WEST PALM BEACH, FL--(Marketwire - Jun 19, 2012) - Bullworthy, LLC, a digital investor and press relations firm focused on producing high-quality web content, is pleased to announce the company's analysts have initiated coverage on Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading manufacturer of interior porcelain wall and floor tiling for residential and commercial applications in Zhucheng, China.
Tom Copeland and Michael J. Carr CMT, both co-founders and partners at Bullworthy, LLC, engaged in a content and partnership agreement with Ziyang Ceramics in which the analysts have produced and distributed a detailed equities research report on the issuer. The 25-page Bullworthy Equities Research Report: Ziyang Ceramics (OTCBB: ZYCI) is now available for review and download in PDF form by clicking the link. It's hosted at Ziyang Ceramic's Bullworthy IR profile, featuring original journalistic and editorial commentary and analysis specifically tailored for ZYCI investors.
The purpose of the report is to provide other buy and sell side analysts, retail and institutional investors with a complete, realistic, and professional analysis of the issuer's business, stock and market opportunity.
Where other microcap stock research reports fail to deliver on a comprehensive, objective dissection of their subject's stock, market opportunity, and financial performance with pragmatic valuation projections and recommendations, Bullworthy analysts covering Ziyang Ceramics believe they've been thorough and diligent.
The report cites research and data collected on topics that range from the company's background, product line, and operations to the residential and commercial real estate market trends towards urbanization of major Chinese cities. The Financial Performance section provides a unique perspective and insight, with Bullworthy, LLC analyst writing, "Ziyang Ceramics has for the last two years enjoyed positive cash flow from operational activities."
The report comes on the heels of Ziyang Ceramics reporting impressive 1Q 2012 earnings on May 16th, 2012, in which the company reported net revenues of $11.4 million, an increase of 52.5% from the first quarter of 2011. The company also reported net income of $3.2 million, or $.42 per share on 7.5 million shares outstanding, its fourth straight profitable quarter.
In regards to the growing purchasing power and influence of China's growing middle class and a trend towards urbanization, an excerpt from the report reads, "A majority of international home décor and design trade shows today are concentrated in Chinese cities." Analysts go on to suggest how the popularity of home décor in China provides one possible explanation for Ziyang Ceramics' robust 1Q 2012 top-line revenue growth, and the nearly 39% increase in net revenues year-over-year from 2010 to 2011.
The report also addresses both the U.S. and global market demand and risks for interior porcelain floor and wall tiling; the state and nature of the white clay market from which the company derives the vast majority of its raw materials; and a Conclusions and Analyst Opinion section validated with third-party data and sources.
Bullworthy, LLC's 12-18 month price target using the Bullworthy Composite Valuation Model (BCVM) is $9.25 a share. The model is calculated using formulas that include price-to-earnings ratios, price-to-book ratios, and discounted cash flow with conservative variables, and smoothed for a final, average price target.
Quoted from the report, "Ziyang seems to have positioned itself well in all major aspects of their industry's best practices and operations, from quality control and development of new product lines to market access and long-term cost structuring, to continue benefiting from domestic demand from both individual consumers and commercial real estate developers for the company's ceramic and porcelain flooring and wall tiles."
Per the coverage agreement, Bullworthy, LLC, nor their company's shareholders have accepted compensation from Ziyang Ceramics of its affiliated shareholders for this coverage. Representatives of Ziyang Ceramics have agreed to provide Bullworthy with feedback on the services they provide.
About Ziyang Ceramics Corporation
Ziyang Ceramics Corporation, headquartered in Zhucheng city of Shandong Province in China, manufactures porcelain tiles used for interior residential and commercial applications and sells through a distribution network of more than 150 distributors across 10 provinces, concentrating on major second and third tier cities located primarily in Eastern and Central China. For more information about Ziyang Ceramics Corporation, please visit: www.ziyangcorp.com.
About Bullworthy, LLC
Bullworthy, LLC is an emerging digital investor and press relations firm focused on high-quality content production and distribution for small and microcap publicly-traded companies. The company is headquartered in West Palm Beach, Florida, with a satellite office in Denver, Colorado. For more information about Bullworthy, LLC, please visit: www.bullworthy.com.
Safe Harbor Statement
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Ziyang Ceramics Corporation is hereby providing cautionary statements identifying important factors that could cause it's actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding the growth of our sales and distribution network and our expectations regarding new product development, cash flow, revenues, earnings and customer demand.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2011.