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WEAK HANDS! Bad Reasons To Sell .0001
There are some very bad reasons to sell a stock that investors should avoid.
These include, but aren't necessarily limited to:
Because the stock's price plunged: This is perhaps the worst possible reason to sell a stock.
Especially for a mere nickel, & solely on undisciplined novice emotions.
After the trading fee, the weak-handed novice is in the hole.
WEAK HANDS!
_____________________________________________
LONG VALUE CHGS IS A LOCKED FLOAT WITH TREMENDOUS COMPOUNDING POTENTIAL!
BOOMING CHGS IS DOING MUCH BETTER NOW THAT OIL, GAS & SOLAR WILL BE UP FOR MONTHS FORWARD. The Saudi’s will need months to repair their oil fields; & more worsening military actions are coming.
NEAR PERFECTION FOR STEEL-MAKING CHGS REFRACTORIES!
NEAR PERFECTION FOR OIL & GAS CHGS PROPPANTS!!
NEAR PERFECTION FOR CHGS SOLAR ABRASIVES!!!
PERMANENT VALUE IS ALWAYS LONG VALUE.
FORTUNE FAVORS THEE BOLD!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Today’s .02 cents = achieved by MM quote of .10 cents!
You had to place a .10 cent bid to get two cents actual fill.
Imagine that!
CHGS IS RUNNING OUT OF SHARES!!
SOON A ROCKETING PRICE LOCKED FLOAT !!!
GO GENGSHENG MINERALS GO BABY GOGOGO!!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
CHGS is.02 & Day’s Gain =$13,138.43 =101.5%!
Price paid = .0088
Most are beginning to value CHGS with OIL at $63. & RISING!
Market Value = $ 26,308.38 <—ON A ONE PENNY INCREASE!!
Our CHGS Long Value investment is only $13K!!!
Reuters Global, et al report 2013 BOOK VALUE at .85 cents, & that was before much solid growth.!!!!
However temporary up or down, CHGS is destined to COMPOUND!!!!!
GENGSHENG MINERALS ALSO SELLS HUGE ABRASIVES, ET AL TO SOLAR!!!!!!
You can send the price down temporarily, but CHGS is a tremendous LONG PERMANENT V-A-L-U-E!!!!!!!!
> >> GO CHGS!!!!!!!!! >>>
>>>>>>>>>>>>>>>>>>>>>>>>
( OIL=$62+ )CHGS sells Proppants to CNOOC regularly!
It’ll take WEEKS & MONTHS to rebuild all those 17 Saudi CUSTOM ONE-OFF Oil fields!
Meanwhile the oil price goes UP UPP & UPPP!
CHGS subsidiary DUESAILPROP.COM sells MORE Proppants to CNOOC & ‘DOZENS’ OF OTHERS for multi-millions of dollars extra in revenues.
GENGSHENG REFRACTORIES ARE ‘FULL SPEED’ TOPPING PRODUCTION FOR SELLING TO STEEL COMPANIES BY THE DOZENS TOO!
GENGSHENG MINERALS IS OUTPERFORMING & CLIMBING THE SKIES SOARING SOONER THAN YOU THINK!
GO CHGS GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Henan Gengsheng Refractories Co Ltd
“Since founded in 1986, Henan Gengsheng Refractories Co Ltd, has been forged into a large and comprehensive enterprise integrated with refractories R&D (design), manufacturing, trading and service.”
“Light weight spraying mixes for hot blast stove.
The seriation of light weight spraying mixes for hot blast stove facilitates the selection of materials as per different positions and service conditions. They have been widely applied in insulating layers with satisfactory application results.”
“Unshaped refractories for blast furnace and hot blast stove.
Unshaped refractories for hot blast stove include dense castables, ramming mixes, light weight castables and coatings. Characterized by good airflow erosion resistance and chemical attack resistance, prefabricated ceramic burners made of GS-H castable have been widely applied in more than ten iron and steel enterprises with good results.
The dome of hot blast stove is rammed by SiC fillings, featureed by good compactness, high thermal conductivity and thermal capacity. Characterized by high strength, low thermal conductivity and good thermal shock resistance, CH castable is suitable for branch blowpipes and linings of hot blast valves.”
MORE CHGS CONGLOMERATE GENGSHENG MINERALS & SUBSIDIARIES!
HUNDREDS OF WEBSITE PHOTOS!!
http://www.howtoaddlikebutton.com/matches/z1c6e604/henan_gengsheng_refractories_coltd.html
http://gsnhcl.com/-12.html
Google Translation:
“Your location:Home > Technology Development > Technology Center
Henan Gengsheng Refractory Co., Ltd. has a provincial-level enterprise product research and development technology center and a nationally recognized laboratory.
There are 6 research laboratories under the Technology Center, and there are 78 scientific and technical personnel specializing in refractory research and development. It has established close scientific research partnerships with more than ten domestic and foreign universities such as Beijing University of Science and Technology, Zhengzhou University, Central South University, Northeastern University, Norwegian University of Science and Technology, etc., and has formed a strong new product and new technology research and development capabilities. More than 20 scientific research achievements and patents have been published. More than 90 new products and technologies have won national and provincial-level scientific and technological progress awards and outstanding new product awards.
