Company Profile:
Advanced Battery Technologies (ABAT) manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries, which are used in mine lamps, electric automobiles, motorcycles, cell phones, notebook computers, walkie-talkies and personal digital assistance devices. PLI batteries are superior to traditional rechargeable batteries and are leak resistant, less energy dense, environmentally friendly, with high design flexibility, which allows the company to produce a battery as thin as 0.5 mm. The company is headquartered and operates primarily in China.
ABAT is a holding company and is involved in the business of PLI batteries through its subsidiaries, Cashtech Investment Limited (Cashtech) and Heilongjiang Zhong Qiang Power-Tech Co., Ltd. (ZQ Power-Tech). ZQ Power-Tech is a company based in People’s Republic of China in which, Cashtech owns 100% interest.
Sales:
|
2003 |
2004 |
2005 |
2006 |
2007 |
TTM |
|
|
Sales $Mil |
0 |
1 |
4 |
16 |
32 |
37 |
|
Operating Income $Mil |
0 |
-2 |
0 |
7 |
10 |
13 |
|
|
— |
— |
— |
-1 |
0 |
1 |
|
|
0 |
-2 |
0 |
8 |
10 |
13 |
|
Earnings/Share $ |
0.00 |
-0.23 |
-0.01 |
0.17 |
0.22 |
0.27 |
|
EPS (Cont Ops) $ |
0.00 |
-0.20 |
0.00 |
0.20 |
0.20 |
0.30 |
|
Dividends/Share $ |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Shares Mil |
1 |
17 |
37 |
47 |
47 |
49 |
Quarterly Income:
|
Sales |
06-07 |
09-07 |
12-07 |
03-08 |
|
Current $Mil |
8.0 |
9.0 |
10.0 |
10.0 |
|
% Change From Year Earlier |
142.40 |
111.60 |
95.30 |
87.00 |
|
|
||||
|
Current $Mil |
3.0 |
4.0 |
2.0 |
4.0 |
|
% Change From Year Earlier |
474.60 |
260.30 |
26.90 |
187.60 |
|
Earnings/Share |
||||
|
Current $ |
0.07 |
0.07 |
0.06 |
0.08 |
|
% Change From Year Earlier |
600.00 |
250.00 |
29.40 |
166.70 |
Free Cash Flow (in $Millions):
|
2005 |
2006 |
2007 |
TTM |
|
-1 |
4 |
1 |
9 |
|
3 |
0 |
0 |
0 |
|
-3 |
4 |
1 |
8 |
Profitability:
|
PROFIT MARGINS |
2003 |
2004 |
2005 |
2006 |
2007 |
2007 Q1 |
2007 Q2 |
2007 Q3 |
2007 Q4 |
2008 Q1 |
TTM |
|
Gross Margin |
- |
31.9 |
32.9 |
55.0 |
43.4 |
48.5 |
47.7 |
46.4 |
35.5 |
50.2 |
44.7 |
|
EBIT Margin |
-6,000.0 |
-204.2 |
3.3 |
45.2 |
31.9 |
25.0 |
42.6 |
41.9 |
19.8 |
44.6 |
36.6 |
|
EBT Margin |
-6,100.0 |
-205.0 |
.2 |
43.7 |
32.0 |
25.0 |
42.6 |
42.0 |
19.8 |
44.7 |
36.6 |
|
Net Margin |
-6,100.0 |
-205.0 |
.2 |
49.2 |
32.0 |
25.0 |
42.6 |
42.0 |
19.8 |
38.4 |
34.9 |
|
Tax Rate |
0.0% |
0.0% |
0.0% |
-12.8% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
14.1% |
4.7% |
|
Payout Ratio |
- |
- |
- |
- |
- |
- |
- |