China Precision Steel Inc (CPSL) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
8TH FLOOR, TEDA BUILDING HONG KONG, 000 |
| State of Incorp. | CO |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2014 Q2 | 9/30/2014 Q1 | 6/30/2014 Q4 | 3/31/2014 Q3 | 12/31/2013 Q2 | 9/30/2013 Q1 | 6/30/2013 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 45 | 74 | 485 | 332 | 135 | 66 | 75 | ||
| Cash and cash equivalents | 45 | 74 | 485 | 332 | 135 | 66 | 75 | ||
| Receivables | 42 | 298 | 42 | 32 | 50 | 24,264 | 94 | ||
| Inventory, net of allowances, customer advances and progress billings | 9,269 | 10,051 | 10,344 | 13,728 | 15,325 | 16,560 | 15,837 | ||
| Inventory | 9,269 | 10,051 | 10,344 | 13,728 | 15,325 | 16,560 | 15,837 | ||
| Prepaid expense | 114 | 131 | 152 | 172 | 269 | 326 | 468 | ||
| Advances on inventory purchases | 917 | 2,416 | 5,627 | 9,010 | 10,833 | 11,560 | 9,305 | ||
| Other undisclosed current assets | 4,940 | 4,747 | 5,599 | 8,607 | 24,977 | 1,109 | 30,522 | ||
| Total current assets: | 15,328 | 17,716 | 22,249 | 31,881 | 51,589 | 53,885 | 56,301 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 48,649 | 51,534 | 53,344 | 54,020 | 57,744 | 59,289 | 61,367 | ||
| Intangible assets, net (including goodwill) | 1,915 | 1,946 | 1,939 | 1,945 | 2,007 | 1,998 | 2,004 | ||
| Goodwill | 100 | 100 | 100 | 100 | 100 | 100 | 100 | ||
| Intangible assets, net (excluding goodwill) | 1,815 | 1,846 | 1,839 | 1,845 | 1,907 | 1,898 | 1,904 | ||
| Other undisclosed noncurrent assets | 412 | 327 | 322 | 293 | 296 | 280 | 256 | ||
| Total noncurrent assets: | 50,977 | 53,807 | 55,605 | 56,258 | 60,046 | 61,567 | 63,626 | ||
| TOTAL ASSETS: | 66,305 | 71,523 | 77,855 | 88,140 | 111,635 | 115,453 | 119,928 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 15,334 | 13,380 | 12,281 | 13,218 | 12,342 | 9,087 | 7,044 | ||
| Taxes payable | 125 | 126 | 125 | 13,405 | 14,062 | 14,097 | 14,289 | ||
| Other undisclosed accounts payable and accrued liabilities | 15,210 | 13,254 | 12,157 | (187) | (1,719) | (5,010) | (7,245) | ||
| Debt | 43,916 | 44,217 | 43,933 | 43,860 | 44,616 | 44,311 | 44,229 | ||
| Customer advances and deposits | 4,315 | 5,779 | 6,871 | ✕ | ✕ | ✕ | |||
| Other undisclosed current liabilities | 125 | 126 | 125 | 21,089 | 23,835 | 18,576 | 15,745 | ||
| Total current liabilities: | 63,689 | 63,502 | 63,209 | 78,167 | 80,793 | 71,974 | 67,018 | ||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 63,689 | 63,502 | 63,209 | 78,167 | 80,793 | 71,974 | 67,018 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,615 | 8,021 | 14,645 | 9,973 | 30,842 | 43,479 | 52,910 | ||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Additional paid in capital | 75,735 | 75,735 | 75,685 | 75,685 | 75,685 | 75,685 | 75,685 | ||
| Accumulated other comprehensive income | 21,417 | 21,447 | 21,323 | 22,106 | 22,544 | 22,222 | 22,076 | ||
| Accumulated deficit | (94,540) | (89,165) | (82,366) | (87,822) | (67,391) | (54,432) | (44,855) | ||
| Total stockholders' equity: | 2,615 | 8,021 | 14,645 | 9,973 | 30,842 | 43,479 | 52,910 | ||
| TOTAL LIABILITIES AND EQUITY: | 66,305 | 71,523 | 77,855 | 88,140 | 111,635 | 115,453 | 119,928 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2014 Q2 | 9/30/2014 Q1 | 6/30/2014 Q4 | 3/31/2014 Q3 | 12/31/2013 Q2 | 9/30/2013 Q1 | 6/30/2013 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 5,187 | 5,741 | 9,321 | 14,240 | 11,866 | 11,765 | 13,843 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,946) | (8,540) | (13,294) | (19,928) | (16,997) | (14,760) | (20,473) | |
| Gross profit: | (2,759) | (2,799) | (3,973) | (5,689) | (5,131) | (2,994) | (6,630) | |
| Operating expenses | (1,702) | (3,069) | (1,410) | (13,830) | (6,941) | (5,649) | (36,906) | |
| Operating loss: | (4,461) | (5,868) | (5,383) | (19,519) | (12,072) | (8,643) | (43,535) | |
| Nonoperating income (expense) | (914) | (931) | 4,971 | (912) | (887) | (934) | 3,190 | |
| Interest and debt expense | (917) | (931) | (1,252) | (912) | (945) | (937) | (916) | |
| Loss from continuing operations before equity method investments, income taxes: | (6,293) | (7,729) | (1,664) | (21,343) | (13,904) | (10,514) | (41,261) | |
| Other undisclosed income from continuing operations before income taxes | 917 | 931 | 1,252 | 912 | 945 | 937 | 916 | |
| Loss from continuing operations before income taxes: | (5,376) | (6,798) | (412) | (20,431) | (12,959) | (9,577) | (40,345) | |
| Other undisclosed income (loss) from continuing operations | 5,868 | (7,280) | ||||||
| Net income (loss): | (5,376) | (6,798) | 5,456 | (20,431) | (12,959) | (9,577) | (47,625) | |
| Other undisclosed net income attributable to parent | 7,280 | |||||||
| Net income (loss) available to common stockholders, diluted: | (5,376) | (6,798) | 5,456 | (20,431) | (12,959) | (9,577) | (40,345) | |
Comprehensive Income ($ in thousands)
| 12/31/2014 Q2 | 9/30/2014 Q1 | 6/30/2014 Q4 | 3/31/2014 Q3 | 12/31/2013 Q2 | 9/30/2013 Q1 | 6/30/2013 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,376) | (6,798) | 5,456 | (20,431) | (12,959) | (9,577) | (47,625) | |
| Comprehensive income (loss): | (5,376) | (6,798) | 5,456 | (20,431) | (12,959) | (9,577) | (47,625) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (30) | 124 | (783) | (438) | 322 | 146 | 7,898 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (5,406) | (6,674) | 4,673 | (20,869) | (12,637) | (9,431) | (39,728) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.