China Precision Steel, Inc.

(NASDAQ:CPSL)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Mar 31, 2010	Dec 31, 2009	Sep 30, 2009	Jun 30, 2009
Assets
Current Assets
Cash & Equivalents	12,735	12,752	13,703	13,650
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	26,857	23,525	31,395	32,153
Loans Receivable	—	—	—	—
Other Receivable	114	317	—	—
Receivables	26,972	23,842	31,395	32,153
Raw Materials	12,971	16,250	12,927	8,847
Work in Progress	6,748	4,556	307	2,819
Purchased Components	2,973	2,688	—	—
Finished Goods	9,782	1,698	3,666	2,191
Other Inventories	—	—	2,572	2,418
Inventories Adjustments and Allowances	-43	-43	—	—
Inventories	32,431	25,150	19,473	16,275
Prepaid Expenses	19,120	22,653	60	76
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	812	920	21,169	21,878
Total Current Assets	92,070	85,318	85,800	84,032
Land and Improvements	—	—	—	—
Building and Improvements	21,822	21,818	21,820	21,806
Machinery Furniture and Equipment	62,681	62,494	34,432	34,271
Construction in Progress	5,662	5,657	29,728	22,245
Other Fixed Assets	—	—	2,197	8,348
Total Fixed Assets	90,165	89,969	88,177	86,671
Gross Fixed Assets	90,165	89,969	88,177	86,671
Accumulated Depreciation and Depletion	13,093	11,432	10,472	9,265
Net Fixed Assets	77,072	78,538	77,705	77,406
Intangibles	1,842	1,852	1,863	1,871
Cost in Excess	100	100	100	100
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	—	—	—	—
Total Non Current Assets	79,014	80,490	79,668	79,377
Total Assets	171,084	165,807	165,467	163,409
Liabilities
Current Liabilities
Accounts Payable	5,888	6,347	9,298	7,144
Notes Payable	—	—	—	—
Short Term Debt	25,796	25,792	25,800	22,489
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	14,386	10,687	9,966	13,172
Total Current Liabilities	46,070	42,826	45,064	42,806
Non Current Liabilities
Long Term Debt	—	—	—	—
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	—	—	—	—
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	46,070	42,826	45,064	42,805
Total Liabilities	—	—	—	—
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	125,013	122,982	120,403	120,603
Common Par	47	47	47	47
Additional Paid in Capital	75,642	75,642	75,642	75,642
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	39,509	37,497	34,908	35,183
Treasury Stock	—	—	—	—
Other Equity Adjustments	9,816	9,796	9,807	9,732
Total Capitalization	125,013	122,982	120,403	120,603
Cash Flow	11,399	5,122	569	3,352
Working Capital	46,000	42,492	40,736	41,227
Free Cash Flow	-4,214	-4,194	-3,249	-10,226
Invested Capital	125,013	122,982	120,403	120,603
Total Equity	125,013	122,982	120,403	120,603
Total Liabilities and Stock Equity	171,084	165,807	165,467	163,408

	Jun 30, 2009	Jun 30, 2008	Jun 30, 2007	Dec 31, 2005
Assets
Current Assets
Cash & Equivalents	13,650	18,569	5,505	1,834
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	32,153	33,783	8,242	1,796
Loans Receivable	—	4,310	—	—
Other Receivable	—	572	86	—
Receivables	32,153	38,665	8,328	1,796
Raw Materials	8,847	8,376	—	1,432
Work in Progress	2,819	3,247	—	1,123
Purchased Components	—	—	—	—
Finished Goods	2,191	3,919	—	—
Other Inventories	2,418	2,273	15,724	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	16,275	17,815	15,724	2,556
Prepaid Expenses	76	58	—	174
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	21,878	33,027	11,783	258
Total Current Assets	84,032	108,134	41,339	6,617
Land and Improvements	—	22,726	—	—
Building and Improvements	21,806	21,685	11,361	146
Machinery Furniture and Equipment	34,271	565	21,456	3,906
Construction in Progress	22,245	16,476	—	—
Other Fixed Assets	8,348	—	—	—
Total Fixed Assets	86,671	61,452	32,818	4,053
Gross Fixed Assets	86,671	61,452	32,818	4,053
Accumulated Depreciation and Depletion	9,265	5,776	3,579	2,194
Net Fixed Assets	77,406	55,676	29,238	1,859
Intangibles	1,871	1,626	1,125	—
Cost in Excess	100	100	100	—
Non Current Deferred Income Taxes	—	—	—	179
Other Non Current Assets	—	—	10,356	—
Total Non Current Assets	79,377	57,401	40,819	2,038
Total Assets	163,409	165,535	82,158	8,655
Liabilities
Current Liabilities
Accounts Payable	7,144	12,048	4,856	1,021
Notes Payable	—	17,466	9,843	—
Short Term Debt	22,489	—	6,163	6
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	—	—	121
Deferred Revenues	—	—	1,893	630
Current Deferred Income Tax Liabilities	—	—	1,064	222
Other Current Liabilities	13,172	15,716	2,946	101
Total Current Liabilities	42,806	45,229	26,765	2,101
Non Current Liabilities
Long Term Debt	—	—	6,879	7
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	—	—	-2,591	—
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	42,805	45,229	31,053	2,108
Total Liabilities	—	—	4,288	7
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	120,603	120,306	51,105	6,547
Common Par	47	46	37	5
Additional Paid in Capital	75,642	75,372	31,867	1,512
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	35,183	35,591	17,008	5,030
Treasury Stock	—	—	—	—
Other Equity Adjustments	9,732	9,296	2,192	—
Total Capitalization	120,603	120,306	57,984	6,554
Cash Flow	3,352	20,798	9,831	651
Working Capital	41,227	62,905	14,574	4,516
Free Cash Flow	-10,226	-27,312	-7,094	930
Invested Capital	120,603	120,306	57,984	6,554
Total Equity	120,603	120,306	51,105	6,547
Total Liabilities and Stock Equity	163,408	165,535	82,158	8,655

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