I think few people knows this stock, SNEN's recent guidance:
SNEN Sinoenergy Inc. Provides 2007 Guidance
* 2007 revenues expected to grow to $30.0-$32.0 million * 2007 income from
operations expected to grow to $9.0-$10.0 million
QINGDAO, China, April 20, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ --
Sinoenergy Corporation (SNEN), ('Sinoenergy' or the 'Company'), a
manufacturer of compressed natural gas (CNG) vehicle and gas station equipment
and a designer, developer and builder of CNG stations, as well as a company
authorized to operate CNG filling stations in China announced guidance for new
revenue and income from operations for 2007.
For 2007, Sinoenergy expects to generate net revenue in the range of $30.0-$32.0
million, an increase of more than 140% from 2006 net revenue of $12.4 million.
Income from operations is expected to be in the range of $9.0 to $10.0 million,
as compared with income from operations of $4.2 million in 2006. Revenue and
profit growth will be driven by the proposed launch of 20 CNG filling stations in
the second half of 2007, along with the introduction of the marketing of our
conversion kits which enable owners of gasoline- powered vehicles to use CNG. We
expect that net revenue of $17-$18 million will be generated from our CNG filling
stations, CNG vehicle conversion kits and our CNG-related business, and $13 to
$14 million will be contributed by the traditional manufacturing segment.
Commenting on Sinoenergy's 2007 outlook, Mr. Bo Huang, Sinoenergy's Chief
Executive Officer, said, 'During the first quarter of 2007, Sinoenergy has made
significant progress in expanding our presence in the CNG vehicle market in
China, and experienced strong contract awards for conversion kits, CNG
infrastructure, and non-standard pressurized containers. We believe that our 2007
results can benefit from the development of our new CNG business, the
introduction and marketing of CNG vehicle conversion kits and the continued
internal growth of our traditional non-standard pressure container business. Our
net income will be affected by the extent that we have to borrow to expand our
business and the terms of any borrowings or other financings as well as the
availability of a tax holiday relating to a significant portion of our
business.'
'We believe we are well positioned to participate in the expected rapid growth
of the CNG-powered vehicle market in China, with the right strategies and a
management team with extensive industry experience that can continue the
successful execution of Sinoenergy's business plan. However, this guidance is
based on such factors as our ability to continue to generate business, our access
to the necessary capital to expand our business and the continued expansion and
development of both the CNG business in the PRC and the economy of the PRC as a
whole,' Mr. Huang concluded.
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas
station equipment as well as a designer, developer and builder of CNG stations in
China. In addition to its CNG related products, the Company also manufactures a
wide variety of pressure containers for use in different industries, including
the design and manufacture of various types of pressure containers in the
petroleum and chemical industries, the metallurgy and electricity generation
industries and the food and brewery industries.
