CHINA YILI PETROLEUM CO Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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CHINA YILI PETROLEUM CO Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Economic and Industry Trend In the past years, China has experienced high growth of real estate boom which also triggered the rapid development of construction industry that using asphalt as a major material. However, in 2007, the Chinese government implemented a series of policies and regulations to curb inflation and the property market. These policies, together with the worldwide financial crisis in late 2008, has resulted a slowdown of the real estate market in China and our business, in turn, has been affected in 2008 and 2009. Recently, the Chinese government has changed its policy and prioritized boosting of the economy. The Chinese government has adopted new policies to address the slowdown of the real estate market, such as reducing stamp duties and transactions fees, lowering interest rates. The Chinese government has also decided to inject a stimulus package to boost the overall economy. From all of these, we have seen signs of recovery of the market in China. Result of Operations - For the Three months ended June 30, 2009 and 2008 During the three months ended June 30, 2009 and 2008, the Company did not generate any revenue or start profitable operation. As a result, there is no cost of good sold incurred during both three months ended June 30, 2009 and 2008. Total operating expenses reported by the Company for periods of the three-month-ended June 30, 2009 were mainly attributable to the general and administrative expenses which generally consisted of the facilities maintenance and depreciation cost. Compared to the operating expenses of $47,085 incurred during the three months ended June 30, 2008, our total operating expenses have increased by $87,563 or 186% to $134,648 for the quarter ended June 30, 2009. The Company's operating expenses primarily involved expenses related to its activities in completing its factory, finalizing the de...
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CHINA YILI PETROLEUM CO Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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CHINA YILI PETROLEUM CO Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations Economic and Industry Trend In the past years, China has experienced high growth of real estate boom which also triggered the rapid development of construction industry that using asphalt as a major material. However, in 2007, the Chinese government implemented a series of policies and regulations to curb inflation and the property market. These policies, together with the worldwide financial crisis in 2008, has resulted a slowdown of the real estate market in China and our business, in turn, has been affected in 2008. Recently, the Chinese government has changed its policy and prioritized boosting of the economy. The Chinese government has adopted new policies to address the slowdown of the real estate market, such as reducing stamp duties and transactions fees, lowering interest rates. The Chinese government has also decided to inject a stimulus package to boost the overall economy. From all of these, we have seen signs of recovery of the market in China. For the three months ended March 31, 2009 and 2008, the Company did not start generating revenue or profitable operation. Total costs and expenses reported by the Company for periods of the three-month-ended March 31, 2009 were mainly attributable to the general and administrative expenses which generally consisted of the facilities maintenance and depreciation cost. Compared to the expenses of $73,095 incurred during the three months ended March 31, 2008, our total costs and expenses have decreased by $15,108 or 20%. The Company's costs and expenses primarily involved expenses related to its activities in completing its factory, finalizing the development of its products, and securing the government licenses necessary for it to carry out its business plan. In addition, the Company also incured expenses resulting from its status as a U.S. public company and its efforts to enter in...
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CHINA YILI PETROLEUM CO Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations Economic and Industry Trend In the past years, China has experienced high growth of real estate boom which also triggered the rapid development of construction industry that using asphalt as a major material. However, in 2007, the Chinese government implemented a series of policies and regulations to curb inflation and the property market. These policies, together with the worldwide financial crisis in 2008, has resulted a slowdown of the real estate market in China and our business, in turn, has been affected in 2008. Recently, the Chinese government has changed its policy and prioritized boosting of the economy. The Chinese government has adopted new policies to address the slowdown of the real estate market, such as reducing stamp duties and transactions fees, lowering interest rates. The Chinese government has also decided to inject a stimulus package to boost the overall economy. From all of these, we have seen signs of recovery of the market in China. For the three months ended March 31, 2009 and 2008, the Company did not start generating revenue or profitable operation. Total costs and expenses reported by the Company for periods of the three-month-ended March 31, 2009 were mainly attributable to the general and administrative expenses which generally consisted of the facilities maintenance and depreciation cost. Compared to the expenses of $73,095 incurred during the three months ended March 31, 2008, our total costs and expenses have decreased by $15,108 or 20%. The Company's costs and expenses primarily involved expenses related to its activities in completing its factory, finalizing the development of its products, and securing the government licenses necessary for it to carry out its business plan. In addition, the Company also incured expenses resulting from its status as a U.S. public company and its efforts to enter in...
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CHINA YILI PETROLEUM CO Files SEC form 10-K, Annual Report

Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Economic and Industry Trend In the past years, China has experienced high growth of real estate boom which also triggered the rapid development of construction industry that using asphalt as a major material. However, in 2007, the Chinese government implemented a series of policies and regulations to curb inflation and the property market. These policies, together with the worldwide financial crisis in 2008, has resulted a slowdown of the real estate market in China and our business, in turn, has been affected in 2008. Recently, the Chinese government has changed its policy and prioritized boosting of the economy. The Chinese government has adopted new policies to address the slowdown of the real estate market, such as reducing stamp duties and transactions fees, lowering interest rates. The Chinese government has also decided to inject a stimulus package to boost the overall economy. From all of these, we have seen signs of recovery of the market in China. All of our revenue for the year ended December 31, 2008 were generated by ASAP Expo. Tthe Company did not start generating revenue or profitable operation. Of the $299,308 in expenses reported by the Company for the year ended December 31, 2008, it was mainly attributable to the general and administrative expenses which generally consisted of the facilities maintenance and depreciation cost. Compared to the expenses of $464,271 incurred in 2007, our expenses have decreased by $164,963 or 36%. For the year ended December 2008, our expenses are primarily related to the Company's activities in completing its factory, finalizing the development of its products, and securing the government licenses necessary for it to carry out its business plan. And the Company also incurred expenses in connection with its reverse merger into a U.S. shell company and its entry into the U.S. ...
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CHINA YILI PETROLEUM CO Files SEC form 8-K, Other Events

Show all filings for CHINA YILI PETROLEUM CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA YILI PETROLEUM CO 22-Dec-2008Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for ...
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CHINA YILI PETROLEUM CO Files SEC form 8-K, Other Events

Show all filings for CHINA YILI PETROLEUM CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA YILI PETROLEUM CO 22-Dec-2008Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for...
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CHINA YILI PETROLEUM CO Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations All of the revenue and 85% of the expenses reported by the Company for the nine months ended September 30, 2008 were generated by ASAP Expo. Similarly, during the first nine months of 2007, all of the revenue and 55% of the expenses reported were generated by ASAP Expo. These do not, however, reflect all of the revenue and expenses of ASAP Expo for the first nine months of 2007. Because the merger of Yili Asphalt into the Company on August 13, 2007 is accounted for as a reverse merger, the historic financial statements of Yili Asphalt have replaced the historic financial statements of the Company prior to the date of the reverse merger. Only the results of operations of ASAP Expo occurring after August 13, 2007 are consolidated in the financial results for the first nine months of 2007. For this reason, although the financial results in this Report suggest that the operations of ASAP Expo have expanded from 2007 to 2008, the opposite is, in fact, the case. The business of ASAP Expo in 2007 produced substantially more revenue than and were far more profitable than in 2008. The $624,964 in revenue reported by ASAP Expo for the first nine months of 2008 arose primarily from its business of selling exhibit space at trade shows. Trade show business is seasonal, however, with revenue typically peaking at the time of the ASAP Global Sourcing shows held in February and August each year. In line with that trend, ASAP Expo realized $240,161 in revenue in the three months ended March 31, 2008, then only $9,740 during the three months ended June 30, 2008. In the three months ended September 30, 2008, revenue again jumped to $357,663 as a result of the August show. The revenue reported in this Quarterly Report for the three and nine month periods ended September 30, 2008, therefore, is not proportionate to the annual revenue that ASAP Expo will realize, since it wi...
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