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.

Trading Update
RNS
RNS Number : 8908P
China Chaintek United Co., Ltd
31 October 2012



31 October 2012





China Chaintek United Co., Ltd

("ChainTek" or the "Group")



Trading Update





China ChainTek United Holdings Co., Ltd (AIM: CTEK), the provider of logistics services to manufacturers of fast moving consumer goods in China, is pleased to give the following trading update for the nine month period ended 30 September 2012. Financial information contained in this announcement for the nine month period is unaudited.



Trading since the Group's admission to AIM in August 2012 has exceeded management's expectations and results for the full year ended 31 December 2012 are now anticipated to be materially ahead of current market expectations.



For the nine month period to 30 September 2012, revenue was RMB260.3 million (approximately £26.0 million). This performance has been driven primarily by the continued strength of ChainTek's logistic service operations, representing 86.0% of the period's revenues, and the Group is pleased to announce that it has secured additional clients in further sectors including food, building materials, toiletries and paper industries.



EBITDA for the period was RMB 202.4 million (approximately £20.2 million), Gross Profit was RMB221.0 million (approximately £22.1 million) and PBT was RMB199.6 million (approximately £20.0 million).



Overall trading remains robust, and the Board is confident that its complementary and growing inventory solutions business will increase customers' reliance on ChainTek and allow it to move further up the customer value chain.



As at 30 September 2012, the Group had a net cash position of RMB286.4 million (approximately £28.6 million). The Group stated at the time of IPO that it would seek debt funding to complete funding for new distribution centres and investment in developing the Group's IT systems. Discussions regarding this funding are progressing and the Group will update the market in due course.



Commenting on the trading update, Shufang Zhuang, Executive Director and the Group's founder, commented:



"Since the Group's admission to AIM in August this year, we have continued to trade very strongly and are pleased to report that we now expect our full year results to be materially ahead of current market expectations.



"We are continuing to see a growing demand for both our logistics services and inventory solutions businesses. ChainTek has the scale, customer base and service offering to deliver consistent growth in future years and we look forward to continuing our development to become the leading provider of logistics services in China."

ChinaTek to beat expectations this year
By Benjamin Chiou

Wed 31 Oct 2012

CTEK - China Chaintek United Co. Limited

Latest Prices
Name Price %
China Chaintek United Co. Limited 240.00p +15.11%


LONDON (SHARECAST) - China ChainTek United (ChinaTek), the logistics firm which listed on AIM in August, saw shares surge on Wednesday after announcing that its full-year figures will be well ahead of forecasts after a strong third quarter.

The firm, which provides logistics services to manufacturers of fast moving consumer goods in China, said that trading since its market debut has exceeded management expectations and results for the year to December 31st “are now anticipated to be materially ahead of current market expectations”.

Revenue for the first nine months of the year was RMB260.3m (£26m), mainly due to strength in ChainTek’s logistic service operations which account for 86% of group sales (during this period). Meanwhile, the group said that it has secured additional clients in further sectors including food, building materials, toiletries and paper industries.

Earnings before interest, tax, depreciation and amortisation (EBITDA) during the nine-month period was RMB202.4m (£20.2m) while pre-tax profit was RMB199.6m (£20.0m).

"Since the Group's admission to AIM in August this year, we have continued to trade very strongly and are pleased to report that we now expect our full-year results to be materially ahead of current market expectations,” said Director and Founder Shufang Zhuang.

"We are continuing to see a growing demand for both our logistics services and inventory solutions businesses. ChainTek has the scale, customer base and service offering to deliver consistent growth in future years and we look forward to continuing our development to become the leading provider of logistics services in China."

Shares were up 15.11% at 240p in afternoon trade.

Good news for this share -

China is the world’s fastest growing global superpower but its economy has looked like it is slowing down recently.

However, these new figures show its manufacturing activity is now expanding, with both sets of data came in above the crucial 50 mark.

Must be due some news soon, seem to be on the move again.

Trading Update
RNS
RNS Number : 0810X
China Chaintek United Co., Ltd
05 February 2013



5 February 2013



China ChainTek United Co., Ltd

("ChainTek" or the "Group"),



Full Year Trading Update



ChainTek (AIM: CTEK), the provider of logistics services to manufacturers of fast moving consumer goods in China, today announces a trading update ahead of the announcement of the Group's 2012 preliminary results on 2 April 2013. ChainTek is pleased to announce the Group's strong trading performance continued in Q4 2012 and that it expects to report revenue and operating profit ahead of market expectations.



For the full year to 31 December 2012, ChainTek expects to report total revenues of RMB 339 million (approximately £33.9 million), which represents a 29% increase compared to 2012. Both the Logistics Services and Inventory Solutions divisions contributed towards the revenue growth, increasing approximately 23% and 92% year on year respectively.