The company's refractory quality inspection and testing laboratory has 87 sets of advanced testing equipments. The laboratory has complete testing equipment and well-equipped, and has established a laboratory management system that conforms to the ISO/IEC17025:2005 standard. It has a sound standard system for physical inspection and chemical analysis methods, including DIN, EN, ASTM, JIS and other world advanced method standard systems. . There are high-performance X-fluorescence spectrometer imported from Japan, laser particle size analyzer, XRD diffractometer imported from Germany, high temperature anti-folding instrument, automatic thermal conductivity meter, nitrogen analyzer of American LECO company, domestic automatic load creep Testers, automatic high-temperature thermal expansion meters, atomic absorption spectrometers, high-frequency infrared carbon and sulfur analyzers have played a huge role in the quality inspection and research and development of refractories. It has the qualifications of “Inspection Report” for refractory products issued by 61 countries and regions that have signed an international mutual recognition agreement. The export products can be directly processed for customs inspection.” End quote.
““China GengSheng Minerals, Inc. is a China-based holding company operating in the materials technology industry. The Company develops, manufactures and sells a broad range of mineral-based, heat-resistant products capable of withstanding high temperatures, saving energy and boosting productivity in industries such as steel and oil. The Company’s products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives.
The Company conducts its operations in China through its wholly owned subsidiaries, Henan GengSheng Refractories Co., Ltd. (Refractories), Zhengzhou Duesail Fracture Proppant Co., Ltd. (Duesail), Henan GengSheng Mi- cronized Powder Materials Co., Ltd. (Micronized), Guizhou Southeast Prefecture GengSheng New Materials Co., Ltd. (Prefecture) and Henan Yuxing Proppant Co., Ltd., (Yuxing) , and throughthe Company'smajority owned subsidiary, Henan GengSheng High-Temperature Materials Co., Ltd. (High- Temperature.”
CHGS historical investment presentation & analysis:
https://www.sec.gov/Archives/edgar/data/1338578/000120445911001945/exhibit99-1.htm
> >> GO CHGS GOGOGO!!! >>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
2/16/2011 ( by some IR ) video CHGS link address
Previous post omitted this link address — hurriedly by mistake.
Interesting hindsight!
Scroll to 1:30 to 2:55 time mark for CHGS video 2011 discussion.
CHGS 2/16/2011 video
{ Several videos seen at that time — for many stocks. }
Scroll to video ( 1:30 to 2:55 time mark ) for CHGS 2011 synopsis at that time.
2011 mentioned 52 week HIGH $6.74 / share.
2011 mentioned 52 week LOW $1.10 / share.
2/16/2011 CLOSE = $3.04 / share.
INTERESTING VIDEO, despite historical now known ‘GREAT RECESSION’ global effects during that time.
CHGS historical investment presentation & analysis below link; but CHGS IS A WHOLE LOT BIGGER NOW.
https://www.sec.gov/Archives/edgar/data/1338578/000120445911001945/exhibit99-1.htm
Employees 1,400 as of 2011, per link.
3/31/2011 = CHGS TOP INSTITUTIONAL INVESTORS PAID DOLLARS FOR CHGS!
( It had smaller assets back then in 2011 too. )
* AQR Capital Management
* California Public Employees Retirement System
——————————————————————-
That’s why ‘LONG VALUE’ by thee decade is the real KING OF VALUATIONS!
> >> GO CHGS! >>>
>>>>>>>>>>>>>>>>>>>>>>>
Proudly accredited LONG VALUE 5% CHGS share-owner!
(( For a mere $13K bucks! )) High was $6.74 historically, but CHGS ( IS ) much - much bigger now.
Imagine that eventually tremendous (((‘COMPOUNDING’))) V-A-L-U-E!!
CHGS historical investment presentation & analysis below link; but CHGS IS A WHOLE LOT BIGGER NOW.
https://www.sec.gov/Archives/edgar/data/1338578/000120445911001945/exhibit99-1.htm
1,340,000+ CHGS shares LONG VALUE!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >> YEEEAAAAH BABY >>>>>>>>>>>>>>>>>>>
> >> GO CHGS GO >>>>>>>>>>>>>>>>>>>>>>>>>>
CHGS ( REALLY IS ) BOOMING AGAIN!
www.howtoaddlikebutton.com/wholesaler/z1c6e604/henan_gengsheng_refractories_coltd.html
GENGSHENG MINERALS IS BOOMING AGAIN!
CHINA STEEL IS HIGHEST IT'S BEEN IN MORE THAN A DECADE!!
SAME FOR CHGS PROPPANTS REVENUES ( DUESAILPROP.COM ) TO BIG OIL & GAS & CHEMICAL & MORE, ETC., ET AL CUSTOMERS!!!
SAME FOR SOLAR, & ALL THE REST OF THE ( HUNDREDS & HUNDREDS OF ) CHGS CUSTOMERS ONGOING TOO!!!!!
And will be compounding tremendous gains for share-owners eventually soon.
ESPECIALLY AFTER THE ‘TUCK-FRUMP’ CIRCUS LEAVES TOWN & TARIFFS ARE NEGOTIATED BY ALL THE MISSING TRUE, REAL & GENUINE DIPLOMATS, AMBASSADORS, & PREVIOUSLY STRIPPED DOWN TENURED REAL SCIENTIFIC-STAFFED EMPLOYEES THAT HAVE BEEN REPLACED.
NOT BY THE MERE OIL & GAS & CHEMICAL UNSCIENTIFIC NON-CREDENTIALED FORMER LOBBYIST POLITICAL APPOINTEE PUPPETS IN THERE NOW, FOR SURE!
