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Heli Electronics Corp. (fka HELI)

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Last Post: 3/20/2012 2:55:41 PM - Followers: 26 - Board type: Free - Posts Today: 0

 www.helielectronics.com

 

A Leading Marketing, Distribution, and Service Institution of Electronics and Electrical Appliances in China

Heli Electronics Corp. was established in March 2008. It is the primary marketing, distribution, and logistics agency of audio and visual (AV) products in Mainland China for Haier Group, a world-class electronics/appliances manufacturer and one of China's most recognized brand names.
The company's headquarters are located in Baiyun District, Guangzhou, a major distribution hub of AV products in South China's Pearl River Delta Region. The area of the headquarters  is over 20,000 square meters, and is comprised of warehouse, showrooms, dormitories, truck lots and office space.

The company officially became the marketing, distribution and service agency of Haier in Mainland China for Haier AV products in June 2008. The company’s operations have grown exponentially since its inception, primarily due to its advanced management, continuous expansion of sales channels, and Haier’s strong brand image. Additionally, led by Heli’s success with Haier Group, the company will forge business relationships with more brands and manufacturers.
The company aims to develop a marketing and distribution network covering all of China by virtue of the large base of Haier's sales channels, and eventually construct and operate a sound distribution and logistics supply chain system and establish itself as a leading marketing, logistics and distribution agency in China.

 
 

Authorized: 240,000,000

Total Shares Issued & Outstanding: 5,440,000

Insider Position: 2,885,600
Public Float: 2,434,000 (est)
Private Placement: 120,000 (est)
 
Three Months ended     Six Months ended  
    June 30,     June 30,  
    2010     2009     2010     2009  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
                         
                         
Revenue $  24,852,753   $  7,617,186   $  43,693,579   $  14,023,300  
Cost of Goods Sold   (21,756,454 )   (6,618,793 )   (38,229,970 )   (12,246,822 )
Gross Profit   3,096,299     998,393     5,463,609     1,776,478  

 

GUANGZHOU, China, Aug 17, 2010 (BUSINESS WIRE) -- Heli Electronics Corp. (OTCBB:HELI) today has released its second quarter 2010 financial results. Heli Electronics is a marketing, distribution, and after-sales service company of Audio-Visual (AV) products in Mainland China, and is the primary marketing and distribution agency of Haier electronics in China. The company reported revenue of $24,852,753 for the three months ended June 30, 2010. This is a 226.3% or $17,235,567 increase over its Q2 2009 revenue of $7,617,186. For the six months ended June 30, 2010, Heli reported revenue of $43,693,579, an increase of $29,670,279, or 211.6% over the prior year's first six months.

Heli's net income also saw a significant increase in the most recent quarter. In the three months ended June 30, 2010, Heli's net income was $1,983,512, a 225.7% increase, or $1,374,484 over its second quarter 2009 net income of $609,028. For the six months ended June 30, 2010, Heli reported net income of $3,509,287, an increase of 232.3%, or $2,453,189 over six months ended June 30, 2009, with results of $1,056,098. Additionally, Heli's operating income saw an increase of 226.1% to $2,648,384. For the six months ended June 30, 2010, Heli reported earnings per dilu ted share at $0.02. For the second quarter alone, Heli reported earnings of $0.01 per diluted share.

Mr. Xin Qiu, President and CEO of Heli Electronics Corp., recently stated "It is clear from Heli's second quarter 2010 financial results how far the company has come in such a short period of time. In just two years, our company has grown to become one of the premier marketing and distribution agencies in China, as well as the primary sales, marketing, and logistics agency of China's top brand name in electronics and certainly AV products, Haier Electronics. The confidence that Haier has in Heli Electronics, as well as our shareholder's confidence, will help us continue to grow our business for the remainder of the year and beyond."

Other Financial Information

Heli's assets have increased from the end of 2009, with total assets of $17,280,343 as at June 30, 2010, an increase of 253.4% over the last six months. As of the end of the second quarter, the company's total liabilities are $11,469,572; $8,372,331 of which is accounts payable. Total liabilities increased 348.3% since December 31, 2009. Total shareholders' equity is $5,810,771, an increase of 152.6% since the end of 2009.

 


Products
   

Heli Electronics Corp. markets and distributes products from the Haier Audio/Visual line. These products include multimedia stereo systems, mini combination stereo systems and Home Theaters.

Multimedia Stereo Systems
Haier’s multimedia stereo systems are divided into several series, including the ST Series, TP Series, TQ Series, SR Series, and the HS Series. These systems can be placed in a number of environments, including desktops and home offices. The multimedia stereo systems are compact, stylish and each have a unique identity to set them apart. They range from two to several pieces and each have exceptional sound.

Mini Combinations
Haier’s mini combinations are perfect for smaller home entertainment centers. They each have superior sounds with deep bass and excellent mid to high range sounds. The materials are of excellent quality and are all quite stylish. They all can be controlled by remote control for extra convenience. They can be customized to suit your specific needs. Many of them include karaoke ready systems, and have many types of inputs including mp3 players and other devices.

