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I tracked down the attorney who has been handling a number of the China litigation cases. I have sent several messages on CBEH and got no return message. I take this as he has given up also. I am taking my tax loss and moving on. While a number of these China companies were flat frauds I think some were real companies with real operations that just went dark with no plans to ever compensate shareholders even though they have the ability to do so. The China government has a very heavy hand on thieves but does nothing if they are stealing from Americans.
CBEH has definitely gone .I believe we will never them again. I invested $68K in it since 2011 , the cost per share ranged from $6 10 $0.63 . The shares are still in my account shown zero value . It is a quite expensive lesson to learn for me.
Anyone ever hear anything more about CBEH? I invested years ago with a lot more $ than I would like to admit. Still have the shares still sitting in my account.
I received in the mail today a NOTICE OF 2015 ANNUAL STOCKHOLDERS MEETING to be held April 8 in Shaanxi Province. The only thing to vote on is for 2 directors, Xincheng Gao (CEO) and Gaihong Li (CFO).
Plaintiffs' Lead Counsel Announces Settlement
http://www.prnewswire.com/news-releases/plaintiffs-lead-counsel-announces-settlement-in-china-integrated-energy-inc-securities-litigation-300225315.html
fka CBEH: Partial Settlement Has Been Reached
http://www.prnewswire.com/news-releases/plaintiffs-lead-counsel-announces-partial-settlement-in-china-integrated-energy-inc-securities-litigation-300053036.html
fka CBEH: I received in the mail a NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS to be held on January 30,2015 in Shaanxi Province. The only item to vote on is for 3 Directors.
CBEH received a formal SEC Admin Proceeding on June 25,2014 and the company chose to ignore the Order.
http://www.sec.gov/litigation/admin/2014/34-72456.pdf
As per the revocation order, "The time for filing a petition for review of the initial decision in this proceeding has expired. No such petition has been filed by China Integrated Energy, Inc."
http://www.sec.gov/litigation/admin/2014/34-73917.pdf
Ouch!, Has CBEH responded to this? Do they have a plan to fix this? Any word from their IR Dept?
Revocation of a stock registration means the stock cannot trade on any public system. The shares still exist as a number assigned by your Broker, but the ticker doesn't exist anymore.
Essentially the shares are worthless when the registration is revoked.
Does this mean that these shares will no longer be traded? or will this start trading on the pink sheets?
tia
FORM 10-K/A: CBEH: FY 2010
http://ih.advfn.com/p.php?pid=nmona&article=63455121&symbol=CBEH
ARTICLE: China Integrated Energy Investors Denied Class Cert.
http://www.mondaq.com/unitedstates/x/333602/trials+appeals+compensation/China+Integrated+Energy+Investors+Denied+Class+Cert
Go to SEC website search AP-1657 latest CBEH info. They plan to be current with all their filings by October 31 .
$CBEH recent news/filings
bullish
cmf bullish divergence
oversold and recovering
a/d line long term steady accumulation
## source: finance.yahoo.com
Sun, 29 Jun 2014 16:25:51 GMT ~ China Integrated Energy receives SEC order announcing de-registration steps
read full: http://www.theflyonthewall.com/permalinks/entry.php/CBEHid2031537/CBEH-China-Integrated-Energy-receives-SEC-order-announcing-deregistration-steps---
*********************************************************
Sat, 28 Jun 2014 01:52:00 GMT ~ China Integrated Energy Receives an Order from the SEC Announcing the Commencement of an Action to De-register the Company
[PR Newswire] - XI'AN, China, June 27, 2014 /PRNewswire/ -- China Integrated Energy, Inc. (OTC Pink Limited Information: CBEH) ("China Integrated Energy" or "the Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today announced that the Company received an order from the SEC announcing the commencement of an action to de-register the company. The Company is committed to becoming current with its filings and is thus disappointed that the SEC has commenced this action, which we feel will work only to the detriment of our shareholders. China Integrated Energy, Inc., is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel fuel;
read full: http://finance.yahoo.com/news/china-integrated-energy-receives-order-015200328.html
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Tue, 03 Jun 2014 10:44:54 GMT ~ CHINA INTEGRATED ENERGY, INC. Files SEC form 8-K, Change in Directors or Principal Officers
read full: http://biz.yahoo.com/e/140603/cbeh8-k.html
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Fri, 17 Jan 2014 18:04:07 GMT ~ CHINA INTEGRATED ENERGY, INC. Financials
read full: http://finance.yahoo.com/q/is?s=cbeh
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Tue, 14 Jan 2014 15:54:25 GMT ~ CHINA INTEGRATED ENERGY, INC. Files SEC form 10-K, Annual Report
read full: http://biz.yahoo.com/e/140114/cbeh10-k.html
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$CBEH charts
basic chart ## source: stockcharts.com
basic chart ## source: eoddata.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CBEH company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CBEH/company-info
Ticker: $CBEH
OTC Market Place: OTC Pink Limited
CIK code: 0001070045
Company name: China Integrated Energy, Inc.
