http://chaintek-united.com/

China Chaintek United Co., Ltd, through its operating subsidiary Xingtai Logistics which was founded in 2000, principally provides domestic logistics services to fast moving consumer goods manufacturers in Jinjiang City, Fujian Province, China. The Group is now one of the largest providers of logistics services to domestic sports shoes and apparel manufacturers in China. The Group has a long-standing client base of over 60 manufacturers based in Fujian Province and six of its top ten clients by revenue in 2011 are publicly listed in Hong Kong, USA, Malaysia or Singapore. The Group has two business divisions: Logistics Services Business and Inventory Solution Business Logistics Services Business is focussed on providing logistics connections between the Group's manufacturer client base and their retail markets in the PRC using a network of eight independent Transport Agents. Efficiencies are achieved for both the Transport Agents and the manufacturers by consolidating the goods of several manufacturers to be delivered to similar destinations at the same time thereby increasing the loading rate on the Transport Agents' trucks and reducing the per unit transportation cost. Inventory Solutions Business is focussed on providing outsourced inventory storage and management services including sorting, packing, labelling and short term storage. This Inventory Solutions Business was launched in 2010 as the Directors perceived a demand from the Group's existing clients for the provision of the above services which would otherwise be conducted in-house by manufacturers. Manufacturers in China acknowledge that managing logistics and warehousing continues to be not only a complex, but also a relatively costly, part of operations. Performance can also be hampered by the availability of experienced staff, especially at a managerial level with increasing wages. As a result, the Directors believe these services will reduce warehousing costs of the manufacturers and will assist in retaining excellent relationships with the Group's key clients.

The Group has two business divisions: Logistics Services Business and Inventory Solutions Business.


Logistics services business -

This division is focussed on providing logistics connections between the Group’s manufacturer client base and their retail markets in the PRC using a network of eight independent Transport Agents. Efficiencies are achieved for both the Transport Agents and the manufacturers by consolidating the goods of several manufacturers to be delivered to similar destinations at the same time thereby increasing the loading rate on the Transport Agents’ trucks and reducing the per unit transportation cost.

Inventory Solutions Business -


This division is focussed on providing outsourced inventory storage and management services including sorting, packing, labelling and short term storage. This Inventory Solutions Business was launched in 2010 as the Directors perceived a demand from the Group’s existing clients for the provision of the above services which would otherwise be conducted in-house by manufacturers. Manufacturers in China acknowledge that managing logistics and warehousing continues to be not only a complex, but also a relatively costly, part of operations. Performance can also be hampered by the availability of experienced staff, especially at a managerial level with increasing wages. As a result, the Directors believe these services will reduce warehousing costs of the manufacturers and will assist in retaining excellent relationships with the Group’s key clients.

26 Sep Liberum Capital 324.00 Buy

ChainTek declares maiden dividend

StockMarketWire.com

China Chaintek United Co has issued an update on its operations in the e-commerce sector and declared a maiden dividend.

The company says its logistics services business has become a designated service provider for VIPshop, one of China's leading online discount retailers for brands. VIPshop is quoted on the NYSE (NYSE:VIPS). This follows a stringent selection process, in which ChainTek demonstrated its transportation service network, wealth of operational experience and strong transport operational management capabilities.

ChainTek may now be called to provide VIPshop with Just In Time delivery services enabling VIPshop's suppliers to deliver goods efficiently from their manufacturing facilities in Jinjiang to VIPshop's regional operation centres.

In ChainTek's inventory solution services business, the Company is actively promoting its Vendor Managed Inventory model with VIPshop which aims to provide value added inventory solutions services at VIPshop's regional distribution centres. The board believes that ChainTek's offering of both logistics services and inventory solutions services, as well as its long standing relationships with major brands in the Jinjiang region, position the Group well for further growth as part of the e-commerce businesses of its clients. The Group looks forward to further developing this aspect of the business.

The board says it is pleased with the progress that has been made, particularly in the logistics services division targeting China's major e-commerce companies. As a result of the board's confidence in the growth prospects of the company, Chaintek is pleased to announce an interim dividend of 2 pence net per share for the six month period ended 30 June. This is payable on 27 December to shareholders on the register on 13 December.



Story provided by StockMarketWire.com

Final Land Use Right payment made

RNS


RNS Number : 3747W

China Chaintek United Co., Ltd

27 December 2013









Press Release

27 December 2013




China Chaintek United Co., Ltd



("ChainTek" or the "Company")



Final Land Use Right payment made



As previously outlined in the Company's Interim Results on 26 September 2013, China Chaintek United Co., Ltd (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to announce today that, following discussions with the local government, the Company has now made its final payment in respect of the Land Use Rights ("LUR") for its planned logistics park. The payment of RMB54.6 million, which was for the final 20 per cent. of total fees, was made by the Company on 25 December 2013. Like previous payments made by the Company in relation to the LUR for the planned logistics park, this payment has been made from the Company's existing cash balances.