> >> GO CHGS! >>>
>>>>>>>>>>>>>>>>>>>>>>
ERROR: (State-owned) Luoyang has 5,758 employees, not CHGS.
“Luoyang Refractory (Group) Co., LTD, established in 1958 during the state "First Five-year Plan", is the largest refractory commercial enterprise at present, and only refractory one of 520 state key enterprises in China.It has 8 production branches, 3 auxiliary shops, one technology centre, one limited company and one joint-venture company. There are 5758 employees including 507 managerial personnel,1018 technicians.The corporation occupies area of 1,114,900 square meters.” —quoted website posted previously.
KET SENTENCE FROM ABOVE: ( LUOYANG: “ only refractory one of 520 state key enterprises in China.” )
What we now understand better & believe is true:
SO, it’s just an R & D research LAB under the Sinosteel bigger state umbrella; NOT CHGS main company or subsidiaries.
CHGS IS STILL SHARE-OWNER INDEPENDENT!
We have found CHGS has 120 square meters of industrial capacity factories, which computes to 1,291,669.5 square feet, which ACTUALLY IS .498716 SQUARE MILES! ( Source: last 10K )
Therefore, CHGS DOES HAVE A HALF MILE SQUARE OF INDUSTRIAL FACTORY UTILIZATION.
Partnering is ONLY THE globally recognized refractory R & D LAB RESEARCH INSTITUTE: ( Naihuo Cailiao )
Thank goodness for CHGS Gengsheng’s recovering INDEPENDENT rapid expansion growth.
EVOLVING SEARCHES & RESEARCH TRANSLATIONS FIND MAGNIFICENCE & ERRORS BOTH.
Especially at the speed we find & deliver at!
Analysis of it all takes patient reflection & introspective interpretations just like financial statements.
CHGS has obviously genuine tremendous LONG VALUE. That’s all that matters to LONGS.
PERMANENT VALUE is what it’s all about. Deciphering all the security analysis will prove it more eventually.
> >> GO CHGS! >>>
>>>>>>>>>>>>>>>>>>>>>>
WHAT’S GSNHCL? Introduction to Naihuo Cailiao
It’s the China institute of refractories research.
CHGS GENGSHENG PARTNERS WITH SINOSTEEL FOR A RECOGNIZED LABORATORY!!!!!!!!!
IT’S A GLOBALLY RECOGNIZED REFRACTORY RESEARCH LAB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Well, GS stands for GENGSHENG. That’s our shareholders CHGS brand name of Gengsheng Minerals!
NHCL is explained below. It’s an R&D refractories RESEARCH INSTITUTE laboratory with global recognition worldwide, & HAS OUR OWN GENGSHENG NAME BRAND ON IT!!!
(( THIS Naihuo Callao research VOLUME publication is published four issues per year with over 30,000 copies of subscriptions! ))
“Naihuo Cailiao (Refractories)July - Aug., 2019· Vol.53,No.4 Published on Aug. 15, 2019
Contents Experimental Research Development & Application Review Disccusion & Exchange General Information.
Sponsored by SinoSteel Luoyang Institute of Refractories Research Co., Ltd. (LIRR), founded in 1966, Naihuo Cailiao (Refractories) is the only technical journal in Chinese in China's refractories industry that reports current situations of the R & D, production and application of refractories industry in China and the development status and trend of refractory science and technology abroad. Naihuo Cailiao is published bimonthly and distributed both at home and abroad with the annual distribution circulation 30 thousand copies. Its Contents, Abstracts, Figures and Tables in the paper are reported both in Chinese and English to help foreign readers reading. The abstracts in the journal have been included in world famous retrieval journal such as Chemical Abstract, Ceramic Abstract, Engineering Index, World Ceramic Abstract, etc, enjoying high international reputation.
Naihuo Cailiao also affords space for advertisement which is beneficial to the manufacturers and users home and abroad to establish connection between them, to promote production and sales and especially help foreign companies share China's market.”
www.china-refractories.cn/NHCL/NHCL.aspx
Sponsor and Authority : Sinosteel Luoyang Institute of Refractories Research Co., Ltd. (LIRR), China
Editor and Publisher : The Editorial Board of NAIHUO CAILIAO
Add : No.43 Xiyuan Road, Luoyang, Henan 471039, China
Tel : +86-379-64205958
Fax : +86-379-64205968
Web Site :http://www.nhcl.com.cn
Advertising Business Licenses No.:4103004000010
Subscription rate : $(USD)150 per year (overseas, including packing and air postage)
Publication No.:
ISSN 1001-1935 / CN 41-1136/TF
$150 BUCKS SUBSCRIPTION PER YEAR WORLDWIDE!
CHGS’s own technology statement under TECHNOLOGY page on below link translated on previous post.
http://gsnhcl.com/-12.html
CHGS translation on joint-venture LAB partner Sinosteel website:
gsnhcl.com/-12.html
Under heading: ( TECHNOLOGY )
“Henan Gengsheng Refractory Co., Ltd. has a provincial-level enterprise product research and development technology center and a nationally recognized laboratory.
There are 6 research laboratories under the Technology Center, and there are 78 scientific and technical personnel specializing in refractory research and development. It has established close scientific research partnerships with more than ten domestic and foreign universities such as Beijing University of Science and Technology, Zhengzhou University, Central South University, Northeastern University, Norwegian University of Science and Technology, etc., and has formed a strong new product and new technology research and development capabilities. More than 20 scientific research achievements and patents have been published. More than 90 new products and technologies have won national and provincial-level scientific and technological progress awards and outstanding new product awards.