Home Theatres
Haier’s home theatres are perfect for larger home entertainment centers. Many of them include Dolby Digital surround sound stand up speakers for unbeatable sound quality and acoustics you’d expect from a movie theatre or recording studio. They are extremely customizable to fit your exact needs and your equipment. Everything is controllable by remote. The materials are of the latest technology and highest build quality and are made to withstand the highest of volumes and any types of electrical problems.


 

PostSubject
#1970   I already reported this stock as a "worthless rekcusdo 03/20/12 02:55:41 PM
#1969   Shares in HELI are now badly burned toast... Pro-Life 03/02/12 01:20:57 PM
#1968   HELI revoked: Renee 03/02/12 11:14:09 AM
#1967   Yup...I wrote off this stock on my taxes rekcusdo 02/23/12 02:59:57 PM
#1966   Saw HELI hit the SEC's list of stocks, downsideup 02/14/12 11:19:01 PM
#1964   And that will be a good thing. The carpenter777 07/26/11 07:40:44 AM
#1963   HELI, seemed promising before the RS but I mo 1 07/25/11 01:57:11 PM
#1962   For all u still here: http://www.bloomberg.com/news/2011-07-05/china-said-to-dis TheProfit 07/11/11 06:33:03 PM
#1961   When are they going to resolve the accounting issues?? carpenter777 06/16/11 07:48:50 AM
#1960   He Lie Lectronics corp. HE LI Could Lowjack 05/01/11 08:01:12 PM
#1959   litar, Show us where insiders have been selling! carpenter777 04/26/11 08:25:15 AM
#1958   litar Share LT.CAPITAL.CAN-US 04/23/11 08:33:23 AM
#1957   litar Share LT.CAPITAL.CAN-US 04/23/11 08:27:34 AM
#1956   Wow, HELI just disappeared? That happened to maybe_this_time 04/22/11 11:39:27 AM
#1955   How do you trade this when trading was "halted"? armour1955 04/19/11 08:45:36 AM
#1954   I bought 1000 shares on Friday at 11c DigiTech 04/18/11 05:06:53 PM
#1953   When was this purchasable? If you'd bought rekcusdo 04/18/11 03:50:40 PM
#1952   Well Standintall is this you pushing this up armour1955 04/18/11 02:59:59 PM
#1951   I did not get around to call last DigiTech 04/18/11 11:58:20 AM
#1950   I sure will. DigiTech 04/16/11 06:30:31 PM
#1949   If you call them,please let us know if soldier543 04/16/11 03:27:29 PM
#1948   Well the lies are out there....someone is trading...the armour1955 04/15/11 05:15:25 PM
#1947   How do they buy and sell? I think AAEM 04/15/11 02:50:18 PM
#1946   Lol...they halted it so that someone could make rekcusdo 04/14/11 12:19:02 PM
#1945   So no one knows what the heck is armour1955 04/14/11 10:15:40 AM
#1944   ok armour1955 04/14/11 10:11:08 AM
#1943   That's the understatement of the year LOL DigiTech 04/14/11 10:06:12 AM
#1942   Sent an email two weeks ago. No response. carpenter777 04/14/11 08:07:05 AM
#1941   Yup, someone (MM) traded 400 shares @ .005 carpenter777 04/14/11 08:05:25 AM
#1940   Web site still works for me. Email works carpenter777 04/14/11 08:01:06 AM
#1939   Website still up but no functions working...i tried armour1955 04/13/11 11:47:12 AM
#1938   Soooo...HELI is TOAST eh? To bad...much armour1955 04/13/11 11:33:25 AM
#1937   They don't suspend stocks they have doubts about standintall 04/12/11 04:24:45 PM
#1936   Didn't anyone pay attention to the Chinese shell armour1955 04/12/11 04:14:04 PM
#1935   Anybody contacted the company? DigiTech 04/12/11 03:49:38 PM
#1934   The only news I see was a filing stevebondy 04/12/11 02:35:35 PM
#1933   Right now, my account says it's worth .005 John Bates 04/12/11 02:13:24 PM
#1932   Each stock of heli earns 2$,, sow the fawaz 04/08/11 08:28:25 PM
#1931   I agree but no auditor to file he financial. AAEM 04/08/11 09:30:35 AM
#1930   If the financials were as reported, the pps moos-los 04/08/11 08:06:54 AM
#1929   I'm so glad I finally found this board. stevebondy 04/06/11 03:18:10 PM
#1928   Just saw this filing from April 1st: carpenter777 04/05/11 09:43:10 AM
#1927   HELI : From OTCBB to OTC Grey Sheets : Renee 03/25/11 08:36:51 AM
#1926   me neither... did someone get a response ? lkjfdgldfkjg 03/24/11 05:46:13 AM
#1925   I did not get any information from ir moos-los 03/22/11 07:33:49 PM
#1924   So what the h*ll is HELI doing? Anybody carpenter777 03/22/11 12:40:00 PM
#1923   well guess this might add to the explanation Skyys 03/21/11 05:41:47 PM
#1922   Buh Bye $ - http://sec.gov/litigation/suspensions/2011/34-64101.pdf standintall 03/21/11 10:29:15 AM
#1921   HELI : SEC Suspension : link : Renee 03/21/11 09:31:53 AM
#1920   Thanks carpenter777 03/16/11 09:36:05 AM
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