PROFILE
L & L International Holdings, Incorporated, is a U.S. publicly traded energy company (symbol LLFH), founded in 1995 and headquartered in Seattle, Washington. Formed to serve the vast energy needs of a growing Chinese market, L&L currently operates profitable coal mines in the resource-rich Yunnan Province. The company also owns and operates coal consolidation and wholesale facilities, and manufactures industrial equipment.
Employing nearly 1000 employees worldwide, the company operates in Seattle, Washington, and Shenzhen, Kunming and Liuzhou, China.
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- L&L , a 14 years’ company, has annualized sales of approx $50 million and profits of $10 million ( 12 months ended 4/30/2009) with two quarters (6 months ended 10/31/2008) sales reached approx. $24 million with a net profit after tax of $5.5 million. The estimated EPS for the whole year ending April 2009 is $0.47, with a 12 X multiple the share price comes to $5.64, as L&L is fiscal year starting May 1.
- L&L’s recently received Government acknowledgement on expanding its profitable DaPuAn Mine double capacity to 300,000 ton/year, to be followed by the 2nd operating mine (SuTsong Mines) in 2009 to another 3000,000 tons/year, endorsed by Chinese government by increase their coal reserves and production licenses . The two mines currently producing over 250,000 tons per year, is to increase (triple) its coal production to 600,000 ton per year in 2009, thus bring 240% revenue and profit.
- L&L has begun at the Tian-Ri Coal Mine coal exploration in 2006. The mine is estimated to have 53 million tons of high grade coal with an expected value of $7.3 billion over 50 years exclusive mining right. L&L also started exploration of Tian-Long Mine, a China boarder mine, to export coals at higher prices, for export to Japan partners to gain added international coal price difference .
- L&L wholly owns Kunming Coal Inc. (KMC), a coal consolidator and wholesale maker in Yunnan province for the past ten years with 400,000 tons of coal consolidation capacity per year. KMC has five renewable long-term coal supplying agreements (in addition to L&L owe coal mines), and long term sales agreements with coking factories and steel mill customers.
- L & L International Holdings, Inc. (LLFH) focuses on energy related businesses in China, including coal consolidation and wholesaling, mining operations, and industrial equipment. LLFH, with nearly 1000 employees, operates in Seattle, Washington, as well as Shenzhen, Kunming and Liuzhou, China.
- LLFH leverages its experience in the industry to significantly enhance the operations, output and profitability of mines it acquires. Leveraging its international resources, and the enormous and expanding coal market in China, the company continues to deliver results for its investors.
Strong Sales and Profits for the Second Quarter
- Second quarter revenues was $11.8 million, a 45% increase from the same period in 2007. Net profits reached $2.5 million, an increase of 682% from the same period in 2007. The growth in profit was attributable to increased sales for the company's coal subsidiaries, operating in China.
LLFH Operations:
Coal Mining
- L&L International Holdings, through subsidiary L&L Coal, Incorporated, focuses its mining operations in China’s Yunnan Province, a resource-rich area with an abundance of mining potential. The company currently holds interests in an estimated sixty million tons of reserves, and manages or holds interests in four mining facilities in China.
- L&L Coal specializes in acquiring coal mines with existing operations and – through the integration of operational efficiencies, along with managerial and technological expertise – generating immediate improvement in productivity and performance. L&L Coal currently operates the DaPuAn and SuTsong Mines in Yunnan. Covering nearly 1.5 square kilometers, the mines have been operational since the late 1990s. The mines currently generate in excess of 250,000 tons per year, and support nearly 400 personnel.
Coal Wholesale and Distribution
- Kunming Coal (KMC), a subsidiary of L&L International Holdings, is a 10-year old coal consolidator and wholesaler, located in Kunming city in southwest
China. KMC engages in the consolidation and sales of burning and coking coals, primarily for industrial uses. Acquired by L&L in October of 2006, KMC maintains longstanding relationships with a number of coal mining companies and suppliers, allowing it to aggregate and prepare millions of tons of coal for sale each year. The company also provides a wholesale facility to sell and distribute coal to regional and national customers.
New Ventures
- In order to keep the growth momentum, L&L actively seeks to acquire new mining facilities and resources, whether through taking a partial interest, acquisition, joint venture, or other methodology.
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