The Logistics Services division remains core to the Group and, in conjunction with strong revenue growth in 2012, ChainTek has continued to diversify its client base, particularly into the food and building materials industries which now comprise 19% of total revenue. The division continues to reduce its reliance on shoes and apparel, which now comprise 72% of revenue in 2012 (79% in 2011).



The Inventory Solutions business, in its second full year, has continued to experience high growth, almost doubling revenue year on year from RMB 24 million in 2011 to RMB 46 million in 2012 (approximately £2.4 and £4.6 respectively).



As at 31 December 2012, the Group had a net cash position of RMB 343 million (approximately £34.3 million) compared with RMB 286 (approximately £28.6m) million at 30 September 2012.

China Chaintek United Co: Liberum Capital ups target price from 290p to 324p staying with its buy recommendation.

Acquisition of Land Use Right
RNS
RNS Number : 2897A
China Chaintek United Co., Ltd
19 March 2013



19 March 2013





China Chaintek United Co., Ltd

("Chaintek", the "Company" or the "Group")

Acquisition of Land Use Right in respect of new logistics park

Chaintek is pleased to announce that it has acquired a Land Use Right ("LUR") relating to a plot of land of 145,600 m2 from the Government of China. The acquisition is in line with Chaintek's stated strategy of acquiring an LUR on which to construct a new logistics park, as detailed in the Group's AIM admission document and the trading update announcement on 31 October 2012. The plot of land is located 14 km from the Group's existing operational headquarters in Jinjiang, and is situated in an industrial zone which already houses a number of Chaintek's existing manufacturer customers.

The consideration payable for the LUR is RMB 221.0 million (approximately GBP 22.1 million), which is in addition to the RMB 52.0 million deposit already paid in 2011, and is 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) payable on 6 April 2013. The final payment of RMB 54.6 million (approximately GBP 5.46 million) is payable upon commencement of construction of the logistics park, which the Company anticipates starting in the second half of 2013. These payments are beingmade from the Company's existing cash balances.

The Company will update the market in due course with any further details regarding the construction of the new logistics park.

In addition, the Company has recently arranged a bank loan facility of RMB 50.0 million (approximately GBP 5.0 million). The coupon payable on the facility will be determined at the time of drawdown (but would be 6.8% based upon current rates) and is repayable one year after the drawdown. It has been provided by Bankof Chinaand will be used to provide additional working capital for the Company.

Commenting on the trading update, Shufang Zhuang, Executive Director and the Group's founder, commented:

"We are delighted to have finalised the acquisition of the Land Use Right, and are particularly pleased that it is located in such a strategically optimal position in the industrial zone. The acquisition is an important step on the way to constructing a new logistics park, which forms a key part of the Group's growth plans, and we look forward to updating the market with further developments as appropriate. We are also pleased to have finalised the debt facility, as it gives additional validation of the Group's business strategy from local lenders."

Final Results

Highlights

· Revenue growth in the year across both the Logistics Services and Inventory Solutions divisions.

· Diversification of customer base in the core Logistics Services Division, with 19% of total revenues coming from food and building materials, 71% from shoes and apparel, and a total of 289 customers at the year-end.

· High revenue growth of 95% in the Inventory Solutions Division, with five customers at the year-end.

· Construction of Inventory Solutions CDC in Jinjiang City of 24,200m2.

· Strong and experienced Non-Executive Directors appointed with a focus on transparency and good governance.

· Successful admission to the AIM market of the London Stock Exchange, raising gross proceeds of approximately £7.5 million.

· The Group received a Government grant of RMB1.55 million, being RMB1.4 million relating to an award from the China Federation of Logistic & Purchasing and RMB0.15 million for the Group's investment in logistics software system, giving further validation of the Government's endorsement of both ChainTek and the wider logistics industry.



Post year-end

· Acquisition of Land Use Right relating to a plot of land of 145,6000m2, with the intention of building a new logistics park in line with the Group's growth strategy.

· Signed new debt facility of RMB50 million (approximately £5.0 million) with the Bank of China.

· Addition of seven new customers in the Logistics Services business and one new customer in the Inventory Solutions business in 2013.






http://www.moneyam.com/action/news/showArticle?id=4565132

Chaintek to construct logistics park

http://chaintek-united.com/upload/201332317464483164.pdf

BUY
2 April 2013
Chaintek
Going for growth
PRICE: 237p | UK | LOGISTICS | CTEK.L | CTEK.LN
FY 2012 underlying FD EPS increased 30%, in line with increased
guidance. 30% organic sales growth . We show the impact of raising
RMB 300m of equity, which results in dilution now and benefits
later. Chaintek offers long term structural growth. Our 324p TP
implies a FY13 P/E of 9.1x and offers 38% upside. BUY.


http://liberum.eu.bdvision.ipreo.com/NSightWeb_v2.00/Downloads/Files/ae94cbe8-c4e9-421a-ae7e-4b334cfb4b75.pdf

Only just been placed on the company site -

China ChainTek United Co., Ltd.
Investor Presentation
September 2012

http://chaintek-united.com/upload/20134216164932904.pdf

Having had a good read - imoo it looks like if the new warehouse build proceeds its going to leave a cash call and the sp remaining static for some time. Finger nearing the sell button.