The company's refractory quality inspection and testing laboratory has 87 sets of advanced testing equipments. The laboratory has complete testing equipment and well-equipped, and has established a laboratory management system that conforms to the ISO/IEC17025:2005 standard. It has a sound standard system for physical inspection and chemical analysis methods, including DIN, EN, ASTM, JIS and other world advanced method standard systems. . There are high-performance X-fluorescence spectrometer imported from Japan, laser particle size analyzer, XRD diffractometer imported from Germany, high temperature anti-folding instrument, automatic thermal conductivity meter, nitrogen analyzer of American LECO company, domestic automatic load creep Testers, automatic high-temperature thermal expansion meters, atomic absorption spectrometers, high-frequency infrared carbon and sulfur analyzers have played a huge role in the quality inspection and research and development of refractories. It has the qualifications of “Inspection Report” for refractory products issued by 61 countries and regions that have signed an international mutual recognition agreement. The export products can be directly processed for customs inspection.” End quote.
http://gsnhcl.com/-12.html
> >> CHGS CONGLOMERATE GENGSHENG MINERALS IS SO MUCH MORE! >>> >>>> >>>>>
CHGS historical investment presentation & analysis:
https://www.sec.gov/Archives/edgar/data/1338578/000120445911001945/exhibit99-1.htm
CHGS is in Limited Joint-Venture Partnership with Sinosteel temporarily.
en.sinosteel.com/col/col308/index.html
https://en.wikipedia.org/wiki/Sinosteel
Sinosteel is a STATE-OWNED ENTERPRISE.
The State Owned “Assets Supervision & Administration Commission” was authorized by the ‘State Council’ TO PERFORM THE INVESTOR’S RESPONSIBILITIES way back in 2003. They have oversight, support, guidance & multiple resources to temporarily help CHGS expand growth progressing much faster to prosperity.
Note CHGS is in a limited Joint-Venture partnership with Sinosteel for the temporary purpose of expansion growth, & they are doing much better indeed. Our shares are unaffected by this temporary assistance of the partnership. No need for concern. Typical temporary assistance happens when productivity is very needed. CPC = Communist Party of China help to coordinate STEEL BOOM & TARIFF WARS so they don’t hamper progressing GNP goals, economy, & people’s lives. Overall, a good measure.
STEEL, OIL, GAS, & SOLAR, etc., et al are BOOMING IN CHINA RIGHT NOW.
Fortune Favors Thee Bold!
>>>>>>>>>>>>>>>>>>>>>
GO CHGS! >>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
$13K divided by 52 weeks = $250 weekly fun mad money...
No biggie.
Just desire to elaborate how CHEEEP LONG VALUE CHGS REALLY IS.
What a tremendous V-A-L-U-E!
> >> GO CHGS!!! >>>
>>>>>>>>>>>>>>>>>>>>>>>>
CHGS: O/S=26,803,044; FLOAT=11,571,296.
Insiders: 15,231,,748 shares.
( As of April 14, 2014 ) LONG VALUE BABY!!!!!!!!
WE NOW OWN 5% CHGS ( ~ 1,340,000 shares ) FOR A MERE $13K! ( weekend fun money )
CHGS was as high as $6.74 on or about 12/1/2010; & .05 cents in 1/1/2015, after big oil tumbled to low $30’s.
Page 5 of last 10K:
“On April 25, 2007, we also completed a private placement financing transaction pursuant to which we issued and sold 5,347,594 shares of our common stock to certain accredited investors for $10 million in gross proceeds.
On January 4, 2011, the Company and certain institutional investors entered into a securities purchase agreement pursuant to which the Company ((((( sold to such investors an aggregate of 2,500,000 shares of common stock at a price of $4.00 per share ))))) for aggregate gross proceeds to the Company of $10,000,000. The shares of common stock were issued pursuant to a prospectus supplement dated as of January 10, 2011, which was filed with the Securities and Exchange Commission in connection with a takedown from the Company’s shelf registration statement on Form S-3 (File No. 333-165486), which became effective on April 28, 2010, and the base prospectus dated as of April 28, 2010 contained in such registration statement.
Segmental Information
Our operating segments are functioned by our manufacturing facilities and include four reportable segments: refractories, industrial ceramics, fracture proppants and fine precision abrasives.”
PAGE 9:
“We have over 300 customers in 25 provinces in China, as well as in greater Asia and Europe. Our customers include some of the largest steel and iron producers and petroleum & chemical producers in China. During 2013, sales to one of our customers, PetroChina Changqing Oil Field (“Changqing”) represented 10% or more of our consolidated sales. Our sales to Changqing amounted to approximately $11.1 million or 18.2% of our revenue. During 2012, sales to two of our customers, Jilin Petroleum Group Company Ltd. (“Jilin”) and Shandong Steel Co., Ltd, Rizhao Subsidiary (“Rizhao”) represented 10% or more of our consolidated sales. Our sales to Jilin amounted to $9.0 million or 12.3% of our revenue and sales to Rizhao amounted to $8.6 million or 11.7% of our revenue. During 2011, sales to Shanghai Jolly Trading Co., Ltd. (“Jolly”) and Rizhao represented 10% or more of our consolidated sales. Our sales to Jolly amounted to $10.9 million or 14.1% of our revenue and sales to Rizhao amounted to $8.5 million or 11.1% of our revenue.
