China New Energy Group Company (China New Energy) is a vertically integrated natural gas company engaged in the development of natural gas distribution networks, and the distribution of natural gas to residential, and industrial and commercial customers in small and medium-sized cities in China. Its major business activities include development and construction of local gas distribution networks, transportation of natural gas from suppliers to its storage facilities in a given operational location, and operating and maintaining the gas distribution networks. The Company owns the exclusive rights to develop distribution networks to provide natural gas to industrial, commercial and domestic consumers in the cities of Dashiqiao, Nandaihe, Zhanhua and Wuyuan. As of December 31, 2009, these distribution networks provided natural gas to an aggregate of approximately 64,000 consumers in these cities.
|Headquarters||Block B1, 18/F|
No. 85,Nanjing Road
TIANJIN, TNJ, China 300040
|Chairman of the Board, Chief Executive Officer, President||Yangkan Chong|
|Chief Financial Officer, Treasurer||Tak Shing Yu|
|Chief Operating Officer||Dunhong Shi|
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|Shares Out.||107.1M||Book Value||$0.24|
|China New Energy Group Co does not pay a dividend.||P/E||--|
|P/Cash Flow (TTM)||--|
*GAAP = prior to non-GAAP analyst adjusted earnings.