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Longhai Steel, Inc (LGHS)

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Last Post: 7/16/2014 10:11:14 PM - Followers: 107 - Board type: Free - Posts Today: 0






 





Company Website:  http://www.longhaisteelinc.com/

Company Information: Investor Presentation Package 2011
 

Compay is Fully Filing: OTCQB on OTCMarkets

 

Recent Events:



1-1-12: Steven J Ross hired as Director and Executive VP

On August 1, 2011, Longhai entered into a lease agreement with Xingtai Longhai Steel Group Co. Ltd. (the "Landlord"), a related party, pursuant to which Longhai leased approximately 90,500 square meters of manufacturing space and all wire making equipment contained in the space (the "Lease"). Longhai commenced the Lease on August 1, 2011 and started operating the new production line (the "New Line") on August 22, 2011. The New Line has the capacity to produce alloy steel, cold forging steel and welding rod. It is expected to increase Xingtai Longhai's annual capacity and profit by approximately 60%


NASDAQ Offering

 

Share Structure: (as of Nov. 4, 2011)

Authorized: 100M
Outstanding: 10,000,418

Float 750,993. Per the Company and TA.


Transfer Agent:

Interwest Transfer Company, Inc.
1981 Murray Holladay Road, Suite 100
Salt Lake City, UT  84117

Phone: (801)272-9294
Fax: (801)277-3147



Financial Information per last 10Q (Q3:  9-30-11):

Assets: $95M
Liabs: $44M
Net Worth: $51M

Shareholders Equity: $51M = $5.07/share

Last Q Revenues: $119M
Last Q Net Income: $979K = .10/share

LGHS Filings


Overview

Through its Chinese operating company, Longhai manufactures steel wire products in diameters from 6.5 to 10 millimeters on two wire production lines that have a total annual capacity of about 900,000 metric tons.

Longhai's output is sold to several distributors who transport the wire to nearby wire processing companies that make a variety of products including screws, nails, and wire mesh used to reinforce concrete and for fencing.

Longhai manufactures on demand. Sales prices are set at the market price for wire on a daily basis. Customers usually prepay with their orders, then the final prices are adjusted to the market price on the day of pickup by the customer. This allows Longhai to maintain low inventory of both wire and raw materials and minimizes its exposure to commodity price volatility. To increase sales and be price competitive, Longhai occasionally offers discounted wholesale prices.

Sales efforts are directed toward developing and sustaining long-term relationships with customers who are able to purchase in large quantities. In 2010, Longhai's top five distributors accounted for about 40% of our sales.

Longhai's production facilities, located in Xingtai, Hebei province, cover 107,000 square meters. The plant includes a single steel furnace with its coarse and intermediate rolling mills that then feeds two precise wire rolling and drawing lines that create the finished products. This design yields high quality, high volume, and competitive manufacturing costs per ton.
 

Management Team

http://www.longhaisteelinc.com/corporate-info/management-team

Mr. Chaojun Wang
Chairman and CEO

Mr. Wang has served as our Chairman and Chief Executive Officer since March 2010, has served as the Chief Executive Officer of our Chinese operating company since its inception in 2008, and has served as Chairman of the Longhai Steel Group, our former parent company, since 1999.  Mr. Wang is a member of the local parliament.  He holds a Bachelor's degree in Enterprise Management from the Shijiazhuang Railway College.  Born in 1955, he is 55 years old.

 

Mr. Heyin Lv
Chief Financial Officer

Mr. Lv joined Xingtai Longhai Steel Group Co., Ltd., the Company's then parent company in April 2008. He was later appointed as the Chief Financial Officer of Xingtai Longhai Wire Rod Co., Ltd., the Company's operating subsidiary, and served from August 2008 to July 2011. He was responsible for financial reporting, financial planning and analysis, budgeting and treasury management. From 2007 to March 2008, Mr. Lv was an auditor with Xingtai Zhengda Audit Firm. In 2006, Mr. Lv was the Financial Director of Hebei Xingda Group, responsible for financial reporting and treasury management. From 2001 to 2005, Mr. Lv served as the Financial Manager for Xingtai Century Auto Trading Co., Ltd., responsible for financial reporting and financing. Mr. Lv graduated from Xingtai Accounting and Trade School and earned a bachelor's degree in Accounting. He is a Certified Public Accountant in China.




DAILY CHART

 







WEEKLY CHART
 





Venue Change

Date : 05/21/2013 @ 1:01AM
Source : OTC Markets
Stock : Longhai Steel, Inc. (PL) (LGHS)
Quote : 0.1 0.0 (0.00%) @ 5:32AM
 

Venue Change

Tue, May 21, 2013 12:00 - Longhai Steel, Inc. (LGHS: OTC Link) - Venue Change - The symbol, LGHS, no longer trades on OTC Link/FINRA BB. As of Tue, May 21, 2013, LGHS trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com.

