PYX Resources: Achieving volume and diversification milestones. Watch the video here.
And still expanding
RNS - RNS Number : 6402A Auhua Clean Energy Plc 30 September 2015 AUHUA CLEAN ENERGY PLC (the "Company", "Auhua" or the "Group") INTERIM RESULTS 30 September 2015: Auhua Clean Energy plc (AIM: ACE), the AIM quoted environmental technology group based in the Shandong Province of Eastern China today announces its unaudited results for the six months ended 30 June 2015. Highlights · Revenue remained stable at RMB 112.8 million: GBP 12.1 million (30 June 2014: RMB 116.2 million: GBP 11.1 million). · Strong focus on selling to property developers resulted in a 2.3% increase in number of units sold to 37,356 (30 June 2014: 36,500). · Order book increased by 67% to RMB 133.5 million as at 30 June 2015: GBP 13.9 million (30 June 2014: RMB 80.0 million: GBP 7.6 million). · Gross profit remained stable at RMB 49.1 million: GBP 5.3 million (30 June 2014: RMB 50.9 million: GBP 4.8 million) as did gross margins at 44% (30 June 2014: 44%). · Net profit before tax remained stable at RMB 24.8 million: GBP 2.6 million (30 June 2014: RMB 25.6 million: GBP 2.4 million). · Net assets increased by 21% to RMB 286.3 million: GBP 29.7 million (30 June 2014: RMB 236.8 million: GBP 22.6 million). · Cash balances dipped to RMB 36.9 million at 30 June 2014: GBP 3.8 million (30 June 2014: RMB 45.5 million: GBP 4.3 million). · Earnings per share at the half year of RMB 0.18: GBP 0.02 (30 June 2014: RMB 0.21: GBP 0.02). · Successful fund raise with gross proceeds of GBP 1.72 million in June 2015. · Post-period event: - Investment of USD 700,000 secured for Taiwan Ziolar, resulting in the cessation of Taiwan Ziolar as a wholly-owned subsidiary of the Group. Outlook · China property decline appears to be bottoming out but outlook remains challenging. · Strong order book and a steady balance sheet, supported by proven technical capabilities and an established brand reputation will enable the Group to continue to maintain good revenues and profits. David Sumner, non-executive Chairman of Auhua, said, "I am pleased to report a solid set of results for the six months ended 30 June 2015. In spite of a bearish property sector in China, we have continued to maintain strong revenues and excellent margins. The Shandong province, where Auhua operates, is the leader in China's solar thermal initiatives and Auhua's products are currently the only five star rated split-unit solar water heaters. This gives us a competitive advantage and our strategic focus remains to continue investing in research and development to ensure we remain on the cutting-edge of solar thermal technological innovation." * All RMB amounts translated using an exchange rate:
Just a shame that the market has taken so long to realise. Looking forward to this week. My Target 24p - somewhere just short of the NAV!
Starts today - NAV 28p - Mcap less than cash in bank.
Take much to pop. Some sticky money would be nice.
200k loss with a significant R&D opportunity for future - the business has decided to focus on core activities.
Most would be happy to return to half NAV with balance in half yearly report results. Interest building and ripe for takeover.
Take much for this to move - low free float
Decent news flow during 2014 and to date - raised capital at the right time if you ask me.
http://wh-ireland-co-uk.securesslhosting.co.uk/cms/upload_area/pdf/Auhua_initiation_16_04_15.pdf
Show how quickly this moves with little volume.
My posts from last week when I was talking to myself with research. This is huge and undervalued at 20p let alone 3p
It is overlooked - no trade in this share so no movement. A good RNS should see the herd arrive and the Twitter crew all over it! Decent company - chinese market having an effect too.
Devaluation must be good for exports - win win.
3.38m with revenue of 26m per annum. 28p NAV
The Group is also looking to grow its overseas business and has made significant progress in Dubai. It has entered into the Dubai Green Economy Partnership ("Dubai GEP"), a government-backed initiative led by His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council and has been selected as one of the only solar thermal water heater providers under the programme.
29 June 2015: Auhua Clean Energy Plc (AIM: ACE) (the "Company"), the environmental technology group, is pleased to announce its final results for the year ended 31 December 2014. Financial highlights: · Revenues of RMB 248.9 million (GBP 24.6 million) (2013: RMB 250.9 million (GBP 26.1 million)) · Gross margin of 38.6% (2013: 43.6%) · EBITDA of RMB 53.4 million (GBP 5.3 million) (2013: RMB 71.8 million (GBP 7.5 million)) · Profit before tax of RMB 48.2 million (GBP 4.8 million) (2013: RMB 65.8 million (GBP 6.8 million)) · Cash balances of RMB 47.0 million (GBP4.6 million) (2013: RMB 48.7 million, (GBP 5.1 million)) · Basic earnings per share of RMB 0.37 (GBP 4 pence) (2013: RMB 0.71 (GBP 8 pence)) · Net assets up to RMB 252.6 million (GBP 24.9 million) (2013: RMB 191.8 million (GBP 19.9 million)) · Net assets per share up 22% to RMB 2.82 (GBP 28 pence) (2013: RMB 2.32 (GBP 24 pence)) · Significant R&D advancements in the solar thermal panel manufacturing and building integration solar thermal technologies (BIST) with Purdue University in the USA. Post balance sheet events: · Entered into the Dubai Green Economy Partnership in May 2015 · Raised £1,724,500 through a placing and subscription, as announced on 19 June 2015 The Company has performed strongly amidst the slower growth in the Chinese economy and the property sector. This is largely because the Chinese government remains committed to the renewable energy sector and, in particular, the promotion of solar technologies in building developments. The Company was recently awarded a significant technology accolade by the Weihai Science and Technology Department for its technology advancements in solar thermal panel efficiencies. Demand in solar thermal projects remains strong among the property developers. David Sumner, Chairman and Non-Executive Director of Auhua, said: "We are delighted with this sound set of financial results despite price pressures and the tougher market conditions in China. In spite of a challenging economic backdrop in the country, Auhua has had a good year. Our close ties with regulatory authorities, governments and property developers have helped ensure stable growth in sales domestically. We have ambitious domestic and international plans as global demand for solar products continues to thrive and the competitive adoption of clean power becomes more firmly fixed in the minds and actions of countries and governments. We look forward to a promising future ahead." Chen Anxiang, Chief Executive Officer of Auhua, commented: "Auhua's investments into research and development has significantly helped the Company to develop the innovation needed to maintain a strong competitive advantage against its competitors. The 2014 joint research project between
:-) http://www.cornwall.gov.uk/media/6011305/PV-sites-applications-larger-sites.pdf
At capacity and can't keep up with demand - this is why http://oilprice.com/Alternative-Energy/Solar-Energy/Why-China-Is-Leading-The-World-In-Solar-Power.html