QUOTE AND NEWS
ABRN  Sep 20  Comment 
China Electric Motor, Inc. (OTC-PINK: CELM), a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro motor products announces several positions.
StreetInsider.com  May 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Electric+Motor+%28CELM%29+Receives+Additional+Noncompliance+Letter+from+Nasdaq/6547438.html for the full story.
Globe Newswire  Apr 15  Comment 
NEW YORK, April 15, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced an update on the class action lawsuit the firm filed on behalf of investors who purchased the securities of China Electric Motor, Inc. (Nasdaq:CELM) in the period
Wall Street Sector Selector  Apr 11  Comment 
PPL Corp. unveiled plans to offer at least 80 million shares and $750 million of equity units to raise funds to repay part of a EUR3.6 billion ($5.9 billion) bridge loan. Shares fell 3.8% to $24.90. China Electric Motor Inc., which recently said...
Wall Street Journal  Apr 11  Comment 
More stocks to watch, including PPL and China Electric Motor.
StreetInsider.com  Apr 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Electric+Motor+%28CELM%29+Receives+Noncompliance+Letter+from+Nasdaq%3B+Reports+Being+Investigated+by+SEC/6420389.html for the full story.
StreetInsider.com  Mar 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Electric+Motor+%28CELM%29+trading+halted+for+information+following+news+of+late+10-K+filing/6398696.html for the full story.
StreetInsider.com  Mar 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Electric+%28CELM%29+To+File+10-K+Late%3B+Due+to+Possible+Banking+Statement+Discrepancies/6398371.html for the full story.
ABRN  Jan 25  Comment 
China Electric Motor, Inc., a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro motor products, announced that Luck Loyal International Investment Limited, an indirect wholly...
StreetInsider.com  Jan 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Electric+Motor+%28CELM%29+Unit+Completes+Acquisition+of+Sunna+Industrial+Park+for+%2425.8M/6202766.html for the full story.




 
TOP CONTRIBUTORS


China Electric Motor (CELM) (NASDAQ:CELM) designs, produces, and markets micro-motor products. These products are incorporated into consumer electronics, automobiles, power tools, toys and household appliances. [1]

The company's initial public offering (IPO) of stock was filed on 21 October 2009 and began trading on an exchange on 25 January 2010. With a proposed offer price of $5.50 - $6.50, the actual offer price was also $4.50. The company offered 5.0 million shares. Major shareholders before the IPO were Excel Profit Global Group Limited, with 65.5% ownership, and Richard Rappaport, with 8.8% ownership. [1]

For the nine months ended 30 September 2009, Andatee China Marine Fuel reported $63.3 million in total revenue, an increase of 61.8% from $39.1 million for the nine months ended 30 September 2008. The company had $8.34 million in net income, up 38.3% from a net income of $6.03 million for nine months ended 30 September 2008. Home Appliance represented 65.1% of total revenue, auto parts represented 21.7% of total revenue, and digital motor represented 13.2% of total revenue. [1]


Company background

Shenzhen YuePengCheng Motor Company is a wholly foreign-own enterprise, which is engaged in the designing, manufacturing, marketing and sales of its “Sunna” brand name micro-motor products. The company has its own professional sets of production equipment and specialized check-out facilities, the products with good performance and reasonable prices have been sold at home and abroad. By September 2009, we had a total of approximately 900 employees, with 200 of them are engineers, technicians, quality control staffs. The products mainly used as the supporting parts in home appliances, cars, industrial automation, and digital Control machine tools. Since the commencement of our manufacturing operations in 1999, we have expanded our product offerings to produce a range of Alternating Current (“AC”), Direct Current (“DC”) micro-motors. We currently produce products in 28 different series that include more than 1,200 different product specifications. Our various types of motors are designed for incorporation into a variety of applications, including: (1) Home appliances Motors: including hairdryers, air conditioners, paper shredders, soy milk makers, juice makers, electric fans, heaters and massagers. (2) Vehicles Motors: including automobile air conditioners, windshield wipers, automatic window mechanisms and ignitions. (3) Digital controls Motors: including devices used to start mechanical equipment and other larger motors. (4) Tool Motors: Mainly used in lawn mowers, trimmers, branch cutters, channeling machines and other garden tools. The company's products have passed ISO9001, 2000 quality system certification and 3C certification testing. It has been granted as high-tech enterprises in Shenzhen and China's private enterprises recognized brands. The Company’s manufacturing building is located in the High new-tech industrial Park, which is a modern industry park of integrating of the production, warehouse and office. It contains a production workshop area of about 15,000m2. The facility includes a mold and molding workshop, a semi-finished products workshop, an assembly workshop and a finished products testing workshop. It also has an independent finished product warehouse and a raw material warehouse.

On May 6, 2009, SRKP 21, Inc. a Delaware corporation (i) closed a share exchange transaction, described below, pursuant to which SRKP 21 became the 100% parent of Attainment Holdings, a British Virgin Islands corporation(Attainment Holding’s wholly-owned subsidiary Luck Loyal International Investment Limited, Hong Kong corporation (“Luck Loyal”) and Luck Loyal’s wholly-owned subsidiary Shenzhen YuePengCheng Motor Co., Ltd) (ii) assumed the operations of Attainment Holdings and its subsidiaries, including Shenzhen YPC, and (iii) changed its name from SRKP 21, Inc. to China Electric Motor, Inc. We have applied for the listing of our common stock on the NASDAQ Global Market under the symbol “CELM”, and our shares of common stock will be listed or quoted for trading.

Product

http://ft.szmotor.com/newEbiz1/EbizPortalFG/portal/html/CategoryList.html?ProductPicker_action=SearchCategory&CategoryID=c373e914aa7f01e88f7aafce5581c2c8&ProductAdvancedPickerIndex_action=Search&ProductAdvancedPickerIndex_CategoryID=c373e914aa7f01e88f7aafce5581c2c8

Certificate

ISO9001, 2000 quality system certification and 3C certification testing

http://ft.szmotor.com/newEbiz1/EbizPortalFG/portal/html/GeneralContentShow.html?GeneralContentShow_DocID=c373e914b45c75818f7e3c644ba39edb

Second Quarter 2010 Financial Highlights

-Total revenue increased by 13.3% year-over-year to $25.3 million, compared to $22.3 million in the second quarter of 2009.

-Net income was $4.1 million, a 93.2% increase compared to net income of $2.1 million in the second quarter of 2009.

-Basic and diluted earnings per share were $0.20 versus basic and diluted earnings per share of $0.18 and $0.17 in the second.

References

  1. 1.0 1.1 1.2 China Electric Motor S-1/A
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