 
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LGHS
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PostSubject
#8052   In China, Beijing Fights Losing Battle to Rein TallTrader 07/16/14 10:11:14 PM
#8051   "I hope, pray... Someday something happens here...again..." sunspotter 05/02/14 04:12:25 AM
#8050   Thanks for posting.... I hope, pray... Someday something greenlife 05/01/14 08:50:09 PM
#8049   LGHS >> MM MONTHLY >> APRIL 2014 fourkids_9pets 05/01/14 01:22:56 PM
#8048   LGHS >> MM MONTHLY >> MAR 2014 fourkids_9pets 05/01/14 01:07:13 PM
#8047   LGHS >> MM MONTHLY >> FEB 2014 fourkids_9pets 03/13/14 09:34:37 AM
#8046   Why savvy investors worry about probable scams like sunspotter 02/19/14 12:42:18 PM
#8045   The only *pattern* with LGHS is that it's sunspotter 02/19/14 12:40:07 PM
#8044   There's no mystery, no manipulation of the LGHS sunspotter 02/19/14 12:39:29 PM
#8043   Longhai Steel, Inc.??? Really??? parttimetrader 02/19/14 12:21:24 PM
#8042   Thank-you for the monthly update...interesting to see what greenlife 02/03/14 12:39:51 PM
#8041   LGHS >> MM MONTHLY >> JAN 2014 fourkids_9pets 02/03/14 11:41:43 AM
#8040   There's no mystery, no manipulation of the LGHS sunspotter 01/02/14 08:59:49 AM
#8039   LGHS >> MM MONTHLY >> DEC 2013 fourkids_9pets 01/02/14 08:37:52 AM
#8038   to each their own fourkids_9pets 12/07/13 12:21:10 PM
#8037   The only *pattern* with LGHS is that it's sunspotter 12/07/13 10:51:30 AM
#8036   speaking of holes >> fourkids_9pets 12/07/13 10:31:10 AM
#8035   "Interesting.... Knight is busy... Why?..." sunspotter 12/03/13 08:14:11 AM
#8034   because nite (and the occasional reset partner) >> fourkids_9pets 12/02/13 04:07:28 PM
#8033   Interesting.... Knight is busy... Why?... greenlife 12/02/13 04:03:31 PM
#8032   LGHS >> MM MONTHLY >> NOV 2013 fourkids_9pets 12/02/13 12:43:52 PM
#8031   Thank-you, i look forward to your post, as greenlife 11/02/13 05:46:37 PM
#8030   greenlife >> i just posted the LGHS OCT fourkids_9pets 11/02/13 05:27:08 PM
#8029   LGHS >> MM MONTHLY >> OCT 2013 fourkids_9pets 11/02/13 05:25:33 PM
#8027   We are still at . 10... Not. In greenlife 11/02/13 12:15:25 AM
#8025   "I hope someday we have financials....." sunspotter 10/02/13 04:39:31 AM
#8024  Restored "I hope someday we have financials....." sunspotter 10/01/13 03:20:06 PM
#8023   Thank-you... I hope someday we have financials..... greenlife 10/01/13 03:11:23 PM
#8022   LGHS >> MM MONTHLY >> SEP 2013 fourkids_9pets 10/01/13 11:11:22 AM
#8021   LGHS >> MM MONTHLY >> AUG 2013 fourkids_9pets 09/04/13 02:59:17 PM
#8020   LGHS >> MM MONTHLY >> JUL 2013 fourkids_9pets 08/02/13 12:18:44 PM
#8019   We seem to be inching our way up greenlife 08/01/13 02:51:25 PM
#8018   Another day green... Please, please give us fins.... greenlife 07/30/13 10:07:47 PM
#8017   LGHS >> MM MONTHLY >> JUN 2013 fourkids_9pets 07/01/13 10:20:55 AM
#8016   Thanks again... Still ... Is there something still fourkids_9pets 06/19/13 07:51:51 AM
#8015   Thanks again... Still ... Is there something still greenlife 06/18/13 10:15:25 PM
#8014   LGHS >> trading data can be found via fourkids_9pets 06/18/13 07:58:19 PM
#8013   "nonsense sunspotter 06/18/13 05:10:11 PM
#8012   Thanks, that is an interesting mix for the greenlife 06/18/13 04:39:27 PM
#8011   LGHS >> trades >> so far in June (2013) fourkids_9pets 06/18/13 10:58:52 AM
#8010   Well, well. Finally a day of volume and greenlife 06/17/13 06:24:54 PM
#8009   LGHS >> MM MONTHLY >> MAY 2013 fourkids_9pets 06/03/13 10:29:50 AM
#8008   And intriguing. Good to read, Dadx4. Renee 05/26/13 02:05:21 PM
#8007   Interesting: dadx4 05/26/13 12:05:52 PM
#8006   LGHSE: Failure To Comply With NASD 6530; added Renee 05/20/13 06:36:01 PM
#8005   Can't see the trades...they must be blurred. MacFly 05/07/13 09:02:35 PM
#8004   LGHS >> MM MONTHLY >> APR 2013 fourkids_9pets 05/03/13 08:21:23 AM
#8003   tsk tsk .. nonsense indeed fourkids_9pets 04/30/13 03:50:18 PM
#8002   "nonsense sunspotter 04/30/13 03:14:44 AM
#8001   so, what happened here???......I remember when it was MorningLightMountain 04/29/13 11:06:40 PM
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