China BAK Battery Inc. (CBAK, Financial) filed Annual Report for the period ended 2010-09-30.
China Bak Battery Inc. has a market cap of $110 million; its shares were traded at around $1.73 with and P/S ratio of 0.5.
As we expand our production capacity and add other lithium-ion battery cell product lines in response to evolving market demands, we have derived and will continue to derive an increasing portion of our revenues from our other product lines. Since the beginning of the fiscal year ended September 30, 2010, these other products included cylindrical cells, high-power lithium battery cells, and lithium polymer cells. We generated revenues of $245.3 million, $211.1 million, and $214.8 million in the years ended September 30, 2008, 2009 and 2010, respectively, and net loss of $7.9 million, $14.0 million and $32.8 million during the same periods, respectively.
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China Bak Battery Inc. has a market cap of $110 million; its shares were traded at around $1.73 with and P/S ratio of 0.5.
Highlight of Business Operations:
BAK Canada are to BAK Battery Canada Ltd., a Canadian company and an indirect, wholly owned subsidiary of the Company; BAK Electronics are to BAK Electronics (Shenzhen) Co., Ltd., a PRC company and an indirect, wholly owned subsidiary of the Company; BAK Europe are to BAK Europe GmbH, a German company and an indirect, wholly owned subsidiary of the Company; BAK India are to BAK Telecom India Private Limited, an Indian company and an indirect, wholly owned subsidiary of the Company partly owned through a nominee agreement with one of BAK Internationals employees; BAK International are to BAK International Limited, a Hong Kong company and a wholly owned subsidiary of the Company; BAK Tianjin are to BAK International (Tianjin) Ltd., a PRC company and an indirect, wholly owned subsidiary of the Company; Exchange Act are to the Securities Exchange Act of 1934, as amended; and PRC and China are to the Peoples Republic of China; RMB are to Yuan Renminbi of China; SEC and Commission are to the U.S. Securities and Exchange Commission; Securities Act are to the Securities Act of 1933, as amended. Shenzhen BAK are to Shenzhen BAK Battery Co., Ltd., a PRC company and an indirect, wholly owned subsidiary of the Company; U.S. dollar, $ and US$ are to United States dollars; Special Note Regarding Forward Looking StatementsAs we expand our production capacity and add other lithium-ion battery cell product lines in response to evolving market demands, we have derived and will continue to derive an increasing portion of our revenues from our other product lines. Since the beginning of the fiscal year ended September 30, 2010, these other products included cylindrical cells, high-power lithium battery cells, and lithium polymer cells. We generated revenues of $245.3 million, $211.1 million, and $214.8 million in the years ended September 30, 2008, 2009 and 2010, respectively, and net loss of $7.9 million, $14.0 million and $32.8 million during the same periods, respectively.
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