Company website: http://www.chinaintegratedenergy.com
Incorporated In: DE, USA
Business Description:
$CBEH share structure
## source: otcmarkets.com
Market Value: $9,913,697 a/o Jul 23, 2014
Shares Outstanding: 36,049,807 a/o Dec 31, 2010
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CBEH extra dd links
Company name: China Integrated Energy, Inc.
Company website: http://www.chinaintegratedenergy.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CBEH+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CBEH+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CBEH+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/news - http://finance.yahoo.com/q/h?s=CBEH+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CBEH/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CBEH+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CBEH
DTCC (dtcc.com): http://search2.dtcc.com/?q=China+Integrated+Energy%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+Integrated+Energy%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=China+Integrated+Energy%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.chinaintegratedenergy.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.chinaintegratedenergy.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.chinaintegratedenergy.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CBEH
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001070045&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CBEH&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CBEH
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CBEH+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CBEH+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CBEH
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CBEH
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CBEH+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CBEH/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CBEH+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CBEH.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CBEH
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CBEH/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CBEH/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CBEH
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CBEH
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CBEH:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CBEH
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CBEH
$CBEH DD Notes ~ http://www.ddnotesmaker.com/CBEH
sl
CBEH SEC Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72456.pdf
Audits and going forward
They released 2011 JAN 14
Ideally they will release 2009-2010-2012-2013 over the next 6 weeks then get on the normal schedule of posting quarterly's this year when companies normally release them. All indications show they will release all and probably good.
with ~4 in cash and now with license and probably operating or close to operating new biodiesel facility CBEH looking at 650-900 million a year in rev which would be ~1eps
CBEH could easily be trading for cash this year of ~4 or higher.
1 is worth the risk reward and volatility for the wait.
CBEH---Oil import/export, biodiesel producer and gas retail stations. 2012 Investigation cleared them of allegations, they are currently re-releasing and releasing the last 4 years of audits, on Jan 14th the 2011 audit matched previous 2011, fraud claims appear to be unfounded on all levels, and we are currently left with 2011 reported cash per share of 2, but likely now it is closer to 4 per share when 2012 and 2013 are released soon. CBEH currently .75 to 1eps and there are 1.4 million shares shorts that still need to cover before they get run over. This is my top short to medium term pick of 2014, price target is 2-5pps with a 2-5pe, and eventually 8-10pe longer term 2-3 years, currently trading 1 to 1.5pe.
Oil import/export assumptions
On CBEH website under growth it is stated they applied in 2008 and now it is confirmed they have it ~5 years later.
Items that is stated by other companies not getting license include:
DID not HAVE:
1- Pier lease agreement
2- Terminals, depots proof of ownership
3- Customs prove
4- Terminals, depots of the original lease agreement
5- Bank credit
6- proof of ownership Depot certificates of title, tax certificates, customs codes
7- Depot capacity is insufficient
This was a thorough state audit that CBEH had to pass to receive...which means they proved they had all of the above that others got denied for
IMO when all the audits are out....soon, everything will be updated. This oil import/export business is new for CBEH and will reflect in rev for 2014.
9 minute promotional Video made about CBEH in the fall shows new facilities and over all assets
http://www.kqmedia.com/anli.asp?id=520
2013 fourth non-state trading of fuel oil import volume application materials to allow an audit of the situation on Announcement
Source: ????????
2013-10-30 14:07
Article Type: ?? Content Category: ??
According to the Ministry of Commerce Notice No. 66 of 2012, "published in 2013 to allow imports of fuel oil, the amount of non-state trading application procedures, allocation principles" (hereinafter referred to as "Notice") requirements, China Minmetals Chemicals Import and Export Chamber of new applications in 2013 Fuel oil imports allowable amount of non-state trading enterprises to submit material for review, Foreign Trade Division of the Ministry of Commerce conducted a review of the audit. As of September 30, 2013, a total of 23 companies submitted the application materials, which meet the "Notice" requirement has 13 enterprises, enterprises will now complete the list of materials for publicity, publicity period for the May 30-11 October 2013 the 5th. During the publicity, public list of objections may be made to the Ministry of Commerce (Foreign Secretary) drew publicity review. Also released materials are incomplete list of enterprises and the lack of materials, during the publicity, the relevant enterprises can still submit additional material to the Department of Foreign copied to China Minmetals Chemicals Import and Export Chamber of Commerce.
