DALLAS, Oct. 1, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring China BAK Battery Inc. (Nasdaq:CBAK). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on China BAK Battery Inc. (Nasdaq:CBAK) should be of particular interest to other financial services companies: Advanced Battery Tech. (Nasdaq:ABAT), China Ritar Power (Nasdaq:CRTP), Fushi Copperweld (Nasdaq:FSIN) and Harbin Electric (Nasdaq:HRBN).
The full report is available at: http://www.stockpreacher.com/n/CBAK
China BAK Battery Inc. (CBAK) is engaged in manufacturing rechargeable lithium-based battery cells. It produces battery cells that are the principal component of rechargeable batteries used to power applications such as cellular phones, notebook computers, portable consumer electronics such as digital cameras, portable media players, portable gaming devices and personal digital assistants (PDA), and other applications such as cordless power tools, mining lamps, light electric vehicles and hybrid electric vehicles. Its products are packed into batteries by third-party battery pack manufacturers in accordance with the specifications of manufacturers of portable electronic applications.
Message Board Search for CBAK: http://www.boardcentral.com/boards/CBAK
In the report, the analyst notes:
"CBAK net revenues for the third quarter of FY09 were $44.7 million, up 9.5% from $40.8 million last quarter, and down 34.7% from $68.5 million in the same quarter of last year. The increase in net revenues over the net revenues generated in the last quarter was the result of improving business environment in China, and new revenue sources such as polymer cells being used in notebook computers and prismatic cells exported to India.
"Since bottoming in early 2009, many analysts believe that the National Electrical Manufacturers Association's Electroindustry Business Confidence Index has shown general improvement across the four global regions surveyed. For example, survey respondents' opinions of current business conditions have improved since the beginning of the year, while the August 2009 report shows survey respondents in North America and Asia view positively the current business environment. In addition, respondents across all four regions (which include North America, Europe, Latin America, Europe and Asia) believe that future business conditions six months out are likely to improve."
To read the entire report visit: http://www.stockpreacher.com/n/CBAK
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