Longhai Steel Inc. LGHS Archives

FridaySep 28, 2012 3:39 pm

Aggressive Leadership Drives Longhai Steel, Inc. (LGHS)

Longhai Steel, a rapidly growing producer of steel wire in and for China, has experienced tremendous annual revenue growth over the last few years, from $373,660 in 2009 to over 608,038 in 2011, due in no small part to the company’s aggressive executive management team and board of directors. • Chaojun Wang (Chairman & CEO) Mr. Wang has served as the Longhai’s Chairman and CEO since March 2010 and as CEO of the company’s variable interest entity Xingtai Longhai Wire Rod Co., Ltd. since its inception in 2008. He has also served as Chairman of Longhai Steel Group, the company’s…

MondaySep 24, 2012 4:05 pm

Longhai Steel, Inc. (LGHS) Finds Success with 3-Pronged Growth Strategy

Longhai Steel, one of China’s leading producers of high-quality steel wire, has based its continuous revenue growth on a 3-pronged approach: Expanded Production, Acquisitions, Economy of Scale. It’s a strategy that has worked well for the rapidly growing company, with annual revenues increasing 60% from 2009 to 2011. Part of this is due to the company’s unbeatable location. Hebei province, which surrounds Beijing, is China’s biggest steel producing area, with all of the distributors and infrastructure in place for any size operation, and close to the nation’s construction activity. But Longhai’s multi-pronged growth plan has provided a secure diversity for…

MondaySep 17, 2012 1:38 pm

Longhai Steel, Inc. (LGHS) Capitalizes On Location

Steel production has always been as much about knowing your market and associated logistics as it has been about production capacity. Although Longhai Steel’s advanced production technologies and associated efficiencies give the company a decided edge in the marketplace, the fact that the company is located in Hebei province, China’s biggest steel and steel wire producing area, has played a beneficial role. Nearly half of China’s steel consumption comes from construction, and Hebei province, surrounding Beijing, is located near the country’s eastern coast where construction and associated manufacturers and distributors are concentrated. With a solid in-place infrastructure and network of…

TuesdaySep 11, 2012 10:13 am

Longhai Steel, Inc. (LGHS) Differentiates Itself through Superior Manufacturing and Distribution

Longhai, through its Chinese operating company, produces various sizes of high quality steel wire products in two wire production plants, with a total annual capacity of approximately 1.5 million metric tons. The company’s output is sold to several distributors who in turn send it to nearby wire processing companies, with the final product being screws, nails, and wire mesh used for reinforced concrete and fencing. A recently opened second production line also produces higher quality steel wire for use in steel wire rope, welding rods, and steel belted radial tires. Longhai has also acquired land next to the two existing…

TuesdaySep 04, 2012 2:49 pm

Longhai Steel, Inc. (LGHS) Sees Itself as Being in the Best Place at the Best Time

If you’re a producer of steel wire and related products, there’s no better place in the world to be than China, the single biggest consumer of steel and steel wire in the world. And, in China, one of the best places to be is Hebei province, one of the largest steel manufacturing regions in China and close to Beijing. Hebei has all of the infrastructure in place, along with close proximity to distributors and end users. The city of Xingtai, in Hebei, is the site of Longhai Steel, Inc., now one of China’s leading producers of high-quality steel wire, with…

WednesdayAug 29, 2012 8:47 am

Longhai Steel, Inc. (LGHS) to Reach Full Capacity at New Steel Wire Facility by Yearend

Longhai Steel, a producer of high-quality steel wire products in the People's Republic of China, announced this morning that the company has completed testing of its initial production of high quality steel wire. Management anticipates ramping up production to full capacity by the end of 2012. "We are pleased with the testing results from the initial production at our second facility," stated Steven Ross, Executive Vice President of Longhai Steel. "We have met or exceeded all of our internal performance metrics and look forward to expanding our customer base and broadening our end market footprint." Longhai Steel's growth strategy includes…

MondayAug 27, 2012 1:22 pm

Longhai Steel, Inc. (LGHS) Well Positioned to Execute Expansion Strategy

Located in Hebei Province, where most of China’s steel is produced, Longhai Steel has captured a great deal of attention and considerable market presence for its ability to fulfill orders in rapid succession within a highly competitive price structure and at a better quality than other suppliers in the People’s Republic of China, or PRC. Subsequent to a facility expansion, Longhai Steel increased its yearly production by 67 percent in the fourth quarter of 2011, going from 900,000 to 1.5 million metric tons of high quality steel wire, in diameters from 5.5 millimeters to 18 millimeters, with production taking place…

MondayAug 20, 2012 9:55 am

Longhai Steel, Inc. (LGHS) Video Chart for Monday, August 20, 2012

LGHS made a strong move on Friday to again push above an important resistance level. A solid uptrend has been established over the past two months and there is little resistance in front to test old highs at $2.25. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

MondayAug 20, 2012 9:38 am

Longhai Steel, Inc. (LGHS) Provides Investors with Q2 2012 Earnings Call Transcript; Reiterates TTM EPS of $1.23 and Strong Cash Position

Longhai Steel, a leading producer of high-quality steel wire in eastern China with annual capacity of 1.5 million metric tons, today provided the transcript for its second quarter 2012 earnings conference call. The entire transcript is presented below. Operator: Good day ladies and gentlemen. Thank you for standing by. Welcome to the Longhai Steel's Second quarter 2012 Earnings call. Joining us today for Longhai Steel's Second quarter 2012 Earnings conference call is the Company's Executive Vice President, Mr. Steven Ross. Mr. Ross will review and comment on financial and operational results for the second quarter 2012. I'd like to remind…

FridayAug 17, 2012 2:19 pm

Longhai Steel, Inc. (LGHS) is “One to Watch”

Longhai Steel is a leading producer of high-quality steel wire in eastern China, with annual capacity of 1.5 million metric tons. Longhai's wire is manufactured into screws, nails, and wire mesh used for fencing and to reinforce concrete. Longhai recently expanded its production facility to include specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod. Longhai Steel is headquartered in Xingtai, Hebei province, the People's Republic of China. The company's competitive advantages are its advanced production equipment and process technology, high product quality, expedited production, and close proximity to distributors and end…

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