CHINA WATER neuer Highflyer der Wasserwerte Verfielfachung möglich - 500 Beiträge pro Seite
eröffnet am 29.01.07 20:47:35 von
neuester Beitrag 22.10.07 21:16:44 von
neuester Beitrag 22.10.07 21:16:44 von
Beiträge: 36
ID: 1.108.124
ID: 1.108.124
Aufrufe heute: 0
Gesamt: 8.118
Gesamt: 8.118
Aktive User: 0
Top-Diskussionen
Titel | letzter Beitrag | Aufrufe |
---|---|---|
vor 17 Minuten | 8398 | |
heute 17:20 | 7028 | |
vor 21 Minuten | 5318 | |
vor 16 Minuten | 3013 | |
vor 1 Stunde | 2945 | |
heute 09:20 | 2585 | |
vor 15 Minuten | 2067 | |
vor 1 Stunde | 1715 |
Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
---|---|---|---|---|---|---|---|
1. | 1. | 17.921,82 | +0,12 | 229 | |||
2. | 3. | 8,7000 | +4,95 | 74 | |||
3. | 4. | 3,8950 | +5,27 | 73 | |||
4. | 2. | 179,87 | -0,07 | 72 | |||
5. | 14. | 0,0164 | +0,61 | 68 | |||
6. | 11. | 2.307,97 | +0,97 | 48 | |||
7. | 9. | 1,1800 | +22,28 | 43 | |||
8. | 6. | 6,6220 | -0,87 | 40 |
China Water bisher zurückgeblieben hinter Asia Water, Hydroflo, Greenshift. Wann bricht CHINA WATER CHWG aus?
Fundamental Data
01/29/2007 02:40 PM
Last:
0.1050
Change:
Percent Change:
%
High:
0.105
Low:
0.105
Volume:
146,000
Price Data Table
Open:
0.105
Previous Close:
0.105
Exchange of Last Sale:
OTCBB
Time of Last Sale:
14:35:22
Tick:
Unchanged
Bid:
0.103
Ask:
0.105
Size Bid/Ask:
50x50
Symbol Type:
Equity
Fundamental Data Table
52 Week High:
0.43
52 Week Low:
0.10
EPS:
0.02
P/E Ratio:
6.00
Shares Outstanding:
155,000,000
Market Cap:
16,308,000
Beta:
0.000
Dividend Frequency:
Ex-Dividend Date:
Dividend Amount:
Yield:
0.00
Primary Exchange:
OTCBB
Historic Chart Data
Last:
0.1050
Points Change:
Percent Change:
%
High:
0.105
Low:
0.105
Volume:
146,000
Fundamental Data
01/29/2007 02:40 PM
Last:
0.1050
Change:
Percent Change:
%
High:
0.105
Low:
0.105
Volume:
146,000
Price Data Table
Open:
0.105
Previous Close:
0.105
Exchange of Last Sale:
OTCBB
Time of Last Sale:
14:35:22
Tick:
Unchanged
Bid:
0.103
Ask:
0.105
Size Bid/Ask:
50x50
Symbol Type:
Equity
Fundamental Data Table
52 Week High:
0.43
52 Week Low:
0.10
EPS:
0.02
P/E Ratio:
6.00
Shares Outstanding:
155,000,000
Market Cap:
16,308,000
Beta:
0.000
Dividend Frequency:
Ex-Dividend Date:
Dividend Amount:
Yield:
0.00
Primary Exchange:
OTCBB
Historic Chart Data
Last:
0.1050
Points Change:
Percent Change:
%
High:
0.105
Low:
0.105
Volume:
146,000
Antwort auf Beitrag Nr.: 27.281.598 von boersenphilo2 am 29.01.07 20:47:35Income Statement Get Income Statement for:
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 30-Sep-06 30-Jun-06 31-Mar-06 31-Dec-05
Total Revenue 992 2,158 1,054 1,519
Cost of Revenue 643 1,289 581 1,009
Gross Profit 348 868 473 510
Operating Expenses
Research Development - - - -
Selling General and Administrative 184 143 114 289
Non Recurring - - - -
Others - - - -
Total Operating Expenses - - - -
Operating Income or Loss 165 726 359 221
Income from Continuing Operations
Total Other Income/Expenses Net 3,242 2,487 (4,599) 2,139
Earnings Before Interest And Taxes 3,406 3,213 (4,239) 2,359
Interest Expense 0 1 0 6
Income Before Tax 3,406 3,212 (4,240) 2,353
Income Tax Expense 66 253 117 790
Minority Interest (31) (62) (36) (63)
Net Income From Continuing Ops 3,309 2,896 (4,393) 1,501
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 3,309 2,896 (4,393) 1,501
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares $3,309 $2,896 ($4,393) $1,501
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 30-Sep-06 30-Jun-06 31-Mar-06 31-Dec-05
Total Revenue 992 2,158 1,054 1,519
Cost of Revenue 643 1,289 581 1,009
Gross Profit 348 868 473 510
Operating Expenses
Research Development - - - -
Selling General and Administrative 184 143 114 289
Non Recurring - - - -
Others - - - -
Total Operating Expenses - - - -
Operating Income or Loss 165 726 359 221
Income from Continuing Operations
Total Other Income/Expenses Net 3,242 2,487 (4,599) 2,139
Earnings Before Interest And Taxes 3,406 3,213 (4,239) 2,359
Interest Expense 0 1 0 6
Income Before Tax 3,406 3,212 (4,240) 2,353
Income Tax Expense 66 253 117 790
Minority Interest (31) (62) (36) (63)
Net Income From Continuing Ops 3,309 2,896 (4,393) 1,501
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 3,309 2,896 (4,393) 1,501
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares $3,309 $2,896 ($4,393) $1,501
Form 10QSB for CHINA WATER GROUP, INC.
17-Nov-2006
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
FORWARD-LOOKING INFORMATION
Much of the discussion in this Item is "forward looking" as that term is used in
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Actual operations and results may materially differ from present plans and projections due to changes in economic conditions, new business opportunities, changes in business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the SEC.
The following are factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders; and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow.
Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of our public disclosure practices.
Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10-QSB.
RESULTS OF OPERATIONS
Total revenue. We reported total revenue of $991,766 for the three months ended September 30, 2006 as compared to $1,464,203 for the three months ended September 30, 2005; the total revenue for the nine months ended September 30, 2006 and 2005 was $4,203,607 and $5,465,157, respectively. Total revenue for the nine months ended September 30, 2006 consisted of $3,467,838 from turn-key engineering projects and $735,769 from BOT wastewater treatment services. Total revenue for the nine months ended September 30, 2005 consisted of $3,863,237 from turn-key engineering projects, $207,717 from BOT wastewater treatment services, and $1,394,203 from the sale of environment protection-related products and provision of technical services. Revenue from turn-key engineering projects for the nine months ended September 30, 2006 included revenue recognized for China Environment Industrial Park Wastewater Treatment Plant (approximately $2.26 million) and Yongji Development Zone Wastewater Treatment Plant (Phase 2) (approximately $1.00 million). Revenue from BOT wastewater treatment services for the nine months ended September 30, 2006 primarily consisted of revenue from the HY BOT project and the TJSH BOT project.
Table of Contents
Cost of revenue. Our total cost of revenue, exclusive of depreciation, amortization and sales taxes, increased from $91,113 for the three months ended September 30, 2005 to $599,294 for the three months ended September 30, 2006. This was primarily due to a provision of inventories made in 2004 which resulted in a lower cost of revenue for the sale of environment protection-related products for the three months ended September 30, 2005.
Total cost of revenue, exclusive of depreciation, amortization and sales taxes, for the nine months ended September 30, 2006 and 2005 was $2,298,510 and $2,615,352, respectively. Cost of revenue for the nine months ended September 30, 2005 consisted of $2,450,249 for turn-key engineering projects, $112,193 for BOT wastewater treatment services, and $52,910 for the sale of environment protection-related products and provision of technical services. Cost of revenue for the nine months ended September 30, 2006 consisted of $1,891,370 for turn-key engineering projects, and $407,140 for BOT wastewater treatment services.
Gross profit. Gross profit, as a percentage of total revenue for the three months ended September 30, 2006 and 2005, was approximately 35%, or $348,412, and approximately 94%, or $1,373,090, respectively. Gross profit as a percentage of total revenue for the nine months ended September 30, 2006 and 2005 was approximately 40%, or $1,689,525, and approximately 50%, or $2,717,036, respectively.
Gross margin, exclusive of depreciation, amortization and sales taxes, for turn-key engineering projects for the nine months ended September 30, 2006 and 2005 was approximately 45%, or $1,576,468, and approximately 37%, or $1,412,988, respectively. This increase in the gross margin was primarily due to improved negotiation skills resulting in better pricing and better cost control.
Gross margin, exclusive of depreciation, amortization and sales taxes, for BOT wastewater treatment services for the nine months ended September 30, 2006 and 2005 was approximately 45%, or $328,629, and approximately 46%, or $95,524, respectively. The slightly lower gross margin, exclusive of depreciation and amortization and sales taxes, for BOT wastewater treatment services for the nine months ended September 30, 2006 was primarily due to lower repair and maintenance costs incurred for that period.
General and administrative expenses. Our total general and administrative expenses for the three months ended September 30, 2006 and 2005 were $183,799 and $191,995 respectively. Such expenses for the nine months ended September 30, 2006 and 2005 were $439,941 and $530,819, respectively. The principal components of general and administrative expenses were administrative salaries and benefits, depreciation and amortization, traveling expenses, rental expenses and other general administration costs. The decrease in general and administrative expenses for the nine months ended September 30, 2006 as compared to the nine months ended September 30, 2005 was primarily due to the legal and financing expenses incurred in relation to the April 2005 and September 2005 private placements.
Penalty for late effectiveness of registration statement. This amount represents the liquidated damages payment obligation we accrued in connection with the September Private Placement by missing the deadline we agreed to for effectiveness of the registration statement we filed in connection with that financing. Under the subscription agreement for the September Private Placement, we
Table of Contents
agreed to prepare and file with the SEC (and did so file), at our own expense, a registration statement covering the registrable securities related to that placement. We agreed that in the event that the registration statement is not declared effective by the SEC within the earlier of 120 days from the final closing, we would pay to the investors in the September Private Placement liquidated damages in the amount of 2.0% of the purchase price of the registrable securities for each month until the registration statement is declared effective. These liquidated damages began accruing on January 12, 2006. We agreed that if we do not remit payment of these liquidated damages, we will pay the investors in the September Private Placement interest at the rate of 12% per year until the liquidated damages are paid in full. The subscription agreement provides that if a registration statement is not effective at any time after one year following the issuance date of the September Warrants, these liquidated damages obligations will stop accruing. As of September 14, 2006 the liquidated damages obligations stopped accruing. As of September 30, 2006, we had made an accrual of $828,027 for such liquidated damages.
Under paragraphs 12-32 of EITF 00-19, contracts that include any provision that could require net-cash settlements cannot be accounted for as equity. Accordingly, the proceeds of the September Private Placement allocated for par value of the common stock and the September Warrants have been recorded as a liability on the balance sheet. Upon the effectiveness of the registration statement, the amount will be recorded as equity.
Non-cash financing charges. There were no non-cash financing charges for the three months and nine months ended September 30, 2006. For the nine months ended September 30, 2005, the non-cash financing charges were approximately $8 million, representing discounts on the financial instruments issued.
Unrealized loss on financial instruments. Unrealized gains or losses on financial instruments represent the change in the fair market value of the financial instruments at each reporting date. The unrealized gain on financial instruments was approximately $1.74 million for the nine months ended September 30, 2006. The unrealized gain on financial instruments for the three months ended September 30, 2006 was approximately $3.48 million. The unrealized gains on financial instruments for the three months ended September 30, 2005 was $3.23 million and for the nine months ended September 30, 2005 was $3.79 million.
