LPIH - China Play

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Look at today's announcement:

Longwei Petroleum Announces Record Revenue and Earnings for Fiscal 2009 Year-End

Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH - News), announced today its financial results for the full year fiscal 2009 ended June 30, 2009.

Chairman and CEO, Mr. Cai Yongjun, stated: "I am very pleased with our financial results for fiscal 2009. Our fuel distribution business continues to grow at a rapid pace. The rapid industrial growth in the Shanxi province of China where we operate combined with the expansion of our storage capacity from 50,000 metric tons to 120,000 metric tons will make us the largest non-government owned fuel distributor in our province. I am very bullish on our future and believe that we will deliver double-digit revenue and earnings growth in fiscal 2010 and beyond."

The Company reported revenue of $196,811,000 for the fiscal year ended June 30, 2009, up 37% from $143,788,000 in fiscal year 2008. Net income (excluding one time non-cash items) grew 28% year-over-year to $26,549,000 or $0.35 EPS, up from $0.28 EPS in the prior-year period. EBITDA in fiscal 2009 was $31,575,000, up from $30,781,000 from the same period last year. Net income grew 5% to $21,777,000 or $0.28 EPS compared to $20,715,000 or $0.28 EPS in fiscal 2008. Though gross margins decreased from 26% to 20% year-over-year due to costs associated with the buying and selling of its fuel inventory, net margins remained strong at 11% or 13% (excluding one-time non cash items).

Additionally, shareholders equity increased 30% year-over-year from $88,541,000 to $114,923,000. Book value increased 24% from $1.21 per share to $1.50 per share.

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Longwei Petroleum Announces Revenue and Earnings for the First Quarter of Fiscal Year 2010 Ended September 30, 2009
TAIYUAN CITY, China, Nov. 20 /PRNewswire-Asia-FirstCall/ --

-- Revenue up 33% Year-over-Year to $59.36 million
-- Net Income up 31% Year-over-Year to $7.21 million, or $0.09 EPS
-- Net Income Excluding Non-Cash Fair Value Adjustments Associated with
Stock Warrants was $8.26 million, or $0.10 EPS
-- Operating Income up 48% Year-over-Year to $11.06 million

Source: Longwei Petroleum Announces Revenue and Earnings for the First Quarter of


These are blow-out number$ -- $trong Buy


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LPIH - RedChip Raises Target

RedChip Visibility Raises Target Price and Reaffirms Strong Buy Rating in Research Note Issued on Longwei Petroleum
ORLANDO, Fla., Dec 3, 2009 (GlobeNewswire via COMTEX) --

RedChip Visibility, a division of RedChip Companies, Inc., today announced it has issued a first quarter fiscal year 2010 research note on Longwei Petroleum Investment Holding Ltd. (OTCBB:LPIH), a diesel, gasoline, fuel oil, and solvent oil distributor operating in China's Shanxi Province.

Rahul Sowani, Research Analyst for RedChip, reported:

"Longwei's 1QFY10 performance was better than expected and the top line will further strengthen as the new Gujiao facility becomes fully operational. Management is expecting an additional $40 million in revenue and $6 million in net profit in FY10 which we believe is attainable given the vast customer base available in Gujiao. With strong macro-economic indicators of the Chinese economy and the Gujiao facility development nearing completion, we expect Longwei to strengthen its current market position and aggressively pursue additional market share in Shanxi Province."

Sowani continued: "We are reiterating our Strong Buy rating and raising our target price to $5.00 on LPIH shares as we anticipate the rebound in China's economy coupled with the sizeable near-term increase in the Company's capacity to significantly enhance revenues and earnings beginning in the second half of FY10. We will however continue to closely monitor the effect of the Chinese government's measures targeted at curbing pollution in the Shanxi province as well as any announcements regarding the acquisition of new customers for the additional capacity that the Gujiao facility will offer."


Source: RedChip Visibility Raises Target Price and Reaffirms Strong Buy Rating in Research Note Issued on Longwei Petroleum - Yahoo! Finance