Q4 2008 SORL Auto Parts Inc Earnings Conference Call
I tried to listen to conference call, but it was kind of hard to understand as it involved a lot of translation from Chinese to English. The following are some items I took away from questions/comments at the end.
4th Qtr & 1st Qtr quite slow. 1st Qtr of 2009 should be profitable. Starting to see improvement in orders & expects 2nd half of 2009 to be better than first half due in large part to China's stimulus plan. Greatest decrease in orders has been from foreign sources. 2009 revenue is expected to be the same or better than 2008 revenue
Nice numbers on the cash side of the house, weaker outlook to be expected but starting with a first line of defence in higher cash reserves, lower stock levels, flat receivables despite higher revenues indicating less riskier management, all in all an A+ scorecard for financial management here, some steady hands at the bow of this ship, okay maybe not a very big ship but full of ballast and a hard crew, he har