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Longwei Petroleum (LPIH)

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Last Post: 11/30/2016 9:11:29 AM - Followers: 100 - 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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#9064   The attorneys want 30 more days as they honestengine_rh 11/30/16 09:11:29 AM
#9063   The attorneys want 30 more days as they honestengine_rh 11/30/16 09:09:16 AM
#9062   Does anybody know what happened in court yesterday chiefs1 11/29/16 12:07:55 PM
#9061   There are 8.4M ADR shares for which proof honestengine_rh 11/28/16 08:45:34 AM
#9060   There are 8.4M ADR shares for which proof honestengine_rh 11/28/16 08:45:33 AM
#9059   Hopefully no more delays after Monday chiefs1 11/25/16 10:54:20 AM
#9058   That's disappointing, I was hoping the court would chiefs1 11/02/16 09:45:33 AM
#9054   $LPIH fairness hearing adjourned until 11/28/16. honestengine_rh 11/02/16 08:28:41 AM
#9050   If Longwei shorts did not have to cover, honestengine_rh 10/28/16 09:36:29 AM
#9049   Mostly, naked shorts don't exist, but popular for Homebrew 10/27/16 06:51:32 AM
#9043   Naked shorts in some cases NEVER cover... Watcher31 10/24/16 08:02:42 PM
#9042   Your first thought clearly fits. As to the joev2 10/24/16 03:05:02 PM
#9041   Sounds good to me. chiefs1 10/24/16 10:00:52 AM
#9040   I suggest that you try to comprehend this. honestengine_rh 10/24/16 09:18:03 AM
#9039   Re honest engine Flygy481 10/22/16 11:48:44 AM
#9038   Are you a mindless pumper, or, is this Flygy481 10/22/16 11:48:16 AM
#9037   Longwei is lying low until the lawsuit is honestengine_rh 10/22/16 10:08:22 AM
#9036   I hope they answered all the questions the chiefs1 10/21/16 01:47:17 PM
#9035   Geo got on this distinguished list. And honestengine_rh 10/21/16 11:43:20 AM
#9034   That's good, let's wrap this thing up and chiefs1 10/21/16 09:25:03 AM
#9033   There is one more twist in this settlement. honestengine_rh 10/21/16 09:06:56 AM
#9032   Sure would be nice to see this price chiefs1 10/20/16 10:31:56 AM
#9031   I would say within a few weeks; months honestengine_rh 10/20/16 09:39:24 AM
#9030   I would say within a few weeks; months honestengine_rh 10/20/16 09:39:09 AM
#9029   After November 1st once they get this finalized. chiefs1 10/20/16 07:06:49 AM
#9028   It looks like the auditors do not want honestengine_rh 10/19/16 11:36:44 PM
#9027   Darn it oh well we've been waiting nearly chiefs1 10/19/16 01:21:07 PM
#9026   Fairness heating postponed until 11/1/16. honestengine_rh 10/19/16 08:51:11 AM
#9025   14 days and counting....can't wait for some news chiefs1 10/06/16 04:41:43 PM
#9024   I just received mine last Saturday. Only have chiefs1 09/21/16 10:47:40 AM
#9023   Lol, I hope you are right.we'll see in chiefs1 09/01/16 09:48:35 AM
#9022   They are 7000 miles away in China. honestengine_rh 08/31/16 09:29:07 PM
#9021   I spoke with someone at faruqi last week chiefs1 08/16/16 01:39:18 PM
#9020   Sorry I meant, lph not double crown. chiefs1 08/10/16 09:46:29 AM
#9019   I haven't received one for double crown yet, chiefs1 08/10/16 09:44:23 AM
#9018   That would make sense, but those buying today joev2 08/07/16 07:14:43 AM
#9017   Proposed Settlement. I received in the mail today surfer44 08/06/16 08:27:25 PM
#9016   Pass the koolaid. Naked shorts willing to joev2 08/03/16 10:37:12 PM
#9015   If I sign and send in info. to Flygy481 08/03/16 04:25:53 PM
#9014   Shareholders will be loose but they will not honestengine_rh 08/03/16 01:12:14 PM
#9013   Shareholders will be loose but they will not honestengine_rh 08/03/16 01:12:14 PM
#9012   If they go private shareholders will loose? litar 08/03/16 12:26:52 PM
#9011   There is a good chance of going private, honestengine_rh 08/03/16 12:21:23 PM
#9010   But the sec hearing to revoke the registration? litar 08/03/16 12:04:03 PM
#9009   Any chance ro see a r/s or go private? litar 08/03/16 11:44:51 AM
#9008   See my post on the illegal, naked short honestengine_rh 08/03/16 11:43:01 AM
#9007   388 Market St., Suite 1300 honestengine_rh 08/03/16 11:36:51 AM
#9006   388 Market St., Suite 1300 honestengine_rh 08/03/16 11:36:51 AM
#9005   Why we don't see a spike of the litar 08/03/16 11:31:30 AM
#9004   Yes, 10/20/16 is the deadline and both sides honestengine_rh 08/03/16 11:30:01 AM
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