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Longwei Petroleum (LPIH)

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Last Post: 3/22/2018 9:25:02 AM - Followers: 101 - Board type: Free - Posts Today: 1

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:

    -- 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:  

Investor Relations:     RedChip Companies, Inc. - Dave Gentry (407)644-4256 ext. 104    e-mail:

Link to video about Longwei's operations:  (Copy & Paste) mms://



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#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 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
#9178   Longwei's current Facebook posts leave no doubt that honestengine_rh 12/08/17 08:24:44 AM
#9177   The 25,000 shares at .021 was a short honestengine_rh 12/08/17 08:21:00 AM
#9176   It was trading at that price when the honestengine_rh 12/08/17 08:19:29 AM
#9175   Sure wish they'd give some news or post chiefs11 12/06/17 09:03:20 AM
#9174   Can you elaborate on when this was trading mbh321 11/10/17 12:18:40 PM
#9173   Shorts had 99% short volume yesterday. In honestengine_rh 10/31/17 09:03:39 AM
#9172   I'm not looking to sell by Christmas chiefs11 10/04/17 07:42:50 AM
#9171   Similar to being a kid waiting for Christmas. honestengine_rh 10/03/17 10:26:41 PM
#9170   Thanks....i was hoping for a very merry Christmas...but chiefs11 09/29/17 05:46:01 PM
#9169   They are probably talking about a settlement because honestengine_rh 09/29/17 01:06:24 PM
#9168   Is there anyway we can find out in chiefs11 09/29/17 12:15:02 PM
#9167   This article is currently pinned. Note that honestengine_rh 09/27/17 10:04:07 PM
#9166   Delisting is a Must--Digesting Key Issues in Longwei's honestengine_rh 09/19/17 01:47:13 PM
#9165   It would be nice if they posted the chiefs11 09/19/17 07:48:25 AM
#9164   This is currently pinned to Longwei's FB apage. honestengine_rh 09/17/17 09:26:58 AM
#9163   "There is little risk in investing Longwei within honestengine_rh 09/13/17 08:38:15 AM
#9162   Stock does not trade like a penny stock. honestengine_rh 09/13/17 08:23:31 AM
#9161   Longwei can re-file the lawsuit. Thanks for honestengine_rh 09/13/17 08:20:06 AM
#9160   That was the price at the time. honestengine_rh 09/13/17 08:18:44 AM
#9159   Again, this lawsuit was dropped. Look on Carne's joev2 09/12/17 03:42:31 PM
#9158   How do you get $1.17/share? Flygy481 09/12/17 11:08:06 AM
#9157   Now what: Longwei's stock currently trades at $1.17, honestengine_rh 09/12/17 08:45:37 AM
#9156   Tony Wesolowsky Well, just sunk a whole lot honestengine_rh 09/12/17 08:41:57 AM
#9155   I see lots of public posts...what did the chiefs11 09/12/17 08:27:21 AM
#9154   The lawsuit against the short-sellers is the only honestengine_rh 09/12/17 08:14:51 AM
#9153   They have an outside IT service. honestengine_rh 09/12/17 08:09:00 AM
#9152   You know that Facebook is blocked in China right? The Swede 09/12/17 04:54:03 AM
#9151   Here is the article since their FB page honestengine_rh 09/11/17 08:16:13 PM
#9150   Longwei is currently showing 2 posts from friends honestengine_rh 09/11/17 02:40:39 PM
#9149   I hope they do something positive soon...this waiting chiefs11 08/31/17 08:04:38 AM
#9148   Any updates? Flygy481 08/30/17 05:38:09 PM
#9147   Yes, it will. Just because a guy honestengine_rh 08/23/17 08:27:34 AM
#9146   Click on 2017. They posted on 8/16/17. honestengine_rh 08/23/17 08:24:54 AM
#9145   Will this start trading again? Flygy481 08/22/17 09:35:40 PM
#9144   Much appreciated sir, will do. mbh321 08/22/17 09:24:27 PM