the Consolidated Entity has a significant working capital surplus;
• the Consolidated Entity has significant customer base and demand for its electric powered two-wheel vehicle products is increasing. As the units increase, this will further reduce the cost of goods manufactured due to achieving higher levels of economies of scale, which will further improve the gross profit margins;
• the Consolidated Entity’s Stage 1 and 2 of the Nanjing Facility have been completed and have been used as security for its existing operating facility. As at the date of this report, RMB20 million (approximately AUD4.1 million) of the operating facility is still available for draw down if required;
• the Directors have prepared cash flow forecasts that indicate the Consolidated Entity will be cash flow positive for the next 12 months from the date of signing of this half-year financial report and will enable the Consolidated Entity to pay its debts as and when they fall due.
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $48.09M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 11.5¢ | $43.60K | 365.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 68636 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 79333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 68636 | 0.115 |
4 | 81022 | 0.110 |
1 | 8257 | 0.105 |
3 | 24500 | 0.100 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 79333 | 1 |
0.125 | 113106 | 2 |
0.130 | 447698 | 5 |
0.140 | 563112 | 2 |
0.145 | 112654 | 3 |
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