China Intelligent Lighting (CIL) has signed contracts with distributors to open another 300 distribution outlets in China in 2011 to sell the Hyundai brand and its own CINLE brand of LED lighting products. The distributors will initially sign 2 year contracts and CIL will invest about $7.5K in each store ($2.3 million total). This announcement of 300 additional distribution outlets brings the total to 2500 across 30 provinces in China.
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China Intelligent Lighting (CIL) Expands Capacity 20%
China Intelligent Lighting (CIL) has announced it’s expanding its LED manufacturing operations, leasing a new 215K sq foot facility which opened yesterday. The facility will contain production lines, R&D and office space. Five new new production lines, one of which will be used for LED street lamp components, is expected to increase total capacity by up to 20% and be fully operational within a couple months.
China Intelligent Lighting (CIL) Reports Mixed Results
China Intelligent Lighting (CIL), the only China LED stock on a major US exchange, has reported solid results this morning but missed a bit on the EPS side. The company posted an EPS of .17/share vs the analyst estimate of .20 on revenues of $20.25 million vs the analyst estimate of $18.6 million.
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Ms. Li Xuemei, Chairman and Chief Executive Officer of China … Read the rest
China Govt Concerned About LED Investments Burning Out
The Chinese government has created an environment for big growth in LED manufacturing, but according to officials from MIT they are now concerned that aggressive investment could overheat the industry. Much of the profit in the LED industry is in the chip production, but China’s focus has been primarily on the packaging side which is far less profitable. The government has been supportive in helping to expand the LED chip manufacturing business by offering subsidies … Read the rest
China Intelligent Lighting (CIL) Reports Mixed Results, Guides Above
China Intelligent Lighting and Electronics (CIL) is reporting mixed Q2 results this morning, missing on the EPS side posting .18 vs the estimate of .20. They beat on revenues posting $18.5 million vs the analyst estimate of $17.5 million. It should be noted that these are the numbers of the lone analyst covering this company. Sequentially and in comparison to the year ago quarter, those numbers do represent decent growth. Quarter over quarter, it represents … Read the rest
China LED IPO China Intelligent Lighting (CIL) Begins Trading
A new green stock that traders will undoubtedly have their eye on in the coming months is the first China LED play to trade on a US exchange. China Intelligent Lighting (CIL) began trading today on the AMEX under the ticker CIL. It’s showing excellent liquidity out of the gates, already trading nearly a million shares before the half way point.
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The company raised $10 … Read the rest