Share of results in an associate-XL. CWG holds a 35% interest in the net profits in XL. Our share of results in XL for the three months ended September 30, 2006 and 2005 was $58,459 and $57,079, respectively. Our share of results in XL for the nine months ended September 30, 2006 and 2005 was $172,375 and $144,561, respectively. The increase in our share of net profits in 2006 was as a result of increase in net profit of XL.
Net (loss)/income. We had a net income, after income tax and minority interests, of $3,309,226 for the three months ended September 30, 2006, and a net loss, after income tax and minority interests, of $2,781,274 for the three months ended September 30, 2005.
Table of Contents
We had a net income, after income tax and minority interests, of $1,812,803 for the nine months ended September 30, 2006 and a net loss, after income tax and minority interests, of $2,261,089 for the nine months ended September 30, 2005.
LIQUIDITY AND CAPITAL RESOURCES
Our principal sources of liquidity are our cash and cash flow generated from operations and financing activities. Net cash provided by operating activities during the nine months ended September 30, 2006 was $2,800,406, while net cash used in operating activities during the nine months ended September 30, 2005 was $208,847. Net cash provided by operating activities in the nine months ended September 30, 2006 consisted of net income of $1,812,803, less an adjustment for non-cash items of $1,766,028, plus changes in operating assets and liabilities of $2,753,631. Cash flow from operating activities consisted mainly of an increase in accounts receivable of $1,828,142, a decrease in prepayments, deposits and other receivables of $2,210,300, an increase in accounts payable of $881,171, an increase in accruals and other liabilities of $869,459, an increase in amounts due from related companies of $130,860, and an increase in taxes payable of $702,164. The net cash used in investing activities during the nine months ended September 30, 2006 was $358,787, of which $347,176 was used for the acquisition of infrastructure assets, and $11,611 of which was used in acquisition of property, plant and equipment. The $88,510 in net cash used in financing activities during the nine months ended September 30, 2006 was for the repayment of our borrowings. The net increase in cash and cash equivalents for the nine months ended September 30, 2006 was $2,349,678, resulting in a total of $2,524,902 in cash and cash equivalents as of September 30, 2006.
In April 2005, we conducted the private placement sale of 20 units, at $25,000 per unit, resulting in gross proceeds of $500,000. Each unit consisted of
(a) one 12% convertible debenture in the original principal amount of $25,000, convertible into shares of our common stock at the rate of the lesser of
(i) $0.20 per share or (ii) a 10% discount to the price per share of common stock (or conversion price per share of common stock) of the next private placement conducted by us prior to any conversion of the debenture, and
(b) 125,000 detachable warrants to purchase one share each of our common stock at an exercise price of $0.20 per share, expiring ten years from their date of issuance. The exercise price of these warrants was adjusted to $0.15 per share on September 14, 2005 in connection with the September Private Placement. The debentures were originally due and payable August 1, 2005. The debenture holders, however, extended the payment period to September 30, 2005. All of the debenture holders converted their debentures into an aggregate of 3,703,701 shares of our common stock on October 1, 2005.
On September 14, 2005, we closed a private placement sale to accredited investors of units consisting of shares of our common stock and warrants to purchase shares of our common stock for aggregate gross proceeds of $4.83 million. Pursuant to the subscription agreements entered into with the investors, we issued to such investors 161 units at a price of $30,000 per unit. Each unit consisted of 200,000 shares of our common stock, priced at $0.15 per share, as well as warrants to purchase 200,000 shares of our common stock over a five-year period at an exercise price of $0.20 per share. Pursuant to the terms of the subscription agreements, we granted the investors limited registration rights for all common shares comprising the units, including the common shares issuable upon the exercise of the warrants.
Table of Contents
We are exploring our options for raising capital from outside investors, including bank or mezzanine lenders, to fund expansion of our business. As of the date of this report, other than as disclosed, we have not entered into any negotiations with any third parties to provide such capital. We anticipate that our current financing strategy of private debt and equity offerings will meet our anticipated objectives and business operations for the next 12 months. We continue to evaluate opportunities for corporate development. Subject to our ability to obtain adequate financing at the applicable time, we may enter into definitive agreements for one or more of those opportunities.
APPLICATION OF CRITICAL ACCOUNTING POLICIES
Our financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies include revenue recognition, impairment of assets and accounting for allowance of accounts receivable.
Revenue recognition. We recognize revenue using various revenue recognition policies based on the nature of the sale and the terms of the contract.
Revenues from turn-key engineering projects are recognized on the percentage-of-completion method for individual contracts. We follow the guidance of the American Institute of Certified Public Accountants ("AICPA") Statement of Position ("SOP") 81-1, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, for our accounting policy relating to the use of the percentage-of-completion method, estimated costs and claim recognition for construction contracts. Revenues are recognized in the ratio that costs incurred bear to total estimated contract costs to the extent we believe related collection is probable. The use of the percentage-of-completion method of revenue recognition requires estimates of percentage of project completion. Changes in job performance, estimated profitability and final contract settlements may result in revisions to costs and income in the period in which the revisions are determined. Provisions for any estimated losses on uncompleted contracts are made in the period in which such losses are determinable. In instances when the work performed on fixed price agreements is of a relatively short duration, we use the completed contract method of accounting whereby revenue is recognized when the work is completed. From 5% to 10% of the total contract value will be treated as retention monies withheld to ensure performance of the contract during the warranty period of up to 12 months, as stipulated in both long term and short term fixed price contracts.
Revenues arising from wastewater treatment are recognized based on wastewater treated as recorded daily by meters read at rates, in RMB/ton, as prescribed under the BOT agreements in accordance with SAB Topic 13, Revenue Recognition. We meet the following four criteria for revenue recognition outlined in SAB Topic 13:
1. There is sufficient evidence to support that sales arrangements exist;
Table of Contents
2. The price to the buyer is fixed through signed contracts;
3. Meter readings illustrate that delivery of treated wastewater has occurred; and
4. Collectibility is reasonably assured through one or more of the following:
due diligence prior to contract signing; historical payment practices; or required upfront payments.
Revenues from the sale of environment protection-related products and provision of technical services are recognized when goods are delivered or when services are performed. The contractual terms of the purchase agreements or consultancy agreements dictate the recognition of revenues by us. We recognize revenue in accordance with SAB No. 104. Accordingly, four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists;
(2) delivery has occurred; (3) the selling price is fixed and determinable; and
(4) collectibility is reasonably assured. Determination of criteria (3) and
(4) are based on management's judgments regarding the fixed nature of the selling prices of the products or services delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. We defer any revenue for which the product has not been delivered or is subject to refund until such time that we and our customer jointly determine that the product has been delivered or no refund will be required.
Impairment of assets. Our policy is to periodically review and evaluate whether there has been a permanent impairment in the value of long-lived assets. Factors considered in this evaluation include current operating results, trends and anticipated undiscounted estimated future cash flows that are expected to result from the use of the asset, or other measure of fair value, and whether such factors reflect that the value of the asset has been impaired.
Allowances for accounts receivable. Our provisioning policy for bad and doubtful debt is based on the evaluation of collectibility and aging analysis of accounts receivable and on management's judgment. We do no require collateral or other security to support client receivables. We conduct periodic reviews of our clients' financial condition and customer payment practices to minimize collection risks on accounts receivable. This review is based on a considerable amount of judgment which is required in assessing the ultimate realization of these receivables, including the current creditworthiness and the past collection history of each customer. During the third quarter of 2006, we made no allowances for doubtful debts.
Financial instruments. The carrying amounts of all financial instruments approximate fair value. The carrying amounts of cash, accounts receivable, related party receivables, unsecured loans, accounts payable and related party payables approximate fair value due to the short-term nature of these items. The carrying amounts of borrowings approximate the fair value based on our expected borrowing rate for debt with similar remaining maturities and comparable risk.
Table of Contents
Income per share. Basic income per share is computed by dividing the net income for the year by the weighted average number of common shares outstanding during the year. Diluted income per share is computed by dividing the net income for the year by the weighted average number of common and common equivalent shares outstanding during the year. Common equivalent shares (which includes incremental common shares issuable upon the exercise of stock options, unvested restricted common stock and shares that may be issued on a contingent basis) are included in diluted income per share to the extent such shares are dilutive. In accordance with SFAS 128, Earnings Per Share, we use income from continuing operations, net of income taxes, as the "control number" in determining whether common equivalent shares are dilutive or anti-dilutive in periods where discontinued operations are reported.
New accounting pronouncements
In May 2006, the SEC announced that the compliance date for non-accelerated filers pursuant to Section 404 of the Sarbanes-Oxley Act had been extended. Under the latest extension, a company that is not required to file its annual and quarterly reports on an accelerated basis must begin to comply with the internal control over financial reporting requirements for its first fiscal year ending on or after July 15, 2008, which, for us, is effective for fiscal 2008 beginning January 1, 2008. This is a one-year extension from the previously established July 15, 2007 compliance date established in September 2005. The SEC similarly extended the compliance date for these companies relating to requirements regarding evaluation of internal control over financial reporting and management certification requirements. We are currently evaluating the impact of Section 404 of the Sarbanes-Oxley Act on our results of operations, cash flows or financial condition.
In July 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation ("FIN") No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109. This Interpretation provides guidance for recognizing and measuring uncertain tax positions, as defined in Statement of Financial Accounting Standards (SFAS) No. 109, Accounting for Income Taxes. FIN No. 48 prescribes a threshold condition that a tax position must meet for any of the benefit of an uncertain tax position to be recognized in the financial statements. Guidance is also provided regarding derecognition, classification and disclosure of uncertain tax positions. FIN No. 48 is effective for fiscal years beginning after December 15, 2006. The Company does not expect that this Interpretation will have a material impact on their financial position, results of operations or cash flows.
In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements ("FAS 157"). FAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements but does not require any new fair value measurements. FAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. The Company has not yet determined the impact of applying FAS 157.
Table of Contents
In September 2006, the FASB issued SFAS No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans ("FAS 158"). FAS 158 requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. FAS 158 is effective for financial statements as of December 31, 2006. The Company does not expect any material impact from applying FAS 158.
In September 2006, the SEC issued SAB 108, which provides interpretive guidance on how the effects of the carryover or reversal of prior year misstatements should be considered in quantifying a current year misstatement. SAB 108 is effective for the first interim period following the first fiscal year ending after November 15, 2006, which, for us, is effective for fiscal 2007 beginning January 1, 2007. We believe that the adoption of SAB 108 will not have a material impact on our results of operations, cash flows or financial condition.
Off-Balance Sheet Arrangements
17-Nov-2006
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
FORWARD-LOOKING INFORMATION
Much of the discussion in this Item is "forward looking" as that term is used in
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Actual operations and results may materially differ from present plans and projections due to changes in economic conditions, new business opportunities, changes in business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the SEC.
The following are factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders; and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow.
Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of our public disclosure practices.
Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10-QSB.
RESULTS OF OPERATIONS
Total revenue. We reported total revenue of $991,766 for the three months ended September 30, 2006 as compared to $1,464,203 for the three months ended September 30, 2005; the total revenue for the nine months ended September 30, 2006 and 2005 was $4,203,607 and $5,465,157, respectively. Total revenue for the nine months ended September 30, 2006 consisted of $3,467,838 from turn-key engineering projects and $735,769 from BOT wastewater treatment services. Total revenue for the nine months ended September 30, 2005 consisted of $3,863,237 from turn-key engineering projects, $207,717 from BOT wastewater treatment services, and $1,394,203 from the sale of environment protection-related products and provision of technical services. Revenue from turn-key engineering projects for the nine months ended September 30, 2006 included revenue recognized for China Environment Industrial Park Wastewater Treatment Plant (approximately $2.26 million) and Yongji Development Zone Wastewater Treatment Plant (Phase 2) (approximately $1.00 million). Revenue from BOT wastewater treatment services for the nine months ended September 30, 2006 primarily consisted of revenue from the HY BOT project and the TJSH BOT project.
