht stillgelegt wird !

[Plotin]

was ist denn hier los????

[cmeise]

Wie zukunftsträchtig sind denn eigentlich diese Bleiakkus? Die Technologie geht doch in eine andere Richtung!?

[R-BgO]

bei den Chinesen qualmt's im Moment so richtig:

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25
NOTIFICATION OF LATE FILING


SEC FILE NUMBER:
001-34425
CUSIP NUMBER:
169423 10 0


(Check One):
x
Form 10-K
o
Form 20-F
o
Form 11-K
o
Form 10-Q
o
Form N-SAR
o
Form N-CSR

For Period Ended: December 31, 2010



o
Transition Report on Form 10-K

o
Transition Report on Form 20-F

o
Transition Report on Form 11-K

o
Transition Report on Form 10-Q

o
Transition Report on Form N-SAR

For the Transition Period Ended:


Nothing in this form shall be construed to imply that the Commission has verified any
information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:


PART I -- REGISTRANT INFORMATION

China Ritar Power Corp.
Full Name of Registrant


Former Name if Applicable

Room 405, Tower C, Huahan Building, 16 Langshan Road, North High-Tech Industrial Park
Address of Principal Executive Office (Street and Number)

Nanshan District, Shenzhen, China 518057
City, State and Zip Code


PART II – RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)


(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

x
(b)
The subject annual report, semi-annual report, transition report on Form 10-Q, Form 10-K, Form 20-F,11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and


(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.





PART III – NARRATIVE

State below in reasonable detail the reasons why Forms 10-Q, 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof, could not be filed within the prescribed time period.

Certain financial and other information necessary for an accurate and full completion of the Form 10-K could not be provided within the prescribed time period without unreasonable effort or expense.
(Attach Extra Sheets if Needed)


PART IV – OTHER INFORMATION


(1)
Name and telephone number of person to contact in regard to this notification


Jiada Hu

86

755-83475380
(Name)

(Area Code)

(Telephone Number)


(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).


Yes
x

No
o


(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?


Yes
o

No
x

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.


China Ritar Power Corp.
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.


Date: March 29, 2011

[CowNChicken]

Hallo,

kommt jemand an aktuelle Geschäftsberichte der Firma ran?
Würde gern einmal den intrinsischen Wert der Firma bestimmen.

Danke!
Cow

[R-BgO]

Antwort auf Beitrag Nr.: 41.315.840 von CowNChicken am 04.04.11 18:36:28

http://www.sec.gov/cgi-bin/browse-edgar?company=china+ritar&…

[CowNChicken]

Danke R-BgO!
Dann dürfte der Batteriehersteller China Ritar (WKN: A0X9Q3) derzeit auch unter Nettoumlaufvermögen gehandelt werden:
(Habe nun die Zahlen vom Q3 2010 zur Verfügung)

86 Mio Dollar total current asset -
42 Mio Dollar current liabilities =
44 Mio Dollar net current asset /
22 Mio shares =
2,00 net current asset per share

Aktueller Kurs: 1,67 USD (Stand schon auf 1,50)
Aktuelles KGV: <4 (da bin ich mir nicht sicher!)

Grüße,
Cow

[R-BgO]

Antwort auf Beitrag Nr.: 41.318.007 von CowNChicken am 05.04.11 08:23:34

Für wie groß hältst Du das Risiko von Bilanzfälschung?

Die letzten Wochen poppen Probleme hoch wie eine Seuche:

CCME, HEAT, ShengDa, RINO, ABAT, CMFO, CSST, ...

Ein weiser Mann hat mal gesagt:

Was zu gut aussieht, um wahr zu sein, ist meistens auch nicht wahr...

[CowNChicken]

Schwer zu sagen.. ich glaube, du kennst den Wert besser als ich.
Ich kenne den Spruch anders: Eine Sache, die schlecht aussieht, wird höchstwahrscheinlich auch schlecht bleiben.
Aber wenn man sich an der Börse irgendeinen Vorteil verschaffen möchte, dann muss man zwangsläufig Strategien fahren, die von der Masse nicht anerkannt sind und dazu gehören Werte, die aus nichtigen Gründen vom Markt verschmäht werden, trotzdem einen Gewinn über die letzten 5 Jahre aufweisen und unter Nettoumlaufvermögen notieren.
Wenn das für China Ritar zutrifft, dann würde ich sie kaufen!

[CowNChicken]

Was ist den mit China Ritar passiert? Sind die wegen der Verzögerung in Sachen Berichtswesen von der Börse genommen worden?

[CowNChicken]

http://seekingalpha.com/article/268599-why-lithium-ion-batte…

[R-BgO]

Antwort auf Beitrag Nr.: 41.475.404 von CowNChicken am 09.05.11 21:33:02

Haben sich von selbst abgemeldet:

Shenzhen, China, June 23, 2011

China Ritar Power Corp. (the “Company”), today announced its intent to voluntarily delist the Company’s common stock from the NasdaqGlobal Stock Market (“Nasdaq”). The Board determined that maintaining the listing has imposed difficult burdens and high costs on the Company. The Company has immediately proceeded with delisting by providing a written notice to Nasdaq on June 23, 2011 of its intention to delist and will file a Form 25 with the Securities Exchange Commission on or around July 5, 2011. The Company expects the delisting from Nasdaq to become effective July 15, 2011, ten days after filing its Form 25.

Upon delisting from the Nasdaq, the Company expects that trading of the Company’s common shares by shareholders may be effected through quotations on the Pink OTC Market (a centralized quotation service that collects and publishes market maker quotes for securities). This will require at least one market maker to quote the Company’s common shares on the Pink OTC Market after the market maker complies with Pink OTC Market rules. There is no assurance that a market maker will comply with those rules. The Company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.

The Company has previously reported its receipt of notices from Nasdaq indicating that the Company is not in compliance with Nasdaq listing requirements contained in Marketplace Rule 5250(c)(1), which requires timely filing of SEC periodic reports due to the failure to timely file its annual report on Form 10-K for the fiscal year ended December 31, 2010 and its quarterly report on Form 10-Q for the three months ending March 31, 2011.

[R-BgO]

Ich finde absolut NIX mehr über die Bude, aber handeln kann man sie...

[R-BgO]

Antwort auf Beitrag Nr.: 42.297.003 von R-BgO am 03.11.11 15:00:07

verkauft; over and out