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 investments45744853321356675
Cash and cash equivalents45744853321356675
Receivables4229842325024,26494
Inventory, net of allowances, customer advances and progress billings9,26910,05110,34413,72815,32516,56015,837
Inventory9,26910,05110,34413,72815,32516,56015,837
Prepaid expense114131152172269326468
Advances on inventory purchases9172,4165,6279,01010,83311,5609,305
Other undisclosed current assets4,9404,7475,5998,60724,9771,10930,522
Total current assets:15,32817,71622,24931,88151,58953,88556,301
Noncurrent Assets
Property, plant and equipment48,64951,53453,34454,02057,74459,28961,367
Intangible assets, net (including goodwill)1,9151,9461,9391,9452,0071,9982,004
Goodwill100100100100100100100
Intangible assets, net (excluding goodwill)1,8151,8461,8391,8451,9071,8981,904
Other undisclosed noncurrent assets412327322293296280256
Total noncurrent assets:50,97753,80755,60556,25860,04661,56763,626
TOTAL ASSETS:66,30571,52377,85588,140111,635115,453119,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15,33413,38012,28113,21812,3429,0877,044
Taxes payable12512612513,40514,06214,09714,289
Other undisclosed accounts payable and accrued liabilities15,21013,25412,157(187)(1,719)(5,010)(7,245)
Debt43,91644,21743,93343,86044,61644,31144,229
Customer advances and deposits4,3155,7796,871 
Other undisclosed current liabilities12512612521,08923,83518,57615,745
Total current liabilities:63,68963,50263,20978,16780,79371,97467,018
Noncurrent Liabilities
Total liabilities:63,68963,50263,20978,16780,79371,97467,018
Stockholders' equity
Stockholders' equity attributable to parent2,6158,02114,6459,97330,84243,47952,910
Common stock4444444
Additional paid in capital75,73575,73575,68575,68575,68575,68575,685
Accumulated other comprehensive income21,41721,44721,32322,10622,54422,22222,076
Accumulated deficit(94,540)(89,165)(82,366)(87,822)(67,391)(54,432)(44,855)
Total stockholders' equity:2,6158,02114,6459,97330,84243,47952,910
TOTAL LIABILITIES AND EQUITY:66,30571,52377,85588,140111,635115,453119,928

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)
5,1875,7419,32114,24011,86611,76513,843
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 taxes9179311,252912945937916
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)3221467,898
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.

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