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Wuhan General Group Inc. (WUHN)

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Last Post: 12/13/2017 1:27:37 PM - Followers: 21 - Board type: Free - Posts Today: 0

       Wuhan General Group (China) , Inc.



Wuhan Blower Co., Ltd.



Wuhan Blower is located in the East lake New Technology Development Zone in the southernmost part of Wuhan, Hubei Province, where the Company enjoys easy access to railroads, waterways and roads necessary for the transportation of products. Wuhan Blower operates in a new facility in a campus-like setting and occupies a land area of approximately 32 acres.

Our industrial blowers are widely used in a variety of applications such as electricity generation, air pollution control, ventilation, aeration and sewage treatment.

Axial fans - Axial fan blowers consist of a bladed impeller in an elongated cylindrical casing and are primarily used to provide high-volume, low-pressure air for larger power stations of 200 to 1,000 megawatts.

Centrifugal blowers - Centrifugal blowers consist of a "squirrel cage" type of impeller (or rotor) in a scroll- or spiral-shape casing. This type of blower provides a lower volume of air, but at higher pressures, and is used in medium-sized power stations of 100 to 300 megawatts for blowing coal dust into furnaces. They are also mainly used for aeration in sewage treatment plants.

Exhaust silencers - We produce silencers or "mufflers" fitted to the exhaust side of our centrifugal blowers. These silencers are very similar in form and function to the muffler on an automobile.



                                         Wuhan Generating Equipment Co., Ltd                                                                                                   




On January 9, 2007, Wuhan Blower completed the formation of Wuhan Generating. To develop the Company's turbine business, Wuhan Blower reached an understanding with China Chang Jiang Energy Corporation, which owns Wuhan Turbine Works, a manufacturer of energy turbines for power plants.

Recently, the Company completed the construction of a new turbine manufacturing facility and started to run the commercial operation now.

Wuhan Generating primarily produces steam and water turbines. Currently four types of steam turbines are available: Regular steam turbines, Co-generation turbines, Heat centric turbines and Variable pressure output turbines.

Currently the Company has around 30 customers in the turbine segment.  The five largest customers are: Wuhan Chang Yuan Water Turbine Co., Ltd.; China Aluminum International Hua Ying General Contract Division; Jiangsu Huang Li Paper Co., Ltd. Liuzhou Chemical Co., Ltd.; Sandong Yue Hua Chemical Co., Ltd. 




Wuhan Sungreen is a China-based manufacturer of blower silencers, connectors, and other general spare parts for blowers and electrical equipment.

The assets that were purchased from the Seller were re-appraised by an independent appraisal firm Zhuhai GongPingSiYuan Appraising Co., Ltd. ("Zhuhai"). The re-appraisal found that the purchase price of the assets was not materially unfair. Zhuhai concluded that when the entire construction of the workshop and buildings is completed, the purchase price should be considered fair. However, due to the limitation of insufficient resources and the Company's plan to dispose of Wuhan Sungreen, the Company has ceased any further construction of the workshop and buildings. See also Note 8 - Property, Plant and Equipment, and Note 10 - Construction in Progress.


          Land Use Rights

The Company carries land use rights at cost less accumulated amortization. Land use rights are amortized straight-line over the useful life of 50 years for the Wuhan Blower and Wuhan Generating campus, and of 30 years for the Wuhan Sungreen campus.


The shared campus of Wuhan Blower and Wuhan Generating consists of approximately 440,000 square feet (44,233 square meters) of building floor space. The Company's turbine manufacturing workshops provide approximately 401,622 square feet (37,312 square meters) of floor space. The office buildings that house the business operations of Wuhan Generating and Wuhan Sungreen provide an additional 287,650 square feet (26,723 square meters) of floor space.


The local government approved the architectural plans for all of the buildings. Currently Workshop 1, Warehouse, Dormitories, and Commercial Shops have not been built. In 2010, the Company ceased any further construction on the campus of Wuhan Sungreen in anticipation of the disposal of the subsidiary.

The parcel of land purchased in the asset acquisition and now carried on the books of Wuhan Sungreen totals 792,547 square feet (73,630.05 square meters). The land has been used for Wuhan Sungreen's operations. The land use right will be amortized over 30 years.



In order to improve its cash flows from operations and working capital, the Company decided to redeploy its capital to meet requirements of its business plan. On December 29, 2010, the Company classified its subsidiary Wuhan Sungreen as a discontinued operation. Accordingly, Wuhan Sungreen's operations have been classified as discontinued operations in the consolidated statements of income and cash flows and the assets and associated liabilities have been classified as held for sale in the consolidated balance sheets. The Company reviewed its Wuhan Sungreen assets and plans to sell these assets for approximately $20 million before 2012. Proceeds from the sales of Wuhan Sungreen assets will be used for working capital for Wuhan Blower and Wuhan Generating and potentially purchasing of equipment.