Table of Contents
Cost of revenue. Our total cost of revenue, exclusive of depreciation, amortization and sales taxes, increased from $91,113 for the three months ended September 30, 2005 to $599,294 for the three months ended September 30, 2006. This was primarily due to a provision of inventories made in 2004 which resulted in a lower cost of revenue for the sale of environment protection-related products for the three months ended September 30, 2005.
Total cost of revenue, exclusive of depreciation, amortization and sales taxes, for the nine months ended September 30, 2006 and 2005 was $2,298,510 and $2,615,352, respectively. Cost of revenue for the nine months ended September 30, 2005 consisted of $2,450,249 for turn-key engineering projects, $112,193 for BOT wastewater treatment services, and $52,910 for the sale of environment protection-related products and provision of technical services. Cost of revenue for the nine months ended September 30, 2006 consisted of $1,891,370 for turn-key engineering projects, and $407,140 for BOT wastewater treatment services.
Gross profit. Gross profit, as a percentage of total revenue for the three months ended September 30, 2006 and 2005, was approximately 35%, or $348,412, and approximately 94%, or $1,373,090, respectively. Gross profit as a percentage of total revenue for the nine months ended September 30, 2006 and 2005 was approximately 40%, or $1,689,525, and approximately 50%, or $2,717,036, respectively.
Gross margin, exclusive of depreciation, amortization and sales taxes, for turn-key engineering projects for the nine months ended September 30, 2006 and 2005 was approximately 45%, or $1,576,468, and approximately 37%, or $1,412,988, respectively. This increase in the gross margin was primarily due to improved negotiation skills resulting in better pricing and better cost control.
Gross margin, exclusive of depreciation, amortization and sales taxes, for BOT wastewater treatment services for the nine months ended September 30, 2006 and 2005 was approximately 45%, or $328,629, and approximately 46%, or $95,524, respectively. The slightly lower gross margin, exclusive of depreciation and amortization and sales taxes, for BOT wastewater treatment services for the nine months ended September 30, 2006 was primarily due to lower repair and maintenance costs incurred for that period.
General and administrative expenses. Our total general and administrative expenses for the three months ended September 30, 2006 and 2005 were $183,799 and $191,995 respectively. Such expenses for the nine months ended September 30, 2006 and 2005 were $439,941 and $530,819, respectively. The principal components of general and administrative expenses were administrative salaries and benefits, depreciation and amortization, traveling expenses, rental expenses and other general administration costs. The decrease in general and administrative expenses for the nine months ended September 30, 2006 as compared to the nine months ended September 30, 2005 was primarily due to the legal and financing expenses incurred in relation to the April 2005 and September 2005 private placements.
Penalty for late effectiveness of registration statement. This amount represents the liquidated damages payment obligation we accrued in connection with the September Private Placement by missing the deadline we agreed to for effectiveness of the registration statement we filed in connection with that financing. Under the subscription agreement for the September Private Placement, we
Table of Contents
agreed to prepare and file with the SEC (and did so file), at our own expense, a registration statement covering the registrable securities related to that placement. We agreed that in the event that the registration statement is not declared effective by the SEC within the earlier of 120 days from the final closing, we would pay to the investors in the September Private Placement liquidated damages in the amount of 2.0% of the purchase price of the registrable securities for each month until the registration statement is declared effective. These liquidated damages began accruing on January 12, 2006. We agreed that if we do not remit payment of these liquidated damages, we will pay the investors in the September Private Placement interest at the rate of 12% per year until the liquidated damages are paid in full. The subscription agreement provides that if a registration statement is not effective at any time after one year following the issuance date of the September Warrants, these liquidated damages obligations will stop accruing. As of September 14, 2006 the liquidated damages obligations stopped accruing. As of September 30, 2006, we had made an accrual of $828,027 for such liquidated damages.
Under paragraphs 12-32 of EITF 00-19, contracts that include any provision that could require net-cash settlements cannot be accounted for as equity. Accordingly, the proceeds of the September Private Placement allocated for par value of the common stock and the September Warrants have been recorded as a liability on the balance sheet. Upon the effectiveness of the registration statement, the amount will be recorded as equity.
Non-cash financing charges. There were no non-cash financing charges for the three months and nine months ended September 30, 2006. For the nine months ended September 30, 2005, the non-cash financing charges were approximately $8 million, representing discounts on the financial instruments issued.
Unrealized loss on financial instruments. Unrealized gains or losses on financial instruments represent the change in the fair market value of the financial instruments at each reporting date. The unrealized gain on financial instruments was approximately $1.74 million for the nine months ended September 30, 2006. The unrealized gain on financial instruments for the three months ended September 30, 2006 was approximately $3.48 million. The unrealized gains on financial instruments for the three months ended September 30, 2005 was $3.23 million and for the nine months ended September 30, 2005 was $3.79 million.
Share of results in an associate-XL. CWG holds a 35% interest in the net profits in XL. Our share of results in XL for the three months ended September 30, 2006 and 2005 was $58,459 and $57,079, respectively. Our share of results in XL for the nine months ended September 30, 2006 and 2005 was $172,375 and $144,561, respectively. The increase in our share of net profits in 2006 was as a result of increase in net profit of XL.
Net (loss)/income. We had a net income, after income tax and minority interests, of $3,309,226 for the three months ended September 30, 2006, and a net loss, after income tax and minority interests, of $2,781,274 for the three months ended September 30, 2005.
Table of Contents
We had a net income, after income tax and minority interests, of $1,812,803 for the nine months ended September 30, 2006 and a net loss, after income tax and minority interests, of $2,261,089 for the nine months ended September 30, 2005.
LIQUIDITY AND CAPITAL RESOURCES
Our principal sources of liquidity are our cash and cash flow generated from operations and financing activities. Net cash provided by operating activities during the nine months ended September 30, 2006 was $2,800,406, while net cash used in operating activities during the nine months ended September 30, 2005 was $208,847. Net cash provided by operating activities in the nine months ended September 30, 2006 consisted of net income of $1,812,803, less an adjustment for non-cash items of $1,766,028, plus changes in operating assets and liabilities of $2,753,631. Cash flow from operating activities consisted mainly of an increase in accounts receivable of $1,828,142, a decrease in prepayments, deposits and other receivables of $2,210,300, an increase in accounts payable of $881,171, an increase in accruals and other liabilities of $869,459, an increase in amounts due from related companies of $130,860, and an increase in taxes payable of $702,164. The net cash used in investing activities during the nine months ended September 30, 2006 was $358,787, of which $347,176 was used for the acquisition of infrastructure assets, and $11,611 of which was used in acquisition of property, plant and equipment. The $88,510 in net cash used in financing activities during the nine months ended September 30, 2006 was for the repayment of our borrowings. The net increase in cash and cash equivalents for the nine months ended September 30, 2006 was $2,349,678, resulting in a total of $2,524,902 in cash and cash equivalents as of September 30, 2006.
In April 2005, we conducted the private placement sale of 20 units, at $25,000 per unit, resulting in gross proceeds of $500,000. Each unit consisted of
(a) one 12% convertible debenture in the original principal amount of $25,000, convertible into shares of our common stock at the rate of the lesser of
(i) $0.20 per share or (ii) a 10% discount to the price per share of common stock (or conversion price per share of common stock) of the next private placement conducted by us prior to any conversion of the debenture, and
(b) 125,000 detachable warrants to purchase one share each of our common stock at an exercise price of $0.20 per share, expiring ten years from their date of issuance. The exercise price of these warrants was adjusted to $0.15 per share on September 14, 2005 in connection with the September Private Placement. The debentures were originally due and payable August 1, 2005. The debenture holders, however, extended the payment period to September 30, 2005. All of the debenture holders converted their debentures into an aggregate of 3,703,701 shares of our common stock on October 1, 2005.
On September 14, 2005, we closed a private placement sale to accredited investors of units consisting of shares of our common stock and warrants to purchase shares of our common stock for aggregate gross proceeds of $4.83 million. Pursuant to the subscription agreements entered into with the investors, we issued to such investors 161 units at a price of $30,000 per unit. Each unit consisted of 200,000 shares of our common stock, priced at $0.15 per share, as well as warrants to purchase 200,000 shares of our common stock over a five-year period at an exercise price of $0.20 per share. Pursuant to the terms of the subscription agreements, we granted the investors limited registration rights for all common shares comprising the units, including the common shares issuable upon the exercise of the warrants.
Table of Contents
We are exploring our options for raising capital from outside investors, including bank or mezzanine lenders, to fund expansion of our business. As of the date of this report, other than as disclosed, we have not entered into any negotiations with any third parties to provide such capital. We anticipate that our current financing strategy of private debt and equity offerings will meet our anticipated objectives and business operations for the next 12 months. We continue to evaluate opportunities for corporate development. Subject to our ability to obtain adequate financing at the applicable time, we may enter into definitive agreements for one or more of those opportunities.
APPLICATION OF CRITICAL ACCOUNTING POLICIES
Our financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies include revenue recognition, impairment of assets and accounting for allowance of accounts receivable.
Revenue recognition. We recognize revenue using various revenue recognition policies based on the nature of the sale and the terms of the contract.
Revenues from turn-key engineering projects are recognized on the percentage-of-completion method for individual contracts. We follow the guidance of the American Institute of Certified Public Accountants ("AICPA") Statement of Position ("SOP") 81-1, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, for our accounting policy relating to the use of the percentage-of-completion method, estimated costs and claim recognition for construction contracts. Revenues are recognized in the ratio that costs incurred bear to total estimated contract costs to the extent we believe related collection is probable. The use of the percentage-of-completion method of revenue recognition requires estimates of percentage of project completion. Changes in job performance, estimated profitability and final contract settlements may result in revisions to costs and income in the period in which the revisions are determined. Provisions for any estimated losses on uncompleted contracts are made in the period in which such losses are determinable. In instances when the work performed on fixed price agreements is of a relatively short duration, we use the completed contract method of accounting whereby revenue is recognized when the work is completed. From 5% to 10% of the total contract value will be treated as retention monies withheld to ensure performance of the contract during the warranty period of up to 12 months, as stipulated in both long term and short term fixed price contracts.
Revenues arising from wastewater treatment are recognized based on wastewater treated as recorded daily by meters read at rates, in RMB/ton, as prescribed under the BOT agreements in accordance with SAB Topic 13, Revenue Recognition. We meet the following four criteria for revenue recognition outlined in SAB Topic 13:
1. There is sufficient evidence to support that sales arrangements exist;
Table of Contents
2. The price to the buyer is fixed through signed contracts;
3. Meter readings illustrate that delivery of treated wastewater has occurred; and
4. Collectibility is reasonably assured through one or more of the following:
due diligence prior to contract signing; historical payment practices; or required upfront payments.
Revenues from the sale of environment protection-related products and provision of technical services are recognized when goods are delivered or when services are performed. The contractual terms of the purchase agreements or consultancy agreements dictate the recognition of revenues by us. We recognize revenue in accordance with SAB No. 104. Accordingly, four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists;
(2) delivery has occurred; (3) the selling price is fixed and determinable; and
(4) collectibility is reasonably assured. Determination of criteria (3) and
(4) are based on management's judgments regarding the fixed nature of the selling prices of the products or services delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. We defer any revenue for which the product has not been delivered or is subject to refund until such time that we and our customer jointly determine that the product has been delivered or no refund will be required.
Impairment of assets. Our policy is to periodically review and evaluate whether there has been a permanent impairment in the value of long-lived assets. Factors considered in this evaluation include current operating results, trends and anticipated undiscounted estimated future cash flows that are expected to result from the use of the asset, or other measure of fair value, and whether such factors reflect that the value of the asset has been impaired.
