China Energy profitiert vom steigenden Kohlepreis
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09:50 16.11.10
Endingen (aktiencheck.de AG) - Die Experten von "Emerging Markets Investor" habe die Aktie von China Energy (Profil) in ihr Musterdepot aufgenommen.
In den ersten neun Monaten des laufenden Geschäftsjahres habe der Umsatz um 222% auf 62 Mio. USD angezogen und der Nettogewinn sei von 2 auf 12,7 Mio. USD geklettert. Das EPS habe sich auf 0,10 USD belaufen und lege man kein weiteres Wachstum zu Grunde, käme man somit aufs Jahr gerechnet auf einen Gewinn je Aktie von 0,40 USD. Bei aktuellen Kursen um 2 USD ergebe sich daraus ein günstiges KGV von 5. Da jedoch das Management weiterhin ein deutliches Wachstum in Aussicht gestellt habe, sollte das nächstjährige KGV bei 3,5 oder noch niedriger liegen.
Die Experten von "Emerging Markets Investor" nehmen die Aktie von China Energy umgehend in ihr Musterdepot auf. (Ausgabe 22 vom 15.11.2010) (16.11.2010/ac/a/a)
Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.
Quelle: Aktiencheck
China Energy betreibt eine Kohlemine und ein Heiz- Stromkraftwerk in der Mongolei. http://www.ceccec.com/en/
Angesichts des Hypes bei Prophecy Recources, die jüngst Produzent einer Kohlemine in der Mongolei geworden sind, ist China Energy bereits erfolgreich tätig.
Mein Kursziel für die nächsten sechs Monate sind 4$.
China Energy Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2010; Reaffirms Earnings Guidance for the Fiscal Year Ending November 30, 2010
10/18/2010
China Energy Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2010. For the third quarter, the company reported revenue of $21,152,260, a 112% increase over revenue of $9,962,620 in the third quarter of fiscal year 2009. Income from operations was $6,367,347 compared to $355,407 a year ago. Income before income taxes was $6,069,249 compared to $16,999 a year ago. Net income was $4,298,895, or $0.10 per diluted share, compared to a net loss of $456,369, or $0.01 loss per diluted share in the third quarter of fiscal year 2009. Third quarter of 2010 net income included a one-time $3.3 million government subsidy, which did not occur in the third quarter of 2009. For the nine months, the company reported revenue of $62,404,876, a 222% increase over revenue of $19,425,386 in the same period of fiscal year 2009. Income from operations was $17,813,531 compared to loss from operations of $574,315 a year ago. Income before income taxes was $17,251,599 compared to loss before income taxes of $1,506,508 a year ago. Net income was $12,725,653, or $0.28 per basic and diluted share, compared to a net loss of $1,955,286, or $0.04 loss per basic and diluted share in the same period in fiscal year 2009. The company generated $9,810,623 in cash from operations against $299,729 in the same period of fiscal year 2009 due to higher income from operations and lower term deposit requirements. Purchase of property, plant and equipment was $5,041,280 compared to $5,314,241 a year ago. The company reaffirms its previously reported fiscal year guidance, and anticipates reporting between $17 million and $18 million in net income for its fiscal year ending November 30, 2010. The midpoint of this range represents an increase of 243% from fiscal year 2009. The company anticipates sales of its Coal Group, which includes coal mining and sales as well as coal trading, will represent approximately 80% to 90% of revenues during 2010. The Company also expects higher levels of sales from the Heat Power group due to a 29% increase in coverage area of the Company's heating operations and an increase in the volume of electricity sold by its electric power operations. The company reaffirms its previously reported fiscal year guidance, and anticipates reporting between $17 million and $18 million in net income for its fiscal year ending November 30, 2010. The midpoint of this range represents an increase of 243% from fiscal year 2009. The company anticipates sales of its Coal Group, which includes coal mining and sales as well as coal trading, will represent approximately 80% to 90% of revenues during 2010. The company also expects higher levels of sales from the Heat Power group due to a 29% increase in coverage area of the company's heating operations and an increase in the volume of electricity sold by its electric power operations.
China Energy Seeks Acquisitions
10/18/2010
China Energy Corp. is seeking acquisitions for growth and expansion. "Due to our expanded production capacity and the efficiency of our long wall mining equipment, we expect revenue from coal production to remain robust, and expect incremental growth from our proprietary coal trading operation as we have been granted additional quota for space on trains from the local railway bureau. Additionally, our momentum, financial strength, existing infrastructure, and proximity to additional coal resources in the region position the Company for expansion through potential acquisitions. We also expect the continued development of the XueJiaWan district to fuel growth in our Heat Power segment," stated WenXiang Ding, Chief Executive Officer and President.
