Company Name: China Biodiesel Intl Holding
Stock Market: AIM (LSE: CBI)
Industry Sector: Oil & Gas Operations
Market Capitalisation: £1.42 million (as of 6 March 2009)
Yearly Revenue: £124.5 million (as of 31 December 2007)
Operating Income: £17.0 million
Net Income: £16.6 million
Total Assets: £206.4 million
Key People: Huodong Ye (chairman of the board), Zhengling He (chief financial officer, executive director), Danming Luo (chief technical officer), Christopher Butler (non-executive director)
Headquarters Address: China Biodiesel Intl Holding
Ping Lin Development Zone TieShan Longyan,
FUJ China
Number of Employees: 47 (as of 6 March 2009)
Website Address: www.chinabiodiesel.net
Company Overview
China Biodiesel International Holding Co., Limited. (“China Biodiesel”) was incorporated in the British Virgin Islands. China Biodiesel is an international renewable energy company that focuses on Biodiesel R&D, marketing, manufacturing, and investment as an alternative for petrochemical or diesel. The company also offers consultation services in the field of bio-energy. With the successful admission to the London Stock Exchange in June 2006, the company uses global capital to support the biodiesel industry development. It also benefits from the rapidly-growing market of biodiesel in China.
China Biodiesel’s leading product is a renewable, non-fossil fuel substitute for mineral diesel. It is developed from a diversity of oils, including used vegetable, cooking oil, and animal oils. Biodiesel burns well and releases less carbon monoxide than the fossil diesel. Today, it is also a good alternative for several petrochemical materials. As a result of the great market demand, the company expects enormous profitable development.
Current Financial Overview
Currently, China Biodiesel has two main production bases, the Xiamen Zhuoyue Biomass Energy Co., Limited. and Longyan Zhuoyue New Energy Development Co., Limited. Both are situated in Fujian Province, South China. Biodiesel also has a technical centre, which has great scientific R&D capability. The centre concentrates on the R&D of moving plant oils and waste animal to biodiesel. Additionally, the company did well in developing other unique production techniques. China Biodiesel, the first company to realise the biodiesel industrialization in China, is now becoming a leading enterprise in this field.
Current Financial Overview
Every year, China Biodiesel Intl Holding of 55.29% net income has dropped from £37.06 million to £16.57 million, regardless of increases of up to 23.24% in revenues. Regardless of rising revenues, the company’s decreasing net income was also attributed to the increase from 70.42% to 88.96% in the cost of goods traded as percentage sales.
In 2007, the cash reserves of the company dropped by £56.86 million. However, Biodiesel gained 33.00m from its business for a 26.48% Cash Flow Margin. Additionally, the Company produced 134.00k from financing while the 89.48m cash was used on investing.
Due to the top advantage in techniques, the company plays an important role in China Biodiesel industry. For the past few years, CBI took several national significant projects to support the biodiesel industry development, such as the Chinese National 11th Five-year Plan, the National Key State Torch Project, and etc. China Biodiesel also acquires support from the government, as well as some governmental subsidises and a number of favourable tax policies.
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