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Longwei Petroleum (LPIH)

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Last Post: 9/19/2017 1:47:13 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
#9166   Delisting is a Must--Digesting Key Issues in Longwei's honestengine_rh 09/19/17 01:47:13 PM
#9165   It would be nice if they posted the chiefs11 09/19/17 07:48:25 AM
#9164   This is currently pinned to Longwei's FB apage. honestengine_rh 09/17/17 09:26:58 AM
#9163   "There is little risk in investing Longwei within honestengine_rh 09/13/17 08:38:15 AM
#9162   Stock does not trade like a penny stock. honestengine_rh 09/13/17 08:23:31 AM
#9161   Longwei can re-file the lawsuit. Thanks for honestengine_rh 09/13/17 08:20:06 AM
#9160   That was the price at the time. honestengine_rh 09/13/17 08:18:44 AM
#9159   Again, this lawsuit was dropped. Look on Carne's joev2 09/12/17 03:42:31 PM
#9158   How do you get $1.17/share? Flygy481 09/12/17 11:08:06 AM
#9157   Now what: Longwei's stock currently trades at $1.17, honestengine_rh 09/12/17 08:45:37 AM
#9156   Tony Wesolowsky Well, just sunk a whole lot honestengine_rh 09/12/17 08:41:57 AM
#9155   I see lots of public posts...what did the chiefs11 09/12/17 08:27:21 AM
#9154   The lawsuit against the short-sellers is the only honestengine_rh 09/12/17 08:14:51 AM
#9153   They have an outside IT service. honestengine_rh 09/12/17 08:09:00 AM
#9152   You know that Facebook is blocked in China right? The Swede 09/12/17 04:54:03 AM
#9151   Here is the article since their FB page honestengine_rh 09/11/17 08:16:13 PM
#9150   Longwei is currently showing 2 posts from friends honestengine_rh 09/11/17 02:40:39 PM
#9149   I hope they do something positive soon...this waiting chiefs11 08/31/17 08:04:38 AM
#9148   Any updates? Flygy481 08/30/17 05:38:09 PM
#9147   Yes, it will. Just because a guy honestengine_rh 08/23/17 08:27:34 AM
#9146   Click on 2017. They posted on 8/16/17. honestengine_rh 08/23/17 08:24:54 AM
#9145   Will this start trading again? Flygy481 08/22/17 09:35:40 PM
#9144   Much appreciated sir, will do. mbh321 08/22/17 09:24:27 PM
#9143   I don't see where they posted anything... what chiefs11 08/18/17 08:21:28 AM
#9142   Correction: should be 9/13/12. honestengine_rh 08/17/17 12:46:44 PM
#9141   The settlement was paid out in June. honestengine_rh 08/17/17 10:39:24 AM
#9140   You may have noticed that Longwei posted 12 honestengine_rh 08/17/17 09:33:55 AM
#9139   Toups is off the hook. The Appeals honestengine_rh 08/17/17 09:29:48 AM
#9138   I still have LPH stock that I havent mbh321 08/11/17 03:48:25 PM
#9137   Before 2013 when they reported yearly statements it chiefs1 08/01/17 04:19:19 PM
#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
PostSubject