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Old Mon, 08-07-2006, 04:11 PM   #1 (permalink)
camzio
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Join Date: Jul 2006
Location: Belgium
Posts: 15
camzio
CHNG - China Natural Gas

CHNG - China Natural Gas

website http://www.naturalgaschina.com

Company Snapshot and info PDF file
Powerpoint Presentation (in PDF) with objectives

CHNG applied for AMEX listing in late March and they expect to hear back from the exchange by early fall (late August or early September)

"We are a U.S. public company under U.S. corporate governance".
We are a Delaware registered company that engages in the transportation, transmission and distribution of natural gas to residential, industrial and commercial customers in Shaanxi Province, PRC.

"We develop and provide 'clean energy' for the improvement of the local environment".
China's "Eleventh Five-Year Plan" (2006 - 2010) promotes alternative energy sources including compressed natural gas (CNG) fueled vehicles. The Chinese government is promoting the use of natural gas due to its environmental friendliness and its cost effectiveness.

"We have strong growth potential".
China Natural Gas is the sole authorized provider of natural gas to residential customers in certain parts of the Xi'an area, including Lantian County and the Baqiao District. We are rapidly expanding our network of compressed natural gas filling stations to satisfy the tremendous demand for CNG.


Direct natural gas supply from stateowned enterprise (SOE) Shaanxi Natural Gas to the CHNG pipeline system.

03 august 2006 - China Natural Gas Inc. Reports Record Second Quarter Revenues of $3.7 million, up 245% Year-over Year, Fully Diluted quarterly EPS of $0.04

SECOND QUARTER 2006 FINANCIAL AND OPERATIONAL HIGHLIGHTS

* Second quarter revenues grew 245% to $3.7 million from $1.1 million in the same period of 2005.
* Gross profit increased to $1.6 million from $505,063 for the same period last year.
* Net Income was $927,269 compared with $388,422 for the same period in 2005.
* Fully diluted EPS for the second quarter 2006 doubled to $0.04 from $0.02 for the second quarter of 2005.
* The company had a total of 7 compressed natural gas filling stations at the end of the quarter.



Ticker Symbol _____ (OTC BB: CHNG)
Shares Outstanding ________23.9 m
Market Capitalization ______$71.5 m
Fiscal Year End ______ December 31
Revenue FY05 ____________$4.9 m
Net Income FY05 __________$1.3 m
Fully diluted EPS FY05 ______ $0.08


i was looking for unexplored hidden pennies when i stumbled on this one
good fundamentals and great potential!

Last edited by camzio : Mon, 08-07-2006 at 04:56 PM.
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