China Energy Corp. Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended May 31, 2010; Reaffirms Earnings Guidance for the Fiscal Year Ending November 30, 2010
http://investing.businessweek.com/research/stocks/...p?ticker=CHGY:US
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By: Elisabeth Rosenthal
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Even as developed countries close or limit the construction of coal-fired power plants out of concern over pollution and climate-warming emissions, coal has found a rapidly expanding market elsewhere: Asia, particularly China.
At ports in Canada, Australia, Indonesia, Colombia and South Africa, ships are lining up to load coal for furnaces in China, which has evolved virtually overnight from a coal exporter to one of the world’s leading purchasers.
Coal Plant
Nati Harnik / AP
The United States now ships coal to China via Canada, but coal companies are scouting for new loading ports in Washington State. New mines are being planned for the Rockies and the Pacific Northwest. Indeed, some of the world’s more environmentally progressive regions are nascent epicenters of the new coal export trade, creating political tensions between business and environmental goals.
Traditionally, coal is burned near where it is mined — particularly so-called thermal or steaming coal, used for heat and electricity. But in the last few years, long-distance international coal exports have been surging because of China’s galloping economy, which now burns half of the six billion tons of coal used globally each year.
As a result, not only are the pollutants that developed countries have tried to reduce finding their way into the atmosphere anyway, but ships chugging halfway around the globe are spewing still more.
And the rush to feed this new Asian market has helped double the price of coal over the past five years, leading to a renaissance of mining and exploration in many parts of the world.
“This is a worst-case scenario,” said David Graham-Caso, spokesman for the Sierra Club, which estimates that its “Beyond Coal” campaign has helped to block 139 proposed coal plants in the United States over the last few years. “We don’t want this coal burned here, but we don’t want it burned at all. This is undermining everything we’ve accomplished.”
In Australia, environmental groups have repeatedly halted trainloads of coal headed to the export docks at Newcastle this fall, and flotillas of kayaking protesters have delayed cargo pickups by Asia-bound coal ships.
Julia Gillard, Australia’s newly elected prime minister, promised during her campaign to “put a price on carbon” — in other words, make companies pay in some way for excessive carbon dioxide emissions. But environmentalists say that such laws will be meaningless if the country continues its nascent coal rush and “exports global warming to the world,” as one group, Rising Tide Australia, puts it.
http://www.cnbc.com/id/40308897
Published: Tuesday, 1 Mar 2011 | 7:31 AM ET
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HOHHOT CITY, China,, March 1, 2011 /PRNewswire via COMTEX/ -- China Energy Corporation (OTC Bulletin Board: CHGY), ("China Energy" or the "Company"), a producer and trader of coal for domestic heating, electrical generation, and coking purposes and a supplier of heating and electric energy services in Inner Mongolia, today announced financial results for the fourth quarter and fiscal year ended November 30, 2010.
Summary Financials FY 2010 Year End Results USD FY 2010 FY 2009 Change Sales $88.0 million $43.3 million +103.2% Gross Profit $33.9 million $14.0 million +142.1% Net Income $17.6 million $5.1 million +245.1% EPS (fully diluted) $0.39 $0.11 +254.5% Fourth Quarter Results (3 months ended November 30) USD FY 2010 FY 2009 Change Sales $25.6 million $23.9 million +7.1% Gross Profit $9.9 million $11.3 million (12.4%) Net Income $4.9 million $7.1 million (31.0%) EPS (fully diluted) $0.11 $0.16 (31.3%) Revenues for fiscal 2010 fourth quarter ended November 30 totaled $25.6 million, an increase of approximately 7.1% over $23.9 million reported in the same year ago period. China Energy produced and sold approximately 221,841 metric tons of coal at an average price of $49.4, compared to 295,168 metric tons at an average price of $39.1 in the fourth quarter of fiscal year 2009. Currently, China Energy has the capacity to produce up to 800,000 metric tons annually.
Gross profit decreased 12.4% to $9.9 million, with gross margin of 38.7% compared to 47.3% in the fourth quarter of 2009.
During the first three quarters of 2009, the Company did not have normal coal production while the long wall extraction machinery was being installed. When full production resumed in the fourth fiscal quarter, the Company ramped output above normal thresholds to make up for the shortfall which created an exceptionally strong quarter from an earnings perspective and higher margins.
