China Sun Group High-Tech Co (PK:CSGH)
Business Focus: Batteries & Uninterruptable Power supplies
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | 1 Hutan Street, Zhongshan District DALIAN LIA 116015 |
| Tel: | N/A |
| Website: | www.chinasungrouphightech.com |
| IR: | See website |
| Key People | ||
| Bin Wang Chairman of the Board | Guosheng Fu President, Chief Executive Officer | |
| Business Overview |
| China Sun Group High-Tech Co. (CSGH) through its operating subsidiaries, is engaged in the production of cobaltosic oxide and lithium cobalt oxide, both anode materials for lithium ion batteries. The Company provides a range of cobalt products, such as battery cobalt carbonate, nano-level cobaltosic oxide and high-crystallinity ball lithium cobalt oxide. Its products are cobaltosic oxide (Co3O4) and lithium iron phosphate (LiFePo4). During the fiscal year ended May 31, 2010 (fiscal 2010), it began producing lithium iron phosphate and planned to convert five of its twelve production lines to the production of lithium iron phosphate. As of May 31, 2010, the Company had seven production lines for the production of cobaltosic oxide and lithium cobalt oxide and five production lines for the production of lithium iron phosphate. As of May 31, 2010, the Company's subsidiaries included Dalian Xin Yang Hi-Tech Development Co. and Dalian Xinyang High-Tech Development Co. Ltd (DLXY). |
| Financial Overview |
| For the nine months ended 29 February 2012, China Sun Group High-Tech Co revenues decreased 11% to $33.5M. Net income increased 20% to $7.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Interest income increase of 42% to $54K (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.11 to $0.13. |
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