Tantech Bamboo was established in October 2002 under the trading name “Lishui Zhonglin High Tech Co., Ltd.” by its incumbent owner. Following the establishment of the Forasen Green Energy Group, later renamed Forasen Group Ltd. (“Forasen Group”), in May 2003, 60% of THL's shares were acquired by the Forasen Group. A second subsidiary, Tantech Charcoal, was acquired in September 2006 to manage the Forasen Group's export business. In September 2008 a third subsidiary, Tantech Energy, was established to research and develop bamboo charcoals application as a carbon component for EDLCs. On December 14, 2017, the Company entered into a sale agreement and related agreements to transfer its EDLC carbon business (including intellectual property rights and equipment) to Zhejiang Apeikesi Energy Co., Ltd. (the “Buyer”), a PRC start-up company controlled by Dr. Zaihua Chen, the Company's then Chief Technology Officer. Following the renaming of the Forasen Group to its current name, 95% of Tantech Bamboo's shares were acquired by USCNHK, a Hong Kong registered company, in December 2010. In May and December 2016, Tantech Holdings (Lishui) Co., Ltd., formerly Zhejiang Tantech Bamboo Technology Co., Ltd., a USCNHK's wholly owned subsidiary, acquired 100% of Tantech Bamboo's shares from USCNHK and five individuals.
Below is a brief timeline of key dates in our Company's history since its formation.
·September 2001: Tantech Charcoal is established.
|Comps ($'000 TTM)||Market Cap||Gross Margin||EV/EBITDA||Ret on Assets||Assets||Liabilities||Revenue||G Profit||Net Income||EBITDA||EV|
|Advanced Emissions Solutions (ADES)||226,923||13%||4.3||19%||187,072||79,311||50,679||6,594||35,017||61,441||264,732|
|Flotek Industries (FTK)||186,960||22%||1.3||23%||263,816||42,140||192,386||42,112||59,945||70,601||89,451|
|NL Industries (NL)||181,313||31%||2.8||2%||590,835||262,209||122,335||38,059||10,514||17,344||49,030|
|LSB Industries (LXU)||102,947||8%||7.4||-4%||1,141,274||819,216||390,190||29,664||-44,038||68,063||501,812|
|Tantech Holdings (TANH)||50,782||0%||134,194||24,208||0||0||0||0||40,912|
|Gulf Resources (GURE)||46,631||52%||2.3||-19%||329,564||41,722||6,391||3,296||-63,816||-49,402||-113,723|
|Flexible Solutions International (FSI)||45,197||36%||7.5||13%||32,237||12,153||23,196||8,394||4,194||5,780||43,201|
|Delta Technology Holdings (DELT)||13,293||0%||67,175||89,982||0||0||0||0||12,275|
|Synthesis Energy Systems (SES)||6,178||87%||-1.0||-125%||9,010||7,748||422||369||-11,219||-9,879||9,502|
|Pacific Ethanol (PEIX)||42||-1%||137.2||-9%||685,820||384,500||1,406,926||-15,571||-60,060||1,685||231,166|
|Element Solutions (ESI)|
|Urban Tea (MYT)|
|Methanex Corporation (MEOH)|
|Westlake Chemical Partners (WLKP)||29%||-0.0||23%||1,410,904||438,790||1,268,523||370,148||323,887||431,019||-17,473|
|Sinopec Shanghai Petrochemical (SHI)||0%||44,385,897||13,923,456||0||0||0||0||-8,719,811|
|Green Plains Partners (GPP)||0%||2.3||40%||123,178||197,055||90,935||0||49,544||61,811||139,980|
|Balance Sheet ($'000)||2014-12-31||2015-12-31||2016-12-31||2017-12-31||2018-12-31|
|Income Statement ($'000)||2014-12-31||2015-12-31||2016-12-31||2017-12-31||2018-12-31|
|Cost of Revenue||44,853||41,948||34,122||32,406||21,532|
|Cash Flow ($'000)||2014-12-31||2015-12-31||2016-12-31||2017-12-31||2018-12-31|