Allowances for accounts receivable. Our provisioning policy for bad and doubtful debt is based on the evaluation of collectibility and aging analysis of accounts receivable and on management's judgment. We do no require collateral or other security to support client receivables. We conduct periodic reviews of our clients' financial condition and customer payment practices to minimize collection risks on accounts receivable. This review is based on a considerable amount of judgment which is required in assessing the ultimate realization of these receivables, including the current creditworthiness and the past collection history of each customer. During the third quarter of 2006, we made no allowances for doubtful debts.
Financial instruments. The carrying amounts of all financial instruments approximate fair value. The carrying amounts of cash, accounts receivable, related party receivables, unsecured loans, accounts payable and related party payables approximate fair value due to the short-term nature of these items. The carrying amounts of borrowings approximate the fair value based on our expected borrowing rate for debt with similar remaining maturities and comparable risk.
Table of Contents
Income per share. Basic income per share is computed by dividing the net income for the year by the weighted average number of common shares outstanding during the year. Diluted income per share is computed by dividing the net income for the year by the weighted average number of common and common equivalent shares outstanding during the year. Common equivalent shares (which includes incremental common shares issuable upon the exercise of stock options, unvested restricted common stock and shares that may be issued on a contingent basis) are included in diluted income per share to the extent such shares are dilutive. In accordance with SFAS 128, Earnings Per Share, we use income from continuing operations, net of income taxes, as the "control number" in determining whether common equivalent shares are dilutive or anti-dilutive in periods where discontinued operations are reported.
New accounting pronouncements
In May 2006, the SEC announced that the compliance date for non-accelerated filers pursuant to Section 404 of the Sarbanes-Oxley Act had been extended. Under the latest extension, a company that is not required to file its annual and quarterly reports on an accelerated basis must begin to comply with the internal control over financial reporting requirements for its first fiscal year ending on or after July 15, 2008, which, for us, is effective for fiscal 2008 beginning January 1, 2008. This is a one-year extension from the previously established July 15, 2007 compliance date established in September 2005. The SEC similarly extended the compliance date for these companies relating to requirements regarding evaluation of internal control over financial reporting and management certification requirements. We are currently evaluating the impact of Section 404 of the Sarbanes-Oxley Act on our results of operations, cash flows or financial condition.
In July 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation ("FIN") No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109. This Interpretation provides guidance for recognizing and measuring uncertain tax positions, as defined in Statement of Financial Accounting Standards (SFAS) No. 109, Accounting for Income Taxes. FIN No. 48 prescribes a threshold condition that a tax position must meet for any of the benefit of an uncertain tax position to be recognized in the financial statements. Guidance is also provided regarding derecognition, classification and disclosure of uncertain tax positions. FIN No. 48 is effective for fiscal years beginning after December 15, 2006. The Company does not expect that this Interpretation will have a material impact on their financial position, results of operations or cash flows.
In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements ("FAS 157"). FAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements but does not require any new fair value measurements. FAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. The Company has not yet determined the impact of applying FAS 157.
Table of Contents
In September 2006, the FASB issued SFAS No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans ("FAS 158"). FAS 158 requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. FAS 158 is effective for financial statements as of December 31, 2006. The Company does not expect any material impact from applying FAS 158.
In September 2006, the SEC issued SAB 108, which provides interpretive guidance on how the effects of the carryover or reversal of prior year misstatements should be considered in quantifying a current year misstatement. SAB 108 is effective for the first interim period following the first fiscal year ending after November 15, 2006, which, for us, is effective for fiscal 2007 beginning January 1, 2007. We believe that the adoption of SAB 108 will not have a material impact on our results of operations, cash flows or financial condition.
Off-Balance Sheet Arrangements
Antwort auf Beitrag Nr.: 27.281.598 von boersenphilo2 am 29.01.07 20:47:35Business Summary
China Water Group Inc., formerly China Evergreen Environmental Corporation, is a wastewater engineering company, which is engaged in the design, construction, implementation and management of industrial and municipal wastewater treatment facilities through its majority owned subsidiaries in the People's Republic of China. The Company also invests in, manages and operates its own water treatment facilities through build, operate and transfer (BOT) arrangements in the People's Republic of China. The Company also sells environment protection-related products, including GM Bio-carriers, a natural, chemical-free, mineral and enzyme-based catalyst material that facilitates the growth of bacteria capable of degrading micro-organism materials in wastewater. Its customers include municipal governments, food processing and beverage companies, and industrial companies.
(Source: 10KSB)
Financial Information
Latest Financial Statements
and Analyses: 9/30/2006 Annual Financials Quarterly Financials
Current Fiscal Period: 3Q 2006
Fiscal Year End: December
Last Audit: 12/31/2005
Auditors: PKF
Audit Opinion: Unqualified
SEC Filings: Management Discussion & Analysis Full Filings
Stock Performance
Detailed Quote
Last: 0.11 Change: n/a (n/a%) Volume: 146,000
Open: 0.11
High: 0.11
Low: 0.11
Bid: 0.10
Ask: 0.11
Yield: 0.00
P/E Ratio: 5.25
EPS: 0.02
Dividend: n/a
Ex Dividend Date: n/a
Shares Out: 135.9 M
Market Cap: 14.3 M
52wk High: 0.43
52wk Low: 0.10
Controls
Time:
Frequency:
Upper Indicator:
Industries
Type
Code
Description
Sector UTILIT Utilities
Industry WATERU Water Utilities
SIC 4941 Water Supply
NAICS 22131 Water Supply and Irrigation Systems
Management
Title
Name
Age
Title
Date
Start
Date
President, Chief Executive Officer, Director Chong Liang Pu 47 10/1/2004 10/1/2004
Chief Financial Officer Peh Chung Lim 38 12/29/2005 12/29/2005
Chief Operating Officer Jia He Li 63 10/1/2004 10/1/2004
Branches and Subsidiaries
Business Name
Address
City
State/Province
Country
DISCOVERY INVESTMENTS 4465 G St Sacramento CA US
Business Names
Business Name
Beijing Haotai Shiyuan Water Purification Co. Limited
China Evergreen Environmental Corp.
China Water Group Inc.
8 additional Business Names available in full report.
General Information
Number of Employees: 54 (As of 12/31/2005)
Outstanding Shares: 135,903,698 (As of 11/14/2006)
Shareholders: 141 (As of 12/31/2005)
Stock Exchange: OTC
Federal Tax Id: 880409151
Fax Number: (20) 873-26157
China Water Group Inc., formerly China Evergreen Environmental Corporation, is a wastewater engineering company, which is engaged in the design, construction, implementation and management of industrial and municipal wastewater treatment facilities through its majority owned subsidiaries in the People's Republic of China. The Company also invests in, manages and operates its own water treatment facilities through build, operate and transfer (BOT) arrangements in the People's Republic of China. The Company also sells environment protection-related products, including GM Bio-carriers, a natural, chemical-free, mineral and enzyme-based catalyst material that facilitates the growth of bacteria capable of degrading micro-organism materials in wastewater. Its customers include municipal governments, food processing and beverage companies, and industrial companies.
(Source: 10KSB)
Financial Information
Latest Financial Statements
and Analyses: 9/30/2006 Annual Financials Quarterly Financials
Current Fiscal Period: 3Q 2006
Fiscal Year End: December
Last Audit: 12/31/2005
Auditors: PKF
Audit Opinion: Unqualified
SEC Filings: Management Discussion & Analysis Full Filings
Stock Performance
Detailed Quote
Last: 0.11 Change: n/a (n/a%) Volume: 146,000
Open: 0.11
High: 0.11
Low: 0.11
Bid: 0.10
Ask: 0.11
Yield: 0.00
P/E Ratio: 5.25
EPS: 0.02
Dividend: n/a
Ex Dividend Date: n/a
Shares Out: 135.9 M
Market Cap: 14.3 M
52wk High: 0.43
52wk Low: 0.10
Controls
Time:
Frequency:
Upper Indicator:
Industries
Type
Code
Description
Sector UTILIT Utilities
Industry WATERU Water Utilities
SIC 4941 Water Supply
NAICS 22131 Water Supply and Irrigation Systems
Management
Title
Name
Age
Title
Date
Start
Date
President, Chief Executive Officer, Director Chong Liang Pu 47 10/1/2004 10/1/2004
Chief Financial Officer Peh Chung Lim 38 12/29/2005 12/29/2005
Chief Operating Officer Jia He Li 63 10/1/2004 10/1/2004
Branches and Subsidiaries
Business Name
Address
City
State/Province
Country
DISCOVERY INVESTMENTS 4465 G St Sacramento CA US
Business Names
Business Name
Beijing Haotai Shiyuan Water Purification Co. Limited
China Evergreen Environmental Corp.
China Water Group Inc.
8 additional Business Names available in full report.
General Information
Number of Employees: 54 (As of 12/31/2005)
Outstanding Shares: 135,903,698 (As of 11/14/2006)
Shareholders: 141 (As of 12/31/2005)
Stock Exchange: OTC
Federal Tax Id: 880409151
Fax Number: (20) 873-26157
Summary Profile: China Water Group, Inc.
OTC-BB: CHWG
Yahoo! Finance Stock Quote for CHWG: Click Here
MarketWatch BigCharts for CHWG: Click Here
SEC Filings for CHWG: Click Here
SNAPSHOT: Designs, engineers and develops wastewater treatment facilities in China, providing both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities.
CONTACT: Chong Liang Pu, CEO
Peh Chung Lim, CFO
email: jameslim@gdxsg.com
China Water Group, Inc.
Suite 7A01, Baicheng Building
584 Yingbin Road, Dashi, Panyu District
Guangzho, Guangdong F4 511430
People's Republic of China
Telephone: +86-20-3993-4199
Fax: +86-20-3479-9768
Web Site:
Please see "Cautionary Statement Regarding Forward-Looking Statements" (below).
ABOUT CHINA WATER GROUP, INC.
China Water Group (formerly China Evergreen Environmental Corporation) is a leading designer, engineer and developer of wastewater treatment facilities in China. With its proprietary technology resources and project management experience, CHWG provides both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China. CHWG also markets and sells its proprietary GM Bio-carriers, a natural, chemical-free process designed to improve the efficiency of the wastewater treatment process.
GREEN CREDENTIALS
In October 2006, the Company announced today that it had entered into an agreement to build-operate-transfer, or BOT, a new municipal wastewater treatment project with a capacity to treat 20,000 metric tons of municipal wastewater per day. The new facility is to be located in Tianjin, the largest industrial and port city in northern China, and is expected to generate an average revenue to CHWG of approximately $650,000 per year over the total project life of 20 years. The facility is CHWG's sixth project contracted on a BOT basis.