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Common Stock - $0.0001 Par Value 100,000,000 Shares Authorized; 32,505,000 and 28,327,607 Shares Issued & Outstanding at September 30, 2012 and December 31, 2011, respectively.
Directors and Executive Officers as a group (8 persons)(11)                20,004,398                     61.2      %

Institutional Ownership including convertable preferred (estimated)

NewQuest Capital Management (Cayman) Limited(2)(4) 3,363,820 9.9 %
Adam Benowitz and Vision Capital Advisors, LLC(2)(5) 3,317,447 9.9 %
The TCW Group, Inc.(2)(6) 2,231,849 6.6 % 
                                                             Form 10 Q for period ended 30.sept. 2012    >link<

Legal Counsel Contact:
Anslow + Jaclin LLP
Avraham Adler
195 Route 9 South, Manalapan,
NJ 07726
Telephone: (732) 409-1212 x 221

Investor Relations Contact:
Mr. Liu Guoliang
Phone: +86-27-59700069 (China)
Wuhan General Group (China),Inc.
Canglongdao Science Park
Wuhan East Lake Hi-Tech Development Zone

Gregg E. Jaclin, Esq. of Anslow + Jaclin, LLP, our outside securities counsel at (732) 409-1212


Wuhan General Group, Inc.
Mr. Guoliang Liu, Investor Relations
Phone: + 86-27-5970-0069 (China)
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#705   Coal Dust Wuhan Blowers Market Changes sunsailor 12/13/17 01:27:37 PM
#704   WUHN (non-pro) phony spreads reveal bogus buying IMHO. sunsailor 12/12/17 10:02:51 AM
#703   WUHN Nevada SOS & SEC links to watch closely. sunsailor 12/12/17 09:22:10 AM
#702   ( IF ) buying is REAL, where's NOV sunsailor 12/11/17 09:37:46 AM
#701   Beijing YAO LIANGREN owns WUHN,VALV, DEER, & (CAST: Revoked) sunsailor 12/11/17 09:05:13 AM
#700   6,681,269 PREFERRED SHARES STILL HELD as of last 10K! sunsailor 12/11/17 08:17:04 AM
#699   Hoping for another SEC SC13D from Beijing Inv. sunsailor 12/11/17 07:50:36 AM
#698   Usually takes 30 days for SEC filing 8-A sunsailor 12/11/17 07:41:17 AM
#697   WUHN PAID US$107,000 FOR SHELL FRAUDSTERS STOLE! sunsailor 12/11/17 07:06:28 AM
#696   Sage Wisdom: "Any PROOF? How Do You Know This?" sunsailor 12/10/17 08:40:44 AM
#695   SPEAK UP PROACTIVELY SOONER!!! sunsailor 12/10/17 08:29:57 AM
#694   Company is dissolved and dead. Looks like a Synergyotc 12/09/17 04:56:24 PM
#692   (We hope we're wrong.) PAYS TO BE CAUTIOUS! sunsailor 12/08/17 09:31:40 AM
#691   REUTERS: 2012 Interest expense alone was $10.2 MILLION! sunsailor 12/07/17 11:00:03 AM
#690   $2,800 for 10,000 shares is CRAZY! sunsailor 12/07/17 10:39:39 AM
#689   WUHN LAST FILING WAS 4/15/2013. sunsailor 12/07/17 09:08:09 AM
#688   Well, whaddayaknow. WHAT'S THIS? HUH?? sunsailor 12/06/17 09:00:27 PM
#687   WUHN$$$$$ Lcrazylegs84 12/06/17 08:22:30 PM
#686   USE EXTREME CAUTION: sunsailor 12/06/17 08:13:09 PM
#685   From SEC WUHN historical filings sunsailor 12/06/17 02:23:37 PM
#684   WUHN ( 'Shell Identity Theft' ) like JADA? sunsailor 12/06/17 02:06:32 PM
#683   No bid support, very low volume. Surely others would Nottrunner 11/28/17 09:29:21 AM
#682   great source. You will see when this explodes relativity 11/28/17 09:27:11 AM
#681   Any proof? How do you know this? Nottrunner 11/27/17 06:51:51 PM
#680   Shell was bought 2 weeks ago. Reverse merger coming. relativity 11/27/17 06:17:01 PM
#679   Great day Stockteacher80 11/20/17 06:50:45 PM
#678   Big jump on very little trading Nottrunner 11/20/17 02:46:53 PM
#677   Some twitter activity shows some groups may be accumulating. Nottrunner 11/20/17 02:46:11 PM
#676   Anyone know what going on with this? Nottrunner 11/20/17 02:43:56 PM
#675   Interesting activity here Nottrunner 11/20/17 02:43:20 PM
#674   Date : 08/12/2014 dannie30 09/17/14 01:13:03 PM
#673   Wow did I call it right or what ? Quaaflac 09/09/14 01:21:50 PM
#672   Wuhn looking good here @ .30 imo. Quaaflac 07/25/14 01:18:25 PM
#671   160k volume painted AverageTrader 09/04/13 05:00:47 PM
#670   Solid buying today, CDEL on the bid @ .10 Quaaflac 09/03/13 12:53:22 PM
#669   Woohoo! finally up 17%! AverageTrader 07/23/13 03:38:36 PM
#668   I hear what your saying about lack of Wisebuys 06/25/13 03:15:50 PM
#667   I think there is just no buying going Quaaflac 06/25/13 03:05:51 PM
#666   Do you think all this selling is real, Wisebuys 06/25/13 02:03:21 PM
#665   Mostly from China small cap mutual funds in Quaaflac 06/25/13 02:01:12 PM
#664   Seems like most of the trades here are Wisebuys 06/25/13 11:54:33 AM
#663   Whats the story with the $15,000 bid by ADTF? Wisebuys 05/23/13 11:59:23 AM
#662   10q still not out yet the 10k came dannie30 05/17/13 09:36:34 AM
#661   The report should be out tomorrow. "The Registrant Quaaflac 04/04/13 05:49:51 PM
#660   thank you ,i hope it will be good dannie30 03/28/13 02:14:43 PM
#659   This could shoot up into the .30's when Quaaflac 03/28/13 02:10:16 PM
#658   Any day now, less than a week as Quaaflac 03/28/13 02:06:51 PM
#657   when comes that 10k? dannie30 03/28/13 02:04:22 PM
#656   $WUHN on Reg SHO list, naked shorting. Quaaflac 03/28/13 02:01:10 PM
#655   Mar 15, 2013 ??? dannie30 03/28/13 01:29:00 PM