:-))

Trading Update

RNS


RNS Number : 6082F

China Chaintek United Co., Ltd

28 May 2013




28 May 2013

China Chaintek United Co., Ltd

("ChainTek" or the "Company"),

Trading Update


China ChainTek United Holdings Co., Ltd (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to give the following update on trading for the four month period ended 30 April 2013. Financial information contained in this announcement for the four month period is unaudited.


Trading for the period has been slightly ahead of management's expectations with revenue of RMB110.3 million (approximately £11.0 million), which represents a 7% increase to the comparable quarter in 2012. Of this, the logistics services business represented RMB95.1 million (approximately £9.5 million), with the inventory solutions business accounting for RMB15.2 million (approximately £1.5 million).



In line with the Company's stated strategy of diversifying its logistics services' client base, 30% of revenues in the period came from industries other than sport shoes and apparel, compared to 27% in the equivalent period in 2012. Since the start of the year, the Company has added seven new customers in its logistics services business (one in food industries, four in construction materials industries and another two in other industries) and one new customer in its inventory solutions business.



EBITDA for the period was RMB92.6 million (approximately £9.3 million) compared to RMB83.5 million (approximately £8.4million) for the equivalent period in the prior year. PBT was RMB91.6 million (approximately £9.2 million), which represents a 12% increase to the comparable quarter in 2012 of RMB81.8 million (approximately £8.2 million). As at 30 April 2013, the Group had a net cash position of RMB210.5 million (approximately £21.1 million).



As announced on 19 March 2013, the Company intends to build a logistics park which will be located on a plot of land in an industrial zone in Jinjiang just 14km from the Group's existing operational headquarters, and which already houses a number of ChainTek's existing manufacturer customers. The Company has entered into agreements with the local government and the developer of the logistics park to acquire the Land Use Right over the plot of land and will satisfy the final condition of the acquisition when it pays the final tranche of the consideration, which it anticipates doing in Q4 2013. The Company anticipates that construction of the logistics park will also commence in Q4 2013 and will update the market as appropriate.

Trading Update

RNS


RNS Number : 8589K

China Chaintek United Co., Ltd

05 August 2013









Press Release

5 August 2013




China Chaintek United Co., Ltd



("ChainTek" or the "Group")



Trading Update



ChainTek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide the following positive trading update ahead of the Group's Interim Results for the six months ended 30 June 2013, which will be announced in late September 2013. Financial information contained in this announcement for the six months period is unaudited.



The Board is pleased to confirm that trading for the period is in line with management's expectations with expected revenues of approximately RMB167 million (approximately £18 million), which represents a 6% increase to the comparable period in 2012. Of this, the logistics services business represented approximately RMB144 million (approximately £15 million), with the inventory solutions business accounting for approximately RMB23 million (approximately £3 million).



In line with ChainTek's stated strategy of diversifying its logistics services' client base, 30% of revenues in the period came from industries other than sport shoes and apparel, compared to 28% in the equivalent period in 2012. Since the start of the year, the Group has added fourteennew customers in its logistics services business (covering sectors including shoes and apparel, food, building materials and automobile parts) and one new customer in its inventory solutions business.



As previously announced on 19 March 2013, ChainTek intends to build a logistics park which will be located on a plot of land in an industrial zone in Jinjiang just 14km from the Group's existing operational headquarters, and which already houses a number of ChainTek's existing manufacturer customers. The Group has entered into agreements with the local government and the developer of the logistics park to acquire the Land Use Right over the plot of land and will satisfy the final condition of the acquisition when it pays the final tranche of the consideration, which it anticipates doing in October 2013.



In May 2013, the Chinese State Council issued new guidance notes on accelerating the improvement of logistics infrastructure across China, focused on developing nationwide logistics hardware facilities, reducing inappropriate road tolls, and constructing regional logistics centres. These new policies further demonstrate the Chinese government's support of the logistics industry as a whole in China. The Directors of ChainTek believe these policies will be beneficial to the Group's business model in the long term, as well as its near-term plan to construct a modern logistics park.



Xu Meijin, Chief Executive Officer of ChainTek, said: "The Board is pleased to report that trading across the Group's trading divisions is performing well and in line with our expectations. In the period, the Board has worked hard to diversify our client base in the logistics division and has successfully expanded into new sectors. The Board is also encouraged to see that the Chinese State Council is supporting the logistics industry by accelerating the improvement of infrastructure across the country, and is confident that this will further underpin the Group's long term strategy."



- Ends -

China Chaintek United - Interim Results

Click here

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."



- Ends -

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