In September 2006, the Company announced the completion of a 20,000 tonne/day municipal waste water treatment facility in Beijing, the capital of the People's Republic of China ("PRC"). The project, contracted on a build-operate-transfer ("BOT") basis was completed, within cost parameters, at a total investment of $2.5 million and will generate average revenue of approximately $665,000 per annum over the total project life of 25 years. Within the next few years, it is anticipated that the facility will expand to treat 40,000 tonne/day.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: The Private Securities Litigation Reform Act of 1995, referred to as the PSLRA, provides a "safe harbor" for forward-looking statements. Certain statements about some or all companies as represented in descriptions on this website, such as statements concerning planned activities, backlog of contracts, projected sales and financial performance, statements containing the words "may," "assumes," "forecasts," "positions," "predicts," "strategy," "will," "expects," "estimates," "anticipates," "believes," "projects," "intends," "plans," "budgets," "potential," "continue," "targets" "proposed," and variations thereof, and other statements regarding matters that are not historical facts are forward-looking statements as such term is defined in the PSLRA. Because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: uncertainties involving development-stage companies; uncertainties regarding project financing, the lack of binding commitments and/or the need to negotiate and execute definitive agreements for business activities, uncertainties related to market demand for a company's products and/or services, the availability and cost of supply of materials and skilled labor and other requirements for business operation; financing and cash flow requirements and uncertainties; inexperience with the development of specific business undertakings; management's inexperience with managing such risks; uncertainties regarding the development of the market for a company's products and/or services; difficulties involved in developing and executing a business plan; difficulties and uncertainties regarding acquisitions; technological uncertainties; including those relating to competing products and technologies; risks relating to managing and integrating acquired businesses; unpredictable developments; the difficulty of estimating construction, development, repair and maintenance costs and timeframes for completing projects and other undertakings; the uncertainties involved in estimating insurance and implied warranty recoveries, if any; the inability to predict the course or outcome of any negotiations with parties involved with projects; uncertainties relating to general economic and industry conditions, and the amount and rate of growth in expenses; uncertainties relating to government and regulatory policies and the legal environment; uncertainties relating to the availability of tax credits, deductions, rebates and similar incentives; intellectual property issues; the competitive environment in which the company or companies and subsidiaries operate and other factors, including those described in each company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, well as in other filings that the company or companies make with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that they are made. The companies and Enviro-Investors.com undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ATTENTION "GREEN" COMPANY OFFICERS, DIRECTORS AND MANAGERS:
If you are an officer or director or manager at one of the companies included in the Enviro-Investors.com directory listing, and if you wish to edit the summary description of your company's business activities, please contact us.
If you are an officer or director or manager of a "green" public company that is not currently listed but should be included in this listing, please contact us.
OTC-BB: CHWG
Yahoo! Finance Stock Quote for CHWG: Click Here
MarketWatch BigCharts for CHWG: Click Here
SEC Filings for CHWG: Click Here
SNAPSHOT: Designs, engineers and develops wastewater treatment facilities in China, providing both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities.
CONTACT: Chong Liang Pu, CEO
Peh Chung Lim, CFO
email: jameslim@gdxsg.com
China Water Group, Inc.
Suite 7A01, Baicheng Building
584 Yingbin Road, Dashi, Panyu District
Guangzho, Guangdong F4 511430
People's Republic of China
Telephone: +86-20-3993-4199
Fax: +86-20-3479-9768
Web Site:
Please see "Cautionary Statement Regarding Forward-Looking Statements" (below).
ABOUT CHINA WATER GROUP, INC.
China Water Group (formerly China Evergreen Environmental Corporation) is a leading designer, engineer and developer of wastewater treatment facilities in China. With its proprietary technology resources and project management experience, CHWG provides both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China. CHWG also markets and sells its proprietary GM Bio-carriers, a natural, chemical-free process designed to improve the efficiency of the wastewater treatment process.
GREEN CREDENTIALS
In October 2006, the Company announced today that it had entered into an agreement to build-operate-transfer, or BOT, a new municipal wastewater treatment project with a capacity to treat 20,000 metric tons of municipal wastewater per day. The new facility is to be located in Tianjin, the largest industrial and port city in northern China, and is expected to generate an average revenue to CHWG of approximately $650,000 per year over the total project life of 20 years. The facility is CHWG's sixth project contracted on a BOT basis.
In September 2006, the Company announced the completion of a 20,000 tonne/day municipal waste water treatment facility in Beijing, the capital of the People's Republic of China ("PRC"). The project, contracted on a build-operate-transfer ("BOT") basis was completed, within cost parameters, at a total investment of $2.5 million and will generate average revenue of approximately $665,000 per annum over the total project life of 25 years. Within the next few years, it is anticipated that the facility will expand to treat 40,000 tonne/day.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: The Private Securities Litigation Reform Act of 1995, referred to as the PSLRA, provides a "safe harbor" for forward-looking statements. Certain statements about some or all companies as represented in descriptions on this website, such as statements concerning planned activities, backlog of contracts, projected sales and financial performance, statements containing the words "may," "assumes," "forecasts," "positions," "predicts," "strategy," "will," "expects," "estimates," "anticipates," "believes," "projects," "intends," "plans," "budgets," "potential," "continue," "targets" "proposed," and variations thereof, and other statements regarding matters that are not historical facts are forward-looking statements as such term is defined in the PSLRA. Because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: uncertainties involving development-stage companies; uncertainties regarding project financing, the lack of binding commitments and/or the need to negotiate and execute definitive agreements for business activities, uncertainties related to market demand for a company's products and/or services, the availability and cost of supply of materials and skilled labor and other requirements for business operation; financing and cash flow requirements and uncertainties; inexperience with the development of specific business undertakings; management's inexperience with managing such risks; uncertainties regarding the development of the market for a company's products and/or services; difficulties involved in developing and executing a business plan; difficulties and uncertainties regarding acquisitions; technological uncertainties; including those relating to competing products and technologies; risks relating to managing and integrating acquired businesses; unpredictable developments; the difficulty of estimating construction, development, repair and maintenance costs and timeframes for completing projects and other undertakings; the uncertainties involved in estimating insurance and implied warranty recoveries, if any; the inability to predict the course or outcome of any negotiations with parties involved with projects; uncertainties relating to general economic and industry conditions, and the amount and rate of growth in expenses; uncertainties relating to government and regulatory policies and the legal environment; uncertainties relating to the availability of tax credits, deductions, rebates and similar incentives; intellectual property issues; the competitive environment in which the company or companies and subsidiaries operate and other factors, including those described in each company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, well as in other filings that the company or companies make with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that they are made. The companies and Enviro-Investors.com undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ATTENTION "GREEN" COMPANY OFFICERS, DIRECTORS AND MANAGERS:
If you are an officer or director or manager at one of the companies included in the Enviro-Investors.com directory listing, and if you wish to edit the summary description of your company's business activities, please contact us.
If you are an officer or director or manager of a "green" public company that is not currently listed but should be included in this listing, please contact us.
Habe mir heut auch ein paar geholt.
Man weiß ja nie, welche Sau sie als nächstes nach Hydroflo
durchs Dorf treiben.
Bislang will sie aber nicht so recht.
Hast du mal Orderbuch US ?
Wieviel stehen denn da so bei 0,105 up ?
.
Man weiß ja nie, welche Sau sie als nächstes nach Hydroflo
durchs Dorf treiben.
Bislang will sie aber nicht so recht.
Hast du mal Orderbuch US ?
Wieviel stehen denn da so bei 0,105 up ?
.
Wird grad nix.
Völlig unbeeindruckt von Flo marschiert China dem nächsten Tief
entgegen.
Vielleicht müssen die auch erst die 0,00? sehen, um von da an den 1000er-Zock
zu starten.
hmpf
Völlig unbeeindruckt von Flo marschiert China dem nächsten Tief
entgegen.
Vielleicht müssen die auch erst die 0,00? sehen, um von da an den 1000er-Zock
zu starten.
hmpf
Antwort auf Beitrag Nr.: 27.281.965 von boersenphilo2 am 29.01.07 21:05:05Hallo Börsenphilo2, in Deiner Auflistung ist mir der folgende Abschnitt unverständlich geblieben:
---
Financial Information
Latest Financial Statements
and Analyses: 9/30/2006 Annual Financials Quarterly Financials
Current Fiscal Period: 3Q 2006
Fiscal Year End: December
Last Audit: 12/31/2005
Auditors: PKF
###### Audit Opinion: Unqualified ######
Was bedeutet das "Unqualified" denn? Mache ich mir hier unnötige Sorgen?
---
Financial Information
Latest Financial Statements
and Analyses: 9/30/2006 Annual Financials Quarterly Financials
Current Fiscal Period: 3Q 2006
Fiscal Year End: December
Last Audit: 12/31/2005
Auditors: PKF
###### Audit Opinion: Unqualified ######
Was bedeutet das "Unqualified" denn? Mache ich mir hier unnötige Sorgen?
Antwort auf Beitrag Nr.: 27.343.987 von OpaQ am 01.02.07 12:18:18Brauchst dir keine Sorgen machen!!!
What's the difference between a qualified and unqualified report?
Pursuant to the FA&A Act, the Auditor-General is required to audit and prepare a report about the financial statements of every public sector entity. The following audit opinions may be issued in respect of the financial statements of an entity (Australian Auditing Standard (AUS) 702 - The Audit Report on a General Purpose Financial Report).
Unqualified Opinion
An unqualified audit opinion is issued on financial statements where -
* all of the information and explanations required have been received; and
* the financial statements are in the form required by the prescribed requirements and are in agreement with the accounts; and
* in the Auditor-General's opinion, the requirements of the relevant Acts have been complied with in all material respects in relation to the establishment and keeping of accounts and the financial statements have been drawn up so as to present a true and fair view.
What's the difference between a qualified and unqualified report?
Pursuant to the FA&A Act, the Auditor-General is required to audit and prepare a report about the financial statements of every public sector entity. The following audit opinions may be issued in respect of the financial statements of an entity (Australian Auditing Standard (AUS) 702 - The Audit Report on a General Purpose Financial Report).
Unqualified Opinion
An unqualified audit opinion is issued on financial statements where -
* all of the information and explanations required have been received; and
* the financial statements are in the form required by the prescribed requirements and are in agreement with the accounts; and
* in the Auditor-General's opinion, the requirements of the relevant Acts have been complied with in all material respects in relation to the establishment and keeping of accounts and the financial statements have been drawn up so as to present a true and fair view.
Was ist eigentlich hier los?
CEEC hat seinen Namen geändert und man findet nichts mehr im web über China Water Group. Keine nachrichten, keine website...
Man könnte Zweifel haben, ob die Firma überhaupt noch existiert.
Der Kurs rutscht auch Woche um Woche. Pennen die bei CWHG???
Weiß jemand etwas mehr?
CEEC hat seinen Namen geändert und man findet nichts mehr im web über China Water Group. Keine nachrichten, keine website...
Man könnte Zweifel haben, ob die Firma überhaupt noch existiert.
Der Kurs rutscht auch Woche um Woche. Pennen die bei CWHG???
Weiß jemand etwas mehr?
Das frage ich mich auch.
Hier hat schon längst das Weich-kochen angefangen.
Keine Homepage, keine Nachrichten usw.
Erst wenn der letzte zermürbte Kleinaktionär verkaut hat, geht es Schlag auf Schlag um einige 100% nach oben. Zuletzt habe ich es bei Forlink erlebt. Wenn es ein Spielgeld ist, ist ja eher zu spät zu verkaufen.
Hier hat schon längst das Weich-kochen angefangen.
Keine Homepage, keine Nachrichten usw.
Erst wenn der letzte zermürbte Kleinaktionär verkaut hat, geht es Schlag auf Schlag um einige 100% nach oben. Zuletzt habe ich es bei Forlink erlebt. Wenn es ein Spielgeld ist, ist ja eher zu spät zu verkaufen.
Was geht ?
Geht was ?
Volumen eigentlich, wie in der letzten Zeit,
bloß mal wieder mit grünem Vorzeichen ...
.
Geht was ?
Volumen eigentlich, wie in der letzten Zeit,
bloß mal wieder mit grünem Vorzeichen ...
.
Spread USA:
0,0791 zu 0,10
.
0,0791 zu 0,10
.
Antwort auf Beitrag Nr.: 27.377.713 von boersenphilo2 am 02.02.07 19:50:19Kannst Du bitte einmal aus den Zahlen des Geschäftsberichtes ein KGV ableiten?
Homepage:
http://www.chinawatergroup.com/eng/comprofile.html
Aber die sind mit Vorsicht zu geniessen....Wer schon selber (im Announcement vom 01.03.07 2xden Satz schreibt: "Shareholders and Investors are reminded to exercise caution in dealing in the shares of the company" ...
http://www.chinawatergroup.com/eng/comprofile.html
Aber die sind mit Vorsicht zu geniessen....Wer schon selber (im Announcement vom 01.03.07 2xden Satz schreibt: "Shareholders and Investors are reminded to exercise caution in dealing in the shares of the company" ...