Our top ten customers among our segmental lines for the years ended December 31, 2011, 2012 and 2013, which are listed below, accounted for approximately 63.9%, 57.0% and 63.2% of our consolidated revenues, respectively.
Our Top 10 Customers
(As of December 31, 2013)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
PetroChina Changqing Oil Field $ 11,108 18.2% Xi’an, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 5,460 9.0% Rizhao, China
Fushun New Steel Co., Ltd. 5,173 8.5% Fushun, China
CNPC Chuanqing Drilling & Exploration Corporation 4,600 7.6% Xi’an, China
Heilongjiang Jianlong Iron & Steel LLC. 2,976 4.9% Shuangyashan China
Anshan Baode Iron & Steel Ltd. 2,440 4.0% Anshan, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 2,012 3.3% Jiayu, China
Tuha Oil Drilling & Exploration 1,979 3.3% Kumul, China
Anhui Chang Jiang Iron & Steel Co., Ltd. 1,676 2.8% Maanshan China
Gangyu Fracture Proppants Co., Ltd 999 1.6% Yuanqu, China
Total $ 38,423 63.2%
8
(As of December 31, 2012)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
Jilin Petroleum Group Company Ltd. $ 9,016 12.3% Jilin, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 8,586 11.7% Rizhao, China
Trina Solar 5,206 7.1% Changzhou, China
Fushun New Steel Co., Ltd. 5,194 7.1% Fushun, China
Heilongjiang Jianlong Iron & Steel LLC. 2,777 3.8% Shuangyashan China
Zibo Hongda Steel LLC 2,540 3.5% Zibo, China
Sinopec Shengli Oilfield 2,440 3.3% Dongying, China
CNPC Chuanqing Drilling & Exploration Corporation 2,254 3.1% Xi’an, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 1,937 2.6% Jiayu, China
Anshan Baode Iron & Steel Ltd. 1,829 2.5% Anshan, China
Total $ 41,779 57.0%
(As of December 31, 2011)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
Shanghai Jolly Trading Co., Ltd $ 10,873 14.1% Shanghai, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 8,539 11.1% Rizhao, China
AMSAT International 6,504 8.5% USA
Trina Solar 5,864 7.6% Changzhou, China
Fushun New Steel Co., Ltd. 3,946 5.1% Fushun, China
Zibo Hongda Steel LLC 3,222 4.2% Zibo, China
Xianyang Chuanqing Qingxinyuan Engineering Co., Ltd. 3,197 4.2% Xianyang, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 2,732 3.6% Jiayu, China
Heilongjiang Jianlong Iron & Steel LLC. 2,258 2.9% Shuangyashan China
Anshan Baode Iron & Steel Ltd. 1,988 2.6% Anshan, China
Total.”
End quote.
THAT’S WAY BACK IN 2013 PERIOD! NO WONDER THEY MULTIPLIED FIVE TIMES SINCE!!!
LOOK AT THAT CHGS TENS OF MULTI-MILLION DOLLAR VERY SOPHISTICATED MULTI-LEVEL & LAYERED WEBSITE AS WELL!
WOW. Just astonishing comeback indeed we always knew would happen. WE WERE RIGHT ON TARGET!
IT PAYS TO DIG ( for years ) FOR RESEARCH!!! >>> YEAH BABY YEEAH! >>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Translate CHGS Shock & Awe Compounding EXPAAANSION GROWTH!
gsnhcl.com/-144_1.html
http://gsnhcl.com/-12.html
http://gsnhcl.com/
http://gsnhcl.com/-1.html
CHGS NEWEST 2019 NEWS: http://gsnhcl.com/-5.html
http://gsnhcl.com/-16.html
http://gsnhcl.com/-10.html
http://gsnhcl.com/-18.html
> >> MUCH MUCH MORE!!!!!!!!! >>> >>>> >>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
CHGS NOW HAS 5,758+ EMPLOYEES!!!!!!!!!
Filed 4/15/2014 last CHGS 10K (12/31/2013 period); page 12: (“ As of April 14, 2014, we had 1,200 full time employees; all of whom are salaried employees and members of a labor union.”)
EMPLOYEES MULTIPLIED & INCREASED ( 5X ) FIVE TIMES 2013-2014 PERIOD!!!!!
OK, Here’s ( just 1 ) for you all. Click on right side menu for ‘English’.
“THIS IS THEE NEW WEBSITE FOR GENGSHENG MINERALS!
CHGS HAS TONS & TONS OF EXPANSION GROWTH NOW.
( 1,114,900 square Meters equals ONE SQUARE HALF MILE ( .43 ) OF CHGS CORP FACTORIES! )
Company Outline
Technology Center
Product Presentation
Package,Transportation
Contact Us
Luoyang Refractory (Group) Co., LTD, established in 1958 during the state "First Five-year Plan", is the largest refractory commercial enterprise at present, and only refractory one of 520 state key enterprises in China.It has 8 production branches, 3 auxiliary shops, one technology centre, one limited company and one joint-venture company. There are 5758 employees including 507 managerial personnel,1018 technicians.The corporation occupies area of 1,114,900 square meters.
The corporation is equipped with 3,910 production devices,including 9 tunnel kilns,such as 98.4m,59.4m ultra-high temperature tunnel kilns,202.5m tunnel kilns which is the longest in China,two 30m3 one 20m3 full-auto shuttle kilns imported from Germany,750t compound-friction press imported from Japan,1,250 automatic hydraulic press imported from Germany,2,500t full-auto hydraulic press imported from Italy,1,000t hydraulic automatic press made in China,computer-assistance design systems for moulds,computer-control batching systems and advanced testing systems for both physical and chemical properties,and necessary installations of package and special railway line.
