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Longwei Petroleum (LPIH)

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Last Post: 7/20/2017 3:25:05 PM - 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
#9136   I got one probably a little over a chiefs1 07/20/17 03:25:05 PM
#9135   who has gotten a ck so far ? Watcher31 07/20/17 12:31:31 PM
#9134   Not off hand I figured even if I chiefs1 07/15/17 07:13:46 PM
#9133   Has anyone reached anyone from the company ? Watcher31 07/15/17 11:36:38 AM
#9132   The last yearly results that were issued in chiefs1 07/15/17 08:40:17 AM
#9131   Yeah, year end is June 30... Hopefully we chiefs1 06/28/17 09:55:10 AM
#9130   Here are some interesting updates: honestengine_rh 06/28/17 09:12:26 AM
#9129   Well it's been 31 days since the settlement chiefs1 06/22/17 06:59:55 PM
#9128   Just waiting to see if another check shows chiefs1 06/13/17 10:04:53 AM
#9127   I've moved some more money into my account....just chiefs1 06/09/17 09:02:48 AM
#9126   Look at the 60,000 shares after-hours today. honestengine_rh 06/08/17 08:45:57 PM
#9125   The inventory capacity allegations are baseless. The honestengine_rh 06/08/17 12:04:39 PM
#9124   Good find. I just looked at chiefs1 06/08/17 08:48:21 AM
#9123   Longwei has 3 new members in top management: honestengine_rh 06/08/17 12:57:12 AM
#9122   Longwei added a friend 16 hours ago. honestengine_rh 06/06/17 04:25:48 PM
#9121   OOPS! Make that 0.102262 per share! hopcroft 06/06/17 02:49:39 PM
#9120   Received my check today! .0102262 per share. hopcroft 06/06/17 02:25:16 PM
#9119   I sent a email and left a voice chiefs1 05/29/17 09:51:36 AM
#9118   I sent a email and left a voice chiefs1 05/29/17 09:51:34 AM
#9117   I saw in the February 2016 article from chiefs1 05/29/17 09:43:47 AM
#9116   Seeking alpha, February 21, 2016....It's been a long chiefs1 05/28/17 10:02:25 PM
#9115   I just hope their still in business. chiefs1 05/27/17 02:01:44 PM
#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
PostSubject