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SORL SORL Auto Parts

As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts Inc. (NASDAQ: SORL) is the market leader for commercial vehicles brake systems, such as trucks and buses in China. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake systems and others. The Company has four authorized international sales centers in UAE, India, the United States and Europe. SORL is working to establish a broader global sales network. For more information, please visit http://www.sorl.cn.

Company profile

Ticker
SORL
Exchange
Website
CEO
Xiao Ping Zhang
Employees
Incorporated
Location
Fiscal year end
Former names
Enchanted Village Inc, SORL Auto Parts Inc
SEC CIK
IRS number
300091294

SORL stock data

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Calendar

8 Jun 20
22 Apr 21
31 Dec 21
Quarter (USD)
Sep 19 Jun 19 Mar 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.95M 46.95M 46.95M 46.95M 46.95M 46.95M
Cash burn (monthly) (positive/no burn) 2.45M (positive/no burn) (positive/no burn) 4.57M 3.65M
Cash used (since last report) n/a 46.05M n/a n/a 85.85M 68.57M
Cash remaining n/a 899.04K n/a n/a -38.9M -21.62M
Runway (months of cash) n/a 0.4 n/a n/a -8.5 -5.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 May 20 Shuping Chi Common Stock Sell Dispose S No No 0 1,135,938 0 0
15 May 20 Ruili International Common Stock Other Dispose J No No 0 11,359,403 0 0
15 May 20 Ruili International Common Stock Buy Aquire P No No 0 11,359,403 0 11,359,403
15 May 20 Xiao Feng Zhang Common Stock Sell Dispose S No No 0 1,135,938 0 0
15 May 20 Zhang Xiao Ping Common Stock Sell Dispose S No No 0 9,087,527 0 0
15 May 20 Huilin Wang Common Stock Sell Dispose S No No 0 200 0 0

Financial report summary

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Competition
WABCOKnorr-BremseNetworks
Management Discussion
  • Total sales were $540.2 million and $468.0 million for the years ended December 31, 2019 and 2018, respectively, representing an increase of $72.2 million or 15.4% year over year. The increase was mainly due to the increased sales of commercial vehicle brake systems to China OEM market. 
  • The sales from commercial vehicle brake systems increased by $62.5 million or 16.2%, to $448.7 million for the year ended December 31, 2019, compared to $386.2 million for the year ended December 31, 2018. The sales from passenger vehicle brake systems increased by $9.6 million or 11.7%, to $91.5 million for the year ended December 31, 2019, compared to $81.9 million for the year December 31, 2018. Our high quality, low cost products continued to generate higher sales and further penetrated into the vehicle market, which impacted the sales of the vehicle brake systems.
  • With the increase of the production and sales of the commercial vehicle market, our sales to the Chinese OEM market increased by $21.0 million or 8.9%, to $257.1 million in 2019, from $236.1 million in 2018.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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