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Longwei Petroleum (fka LPIH)

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Last Post: 5/6/2022 3:30:05 PM - Followers: 93 - 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



#9228   Anything ?? Watcher31 05/06/22 03:30:05 PM
#9227   LPH will rise again tbirdman 03/16/21 12:54:20 AM
#9226   This was posted 3 days ago on Nov honestengine_rh 12/02/20 10:42:01 AM
#9225   Anyone receive their checks from the settlement yet?? Flygy481 10/19/20 07:43:00 AM
#9224   Any news? Flygy481 07/18/20 09:47:33 AM
#9223   Do you have a facebook account? I have honestengine_rh 02/19/20 03:12:43 PM
#9222   That link has nothing attached to it Flygy481 02/18/20 05:53:12 PM
#9221   They last posted on Nov 10, 2019. Maybe honestengine_rh 02/18/20 02:41:35 PM
#9220   Any news or info ? Watcher31 12/31/19 02:40:34 PM
#9219   Never received a check. Prolly didn’t fill out Flygy481 11/14/19 04:13:54 PM
#9218   Note that the company is still a CO honestengine_rh 11/14/19 04:07:17 PM
#9217   Rest assured that you are sitting on a honestengine_rh 11/08/19 03:50:07 PM
#9216   Anyone know anything ? Watcher31 05/15/19 09:07:33 AM
#9215   Has anyone heard any news on LPIH? Seriously, mbh321 04/16/19 12:53:53 PM
#9214   ???? Flygy481 02/09/19 01:22:42 PM
#9213   The SEC has been contacted and they are honestengine_rh 11/11/18 07:29:36 PM
#9212   I personally think the company is doing fine chiefs11 05/15/18 08:22:49 AM
#9211   There’s nothing left here, give it up Flygy481 05/15/18 05:33:14 AM
#9210   Has anyone tried to reach lpih and find chiefs11 05/14/18 08:58:21 PM
#9209   Revoked..... Now we'll find out if I was chiefs11 05/11/18 08:01:00 PM
#9208   The return of a revoked stock to active TenKay 05/11/18 04:17:10 PM
#9207   Thanks for the reply. The most non biased, Flygy481 05/11/18 02:48:37 PM
#9206   You have to ask the company. But TenKay 05/11/18 02:33:42 PM
#9205   Private now? New stock price? Are we getting paid? Flygy481 05/11/18 02:09:31 PM
#9204   The “Stay Order” applies to the OIP and TenKay 05/11/18 01:35:12 PM
#9203   This is a mistake because the judge already honestengine_rh 05/11/18 01:11:32 PM
#9202   LPIH SEC REVOKED TenKay 05/11/18 09:32:27 AM
#9201   the june 30 is the end of year chiefs11 04/16/18 08:57:22 PM
#9200   According to page 21 of Eros' lawsuit, Geo honestengine_rh 04/16/18 01:44:10 PM
#9199   My guess is after the June 30 audit. honestengine_rh 04/16/18 10:50:28 AM
#9198   If all the class action suits against chiefs11 04/12/18 01:40:50 PM
#9197   It looks like the SDNY is getting wise. honestengine_rh 04/02/18 09:30:53 PM
#9196   Yes. Here is another lawsuit for Geo honestengine_rh 04/02/18 07:55:25 PM
#9195   So I should disregard the card I received chiefs11 03/29/18 12:45:49 PM
#9194   That's good...i guess, either trade the darn thing chiefs11 03/22/18 01:23:20 PM
#9193   The Denver judge requested that the stock be honestengine_rh 03/22/18 09:25:01 AM
#9192   Where did this come from. What chiefs11 03/21/18 05:14:57 PM
#9191   Still in play. Thanks for the info. surfer44 03/19/18 09:09:11 PM
#9190   Longwei got their 'stay' from filing financial statements honestengine_rh 03/19/18 06:58:10 PM
#9189   This is will force Longwei to either appeal, honestengine_rh 01/31/18 08:04:38 AM
#9188   I guess those frightened shorts were right all joev2 01/30/18 07:40:12 PM
#9187   https://finance.yahoo.com/news/court-orders-dissolution-longwei-petroleum-205622 The Swede 01/30/18 07:11:58 PM
#9186   I do not have a working number for Watcher31 01/14/18 02:14:38 AM
#9185   It would be nice to hear something...don't you chiefs11 01/13/18 08:12:53 PM
#9184   any current info on the companies status today, Watcher31 12/10/17 03:03:16 PM
#9183   Got it, thank you . chiefs11 12/08/17 04:06:19 PM
#9182   Look above Marian Filo's post and below Longwei honestengine_rh 12/08/17 03:04:48 PM
#9181   Sorry, i don't see it chiefs11 12/08/17 11:51:57 AM
#9180   Look for this at the bottom of the page: honestengine_rh 12/08/17 08:48:46 AM
#9179   Can you direct me to something in the chiefs11 12/08/17 08:42:49 AM
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