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Re: hweb2 post# 69662

Monday, 04/09/2007 8:41:04 PM

Monday, April 09, 2007 8:41:04 PM

Post# of 173928
Hweb, it was posted on their website, but in Chinese:
http://www.xltrq.com/news/shownews.asp?newsid=1130
It could be something to inspire their employee, but I think they have the potential to achieve that goal.
From the same speech, I know there are three projects on schedule. One is the liquified natural gas project (500,000 Nm3/d)in Jinbian county, which if successful will give them a good source for liquified natural gas. They have already signed a contract with Jinbian county. The total investment for this project will be 360M RMB(about 43M US$). From the internet, I found the Jinbian county claims that the project can generate 87M RMB profit per year, so it will only take four years to get your investment back. I don't know if that can be ture or not.
I don't know the details about the other two projects. From the names of those two projects, I guess they plan to rapidly spread their gas filling stations and services into other provinces in China and increase their sale numbers. They plan to continue their development in Shanxi, Shanxi2(a different province),and Henan province, and advance to Shandong and Anhui province. They plan to move to Beijing and Tianjin market in 2008.
That's all I know about this company. Basically, I think they're for real, and I hope they can effectively execute their plan. Don't forget that sucker BBC and Bo Chen (current CEO of BBC) own quite some shares of CHNG.OB. Hopefully, they have dumped their shares.
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