Home System Group (fka HSYT)

[mrdarcy1]

Fresh DD on shipments for Weihe and Oceanic as well as Sanfan. Sorry for the postings but I just realized I had to aggregate the data to get full shipment data for the companies as they were segregated by shipping address. This is mostly a conglomeration of my previous posts with new and more correct data. This took quite a while to put together but I felt it was important to get some real DD done as the Chinese microcap sector as a whole is so beaten down with fraud allegations. Based on my research below I now rest easy knowing this will be a good investment some day soon. This is my opinion only and you need to make your own decisions and do your own research.

Any comments or feedback (good or bad) is appreciated.

A few things to note first off:

1) This data is ONLY for shipments made to the US. And only for consignees that allow their information to be public. For instance, Nike has privatized their shipping data, likely for marketing reasons.
2) As mentioned above, since this is only for PUBLIC US shipments, there are likely more shipments then I can find data for. For instance, Oceanic seems to be shipping a lot of barbecue's to Rona - a Canadian big box building supply chain. We are seeing the shipments that happen to land in US ports but it could be very well that any number of shipments arrived in the port of Vancouver and I don't have that data. We know also that there are sales to Australia and New Zealand for sure and likely Europe as well. Not to mention domestic orders.
3) These numbers CANNOT be fudged, unlike some company's financial statements. This data comes from US Customs and that can't be messed with. If anything, as mentioned above - these numbers are low.

Products/Customers/Brand Names:

Oceanic Well Profit

Primary products:

Barbeques (grills), range hoods

Customers:

Rona
Costco
Home Depot
Dzv Distributing LLC
Rmkd Lighting
Z Lite Jenamees
Tigerlight Inc.

Zhongshan Sanfan

Primary products:

Residential lighting, air conditioners, fans, wine coolers

Customers:

Sunway Fan Co.
Madai Sistems Inc.
Kirpalani's Ltd.
Home Hardware
Dallas China Int'l Inc.
Nieves Air Conditioning Inc.
Wine Enthusiast companies
5 Horizons Group LLC

Zhongshan Weihe Electrical

Primary products:

Ceiling fans, fans, blowers, lighting

Customers:

HD Supply
LG Sourcing (Lowes)
Ferreteria epa S.A. autopista
NAO Enterprise Inc.
Home Hardware
Hunter Fans
Sears/K-Mart (see this msg here for links to products online.

SHIPMENT INFORMATION

Weihe

Date		# shipments		Weight (kg) 
 1/2010		12		56,800 
 2/2010		2		8,625 
 3/2010		7		79,700 
 4/2010		10		56,500 
 5/2010		15		82,335 
 6/2010		13		103,900 
 7/2010		12		85,200 
 8/2010		10		75,300 
 9/2010		13		95,200 
 10/2010	15		108,700 
 11/2010	14		116,100 
 12/2010	18		120,900 
  
 2010 Totals:	141		989,260 
  
 1/2011		6		59,200 
 2/2011		19		171,100 
  
 2011 totals:	25		230,300  <--- Only 2 months data but that looks pretty nice compared to 2010

Oceanic Well Profit

Date		# shipments		Weight (kg) 
 10/2010		2		6,700 
 11/2010		2		15,000 
 12/2010		2		11,800 
  
 2010 totals:	6		33,500 <---- Note: All other months in 2010 had negligible shipments so were excluded 
  
 1/2011		7		52,600 
 2/2011		2		11,200 
 3/2011		7		45,200 <--- Inclusive to 3/17/2011 
  
 2011 totals:	16		109,000 <---- All I can say is WOW

Sanfan

 
 Date		# shipments		Weight (kg) 
 1/2010		2		26,100 
 2/2010		2		19,300 
 3/2010		1		11,400 
 4/2010		8		72,100 
 5/2010		3		29,300 
 6/2010		4		32,800 
 7/2010		2		22,700 
 8/2010		4		42,400 
 9/2010		1		11,800 
 10/2010	0		0 
 11/2010	1		11,800 
 12/2010	1		10,500 
  
 2010 totals:	29		290,200 
  
 1/2011		3		35,500 
 

Note: Sanfan appears to have a lot more varied products. Because of this, shipment weights seem to fluctuate wildly. A light fixture for instance will weight a lot less then an air conditioner or wine cooler. The only thing this data shows imo is that Sanfan is alive and kicking, it gives zero indication of sales value at all.

GRAPHS

Now on to the graphs. Below are the graphs giving a graphical representation of the data presented above. This data is compiled from panjiva.com - feel free to open an account yourself to verify my data.

Weihe - Shipments



Weihe - Weight



Oceanic Well Profit - Shipments



Oceanic Well Profit - Weight



Sanfan - Shipments



Sanfan - Weight




Print Screens

Below are a few print screens showing useful information.

Weihe - New major customers
This print screen shows that recently Weihe has made shipments to LG Sourcing (Lowes) and Hunter Fan co.



HD Supply - Weihe as a major supplier
HD Supply, the former distribution arm of Home Depot went private at a cost of 8.5 Billion in 2007. At that time they had revenues of 13 Billion/year. This screen shot shows Weihe as their #6 supplier.



Well Profit - customers
Below is a screen shot showing some of Oceanic Well Profit's customers and recent shipments.