Antwort auf Beitrag Nr.: 28.753.367 von RichyBerlin am 11.04.07 10:43:59In letzter Zeit gab es ein "announcement", das allerdings schwer zu lesen ist. China water hat in eine andere Firma investiert, die auch im gleichen Geschäftsfeld arbeitet, und zwar im Gebiet Shanghai. Da findet sich auch eine lange Liste insitutioneller Anleger, die alle einen größeren Anteil an der Firma besitzen. darunter sind auch westliche (frz.) Gruppen. Da ich nicht durchblicke, ob die Gesellschaft denn nun eigentliche Geld verdient oder nicht und wieviel, werde ich mich darauf verlassen, daß die institutionellen Eigner schon aufpassen werden. Ich denke, daß gegen die Zeit der Abhaltung der Olympiade hin alle chin. Aktien steigen werden, so daß wir wenigstens die Einstandskurse wiedersehen. Mit großem Verlust zu verkaufen, dafür sehe ich keinen Grund.
Antwort auf Beitrag Nr.: 28.753.367 von RichyBerlin am 11.04.07 10:43:59Der Link bezieht sich auf eine andere Firma. Nämlich China Water Affairs.
Antwort auf Beitrag Nr.: 28.824.199 von kgunther am 15.04.07 16:20:18 gibt es einen grund heut für die 22%+
hm naja wasser klingt ja nich schlecht
fast so wie solar oder hm???
mfg
hm naja wasser klingt ja nich schlecht
fast so wie solar oder hm???
mfg
Antwort auf Beitrag Nr.: 31.084.298 von CEO2000 am 08.08.07 18:40:15Diesen Kurs hatten wir vor ein paar Tagen auch schon!- Nichts Besonderes.
Gruß Burnnny
Gruß Burnnny
Antwort auf Beitrag Nr.: 31.085.042 von Burnnny am 08.08.07 19:21:26Hallo, habe die Aktie schon länger im Blickfeld und ich denke
jetzt sollte man langsam einsteigen und long gehen!!
Denn jetzt könnte es zwar lanngsam aber SICHER hochgehen!
oder was mein Ihr? nach diesem Bericht!!
China Water Group, Inc Announces Entry into Share Purchase Contract
GUANGZHOU, China, Aug. 8 /Xinhua-PRNewswire/ -- China Water Group, Inc.
(Pink Sheet: CHWG), a water industry company in the People's Republic of
China, announced on August 2nd the signing of a contract of share ownership
assignment with Fortune Luck Global International Limited. Pursuant to the
contract, China Water Group, Inc. will own 90% of the shares of Guangzhou
Xinchen Water Company (held by Fortune Luck Global International Limited)
as well as shareholder's rights in Aba Xinchen Dagu Glacier Spring Co.,
Ltd. The total price for the assignment of the share ownership is 13.45
million dollars, of which 7.5 million dollars will be paid in cash, and the
remaining 5.95 million dollars will be in shares. Huatian Public
Accountants appraised the enterprise value of Aba Xinchendagu Dagu Glacier
Spring Co., Ltd. at RMB 75,499,830,000 Yuan as of February 28, 2007.
The Dagu Glacier Spring Project contains the bottled water factory put
into production with a daily output of 150,000 bottles of water initially,
the use rights of the 16290.08 m2, property rights, IPRs, and trademark
rights occupied by the factory, including the 50-year sole business rights
of the water source. If we sell the water source at maximum capacity, it
will bring us annual revenue of 500 million dollars. Dugu Glacier Spring
water is located from southeast of the Qinghai-Tibet Plateau, 5,100 meters
above sea level. According to the results of C14 tests carried out by the
Geology Institute of the China Earthquake Administration, the Dagu Glacier
Spring water contains natural water clusters that were formed 9,610 year
ago, which is the oldest glacier spring water that has been discovered in
the world. It is weak alkaline in nature, contains large amount of oxygen,
balanced minerals, and low content of deuterium. The water source is
precious and unique, and that is really good for health.
About China Water Group
China Water Group is a leading designer, engineer and developer of
wastewater treatment facilities in China. With its proprietary technology
resources and project management experience, China Water Group provides
turn-key, BOT and TOT services to a range of industrial companies and
municipalities throughout China. China Water Group also markets and sells
its proprietary GM Bio-carriers, a natural, chemical-free process designed
to improve the efficiency of the wastewater treatment process.
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made on behalf of China Water Group
and its subsidiaries. All such forward-looking statements are, by
necessity, only estimates of future results and actual results achieved by
China Water Group may differ materially from these statements due to a
number of factors. Any forward-looking statements speak only as of the date
made. Statements in this document that are not purely historical are
forward-looking statements, including any statements as to the beliefs,
plans, expectations, or intentions regarding the future. Risk factors that
may cause results to differ from projections includes, without limitation,
loss of suppliers, loss of customers, inadequate capital, competition, loss
of key executives, declining prices and other economic factors. China Water
Group assumes no obligations to update these forward-looking statements to
reflect actual results, changes in assumptions or changes in other factors
affecting such statements. You should independently investigate and fully
understand all risks before making investment decisions.
SOURCE China Water Group, Inc.
jetzt sollte man langsam einsteigen und long gehen!!
Denn jetzt könnte es zwar lanngsam aber SICHER hochgehen!
oder was mein Ihr? nach diesem Bericht!!
China Water Group, Inc Announces Entry into Share Purchase Contract
GUANGZHOU, China, Aug. 8 /Xinhua-PRNewswire/ -- China Water Group, Inc.
(Pink Sheet: CHWG), a water industry company in the People's Republic of
China, announced on August 2nd the signing of a contract of share ownership
assignment with Fortune Luck Global International Limited. Pursuant to the
contract, China Water Group, Inc. will own 90% of the shares of Guangzhou
Xinchen Water Company (held by Fortune Luck Global International Limited)
as well as shareholder's rights in Aba Xinchen Dagu Glacier Spring Co.,
Ltd. The total price for the assignment of the share ownership is 13.45
million dollars, of which 7.5 million dollars will be paid in cash, and the
remaining 5.95 million dollars will be in shares. Huatian Public
Accountants appraised the enterprise value of Aba Xinchendagu Dagu Glacier
Spring Co., Ltd. at RMB 75,499,830,000 Yuan as of February 28, 2007.
The Dagu Glacier Spring Project contains the bottled water factory put
into production with a daily output of 150,000 bottles of water initially,
the use rights of the 16290.08 m2, property rights, IPRs, and trademark
rights occupied by the factory, including the 50-year sole business rights
of the water source. If we sell the water source at maximum capacity, it
will bring us annual revenue of 500 million dollars. Dugu Glacier Spring
water is located from southeast of the Qinghai-Tibet Plateau, 5,100 meters
above sea level. According to the results of C14 tests carried out by the
Geology Institute of the China Earthquake Administration, the Dagu Glacier
Spring water contains natural water clusters that were formed 9,610 year
ago, which is the oldest glacier spring water that has been discovered in
the world. It is weak alkaline in nature, contains large amount of oxygen,
balanced minerals, and low content of deuterium. The water source is
precious and unique, and that is really good for health.
About China Water Group
China Water Group is a leading designer, engineer and developer of
wastewater treatment facilities in China. With its proprietary technology
resources and project management experience, China Water Group provides
turn-key, BOT and TOT services to a range of industrial companies and
municipalities throughout China. China Water Group also markets and sells
its proprietary GM Bio-carriers, a natural, chemical-free process designed
to improve the efficiency of the wastewater treatment process.
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made on behalf of China Water Group
and its subsidiaries. All such forward-looking statements are, by
necessity, only estimates of future results and actual results achieved by
China Water Group may differ materially from these statements due to a
number of factors. Any forward-looking statements speak only as of the date
made. Statements in this document that are not purely historical are
forward-looking statements, including any statements as to the beliefs,
plans, expectations, or intentions regarding the future. Risk factors that
may cause results to differ from projections includes, without limitation,
loss of suppliers, loss of customers, inadequate capital, competition, loss
of key executives, declining prices and other economic factors. China Water
Group assumes no obligations to update these forward-looking statements to
reflect actual results, changes in assumptions or changes in other factors
affecting such statements. You should independently investigate and fully
understand all risks before making investment decisions.
SOURCE China Water Group, Inc.
Was ist den hier heute los??
Weiß jemand etwas Neues????
mfg
Burnnny
Weiß jemand etwas Neues????
mfg
Burnnny
Antwort auf Beitrag Nr.: 32.088.975 von Burnnny am 19.10.07 20:00:23 +114,29%
Antwort auf Beitrag Nr.: 32.089.569 von Burnnny am 19.10.07 20:52:47Ich finde bis jetzt keine Meldung, die den Kursanstieg begründet.
XIO wüßte es bestimmt. Also bitte melden XIO!
Danke
XIO wüßte es bestimmt. Also bitte melden XIO!
Danke
Antwort auf Beitrag Nr.: 32.090.579 von Goldhase2005 am 19.10.07 22:12:40Hallo,
diesen Bericht haben bestimmt einige gelesen und entsprechende
Aktien eingekauft.
Gruß
Lichtstrahlen
18.10.2007 12:45
China und das Wasser
von Michael Vaupel
Ich komme auf den derzeit stattfindenden Parteitag der Kommunistischen Partei Chinas zurück. Dort hatte vorgestern der chinesische Ministerpräsident den Umweltschutz als Thema aufgegriffen (ich hatte berichtet).
Würde mich sehr freuen, wenn China mehr zum Schutz von Mutter Natur unternehmen würde! Denn Kehrseite des grandiosen chinesischen Wirtschaftswachstums ist leider Gottes die Tatsache, dass die Umwelt leidet.
Ich möchte den Punkt „Wasser“ herausgreifen, denn hier können wir als Investoren ansetzen (und so bekomme ich den Bogen zur Finanzwelt, lieber Produktmanager). Also:
In China umfasst dieser Aspekt vier verschiedene Bereiche:
1. Die Wasserverschmutzung,
2. den Wassermangel,
3. die rapide sinkende Wasserqualität (wobei diese beiden Punkte eng miteinander verbunden sind)
4. Wasserkatastrophen wie unkontrollierbare Überschwemmungen, die aufgrund der Umweltschäden immer häufiger auftreten.
Im Folgenden konzentriere ich mich auf die ersten zwei Punkte, die in Fachkreisen auch so betitelt werden:
Das „Zwillingsproblem“ der chinesischen Wasserkrise
Auf den ersten Blick sieht die Situation in China gar nicht besonders problematisch aus. China besitzt nach Brasilien, Russland und Kanada die größten Wasservorräte der Welt. Das klingt alles andere als nach einem Problemfall. Aber: Es ist eben nicht die absolute Größe der Wasserressourcen entscheidend, sondern das Verhältnis zur Bevölkerung. So ist China die Nr. 4 bei den Wasserressourcen, aber im riesigen Reich der Mitte leben auch 1,3 Milliarden Menschen.
Das Land beherbergt somit 22% der Weltbevölkerung, besitzt aber nur 7% aller Frischwasserressourcen. Oder anders ausgedrückt:
Die Wasserressourcen von China sind so groß wie die von Kanada, aber die Bevölkerung in China ist um den Faktor 100 größer!
Das macht China laut der UNO zu einem der Länder mit den weltweit niedrigsten Wasserressourcen pro Kopf. Ein Problem ist zudem die ungleiche Wasserverteilung zwischen dem Norden und dem Süden, als deren Trennlinie der Yangtze-Fluss gilt, der mit 6.300 km der längste Fluss und eine der blauen Adern Chinas ist.
Chart
Obwohl im Norden Chinas 45% der Bevölkerung lebt und sich 67% der Anbauflächen befinden, fallen dort nur 20% der Niederschläge. Ein problematisches Ungleichgewicht.
