TRIT 1st half 2009 Rev. up 75% / While Net income up even higher nearly 100%
Last post for TRIT until it doubles then I will say I told you so. Hope you didn't find today's posts too much?? But you can't say I never told you about TRIT when it does double. Go take a look at what SGY has done since I first said it was gonna double easily when it was below $10.
Tri-Tech Holding, Rapidly Growing Chinese Water Management Services Company, Completes Successful Nasdaq IPO. 1H '09 Revenue up 75% to $6.0M. 1H '09 Net Income $1.5M or $0.41 EPS vs. $807K or $0.23 EPS.
Since 2002, Tri-Tech has worked with local and regional governments throughout China to design and implement systems to monitor and manage the country’s natural and municipal water resources. More than 200 projects have been implemented in provinces, municipalities and autonomous regions all across China.
Tri-Tech designs customized sewage treatment and odor control systems for municipalities and larger cities. These systems combine software, information management systems, enterprise resource planning and local and wide area networking with hardware including sensors, distributed control systems, programmable logic controllers, supervisory control and data acquisition systems. This allows local governments to seamlessly monitor and control numerous variables in sewage treatment and odor control by managing the process from initial intake of raw sewage through the return of water to consumers for reuse.
The company also designs systems for tracking natural waterways levels for drought and flood control, monitoring groundwater quality and assisting the government in managing and planning its water resources.
The business is focused on Chinese cities and municipalities that need extensive monitoring and management systems expertise. The company has seven software copyrights and two technology patents. Tri-tech has 108 employees, 74% of whom are in R & D and technical support.
TriTech Holding Inc. (TRIT)
Sep 16 2:45 PM EDT
Last Price 11.25
Day High 11.50
Last Trade 2:44
% Change 9.86%
Day Low 10.31
Bid Size 2000
Ex-Div Date N/A
52 Wk Hi 10.78
Shares 5.26 m
Volume 414.05 k
Prev Close 10.24
52 Wk Low 7.80
PE Ratio N/A
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The Major Challenge to China’s Water Resources
China’s water infrastructure is under great stress. China faces widedspread water scarcity, frequent floods in the south and east and droughts in the north and west. The country also suffers serious water pollution which heavily strains the environment. China's water supply is smaller than the United States but is home to approximately five times as many people. It is estimated that 300 million Chinese citizens have no daily access to clean water. Over 700 million Chinese citizens drink water that does not meet current World Health Organization standards.
Water usage in China has quintupled since 1949, and almost 90% of underground water in Chinese cities is affected by pollution.
In short, China is struggling to procure clean and provide enough potable water for a growing population. As a result of the high population density, the poor ratio of available water supply to demand, and regional imbalances in available water, China faces serious challenges in managing its usable water supply. These challenges in managing water resoures provide Tri-Tech strong growth opportunites in helping to provide usable water, reduce the effects of drought and alleviate flooding.
Tri-Tech provides customized solutions and integrated technology to Chinese governmental bodies across China. These include extensive monitoring and management expertise following installation. Future strategies include broadening product offerings by extending product lines to upstream and downstream business segments, strengthening research, building alliances with research institutions, diversifying the client base and seeking early entry into new markets.
Lines of Service
Wastewater and Tail Gas Treatment
Tri-Tech's sewage treatment and water recyling technology includes automation and management systems for large cities. This technology allows a city to electronically control the system to react to chemical and other changes. These systems also allow smaller municipalities to reuse and recycle both grey water and industrial waste water. Other services include patented biofiltration odor control systems, chemical scrubbing odor control and process and monitoring for recycling.
Water Resource Management
Tri-Tech is a leader in drought and flood control through the use of remote terminals that provide multiple levels of data including rainfall measurement and early warnings for small watershed flood hazards. Groundwater is monitored for water quality using remote terminals systems. For water resource use and management, Tri-Tech has developed irrigational and agricultural water conservation systems, a national flood control system and water resource monitoring equipment as well as systems for managing municipal water supplies.
Tri-Tech Holding Announces Pricing of Initial Public Offering on NASDAQ
Tri-Tech Holding Announces Launch of New Corporate Website
* Risk Factors Single industry focus
* Significant competition from competitors and new market entrants
* Company unknown in U.S.
* Continuing U.S. investor interest in Chinese companies
The Outlook Through 2010, China’s environmental investment is expected to be approximately $184.2B. Approximately $39.5B is expected to be used for water resource management, urban water management, wastewater treatment, sewage reuse and water treatment. Between 2007 and 2009, the Chinese allotted approximately $526M in special funds to establish a National Water Resources Management System.
In November 2008, the Chinese government announced a $585B stimulus package in response to the global economic crisis. This included approximately $3.3B for environmental projects.
The company is currently pursuing 100 river basin flood monitoring and forecasting systems in more than 100 counties with a market potential of $72.5M. Additional projects are being pursued through distributors and partnerships with a potential value of $43.5M.
The company is pursuing wastewater treatment business in several markets including Tianjin Binhai where the government plans to construct over 40 large pumping stations and 30 sewage treatment plants with a total market potential of $8.7B. Hebei Province plans to construct 50 sewage and grey water reuse treatment plants in the next two years. The company is also seeking business in the industrial wastewater and process tail gas treatment market in the petrochemical industry. Sales are expected from early flash flood warning system projects in Hubei and Tsinghai provinces. Increased sales also are anticipated in a long-distance water transfer project with dozens of urban water supply tasks for major cities including Beijing, Tianjin and Shijiazhuang where the company is already engaged. The company plans to increase its workforce and is setting up new offices.
Use of IPO Proceeds
Tri-Tech expects to receive net proceeds of $6.83M if the minimum offering is sold and $10.18M if the maximum offering is sold.
Description of Use
Product R & D
Sales and Marketing
Chairman, CEO and Director-
Chief Financial Officer -
Dr. Peiyao Zhang
Dr. Xiaoping Zhou
Robert W. Kraft