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Longwei Petroleum (LPIH)

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Last Post: 5/23/2017 9:06:17 AM - Followers: 101 - Board type: Free - Posts Today: 0

Company Overview:

Share count:
86.1 million Basic
113.8 million diluted

Founded in 1995 and approved by the Ministry of Commerce of the People's Republic of China, Longwei is one of the leading diesel, gasoline, fuel oil and solvent oil distributors/wholesalers in Taiyuan City, Shanxi Province, P.R. China. The Company sells its products mainly to large-scale gas stations, coal plants and power supply companies, and on a smaller scale to small, independent gas stations. Longwei also owns a railway system to transport its products to customers. The Company has 40 employees, including three management personnel.

The Company's third-largest customer base is made up of small independent gas stations. Longwei owns twelve gas stations in Shanxi Province, of which it operates one, with the other eleven being franchised gasoline stations.

The Shanxi Province is growing at 9%-10% a year and is the third largest consumer of petroleum products in China. In fact, the power plants in Shanxi Province provide Beijing — China's second largest city and capital — with 30% of its electricity. Currently, there are 4,692 gas stations servicing approximately four million cars in the province, providing Longwei with an abundant available target market for its products. In addition, Shanxi Province is a highly localized and specialty market, thus Longwei does not compete at the national level.

Link to the company's latest earnings PR for the 1st quarter of Fiscal year 2010:   http://finance.yahoo.com/news/Longwei-Petroleum-Announces-prnews-2586701282.html?x=0&.v=19

    -- Revenue up 33% Year-over-Year to $59.36 million
    -- Net Income up 31% Year-over-Year to $7.21 million, or $0.09 EPS
    -- Net Income Excluding Non-Cash Fair Value Adjustments Associated with
       Stock Warrants was $8.26 million, or $0.10 EPS
    -- Operating Income up 48% Year-over-Year to $11.06 million

Mr. Cai Yongjun, chairman and chief executive officer of Longwei Petroleum Investment Holding Ltd., stated: "I am very pleased with our financial results for the first quarter of fiscal 2010. I can also say that plans to have our Gujiao facility fully operational in January 2010 are on track, and the facility is already fulfilling some small but daily customer orders for us at this time. We look forward to strong growth in both Taiyuan and Gujiao during the next several years to come."

* Longwei owns one state-of-the-art fuel storage facility with 14 storage tanks providing a total capacity of 50,000 metric tons in the Shanxi Province.

• The Company is currently constructing a second fuel storage facility in the industrial city of Gujiao which will add 70,000 metric tons to Longwei’s total capacity. Construction is expected to be completed by the end of 2009.

 

• Longwei has exhibited average year-over-year revenue growth of 46% and net income growth of 39% over the last five years.

Company website:       http://longweipetroleum.com/  

Investor Relations:     RedChip Companies, Inc. - Dave Gentry (407)644-4256 ext. 104    e-mail: dave@redchip.com     http://www.redchip.com/home.aspx

Link to video about Longwei's operations:  (Copy & Paste) mms://wm.vitalstreamcdn.com/aurelius_vitalstream_com/RC/podcasts/lpih/LPIH_Promo_8212009.wmv

 

 