Various refractories (acid, basic and neutral )are now produced in a large scale according to the demands of the strict quality guarantee system of ISO-9002. The main products are silica, magnesia, high-alumina, magnesia-chrome, middle-and high-grade sintered product and alumina-carbon, alumina-magnesia-carbon, alumina-zirconia-carbon products for continuous casting, sinalon composites, electrofused magnesia-chrome, alumina-silica-zirconia products, insulating products, unburned products, ceramic kiln furnitures and necessary monolithic refractories. The corporation has a production capacity of 160,000t and 600,000 ceramic rollers. The products have been sold all over China, 20% of the products have been exported to more than 20 countries and regions, such as Japan, American, Brazil, Italy, South African and Southeast Asia.
Customers both at home and abroad are warmly welcome to cooperating and trading with us.
| Company Outline | Technology Center | Product Presentation | Package,Transportation | Contact Us |
Add: Xi Yuan Road, LuoYang, HenNan, P.R.C Postcode: 471039
Tel: (86-0379)4208856,4208857,4208859,4222311 Fax: (86-0379)4226468
Website: www.gsnhcl.com E-mail: web@gsnhcl.com
BIG OIL, GAS, STEEL & SOLAR LOVE CHGS!
Surprisingly, many CHGS websites are still up, but there's many NEW ONES.
Quote:
Gengsheng International Co., Ltd. is a foreign-invested company listed in the US main stock, stock code: CHGS. Founded in 1986, after 25 years of development, the company has formed four major industries, including refractory materials, oil pressure cracking proppant, silicon carbide powder materials and structural ceramics. Currently, there are five wholly-owned subsidiaries and one Refractory Research Institute and a Henan Province Unshaped Refractory Engineering Technology Center. The five wholly-owned subsidiaries are:
• Henan Gengsheng Refractory Co., Ltd. (www.gsnhcl.com, www.hngsr.com)
• Zhengzhou Desaier Ceramics Co., Ltd. (www.duesailprop.com)
• Henan Gengsheng Powder Materials Co., Ltd. (www.gsftcl.com)
• Henan Gengsheng High Temperature Materials Co., Ltd. (www.gsgwcl.com)
• Henan Yuxing Ceramics Co., Ltd. (www.hnyxtl.com)
In 2011, the company's total assets were 500 million yuan, sales income was 600 million yuan, covering an area of 220,000 square meters, and the total number of employees was 2,080. The company has an annual production capacity of 200,000 tons of refractory materials, 150,000 tons of ceramsite sand, 10,000 tons of silicon carbide powder materials and 50,000 pieces of ceramic products. The company's products are widely used in steel, nonferrous, petrochemical, photovoltaic, power electronics and other industries, the main users are Baosteel, Anshan Iron and Steel, Wuhan Iron and Steel, Shougang, Handan Iron and Steel, Rigang, Jiuquan, Sinopec, PetroChina, CNOOC, Changzhou Tianhe, Shanxi Baoguang Large and medium-sized enterprises, and exported to Russia, Japan, the United States, Canada and other countries. The “Gengsheng” trademark is “Henan Province Famous Trademark”, and the “Gengsheng” product is “Henan Province Famous Brand Product”. "Growing" - your trusted partner!
The board of directors of the company is based on the creation of a brand that “trusts customers to be trusted and respected by society”. Make full use of the financing advantages of listed companies in the United States, select projects with good development prospects, and determine the development plan of the company in the next five years based on the characteristics of the company and the development environment of related industries. The guiding ideology of the board of directors is to integrate technological advantages and local resource advantages, and strive to make the annual sales more than 3 billion yuan and the profits and taxes exceed 1 billion yuan within five years.
Gengsheng International Co., Ltd.
Company phone: 86+371-6405-9320
Company Address: No. 88, Gengsheng Avenue, Datungou Town, Gongyi City, Henan Province
Company website: www.gengsheng.com
Fax: 0371-64059846
Email: gsgjbgs@163.com
End quote.
SOME WEBSITES HAVE CHANGED TO DEFINITELY BIGGER & BETTER. WE HAVE PROOF!!!!!!!!!
HAVE NOT REVEALED MULTIPLE NEWEST CHGS WEBSITES & PARTICULARS YET TO PREVENT GETTING FRONT-RUN.
NOW HAVE NEARLY 5% CHGS LONG VALUE 1,340,000 SHARES.
‘REUTERS GLOBAL’ 2012 BOOK VALUE WAS .85 CENTS. CHGS IS FAR BIGGER NOW.
WHO CARES IF REVOKED? THEY’LL RE-REGISTER EASILY & FAST. ( proof found on YSYB page. )
WHEN TUCK-FRUMP CIRCUS LEAVES TOWN, CHGS WILL BOOM COMPOUNDING MULTIPLES — & SOONER THAN YOU THINK!
NOW HAS ( 7 ) SEVEN SUBSIDIARIES, UP FROM PREVIOUS ( 5 ) FIVE!
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CHGS BOOMING AGAIN!
www.howtoaddlikebutton.com/wholesaler/z1c6e604/henan_gengsheng_refractories_coltd.html
GENGSHENG MINERALS IS BOOMING AGAIN!
CHINA STEEL IS HIGHEST IT'S BEEN IN MORE THAN A DECADE!!