Contact: Chai Yanru
Tel 010 -85692856
Fax 010 -65882817
E-mail: chaiyr@cccmc.org.cn
Ministry of Commerce, Foreign Trade Division
October 30, 2013
Accessories: 1, 2 materials are complete list of enterprises, the material does not complete the list of enterprises
Annex 1
Materials complete list of enterprises
No.
Area
Company Name
1
Guangdong
Power Fuel Co., Ltd. of Dongguan City
2
Jiangsu Province
Jiangsu Guotai Huasheng Industrial Co., Ltd.
3
Jiangsu Province
Sainty International Group Jiangsu Machinery Import & Export Co., Ltd.
4
Liaoning Province
Mingyuan Dalian Petrochemical Co., Ltd.
5
Shandong
Dongying rings Chemical Co., Ltd.
6
Shandong
Steel Furnace Co., Ltd. Qingdao Baosong
7
Shandong
Trading Co., Ltd. Qingdao Xiang help
8
Shandong
Rizhao Port Import and Export Trade Co., Ltd.
9
Shandong
Sunshine State can Energy Limited
10
Shandong
International Trade Co., Ltd. Shandong Haihua John
11
Shanxi Province
Industrial Development Co., Ltd., Xi'an Baorun
12
Zhejiang
Zhejiang Tian Lu Petrochemical Co., Ltd.
13
Shanghai
Shanghai Zhenrong Petroleum Ltd
Oil import/export oil license
Recent import/export oil license awarded in fall to CBEH....these go to the real deal. CBEH number 11 on the list.
????2013??????????????????????????????
We're back over a dollar - Yahooooooooooooooooo
So this 800,000 share short position, does anyone know if they have to cover this position?
Thanks for sharing that fly - that would explain the sudden interest in CBEH - as usual I should have loaded when it was stuck in no man's land but didn't
http://seekingalpha.com/article/1866081-cash-and-catalysts-could-drive-cbeh-well-above-3-00
Cash And Catalysts Could Drive CBEH Well Above $3.00
Nov 27 2013, 10:11 | 6 comments | about: CBEH
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Recently there have been several Chinese companies that rallied strongly as sentiment improves for Chinese listed equities.
In this favorable environment, China Integrated Energy (OTCPK:CBEH) is poised for a strong move when it releases its re-audited financials.
CBEH has shareholder friendly management and more attractive fundamentals then several of these companies that have rallied. There is a substantial short interest of 868,218 shares which could create a short squeeze which makes for an even more interesting speculative long position at these levels.
Release of Audited Financials a Major Catalyst
In April 2011 KPMG terminated its relationship with CBEH and retracted its 2010 audit opinion when CBEH was attacked by short seller reports. Since that time investors have largely been in the dark with respect to CBEH's financials aside from the release of updated 2011 guidance of $41 million net income ($0.94 EPS).
On May 3, 2013 CBEH announced that it engaged RBMS LLP as its auditor. The company should be close to releasing audited results any time since the audit started over six months ago. Chat groups have speculated results are due soon and the share price has started to creep higher in anticipation of the results.
By putting pieces together from publicly available information it appears that CBEH's net cash per share may be greater than $3.00 which is significantly higher than its current price of $0.55.
CBEH Summary Financial Data
Net cash
Date
per share
EPS
12/31/10
2.08
1.23
Last reported
12/31/11
3.11
0.87
Estimate
12/31/12
3.68
0.80
Estimate
09/30/13
4.11
0.80
Estimate
still hangin on to this beauty..a monster in the making
looks like CBEH is gonna go bigly...weekly is sweet sweet sweet
http://stockcharts.com/h-sc/ui?s=CBEH&p=W&yr=2&mn=0&dy=0&id=p69113847465
CBEH huge pop today---------------- Why?????
pj - the dollar is the other direction - what happened????
Keep smelling - I wanna see $1 again.
Nice call the other day.
Came up on my scanner. Odd volume spike.
I'm not adding any, this has been a major disappointment since the day I bought it.
Wow, the Chinese are showing me the meaning of "down".....repeatedly.
This ticker hasn't put out a financial statement since 2010 and its showing "limited info" Why is it not a stop sign???
can you pm other? appreciate input.