As announced on 19 March 2013, Chaintek intends to build a logistics park which will be located on a 145,600m2 plot of land in an industrial zone in Jinjiang 14km from the Group's existing operational headquarters, and which already houses a number of ChainTek's existing key manufacturer customers. The consideration payable for the LUR was RMB 221.0 million (approximately GBP 22.1 million), in addition to the RMB 52.0 million deposit paid in 2011, and was payable in three tranches. The initial payment of RMB 81.9 million (approximately GBP 8.19 million), which was the final condition required for completion of the acquisition, was made on 18 March 2013, with the second payment of RMB 84.5 million (approximately GBP 8.45 million) being paid on 6 April 2013.



Commenting on the final LUR payment, Mrs Xu Meijin, Chief Executive Officer of ChainTek, said: "We are very pleased to announce the final Land Use Right payment on the planned logistics park and can now confirm that the acquisition of the site is now complete paving the way for construction to start by H2 2014. The Company looks forward to making a further update on the logistics park at the time of our pre-close trading statement which will be issued in late January 2014."



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MIDAS SHARE TIPS: Be a dragon in China Chaintek United for chance of hot profit

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:21, 4 January 2014 | UPDATED: 22:21, 4 January 2014


China Chaintek United is a logistics business that expects to expand five-fold over the next five years.


The shares are 1411⁄2p but should increase considerably as the company grows. The firm is based in Jinjiang in South-East China, close to Taiwan, Hong Kong and Macau.

The city is a manufacturing hub for sports shoes and clothing and China Chaintek works with top local manufacturers to distribute their goods round the country.




China's growth concerns: But Chaintek focuses on second and third-tier cities, where economists believe there is plenty of potential for growth over the next decade
China's growth concerns: But Chaintek focuses on second and third-tier cities, where economists believe there is plenty of potential for growth over the next decade



Having listed in 2012, the company has been expanding into other product areas, including food and building materials, and this should continue, helping the firm to grow and diversify.


Such is the appetite for goods in China that Chaintek can barely keep up with demand. But it recently won approval to build a massive logistics hub, which should boost turnover significantly.



Last month, one founding shareholder sold £1.5million worth of shares at 140p, a big discount to the then prevailing 240p price.


The discount was designed to increase investor demand, while the sale itself was intended to make Chaintek shares more liquid.


There have been concerns about China’s economic prospects, but Chaintek focuses on second and third-tier cities, where economists believe there is plenty of potential for growth over the next decade.


Brokers expect profits of £27million for the year just ended, rising to nearly £30million in 2014. The dividend for 2013 is 6p, rising to 6.3p next year.


Midas verdict: Chinese shares have had a rough ride on AIM and many investors are wary, but Chaintek looks like a solid, fast-growing firm and supporters believe the price should double from 1411⁄2p. The adventurous should have a punt

Up 20% on the midas tip

AGM Trading Update

RNS


RNS Number : 5210H

China Chaintek United Co., Ltd

20 May 2014









Press Release

20 May 2014




China Chaintek United Co., Ltd



("Chaintek" or the "Company")



AGM Trading Update



Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held at 10:30 a.m. today in London.



The Board confirms that trading across the Group is in line with market expectations for the current financial year. As previously outlined, the management team remain focused on the planned strategy for growth and construction of the new Logistics Park will commence in Q4 2014. The Group will issue a more detailed interim trading update to the market in the first week of August 2014.



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20 May Daniel Stewart 300.00 Buy

Update on Government Policy re. Logistics Sector
RNS
RNS Number : 2705T
China Chaintek United Co., Ltd
03 October 2014





Press Release
3 October 2014




China ChaintekUnited Co., Ltd



("Chaintek" or the "Group")



Update on Government Policy re. Logistics Sector Development



Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide an update on the development of PRC state government policies in regards to the development of the logistics sector in China.



The Ministry of Commerce of the People's Republic China has published a range of suggestions on 24 September 2014 on how to achieve the objectives set out by the State Council in the 2014 "Long Term Planning for Logistics Market" report. Collaboration between e-commerce companies and logistics companies, encouraging development of one-stop-services in the logistics sector, land rebate policies, improving information flow in the country and, improving transportation network have all been identified as solutions to strengthen the logistics sector in China.



Xu Meijin, Chief Executive Officer of Chaintek, commented: "We are pleased to see that guidelines have been made by the national government of China on implementing its long term strategy to strengthen the logistics sector. These guidelines are likely to push forward local governments' effort in collaboration with logistics companies. As a modernised logistics firm committed to providing one-stop logistics services, Chaintek anticipates benefiting from these related government policies. This will provide Chaintek with good foundations to further expand and diversify our business."



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Any thoughts on this one dc? It looks a absolute dog but with a very tempting divi coming up. The broker targets are an absolute joke and no matter how many relatively good RNS come out, the sp continues it's relentless slide.

In this in the very early days Harry, seemed to do quite well then. From memory the company announced plans for a new warehouse, then the sp seemed to just head South. I would avoid most Chinese company's. All seem to tick along for a few months and then as said head South. Been out, sorry for the delayed answer. Camkids (CAMK0 much the same. Mind you I see this has bounced 20% today