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PostSubject
#9114   Settlement was signed yesterday. Checks must be mailed honestengine_rh 05/23/17 09:06:16 AM
#9113   What's your best guess on the time frame chiefs1 05/19/17 01:00:29 PM
#9112   I sent a email to Tim Evans about chiefs1 05/18/17 11:41:28 AM
#9111   Payout is $.103; there were only 7.3M shares. honestengine_rh 05/18/17 09:01:16 AM
#9110   Which location? chiefs1 05/17/17 08:45:53 AM
#9109   they booked the oil trades thru that location, Watcher31 05/15/17 10:18:58 PM
#9108   Hmm, sounds like our government. I hadn't heard joev2 05/15/17 07:19:01 PM
#9107   I read somewhere he one of the court chiefs1 05/15/17 05:48:35 PM
#9106   The company apparently was somewhat successful years back. joev2 05/15/17 03:07:08 PM
#9105   Google longwei petroleum and scroll down to last chiefs1 05/15/17 02:48:47 PM
#9104   All the facilities in China were real. Watcher31 05/15/17 01:45:29 PM
#9103   Okay, so why would Longwei a public company joev2 05/15/17 01:22:11 PM
#9102   LPIH under reported earnings, that all I saw Watcher31 05/15/17 10:19:41 AM
#9101   He gets the information from Longwei's 'make believe' joev2 05/15/17 10:12:40 AM
#9100   All the information you're talking about his from chiefs1 05/13/17 02:35:21 PM
#9099   where did you get this info ? Watcher31 05/12/17 02:09:16 PM
#9098   They are earning $100M a year. Just honestengine_rh 05/12/17 10:26:08 AM
#9097   Fantastic news do you have a link or chiefs1 05/12/17 09:53:53 AM
#9096   Claimants will receive about $.13 per share. Distribution honestengine_rh 05/12/17 09:16:02 AM
#9095   My bad....I saw 5/15/2017 and was thinking April chiefs1 05/02/17 08:23:41 AM
#9094   Anybody know what the final payout per share chiefs1 04/21/17 02:23:33 PM
#9093   Yo Why Is There A Class Action Lawsuit?Is iluvkush 04/13/17 01:33:04 AM
#9092   From what others have said. A dividend chiefs1 04/12/17 09:43:41 AM
#9091   the settlement was from cash on hand not Watcher31 04/11/17 12:21:34 PM
#9090   My shares at .01 were lpih, bought after chiefs1 04/11/17 09:47:35 AM
#9089   I don't think u can collect on the joev2 04/11/17 04:36:37 AM
#9088   Lol, yes I agree .04 sucks....but that $1000+ chiefs1 04/10/17 09:04:16 PM
#9087   Yes, cha-ching for getting .04 per share on joev2 04/10/17 03:27:49 PM
#9086   Do they pay DTC as a group ? Watcher31 04/10/17 02:44:03 PM
#9085   All done just waiting on the. Cha-ching chiefs1 04/10/17 02:04:49 PM
#9084   I'm one of the ones that needs to chiefs1 03/30/17 09:02:13 AM
#9083   Settlement should be on 5/11/17. Distributions for honestengine_rh 03/29/17 01:38:06 PM
#9082   That sounds like it might be region or honestengine_rh 03/07/17 02:06:00 PM
#9081   Chinese companies paying out dividends helps the cause. surfer44 03/07/17 09:55:35 AM
#9080   I don’t know about that because other Chinese honestengine_rh 03/07/17 09:38:25 AM
#9079   Minute Entry for proceedings held before Judge Richard honestengine_rh 03/07/17 09:26:59 AM
#9078   Sure would be nice if we heard some chiefs1 02/07/17 05:26:33 PM
#9077   What might be in our favor is that chiefs1 01/28/17 08:43:39 PM
#9076   A dividend would be really nice. I'm wondering surfer44 01/27/17 09:52:56 PM
#9075   I'm hoping the first one is really soon....like chiefs1 01/27/17 09:23:34 PM
#9074   I'm loving what I'm hearing...I'll take a check chiefs1 01/27/17 09:22:22 PM
#9073   There is an option to re-invest the dividends. honestengine_rh 01/27/17 07:41:36 PM
#9072   It means that annual dividends will be issued honestengine_rh 01/27/17 07:21:03 PM
#9071   . So what does this mean I, they're chiefs1 01/27/17 06:48:06 PM
#9070   Schwab buy order had new message. See 3. honestengine_rh 01/27/17 05:24:14 PM
#9069   American depository receipts. Try the google, as honestengine_rh 01/18/17 08:30:25 AM
#9068   Wait no more, $.30 annual dividends are around honestengine_rh 01/18/17 08:25:51 AM
#9067   It's been four years since Geo's massive attack uuarecriminal 01/03/17 12:23:27 PM
#9066   I forget...what are adr's chiefs1 01/02/17 08:27:39 PM
#9065   Attorneys want 20 more days. Reminder: there are honestengine_rh 12/28/16 09:00:33 AM
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