China Precision Steel Inc (CPSL) financial statements (2022 and earlier)

Company profile

Business Address 8TH FLOOR, TEDA BUILDING
HONG KONG, 000
State of Incorp. CO
Fiscal Year End June 30
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)

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48575
Cash and cash equivalents48575
Receivables4294
Inventory, net of allowances, customer advances and progress billings10,34415,837
Inventory10,34415,837
Prepaid expense152468
Advances on inventory purchases5,6279,305
Other undisclosed current assets5,59930,522
Total current assets:22,24956,301
Noncurrent Assets
Property, plant and equipment53,34461,367
Intangible assets, net (including goodwill)1,9392,004
Goodwill100100
Intangible assets, net (excluding goodwill)1,8391,904
Other undisclosed noncurrent assets322256
Total noncurrent assets:55,60563,626
TOTAL ASSETS:77,855119,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,2817,044
Taxes payable12514,289
Other undisclosed accounts payable and accrued liabilities12,157(7,245)
Debt43,93344,229
Customer advances and deposits6,871
Other undisclosed current liabilities12515,745
Total current liabilities:63,20967,018
Noncurrent Liabilities
Total liabilities:63,20967,018
Stockholders' equity
Stockholders' equity attributable to parent14,64552,910
Common stock44
Additional paid in capital75,68575,685
Accumulated other comprehensive income21,32322,076
Accumulated deficit(82,366)(44,855)
Total stockholders' equity:14,64552,910
TOTAL LIABILITIES AND EQUITY:77,855119,928

Income statement (P&L) ($ in thousands)

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
47,19236,528
Cost of revenue
(Cost of Goods and Services Sold)
(64,980)(48,301)
Gross profit:(17,788)(11,774)
Operating expenses(27,829)(58,393)
Operating loss:(45,617)(70,167)
Nonoperating income2,2371,227
Interest and debt expense(4,045)(3,557)
Loss from continuing operations before equity method investments, income taxes:(47,425)(72,496)
Other undisclosed income from continuing operations before income taxes4,0453,557
Loss from continuing operations before income taxes:(43,380)(68,939)
Income tax benefit5,868 
Net loss available to common stockholders, diluted:(37,511)(68,939)

Comprehensive Income ($ in thousands)

6/30/2014
6/30/2013
Net loss:(37,511)(68,939)
Comprehensive loss:(37,511)(68,939)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(753)2,979
Comprehensive loss, net of tax, attributable to parent:(38,264)(65,961)

Statements sources

The financial statements are based on the company's filings with the 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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