And no visible dilution since before 2011.
Don't think its gonna do much before next year - I hope I'm wrong because everyone can use the extra green at christmas.
For a quick moneymaker I would buy CH*O it is very L_ow for having positive earning and over $2mil in da bank. Currently sitting at .0045 - with a lil attention it could be near .015 easily.
so is this a live one as said? could be a wow fer christmas!
I don't ever remember seeing CBEH this low in the past - I think with a single filing this could be back above .60.
The end of the year usually sees some of my older tickers hitting new lows with people selling and writing them off. This is when I like to buy IF I want to add.
If I don't want to add - it is just sad to see how low some of my oldies can go.
i see no bid,,,China Integrated Ene (CBEH)
0.398 ? 0.028 (7.57%)
Volume: 65,250 @ 3:56:53 PM ET
Bid Ask Day's Range
- 0.48 0.32 - 0.4
CBEH Detailed Quote Wiki
Moved up to Limited info with yesterday's 8K.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8835226
Old CFO resigns - New CFO selected.
Maybe someday they will start posting financials Huh??
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China Integrated Energy, Inc. is a leading non-state-owned, integrated energy company in China engaged in three business segments: the wholesale distribution of finished oil and heavy oil products, the production and sale of biodiesel, and the operation of retail gas stations.
Oil Distribution - We are a high-volume distributor, selling primarily gasoline, diesel, and heavy oil in fourteen provinces and municipalities through seven sales offices located in various regions of China. read more
Biodiesel Production and Sales - We operate a 100,000-ton biodiesel production plant located in Tongchuan City, Shaanxi Province and a 50,000-ton plant in Chongqing City, China. We will increase our total production capacity to 200,000 tons by constructing a new 50,000-ton production facility, adjacent to our 100,000-ton plant in Tongchuan City. read more
Retail Gas Stations - We operate seven retail gas stations located in Xi’an City and other areas in Shaanxi Province with plans for expansion. read more
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Wholesale Distribution of Finished Oil and Heavy Oil Products
Oil Distribution
We wholesale a variety of oil products including gasoline, diesel, and heavy oil. Gasoline and diesel represent the majority of oil products consumed in China due to automobile and truck usage. Diesel is also used in agricultural farming machines and power generation. Heavy oil is for further refinery into finished oil products, and also broadly used as fuel for ship boilers, industrial furnaces and heating purposes. Wholesale distribution of finished oil and heavy oil products accounted for approximately 67.6% of our total sales in 2009, and approximately 66.3% of our total sales in 2008.
We purchased approximately 65.5% of our gasoline and diesel oil products from our top five suppliers in 2009. During 2009, we purchased approximately 30.8% of our gasoline and diesel oil products from Shaanxi Yanchang Group, the fourth largest oil company in China, with whom we have had a strong long-term relationship. While Shaanxi Yanchang Group supplies most of our gasoline and oil, we are actively seeking other sources as well.
Wholesale Oil Distribution Photo Gallery
Click the image below to view photos.
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Oil Storage
We use four oil storage depots, which in the aggregate have the capacity to store approximately 59,000 m3 of oil products. Two of the state-owned depots are located on railways that provide us convenient access for distributing our products. We also have access to a 2.65-kilometer railway track connecting the oil storage depots located within our biodiesel production facility to the main railway in Tongchuan City, Shaanxi Province.
Oil Sales and Marketing
We have developed a stable sales network for our products in fourteen provinces and municipalities. We now employ thirty-six full-time salespersons, and as our business grows, we intend to further expand our network and develop more sales channels. For our wholesale distribution of finished and heavy oil, we will distribute to two additional provinces in the next eighteen months, adding additional salespersons and establishing more regional sales offices. We plan to increase our sales volume through enhancing our distribution footprint, and further penetrating our existing customer base and business territories.
Our Customers
We currently sell our finished oil and heavy oil products to regional distributors in China that supply to retail service stations, and directly to end users through our retail gas stations. We have adopted different terms for payment based upon the financial strength of the customer. For example, we have entered into agreements with PetroChina, SINOPEC, and other state-owned enterprises whereby we deliver products to agreed-upon locations, and these customers agree to pay us after delivery. However, we require partial pre-payment and cash on delivery from our customers that operate distributorships, or own and operate private gas stations, typically 10% to 15% of the total purchase price. We have not experienced any uncollectible accounts receivable or bad debt write-offs during the past three years.