Und dann kommt noch hinzu: Ein großer Teil der Wassser-Ressourcen ist kontaminiert, schätzungsweise ein Viertel der Abwässer wird überhaupt geklärt. Das gilt insbesondere für den Gelben Fluss, der nicht umsonst als die „Lebensader des Nordens“ bezeichnet wird. Doch diese Lebensader ist in den vergangenen Jahren gnadenlos ausgesaugt worden.
Und inzwischen ist der Gelbe Fluss zu gut drei Viertel kontaminiert
Drei Viertel! Auch die weiteren Hauptflüsse im Norden Chinas, die Flüsse Liao, Hai und Huai, sind nicht mehr in der Lage, diesen Ausfall zu kompensieren, da sie selbst teilweise stark verseucht sind. Wie bedrohlich die Lage ist, sehen Sie in China schon daran, dass sich viele offizielle Stellen mit negativen Kommentaren zu der Wasserkrise äußern.
So sagte Zhai Haohui, Vizepräsident des chinesischen Ministeriums für Wasserressourcen in einem Interview: „Die höchste Priorität für Regierungsausgaben sollte auf den Bau von Projekten gelegt werden, die eine Versorgung aller Menschen in ganz China mit sauberem Trinkwasser ermöglicht. Besonders die Millionen von Menschen in den ländlichen Gegenden, die derzeit von verschmutztem Wasser betroffen sind.“ (Beachten Sie hierbei: China besitzt inzwischen ein eigenes Ministerium nur für die Wasserproblematik. Das zeigt Ihnen, wie ernst die Lage ist.)
Der chinesische Umweltminister Pan Yue formulierte die Situation sogar noch dramatischer: „Die größte Sorge mache ich mir um unser Wasser. Wassermangel und Wasserverschmutzung bedrohen die Wirtschaftsentwicklung, die Stabilität der Gesellschaft und die Gesundheit der Menschen.“
Bei diesen beiden Politikern handelt es sich wohlgemerkt nicht um Regimekritiker im Exil – es sind ranghohe Politiker des kommunistischen Machtapparates. Wenn solche hohen politischen Stellen offiziell solche Aussagen treffen, dann wissen Sie: Hier gibt es wirklich ein Problem! Und es wird gehandelt werden, denn sonst würden sich diese Funktionäre gar nicht so weit aus dem Fenster lehnen.
Die chinesische Führung plant konkrete Maßnahmen:
So soll z.B. in Peking die Klärquote von 50% auf 90% steigen, möglichst bis zu den Olympischen Spielen 2008. Und landesweit soll die Klärquote von aktuell rund 25% bis 2010 mindestens verdoppelt werden.
Alles eine sehr erfreuliche Entwicklung. An der wir auch profitieren können: Denn es gibt Unternehmen, welche Profiteure der Milliardeninvestitionen sein werden. Und klar dürfte sein, dass die Aufträge in erster Linie an chinesische Unternehmen gehen werden…
Mein Fazit als Anleger: Ein Aktienkorb (denn „Märkte statt Einzeltitel“!), der 12 asiatische Unternehmen enthält, die zu den wirtschaftlichen Profiteuren dieser Entwicklung gehören werden.
(Wie üblich gilt, Sie wissen es: Ich darf Ihnen diesen Schein hier im Trader´s Daily nicht empfehlen, da ich bereits ihn den zahlenden Abonnenten meines Börsendienstes Derivate Strategie empfohlen habe; da steht er schon leicht im Plus, +6%. Bitte da um Verständnis.)
Beste Grüße,
Michael Vaupel
diesen Bericht haben bestimmt einige gelesen und entsprechende
Aktien eingekauft.
Gruß
Lichtstrahlen
18.10.2007 12:45
China und das Wasser
von Michael Vaupel
Ich komme auf den derzeit stattfindenden Parteitag der Kommunistischen Partei Chinas zurück. Dort hatte vorgestern der chinesische Ministerpräsident den Umweltschutz als Thema aufgegriffen (ich hatte berichtet).
Würde mich sehr freuen, wenn China mehr zum Schutz von Mutter Natur unternehmen würde! Denn Kehrseite des grandiosen chinesischen Wirtschaftswachstums ist leider Gottes die Tatsache, dass die Umwelt leidet.
Ich möchte den Punkt „Wasser“ herausgreifen, denn hier können wir als Investoren ansetzen (und so bekomme ich den Bogen zur Finanzwelt, lieber Produktmanager). Also:
In China umfasst dieser Aspekt vier verschiedene Bereiche:
1. Die Wasserverschmutzung,
2. den Wassermangel,
3. die rapide sinkende Wasserqualität (wobei diese beiden Punkte eng miteinander verbunden sind)
4. Wasserkatastrophen wie unkontrollierbare Überschwemmungen, die aufgrund der Umweltschäden immer häufiger auftreten.
Im Folgenden konzentriere ich mich auf die ersten zwei Punkte, die in Fachkreisen auch so betitelt werden:
Das „Zwillingsproblem“ der chinesischen Wasserkrise
Auf den ersten Blick sieht die Situation in China gar nicht besonders problematisch aus. China besitzt nach Brasilien, Russland und Kanada die größten Wasservorräte der Welt. Das klingt alles andere als nach einem Problemfall. Aber: Es ist eben nicht die absolute Größe der Wasserressourcen entscheidend, sondern das Verhältnis zur Bevölkerung. So ist China die Nr. 4 bei den Wasserressourcen, aber im riesigen Reich der Mitte leben auch 1,3 Milliarden Menschen.
Das Land beherbergt somit 22% der Weltbevölkerung, besitzt aber nur 7% aller Frischwasserressourcen. Oder anders ausgedrückt:
Die Wasserressourcen von China sind so groß wie die von Kanada, aber die Bevölkerung in China ist um den Faktor 100 größer!
Das macht China laut der UNO zu einem der Länder mit den weltweit niedrigsten Wasserressourcen pro Kopf. Ein Problem ist zudem die ungleiche Wasserverteilung zwischen dem Norden und dem Süden, als deren Trennlinie der Yangtze-Fluss gilt, der mit 6.300 km der längste Fluss und eine der blauen Adern Chinas ist.
Chart
Obwohl im Norden Chinas 45% der Bevölkerung lebt und sich 67% der Anbauflächen befinden, fallen dort nur 20% der Niederschläge. Ein problematisches Ungleichgewicht.
Und dann kommt noch hinzu: Ein großer Teil der Wassser-Ressourcen ist kontaminiert, schätzungsweise ein Viertel der Abwässer wird überhaupt geklärt. Das gilt insbesondere für den Gelben Fluss, der nicht umsonst als die „Lebensader des Nordens“ bezeichnet wird. Doch diese Lebensader ist in den vergangenen Jahren gnadenlos ausgesaugt worden.
Und inzwischen ist der Gelbe Fluss zu gut drei Viertel kontaminiert
Drei Viertel! Auch die weiteren Hauptflüsse im Norden Chinas, die Flüsse Liao, Hai und Huai, sind nicht mehr in der Lage, diesen Ausfall zu kompensieren, da sie selbst teilweise stark verseucht sind. Wie bedrohlich die Lage ist, sehen Sie in China schon daran, dass sich viele offizielle Stellen mit negativen Kommentaren zu der Wasserkrise äußern.
So sagte Zhai Haohui, Vizepräsident des chinesischen Ministeriums für Wasserressourcen in einem Interview: „Die höchste Priorität für Regierungsausgaben sollte auf den Bau von Projekten gelegt werden, die eine Versorgung aller Menschen in ganz China mit sauberem Trinkwasser ermöglicht. Besonders die Millionen von Menschen in den ländlichen Gegenden, die derzeit von verschmutztem Wasser betroffen sind.“ (Beachten Sie hierbei: China besitzt inzwischen ein eigenes Ministerium nur für die Wasserproblematik. Das zeigt Ihnen, wie ernst die Lage ist.)
Der chinesische Umweltminister Pan Yue formulierte die Situation sogar noch dramatischer: „Die größte Sorge mache ich mir um unser Wasser. Wassermangel und Wasserverschmutzung bedrohen die Wirtschaftsentwicklung, die Stabilität der Gesellschaft und die Gesundheit der Menschen.“
Bei diesen beiden Politikern handelt es sich wohlgemerkt nicht um Regimekritiker im Exil – es sind ranghohe Politiker des kommunistischen Machtapparates. Wenn solche hohen politischen Stellen offiziell solche Aussagen treffen, dann wissen Sie: Hier gibt es wirklich ein Problem! Und es wird gehandelt werden, denn sonst würden sich diese Funktionäre gar nicht so weit aus dem Fenster lehnen.
Die chinesische Führung plant konkrete Maßnahmen:
So soll z.B. in Peking die Klärquote von 50% auf 90% steigen, möglichst bis zu den Olympischen Spielen 2008. Und landesweit soll die Klärquote von aktuell rund 25% bis 2010 mindestens verdoppelt werden.
Alles eine sehr erfreuliche Entwicklung. An der wir auch profitieren können: Denn es gibt Unternehmen, welche Profiteure der Milliardeninvestitionen sein werden. Und klar dürfte sein, dass die Aufträge in erster Linie an chinesische Unternehmen gehen werden…
Mein Fazit als Anleger: Ein Aktienkorb (denn „Märkte statt Einzeltitel“!), der 12 asiatische Unternehmen enthält, die zu den wirtschaftlichen Profiteuren dieser Entwicklung gehören werden.
(Wie üblich gilt, Sie wissen es: Ich darf Ihnen diesen Schein hier im Trader´s Daily nicht empfehlen, da ich bereits ihn den zahlenden Abonnenten meines Börsendienstes Derivate Strategie empfohlen habe; da steht er schon leicht im Plus, +6%. Bitte da um Verständnis.)
Beste Grüße,
Michael Vaupel
Antwort auf Beitrag Nr.: 32.092.979 von Lichtstrahlen am 20.10.07 13:05:44Der Kurssteigerung und den riesigen Umsätzen zufolge, sieht es für mich ganz so aus als hätte China Water Group bereits einen dieser Großaufträge in der Tasche. Entsprechende News kann ich aber ebenfalls nicht finden. Waren das alles etwa Insider die hier gekauft haben?
Egal, Hauptsache es geht nach oben.
Egal, Hauptsache es geht nach oben.
Antwort auf Beitrag Nr.: 32.093.333 von strongbayer am 20.10.07 14:42:00na dann wollen wir das BESTE hoffen...
bin seit 0,10€ drin--->
war aber eine lange Zeit sooo richtig schön im roten Bereich!!!!
fast -40%...und dann (gestern) diese Kursexplosion
mal schauen was noch kommt...
war jetzt STUNDEN vor dem Rechner--->
konnte aber rein gar nichts (News) finden!!!!!
falls ich etwas finde...
werd ich es hier reinstellen!
mal schauen was sich nächste Woche bzw. Wochen und Monate ergibt!!!!
bis dahin...
gruß bitte laecheln
bin seit 0,10€ drin--->
war aber eine lange Zeit sooo richtig schön im roten Bereich!!!!
fast -40%...und dann (gestern) diese Kursexplosion
mal schauen was noch kommt...
war jetzt STUNDEN vor dem Rechner--->
konnte aber rein gar nichts (News) finden!!!!!
falls ich etwas finde...
werd ich es hier reinstellen!
mal schauen was sich nächste Woche bzw. Wochen und Monate ergibt!!!!
bis dahin...
gruß bitte laecheln
Total der Hammer! Megaanstieg und es findet sich Nichts???
Hatte die Aktie noch unter altem Namen und wundere mich nun sehr, was das zu beseuten hat.
LG.
Hatte die Aktie noch unter altem Namen und wundere mich nun sehr, was das zu beseuten hat.
LG.