From just ONE of their multiple websites: ( Have not disclosed CHGS main websites as of yet, but will soon. )
"Technology development
Technology Center
Scientific research equipment
Patent
Scientific research results
product list
Related Links
Your location:Home > Technology Development > Technology Center”
“Henan Gengsheng Refractory Co., Ltd. has a provincial-level enterprise product research and development technology center and a nationally recognized laboratory.
There are 6 research laboratories under the Technology Center, and there are 78 scientific and technical personnel specializing in refractory research and development. It has established close scientific research partnerships with more than ten domestic and foreign universities such as Beijing University of Science and Technology, Zhengzhou University, Central South University, Northeastern University, Norwegian University of Science and Technology, etc., and has formed a strong new product and new technology research and development capabilities. More than 20 scientific research achievements and patents have been published. More than 90 new products and technologies have won national and provincial-level scientific and technological progress awards and outstanding new product awards.
The company's refractory quality inspection and testing laboratory has 87 sets of advanced testing equipments. The laboratory has complete testing equipment and well-equipped, and has established a laboratory management system that conforms to the ISO/IEC17025:2005 standard. It has a sound standard system for physical inspection and chemical analysis methods, including DIN, EN, ASTM, JIS and other world advanced method standard systems. . There are high-performance X-fluorescence spectrometer imported from Japan, laser particle size analyzer, XRD diffractometer imported from Germany, high temperature anti-folding instrument, automatic thermal conductivity meter, nitrogen analyzer of American LECO company, domestic automatic load creep Testers, automatic high-temperature thermal expansion meters, atomic absorption spectrometers, high-frequency infrared carbon and sulfur analyzers have played a huge role in the quality inspection and research and development of refractories. It has the qualifications of “Inspection Report” for refractory products issued by 61 countries and regions that have signed an international mutual recognition agreement. The export products can be directly processed for customs inspection."
Another one quoted:
"The company mainly produces a variety of shaped and unshaped refractory materials, the product has 10 series, 126 standards, 350 brands, more than 40,000 models. The leading products are oxide and non-oxide composite refractory materials, high-purity oxide products, high-quality alumina series products, siliceous products, high-grade alkaline products, carbon-containing refractories, amorphous refractory products, ceramic kiln products. Many products have filled the domestic gap and reached and exceeded the quality of similar foreign products. Among them, the silicon brick won the highest national refractory quality award - the silver award, which is at the international leading level.
Products are widely used in metallurgy, building materials, nonferrous metals, electric power, machinery, light industry, petroleum, chemical and other industries leading and large and medium-sized enterprises, nearly 100 companies for the company's perennial customers, products sell well in more than 40 countries and regions across the country and abroad."
Another quoted CHGS website:
"“China GengSheng Minerals, Inc. is a China-based holding company operating in the materials tech- nology industry. The Company develops, manufactures and sells a broad range of mineral-based, heat-resistant products capable of withstanding high temperatures, saving energy and boosting pro- ductivity in industries such as steel and oil. The Company’s products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives. The Company conducts its op- erations in China through its wholly owned subsidiaries, Henan GengSheng Refractories Co., Ltd. (Refractories), Zhengzhou Duesail Fracture Proppant Co., Ltd. (Duesail), Henan GengSheng Mi- cronized Powder Materials Co., Ltd. (Micronized), Guizhou Southeast Prefecture GengSheng New Materials Co., Ltd. (Prefecture) and Henan Yuxing Proppant Co., Ltd., (Yuxing) , and throughthe Company'smajority owned subsidiary, Henan GengSheng High-Temperature Materials Co., Ltd. (High- Temperature.”
-- & yet another CHGS mention:
https://www.newsfilecorp.com/release/817/China-GengSheng-Minerals-Joins-The-Federation-for-International-Refractory-Research-and-Education-as-an-Industrial-Partner
End quote.
Proves big oil, gas & steel are hot buying CHGS!
CHGS have substantially increased employees, net income, revenues, customers, cash & products in 2018-2019. Tremendous expansion growth without a doubt!
CHGS Data Photos Of Potential!
Addresses:
If images don’t appear, click on link to follow to CHGS image.
CHGS Data Photos Of Potential!
https://goo.gl/images/p8aeh4
https://goo.gl/images/dCjEVC
https://goo.gl/images/yekKQd
https://goo.gl/images/mfxeKr
https://goo.gl/images/ENXXy1
https://goo.gl/images/D3ipe5
https://goo.gl/images/A2ijm1
https://goo.gl/images/SRrXG9
https://goo.gl/images/d5m6NH
https://goo.gl/images/ct7WL8
https://goo.gl/images/3iZi4A
https://goo.gl/images/GvhHyL
https://goo.gl/images/fMj1v1
BOOMTIME COMING: CHGS SIGNS WITH CNOOC!
CHGS QUOTE: “Our company signed an annual supply agreement with CNOOC (China) Co., Ltd.
Our company signed an annual supply agreement with CNOOC (China) Co., Ltd.
Previous: Our company won the bid for the 2016 China Ceramics Propellant Tender in China Petroleum and Natural Gas Group, and signed the supply agreement.”
END QUOTE from website below with many photos to see.
GOOD NEWS OF SOLID REVENUE BOOMING GROWTH WITH NEW ADDITIONAL WEBSITE TOO!
Website is gradually building larger scale similar to others.
Slowdown of factories across China due to tariff wars, et al, is recovering fast.