Net income for the fourth quarter of fiscal year 2010 was $4.9 million, or $0.11 per diluted share, compared to $7.1 million, or $0.16 per diluted share, in the fourth quarter of fiscal year 2009. The effective tax rate was 26.0% compared to 19.7% for each respective period.
Fiscal Year 2010 Financial Results For the year ended November 30, 2010, the Company reported revenue of $88.0 million, an increase of 103.2% over revenue of $43.3 million generated in 2009.
For fiscal 2010, revenue from the coal group increased 121.2% to $71.0 million, and represented 80.7% of total sales, compared to $32.1 million, or 74.1% of total sales in fiscal year 2009. As a component of this, 39.4% of total company sales came from coal trading, and 41.3% came from coal production during fiscal year 2010. China Energy produced and sold 820.3 thousand tons of coal in 2010, a 80.9% increase from the 453.4 thousand tons in 2009, which mostly occurred during the fourth quarter. Average sales price of coal during fiscal year 2010 was $44.2 per ton, compared to $37.4 per ton in fiscal year 2009.
Revenue from the heat power group totaled $17.0 million, or 19.3% of total sales, in fiscal 2010, compared to $11.2 million, or 25.9% of total sales in fiscal year 2009. Higher revenues in this segment were due to an increase in the coverage area of Heat Power's operations of over 19%.
"We were able to report significant growth across each of our businesses," stated WenXiang Ding, chief executive officer and president. "We successfully ramped production at our Laiyegou mine, as well as capitalized on our expanded quota from the railway bureau to accelerate our coal trading volumes. Continued strong demand for energy and electricity provide both diversification and another conduit for incremental growth in 2011. As consolidation across our industry accelerates we continue to evaluate opportunities to expand our mining assets." Cost of goods sold for fiscal year 2010 was approximately $54.1 million, compared to approximately $29.3 million for fiscal year 2009. Gross profit was $33.9 million and gross margins were 38.5% in 2010, compared to $14.0 million in gross profit and gross margins of 32.3% during 2009. The increase in overall gross profit margin was primarily attributable to the improvement of the gross profit margin of the Company's coal trading business which experienced a 1400 basis points margin improvement year-over-year. The Company benefited from the ability to sell coal at higher open market prices at the port. Heat Power benefited from a 275.2% increase in government subsidies to compensate for lower government regulated heat price and higher cost of coal.
Operating expenses for fiscal year 2010 were approximately $9.3 million, compared to $5.5 million in 2009. Selling and marketing expenses in fiscal year 2010 were $5.5 million compared to $2.2 million in 2009, which was driven by the increase of transportation and storage costs necessary to support the coal trading business. General and administration expenses totaled $3.8 million and $3.3 million in the respective periods.
Net income for fiscal year 2010 totaled approximately $17.6 million, or $0.39 per diluted, share, compared to approximately $5.1 million, or $0.11 per diluted share, in fiscal year 2009. A total of 45 million shares were utilized in the calculations for both years. Net income margins were 20.0% and 11.8% for fiscal years 2010 and 2009, respectively. The effective tax rate was 26.2% and 29.9% in fiscal 2010 and 2009, respectively.
Balance Sheet and Cash Flow Cash and equivalents and restricted cash totaled $4.6 million on November 30, 2010 compared to $5.1 million on November 30, 2009. The Company had total stockholders' equity of $52.0 million, with total assets of $103.3 million versus total liabilities of $51.3 million on November 30, 2010. For fiscal year 2010, the Company generated $17.9 million in cash from operations versus $13.2 million in fiscal year 2009.
About China Energy Corporation China Energy Corporation is a producer and trader of coal for domestic heating, electrical generation and coking purposes for steel production primarily in the People's Republic of China. The Company produces coal through its subsidiary Inner Mongolia Tehong Coal Group Co, Ltd. ("Coal Group") and supplies heating and electricity requirements throughout the XueJiaWan district through its subsidiary Inner Mongolia Zhunger Heat Power Co., Ltd. ("Heat Power"). Through Heat Power, China Energy operates a thermoelectric plant and 32 heat transfer stations located in XueJiaWan, Ordos City in which the Company has a monopoly for heating supply granted to the Company by the local government. For additional information on China Energy Corporation see http://www.ceccec.com .
