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Last C$0.36 CAD
Change Today -0.015 / -4.00%
Volume 1.2K
CFY On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 2:53 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

changfeng energy inc (CFY) Snapshot

Open
C$0.37
Previous Close
C$0.38
Day High
C$0.37
Day Low
C$0.36
52 Week High
02/9/15 - C$0.40
52 Week Low
10/20/14 - C$0.22
Market Cap
22.7M
Average Volume 10 Days
39.4K
EPS TTM
C$0.07
Shares Outstanding
63.1M
EX-Date
--
P/E TM
5.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHANGFENG ENERGY INC (CFY)

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changfeng energy inc (CFY) Details

Changfeng Energy Inc., through its subsidiaries, engages in the distribution of natural gas for industrial, commercial, and residential users in the People's Republic of China. The company operates in two segments, Natural Gas Distribution Utility and CNG Refueling Retail Station. Its primary operations are located in Sanya City, Hainan Province, China. The company has 30-year concession rights in Sanya City with wholly-owned gas distribution pipeline networks and associated facilities; and 50-year operation rights in the administrative region of Xiangdong District, including the Pingxiang Industrial Ceramic Production Park. It also operates a compressed natural gas refueling retail station that primarily serves public transportation vehicles in Changsha City, Hunan Province. Changfeng Energy Inc. was founded in 1995 and is headquartered in Toronto, Canada.

Founded in 1995

changfeng energy inc (CFY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$210.0K
Chief Financial Officer and Director
Total Annual Compensation: C$110.0K
Compensation as of Fiscal Year 2014.

changfeng energy inc (CFY) Key Developments

Changfeng Enters into Joint Venture Agreement with Sanya Changfeng Offshore Natural Gas Distribution

Changfeng Energy Inc. announced that Sanya Changfeng Offshore Natural Gas Distribution Co., Ltd. has entered into a Joint Venture agreement with Tangshan Caofeidian Development Investment Group Co., Ltd. to jointly pursue liquefied natural gas (“LNG”) trading, natural gas distribution, transportation, and related infrastructure construction. The Joint Venture is named Caofeidian Evergrowth Energy Co., Ltd. and is based in Tangshan City, Hebei province. The registered capital of the Joint Venture is RMB 200 million (approximately CAD 41 million). Changfeng and CFD Group respectively own 50% each of the Joint Venture. RMB 40 million of funding for the registered capital is required within 30 days of incorporation; the remaining RMB 160 million is required within 10 years of incorporation. The registered capital is to be funded equally by Changfeng and CFD Group. Changfeng will fund its portion of RMB 20 million from its internal cash flows. Under the joint venture agreement, both parties of the Joint Venture agree to work with a third party to establish and operate an energy resource exchange in Northern China.

Changfeng Energy Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Changfeng Energy Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 16,701,000 against CAD 13,381,000 a year ago. Net income was CAD 2,909,000 against CAD 1,930,000 a year ago. EBITDA was CAD 6,634,000 against CAD 5,019,000 a year ago. The increase in revenue is mainly attributable to continued gas sales volume growth resulting from a growing customer base, higher average selling price for gas from its CNG refueling retail station in Changsha City, higher pipeline connection revenue, and appreciation of the exchange rate between the Chinese RMB and the Canadian dollar. The increase in EBITDA was driven primarily by higher sales and connection revenue. Net cash provided by operations was CAD 5.8 million compared to CAD 2.1 million for the same period of 2014. Cash used in investing activity included capital expenditures of CAD 3.4 million for the three months ended March 31, 2015 compared to CAD 1.9 million for the same period of 2014. The expenditures were mainly related to the purchase of equipment and new office building construction for the Xiangdong project, and the on-going construction of pipeline networks to connect new customers in the Sanya region and Xiangdong district.

Changfeng Energy Inc., Annual General Meeting, Jun 30, 2015

Changfeng Energy Inc., Annual General Meeting, Jun 30, 2015., at 10:00 US Eastern Standard Time. Location: Blake, Cassels and Graydon LLP. Agenda: To receive and consider the audited consolidated financial statements as at and for the financial year ended December 31, 2014 and the auditor's report thereon; to elect directors; to re-appoint the corporation's auditor; and to transact such other business as may properly come before the meeting or any adjournment thereof.

 

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Valuation CFY Industry Range
Price/Earnings 4.8x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 4.7x
TEV/Sales NM Not Meaningful
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