This CHGS CONGLOMERATE OF 6 SUBSIDIARIES HAS A VERY LARGE COMPANY COMPLEX OF FACTORIES WITH 2,000+ EMPLOYEES REPORTED. ( 320+ employees at this subsidiary alone. )
Refractories revs are UP!
Subsidiaries are UP!!
CNOOC REVS ARE YUUUGE!!!
>>> GO CHGS >>>>>>>>>>>>>>>>>>
http://www.duesailprop.com/index.html
Walletinvestor forecasts CHGS =.92 cents 1/2019.
Walletinvestor predicts CHGS will be .92 cents in 1/ 2019.
$CHGS recent news/filings
bullish year+ buy and hold
## source: finance.yahoo.com
Wed, 11 Jun 2014 17:04:06 GMT ~ CHINA GENGSHENG MINERALS, INC. Financials
read full: http://finance.yahoo.com/q/is?s=chgs
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Wed, 28 May 2014 13:07:23 GMT ~ China Gengsheng Minerals trading halted, pending news
read full: http://www.theflyonthewall.com/permalinks/entry.php/CHGSid2016857/CHGS-China-Gengsheng-Minerals-trading-halted-pending-news
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Wed, 21 May 2014 15:50:27 GMT ~ CHINA GENGSHENG MINERALS, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule
read full: http://biz.yahoo.com/e/140521/chgs8-k.html
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Wed, 21 May 2014 13:30:00 GMT ~ China GengSheng Receives Delinquency Letter from NYSE MKT
[PR Newswire] - GONGYI, China, May 21, 2014 /PRNewswire/ -- China GengSheng Minerals, Inc. (NYSE MKT: CHGS) (the "Company" or "GengSheng"), a leading China-based high-tech industrial materials manufacturer ...
read full: http://finance.yahoo.com/news/china-gengsheng-receives-delinquency-letter-133000290.html
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Wed, 14 May 2014 13:07:39 GMT ~ China Gengsheng Minerals to voluntarily delist from NYSE MKT
read full: http://www.theflyonthewall.com/permalinks/entry.php/CHGSid2011154/CHGS-China-Gengsheng-Minerals-to-voluntarily-delist-from-NYSE-MKT
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$CHGS charts
basic chart ## source: stockcharts.com
basic chart ## source: eoddata.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CHGS company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CHGS/company-info
Ticker: $CHGS
OTC Market Place: Grey Market
CIK code: 0001338578
Company name: China GengSheng Minerals, Inc.
Incorporated In: NV, USA
$CHGS share structure
## source: otcmarkets.com
Market Value: $3,216,365 a/o Aug 07, 2014
Shares Outstanding: 26,803,044 a/o Aug 19, 2013
Float: Not Available
Authorized Shares: 100,000,000 a/o Sep 01, 2006
Par Value: 0.001
$CHGS extra dd links
Company name: China GengSheng Minerals, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CHGS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CHGS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CHGS+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/news - http://finance.yahoo.com/q/h?s=CHGS+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CHGS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CHGS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CHGS
DTCC (dtcc.com): http://search2.dtcc.com/?q=China+GengSheng+Minerals%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=China+GengSheng+Minerals%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=China+GengSheng+Minerals%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CHGS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001338578&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CHGS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CHGS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CHGS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CHGS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CHGS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CHGS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CHGS+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CHGS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CHGS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CHGS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CHGS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CHGS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CHGS/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CHGS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CHGS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CHGS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CHGS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CHGS
$CHGS DD Notes ~ http://www.ddnotesmaker.com/CHGS
Has it actually started trading again?
What's the symbol?
thanks .strange as i thought they would have been delisted , like last pr stated
Effective Date Symbol Company Name Security Type Venue Status
May 19, 2014 CHGS China GengSheng Minerals, Inc. Common Stock NYSE MKT Halted
Wow up almost 100% in 2 minutes... What was that?
And the .25 break on volume is here. Lets see if it goes as it did last time
I thought it started testerday but it sure looks like its being killed
All indicators are gurning south. Dont look like a popper play no more.
no trading activity. What's up with this pup? any ideas?
Looks like its stuck. Whats your take on trading activity in chgs these past few days?
CHGS entered today .1989, technical break of .25 and it could get silly. nice support .184
CHGS look for .25 break on volume, last volume surge sent this nice.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95361760
Think it has more juice??
Voluntary delisting to the pink sheets to be voted on Sept 2 folks...Get out while you still can
~ Monday! $CHGS ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $CHGS ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=CHGS&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=CHGS&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=CHGS
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CHGS#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CHGS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CHGS
Finviz: http://finviz.com/quote.ashx?t=CHGS
~ BusyStock: http://busystock.com/i.php?s=CHGS&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CHGS >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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China Gengsheng Minerals, Inc. Wins Refractory Supply Contracts with Baosteel
- Company to Deliver Two Sets of Refractory Materials Worth $537,000 -
GONGYI, China, Oct 16, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- China Gengsheng Minerals, Inc. (OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed two refractory supply contracts with Shanghai Baosteel Group Corporation ("Baosteel"), China's largest iron and steel conglomerate, for a total value of $537,000 (RMB 3.65 million).
According to the contracts, the Company will deliver two whole sets of refractory materials for Baosteel's hot-rolled steel mills by November 15, 2008.
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy. Founded in 1986 and based in China's Henan province, Gengsheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and in 11 other countries. Gengsheng conducts business through Gengsheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries, which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.
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