Antwort auf Beitrag Nr.: 32.093.538 von Public_Relations am 20.10.07 15:35:22
Für mich der Megatrent für die kommenden Jahre:
Unternehmen die im Wasserbereich (erfolgreich) tätig sind.
Gruß und schönes Wochenende.
Lichtstrahlen
Für mich der Megatrent für die kommenden Jahre:
Unternehmen die im Wasserbereich (erfolgreich) tätig sind.
Gruß und schönes Wochenende.
Lichtstrahlen
hallo
glaube nicht das der kursanstieg auf den bericht china und das wasser kommt.
da der preis der aktie im amiland gamacht wird und in deutschland nur angepasst wird.
gibt es eigentlich eine internetseite von china water.
gruß
glaube nicht das der kursanstieg auf den bericht china und das wasser kommt.
da der preis der aktie im amiland gamacht wird und in deutschland nur angepasst wird.
gibt es eigentlich eine internetseite von china water.
gruß
Ich beobachte den Wert hier auch schon lange, aber was gerade abgeht ist mir rätselhaft
Ich bin hier nicht investiert, aber was nicht ist, kann ja noch werden
Lars
Ich bin hier nicht investiert, aber was nicht ist, kann ja noch werden
Lars
tja, habe das Teil schon lange abgeschrieben, welch Überraschung, es gabt sogar noch einen after hour trade und der Kurs steht jetzt bei 0.25 USD....aber keine News, kein Info - rein gar nix...mal schauen was kommt...sonst krieg ich wenigstens ne Chance meine Verluste mal abzustossen...
Antwort auf Beitrag Nr.: 32.096.801 von e39 am 21.10.07 12:13:09
Hallo,
über sec.gov/edgar habe ich folgende Info gefunden:
Dateityp Date Datum % Own Eigene% Filer/Issuer Filer / Emittent Subject Company Betreff Firma Ticker # shrs # Shrs # optn # Optn
Neue 5% 2007-10-16 2007-10-16 9.4% 9,4% VISION CAPITAL ADVISORS, LLC VISION CAPITAL ADVISORS, LLC CHINA WATER GROUP, INC. CHINA Wasser GROUP, INC
Neue 5% 2006-12-12 2006-12-12 42.3% 42,3% PU CHONG LIANG PU CHONG LIANG CHINA WATER GROUP, INC. CHINA Wasser GROUP, INC
Neue 5% 2006-02-27 2006-02-27 9.5% 9,5% VISION
OPPORTUNITY MASTER FUND Vision Gelegenheit MASTER Fonds CHINA EVERGREEN ENVIRONMENTAL CHINA EVERGREEN ENVIRONMENTAL
Über Vision Capital Advisors, LLC
Vision Capital Advisors, LLC is an SEC-registered investment adviser. Vision Capital Advisors, LLC ist ein SEC registrierte Anlageberater. Vision Capital Advisors, LLC specializes in making value-oriented investments in fundamentally strong small public companies in the US and abroad. Vision Capital Advisors, LLC ist spezialisiert auf die wertorientierte Investitionen in kleinen grundlegend starken öffentlichen Unternehmen in den USA und im Ausland.
Hallo,
über sec.gov/edgar habe ich folgende Info gefunden:
Dateityp Date Datum % Own Eigene% Filer/Issuer Filer / Emittent Subject Company Betreff Firma Ticker # shrs # Shrs # optn # Optn
Neue 5% 2007-10-16 2007-10-16 9.4% 9,4% VISION CAPITAL ADVISORS, LLC VISION CAPITAL ADVISORS, LLC CHINA WATER GROUP, INC. CHINA Wasser GROUP, INC
Neue 5% 2006-12-12 2006-12-12 42.3% 42,3% PU CHONG LIANG PU CHONG LIANG CHINA WATER GROUP, INC. CHINA Wasser GROUP, INC
Neue 5% 2006-02-27 2006-02-27 9.5% 9,5% VISION
OPPORTUNITY MASTER FUND Vision Gelegenheit MASTER Fonds CHINA EVERGREEN ENVIRONMENTAL CHINA EVERGREEN ENVIRONMENTAL
Über Vision Capital Advisors, LLC
Vision Capital Advisors, LLC is an SEC-registered investment adviser. Vision Capital Advisors, LLC ist ein SEC registrierte Anlageberater. Vision Capital Advisors, LLC specializes in making value-oriented investments in fundamentally strong small public companies in the US and abroad. Vision Capital Advisors, LLC ist spezialisiert auf die wertorientierte Investitionen in kleinen grundlegend starken öffentlichen Unternehmen in den USA und im Ausland.
Antwort auf Beitrag Nr.: 32.096.851 von Lichtstrahlen am 21.10.07 12:24:29außerdem.....
Veranstaltungen
31.10.2007 - 03.11.2007 | Suzhou, VR China
Water Expo China 2007
Initiiert vom Ministry of Water Resources, und mit Unterstützung zahlreicher Institutionen, Gremien und Verbände auf Landes- oder kommunaler Ebene, findet die Water Expo China 2007 bereits zum fünften Mal statt. Auf der Vorjahresveranstaltung präsentierten sich rund 130 Aussteller aus dem In- und Ausland ca. 10.000 Fachbesuchern und einem allgemeinen Publikum von etwa 26.000. Der im Rahmen der Messe stattfindende Chinesische Wassergipfel konnte rund 200 internationale Teilnehmer zählen und wird 2007 seine zweite Auflage erfahren. Zudem ist der Jahreskongress der Chinese Hydraulic Engineering Society in das Programm der Water Expo 2007 integriert und wird weitere fachkundige Besucher nach Suzhou locken.
Der Wirtschaftsboom in China ist weltweit ohne Vergleich. Seit 1978 beeindruckt das "Reich der Mitte" mit durchschnittlichen Wachstumsraten des Bruttoinlandsprodukts von 9,5%. Noch vor den USA zieht China im weltweiten Vergleich die meisten ausländischen Direktinvestitionen an - über 72 Milliarden US-Dollar in 2005 - und belegt im Ranking der wichtigsten Handelsnationen mit einem Außenhandelsvolumen von 1,43 Billiarden US-Dollar mittlerweile den dritten Rang. DieDynamik, mit der sich fast alle Wirtschaftszweige entwickeln, ist international beispiellos.
Allerdings fordert diese Entwicklung auch ihren Tribut. Das rasante Wachstum der chinesischen Städte stellt die lokalen Wasserver- und Abwasserentsorger vor riesige Herausforderungen. Mit einer Pro-Kopf-Versorgung von weniger als 1.900 m³ zählt das bevölkerungsreichste zugleich zu den wasserärmsten Ländern der Welt. Ein Viertel der Stadt-, und 80% der Landbevölkerung haben keinen Anschluss an die direkte Wasserversorgung. Zudem sind Schätzungen zufolge rund 90% der Wasserressourcen der Volksrepublik verschmutzt. Um mit der Wirtschaftsentwicklung Schritt halten zu können und um dem sprunghaft gestiegenen Lebensniveau in Chinas Städten gerecht zu werden, sind immense Investitionen nötig. Nach Angaben des Ministry of Construction rund 30 Milliarden Euro allein für den Ausbau der Wasserver- und -entsorgung (inkl. Rohr- und Kanalisationssysteme) bis 2010. ...........
Meine Meinung:
Die Menschheit ist tausende von Jahren ohne Öl ausgekommen.
Ohne Wasser können wir nur wenige Tage leben.
Für Öl finden wir in Zukunft Ersatz.
Wür Wasser nicht.
Gruß
Lichtstrahlen
Veranstaltungen
31.10.2007 - 03.11.2007 | Suzhou, VR China
Water Expo China 2007
Initiiert vom Ministry of Water Resources, und mit Unterstützung zahlreicher Institutionen, Gremien und Verbände auf Landes- oder kommunaler Ebene, findet die Water Expo China 2007 bereits zum fünften Mal statt. Auf der Vorjahresveranstaltung präsentierten sich rund 130 Aussteller aus dem In- und Ausland ca. 10.000 Fachbesuchern und einem allgemeinen Publikum von etwa 26.000. Der im Rahmen der Messe stattfindende Chinesische Wassergipfel konnte rund 200 internationale Teilnehmer zählen und wird 2007 seine zweite Auflage erfahren. Zudem ist der Jahreskongress der Chinese Hydraulic Engineering Society in das Programm der Water Expo 2007 integriert und wird weitere fachkundige Besucher nach Suzhou locken.
Der Wirtschaftsboom in China ist weltweit ohne Vergleich. Seit 1978 beeindruckt das "Reich der Mitte" mit durchschnittlichen Wachstumsraten des Bruttoinlandsprodukts von 9,5%. Noch vor den USA zieht China im weltweiten Vergleich die meisten ausländischen Direktinvestitionen an - über 72 Milliarden US-Dollar in 2005 - und belegt im Ranking der wichtigsten Handelsnationen mit einem Außenhandelsvolumen von 1,43 Billiarden US-Dollar mittlerweile den dritten Rang. DieDynamik, mit der sich fast alle Wirtschaftszweige entwickeln, ist international beispiellos.
Allerdings fordert diese Entwicklung auch ihren Tribut. Das rasante Wachstum der chinesischen Städte stellt die lokalen Wasserver- und Abwasserentsorger vor riesige Herausforderungen. Mit einer Pro-Kopf-Versorgung von weniger als 1.900 m³ zählt das bevölkerungsreichste zugleich zu den wasserärmsten Ländern der Welt. Ein Viertel der Stadt-, und 80% der Landbevölkerung haben keinen Anschluss an die direkte Wasserversorgung. Zudem sind Schätzungen zufolge rund 90% der Wasserressourcen der Volksrepublik verschmutzt. Um mit der Wirtschaftsentwicklung Schritt halten zu können und um dem sprunghaft gestiegenen Lebensniveau in Chinas Städten gerecht zu werden, sind immense Investitionen nötig. Nach Angaben des Ministry of Construction rund 30 Milliarden Euro allein für den Ausbau der Wasserver- und -entsorgung (inkl. Rohr- und Kanalisationssysteme) bis 2010. ...........
Meine Meinung:
Die Menschheit ist tausende von Jahren ohne Öl ausgekommen.
Ohne Wasser können wir nur wenige Tage leben.
Für Öl finden wir in Zukunft Ersatz.
Wür Wasser nicht.
Gruß
Lichtstrahlen
hallo
im amiland ist gerade der kurs wieder gestiegen.
Aktueller Kurs (NASDAQ Other OTC, 22.10.2007, 20:55:16) Hoch/Tief Volumen
0,30 USD Vortag Eröff. Tag 52-Wochen letztes gesamt
+0,06 +22,45% 0,24 0,26 0,32 0,18 0,28 0,07 10.000 6.665.114
also 0,3 usd enstpricht etwa 0,21 euro
gruß
im amiland ist gerade der kurs wieder gestiegen.
Aktueller Kurs (NASDAQ Other OTC, 22.10.2007, 20:55:16) Hoch/Tief Volumen
0,30 USD Vortag Eröff. Tag 52-Wochen letztes gesamt
+0,06 +22,45% 0,24 0,26 0,32 0,18 0,28 0,07 10.000 6.665.114
also 0,3 usd enstpricht etwa 0,21 euro
gruß
Antwort auf Beitrag Nr.: 32.113.637 von hala001 am 22.10.07 21:12:47Kannst du die Adresse hier mal reinstellen?
Danke im Vorraus!!
mfg
Burnnny
Danke im Vorraus!!
mfg
Burnnny
Beitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Meistdiskutiert
Wertpapier | Beiträge | |
---|---|---|
229 | ||
74 | ||
73 | ||
72 | ||
68 | ||
48 | ||
43 | ||
40 | ||
34 | ||
24 |
Wertpapier | Beiträge | |
---|---|---|
20 | ||
18 | ||
17 | ||
16 | ||
16 | ||
16 | ||
15 | ||
15 | ||
15 | ||
14 |