In 2008 and 2009, our top five customers purchased approximately $49.3 million and $113.2 million of our products, representing approximately 22.8% and 39.1% of our sales during that period, respectively. China Petroleum and Chemical Corporation Chuanyu Trading Co., Ltd., our largest customer, accounted for approximately 26.6% of our sales in 2009.
Production and Sales of Biodiesel
Biodiesel Production
In 2006, we built a 10,000 square meter biodiesel production facility with an annual design capacity of 100,000 tons in Tongchuan City, Shaanxi Province. Our achievable utilization rate, after taking into account national holidays and required periodic maintenance, is 90%. In October 2010, we acquired a 50,000-ton plant in Chongqing City, China. By the end of 2010, we will increase our total production capacity to 200,000 tons by constructing a new 50,000-ton production facility, adjacent to our 100,000-ton plant in Tongchuan City.
Biodiesel Facilities Photo Galleries
Click the images below to view photos of our biodiesel facilities.
Biodiesel Proprietary Production Technology
First Generation Technology
We have been awarded three patents relating to the use of multiple feedstock interchangeably in biodiesel production. Our biodiesel feedstock includes non-edible seed oil, waste cooking oil and vegetable oil residue, most of which have limited alternative uses. We have submitted eight additional patent applications, of which six have passed the preliminary examination and the other two have been accepted for review.
We maintain a flexible procurement model in which we adjust the relative quantities of each type of raw material we purchase, depending on their respective purchase prices, to minimize our raw material costs. In 2009, non-edible seed oil, vegetable oil residue and waste cooking oil accounted for approximately 40%, 43% and 17% of our raw material costs relating to our biodiesel production, respectively.
Our first-generation biodiesel meets the Chinese Biodiesel Standard B100. Our biodiesel can be blended with regular petro-diesel and used by existing diesel engines with no change in engine performance.
Second Generation Technology
The new 50,000-ton second-generation biodiesel production facility, adjacent to our 100,000-ton first-generation production facility, is estimated to reduce production costs by 20%. In addition to the feedstock used in the first-generation facility (i.e. non-edible seeds, waste cooking oil, vegetable oil residue), the new second-generation facility can utilize a diverse supply of raw materials, such as crop straw (wheat straw, corn straw, cotton straw, weed, etc.), agricultural waste (tree branches, tree leaves), as well as organic waste, providing us with better input cost controls while ensuring optimal capacity utilization.
Furthermore, the new technology is able to recycle unused feedstock and water used in the production process, meeting our environmental goals while delivering further cost reductions. China currently produces 1.3 billion tons in organic waste annually.
Our second-generation biodiesel meets Europe IV fuel standards and can be mixed with both diesel and first-generation biodiesel at any ratio.
Biodiesel Raw Material Supply
We have access to a range of biodiesel raw materials. Besides non-edible seed oil, we can also use waste cooking oil and vegetable oil residue for biodiesel production. We have signed raw material purchasing contracts with local associations, some of which are governmental entities. These associations organize local farmers to plant and harvest oil plants. The purchasing contracts obligate most of the associations to first offer to sell the feedstock to us.
Shaanxi Province is one of the largest cultivators of Chinese prickly ash, an oil plant, in China. Together, the local farmers in Shaanxi Province have planted approximately 240,000 acres of Chinese prickly ash, 857,000 acres of cornel, and 10,000 acres of Chinese pistache. Although we could satisfy all of our current feedstock demands solely with Chinese prickly ash, we continue to diversify our feedstock supply to lower input costs. The abundant supply of feedstock currently available in Shaanxi Province is sufficient for our current needs, and should be sufficient for our expanded demands for raw material once we expand our biodiesel production facility or acquire a new facility.
Biodiesel Sales and Marketing
We are the only non-state owned biodiesel producer with a nationwide distribution license. We continue to leverage our distribution infrastructure to sell our biodiesel to existing customers and to acquire new ones. The main advantages of biodiesel over petro-diesel are pricing, efficiency, safety (due to a higher flash point), and the fact that biodiesel is environmentally friendly. Our targeted markets are power plants, marine transportation companies, seaport operations, and other industrial customers which consume large volumes of diesel fuel.
Operation of Retail Gas Stations
We sell all grades of gasoline and diesel at our seven retail gas stations. Our customers include automobile, bus, and truck drivers.
Our advantages are:
Retail Gas Station Photo Gallery
Click the images below to view photos of our retail gas stations.
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Outstanding: 44.5M
(as of January 7, 2014)
Float: 11.9M
Institutions Holding Shares: 46
Percent Held By Institutions: 21.54%
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