CHGS: O/S=26,803,044; FLOAT=11,571,296.
Insiders: 15,231,,748 shares.
( As of April 14, 2014 ) LONG VALUE BABY!!!!!!!!
WE NOW OWN 5% CHGS ( ~ 1,340,000 shares ) FOR A MERE $13K! ( weekend fun money )
CHGS was as high as $6.74 on or about 12/1/2010; & .05 cents in 1/1/2015, after big oil tumbled to low $30’s.
Page 5 of last 10K:
“On April 25, 2007, we also completed a private placement financing transaction pursuant to which we issued and sold 5,347,594 shares of our common stock to certain accredited investors for $10 million in gross proceeds.
On January 4, 2011, the Company and certain institutional investors entered into a securities purchase agreement pursuant to which the Company ((((( sold to such investors an aggregate of 2,500,000 shares of common stock at a price of $4.00 per share ))))) for aggregate gross proceeds to the Company of $10,000,000. The shares of common stock were issued pursuant to a prospectus supplement dated as of January 10, 2011, which was filed with the Securities and Exchange Commission in connection with a takedown from the Company’s shelf registration statement on Form S-3 (File No. 333-165486), which became effective on April 28, 2010, and the base prospectus dated as of April 28, 2010 contained in such registration statement.
Segmental Information
Our operating segments are functioned by our manufacturing facilities and include four reportable segments: refractories, industrial ceramics, fracture proppants and fine precision abrasives.”
PAGE 9:
“We have over 300 customers in 25 provinces in China, as well as in greater Asia and Europe. Our customers include some of the largest steel and iron producers and petroleum & chemical producers in China. During 2013, sales to one of our customers, PetroChina Changqing Oil Field (“Changqing”) represented 10% or more of our consolidated sales. Our sales to Changqing amounted to approximately $11.1 million or 18.2% of our revenue. During 2012, sales to two of our customers, Jilin Petroleum Group Company Ltd. (“Jilin”) and Shandong Steel Co., Ltd, Rizhao Subsidiary (“Rizhao”) represented 10% or more of our consolidated sales. Our sales to Jilin amounted to $9.0 million or 12.3% of our revenue and sales to Rizhao amounted to $8.6 million or 11.7% of our revenue. During 2011, sales to Shanghai Jolly Trading Co., Ltd. (“Jolly”) and Rizhao represented 10% or more of our consolidated sales. Our sales to Jolly amounted to $10.9 million or 14.1% of our revenue and sales to Rizhao amounted to $8.5 million or 11.1% of our revenue.
Our top ten customers among our segmental lines for the years ended December 31, 2011, 2012 and 2013, which are listed below, accounted for approximately 63.9%, 57.0% and 63.2% of our consolidated revenues, respectively.
Our Top 10 Customers
(As of December 31, 2013)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
PetroChina Changqing Oil Field $ 11,108 18.2% Xi’an, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 5,460 9.0% Rizhao, China
Fushun New Steel Co., Ltd. 5,173 8.5% Fushun, China
CNPC Chuanqing Drilling & Exploration Corporation 4,600 7.6% Xi’an, China
Heilongjiang Jianlong Iron & Steel LLC. 2,976 4.9% Shuangyashan China
Anshan Baode Iron & Steel Ltd. 2,440 4.0% Anshan, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 2,012 3.3% Jiayu, China
Tuha Oil Drilling & Exploration 1,979 3.3% Kumul, China
Anhui Chang Jiang Iron & Steel Co., Ltd. 1,676 2.8% Maanshan China
Gangyu Fracture Proppants Co., Ltd 999 1.6% Yuanqu, China
Total $ 38,423 63.2%
8
(As of December 31, 2012)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
Jilin Petroleum Group Company Ltd. $ 9,016 12.3% Jilin, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 8,586 11.7% Rizhao, China
Trina Solar 5,206 7.1% Changzhou, China
Fushun New Steel Co., Ltd. 5,194 7.1% Fushun, China
Heilongjiang Jianlong Iron & Steel LLC. 2,777 3.8% Shuangyashan China
Zibo Hongda Steel LLC 2,540 3.5% Zibo, China
Sinopec Shengli Oilfield 2,440 3.3% Dongying, China
CNPC Chuanqing Drilling & Exploration Corporation 2,254 3.1% Xi’an, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 1,937 2.6% Jiayu, China
Anshan Baode Iron & Steel Ltd. 1,829 2.5% Anshan, China
Total $ 41,779 57.0%
(As of December 31, 2011)
Sales (in
thousands of Percentage of Locations of
Customers US dollars) net sales Customers
Shanghai Jolly Trading Co., Ltd $ 10,873 14.1% Shanghai, China
Shandong Steel Co., Ltd., Rizhao Subsidiary 8,539 11.1% Rizhao, China
AMSAT International 6,504 8.5% USA
Trina Solar 5,864 7.6% Changzhou, China
Fushun New Steel Co., Ltd. 3,946 5.1% Fushun, China
Zibo Hongda Steel LLC 3,222 4.2% Zibo, China
Xianyang Chuanqing Qingxinyuan Engineering Co., Ltd. 3,197 4.2% Xianyang, China
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. 2,732 3.6% Jiayu, China
Heilongjiang Jianlong Iron & Steel LLC. 2,258 2.9% Shuangyashan China
Anshan Baode Iron & Steel Ltd. 1,988 2.6% Anshan, China
Total.”
End quote.
THAT’S WAY BACK IN 2013 PERIOD! NO WONDER THEY MULTIPLIED FIVE TIMES SINCE!!!
LOOK AT THAT CHGS TENS OF MULTI-MILLION DOLLAR VERY SOPHISTICATED MULTI-LEVEL & LAYERED WEBSITE AS WELL!
WOW. Just astonishing comeback indeed we always knew would happen. WE WERE RIGHT ON TARGET!
IT PAYS TO DIG ( for years ) FOR RESEARCH!!! >>> YEAH BABY YEEAH! >>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