Cautionary Statement Regarding Forward-Looking Information This press release may contain certain "forward-looking statements" relating to the business of China Energy Corporation, and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the proceeds from the private placement on the Company's short term business and operations, the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov) For more information, please contact:
Company: Alex (Yuan) Gong, Chief Financial Officer Tel: +86-10-5203-6900 Email: alexgong08@gmail.com
Investor Relations: HC International, Inc. Ted Haberfield, Executive VP Tel: +1-760-755-2716 Email: thaberfield@hcinternational.net
CHINA ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Income And comprehensive income FOR THE YEARS ENDED NOVEMBER 30, 2010 AND 2009
2010 2009
Revenues $ 88,045,275 $ 43,348,078 Cost of revenues 54,118,119 29,357,944
----------------------------- -------------------------------------------------- Gross profit 33,927,156 13,990,134
----------------------------- --------------------------------------------------
Operating expenses:
Selling and marketing 5,509,682 2,207,042 General and administrative 3,816,461 3,256,729
----------------------------- -------------------------------------------------- Total operating expenses 9,326,143 5,463,771
----------------------------- --------------------------------------------------
Income from operations 24,601,013 8,526,363
Other income and expenses:
Finance expenses, net (1,619,552) (793,670) Non-operating income 1,056,502 510,565 Non-operating expenses (206,387) (955,648)
-----------------------------
Income before income taxes 23,831,576 7,287,610
Provision for income taxes (6,236,416) (2,181,391)
-----------------------------
Net income $ 17,595,160 $ 5,106,219
----------------------------- --------------------------------------------------
Other comprehensive income:
Foreign currency translation adjustment 1,010,025 43,559
----------------------------- -------------------------------------------------- Total comprehensive income $ 18,605,185 $ 5,149,778
Net income per common share
basic and diluted $ 0.39 $ 0.11
Weighted average common shares outstanding
basic and diluted 45,000,000 45,000,000
CHINA ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
November 30,
-----------------------------
2010 2009
ASSETS
Current assets:
Cash and cash equivalents
$ 4,580,540 $ 5,073,645 Accounts receivables, net of allowance for doubtful accounts of $54,747
5,748,007 4,600,667 and $120,853, respectively
Other receivables
4,091,867 4,447,272 Advance to suppliers
4,516,324 5,511,630 Inventories
3,248,605 5,574,465 Total current assets
22,185,343 25,207,679
------------- -------------
Fixed assets, net
57,607,500 47,326,294
Other assets:
Investment property, net of accumulated depreciation of $288,735 and $166,172, respectively 4,350,739 1,936,278 Mining right, net of amortization of $1,133,133 and $787,417, respectively
3,387,551 3,627,642 Restricted cash
546,048 149,898 Other long term assets
560,250 450,021 Notes receivable
14,679,099 7,913,100 Total other assets
23,523,687 14,076,939
TOTAL ASSETS
$ 103,316,530 $ 86,610,912
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short term bank loans
$ 9,599,520 $ 12,012,012 Accounts payable
16,000,738 10,757,128 Advance from customers
5,278,848 12,125,187 Accrued liabilities
374,530 325,539 Other payables
2,838,663 1,120,169 Shareholder loans
8,772,316 9,972,279 Current portion of deferred income
1,044,326 822,930
------------- ------------- Total current liabilities
43,908,941 47,135,244
------------- -------------
Non-current liabilities
Deferred income
7,451,567 6,224,033
------------- -------------
Total liabilities
51,360,508 53,359,277
------------- -------------
Stockholders' equity:
Common stock: authorized 200,000,000 shares of $0.001 par value;
45,000 45,000 45,000,000 shares issued and outstanding
Additional paid-in capital
9,070,007 8,970,805 Retained earnings
29,642,370 12,542,081 Statutory reserves
8,573,636 8,078,765 Accumulated other comprehensive income
4,625,009 3,614,984
------------- ------------- Total stockholders' equity
51,956,022 33,251,635
------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 103,316,530 $ 86,610,912
SOURCE China Energy Corporation www.prnewswire.com Copyright (C) 2011 PR Newswire. All rights reserved -0- KEYWORD: China INDUSTRY KEYWORD: OIL
UTI
MIN
MNG SUBJECT CODE: ERN
Quelle: http://www.cnbc.com/id/41845455
Habe nochmal nachgelegt.
gelesen und dacher mir...viel zu billig der Wert. Beim genauen hinsehen, wird aber ein Jahresergebnis, voll verwässert von nur 0,11 USD angegeben....warum so nieidirg?
Gbane die noch die Möglichkeit ihre Aktienzahl zu verdreifachen??