April Oil Today Impact gem customer focus or for maximum risk

Xia Yin Li Yanling October 26, another oil and gas exploration enterprise-Hengtai April Oil and Gas Technology Services Co., Ltd. (hereinafter referred to as "Hengtai April") will be.　　Investigation by the reporter found that the past 1 years, the gem "Industry's worst Report card" to several oil and gas exploration industry.　　The first batch of listed gem oil and gas exploration industry company Bao Tak shares (300023.SZ) 2010 interim results "big face", with net profit fell 82% won.　　In addition to the success of the stake in the gem, the oil and gas exploration company, Guizhou Peak Petroleum Machinery Co., Ltd. (hereinafter referred to as "Peak oil") and Mineral Resources Exploration shares Limited (hereinafter referred to as "ore resources") will be no.　　Or the performance of a landslide, or a succession of no, gem oil and gas exploration enterprises why so ill-fated?　　Reporter investigation found that one of the key reasons is that the company's main business customers are too concentrated, the lack of operational independence and lead to no core sustainable growth capacity, and this is the necessary conditions for the board to enter the gem. Performance face is currently in the gem successfully listed oil and gas exploration company for the shares. Its first gem on October 30, 2009 listed.　　Its professional engaged in oil drilling and production equipment electronic control automation products research and development, design, manufacture, sales, service and system integration, business mainly involved in the land, sea and special environment of oil rig equipment electronic control automation system solutions provided. Powerleader shares issued a price-earnings ratio of 81.67 times times, ranked among the first companies to issue a P/E ratio.　　However, in less than a year, the company's performance "face" to people's eyebrows.　　2009, its operating income of 117 million yuan, down 13.01%, and in the middle of 2010, the realization of its operating income of 12.8529 million yuan, down 82.82%, belong to the listed company shareholders of the net profit of 3.03 million yuan (including government subsidies), down 82.07%.　　Powerleader shares reported in 2010 years, "the company's final customer concentration, higher customer dependency" is one of the factors of decline in performance.　　Reporter found that nearly 3 years, the company's shares of the sales of highly concentrated, the first 5 customers on average 90% above, and the performance of a short period of time there is a single customer sales of excessive proportion of the phenomenon. 2006-2007, Baoji Petroleum Machinery Limited Liability company to Powerleader shares of sales revenue contribution nearly to 70%; in the middle of 2009, Bao Tak shares and Beijing Fu Bond Petroleum Machinery Co., Ltd. jointly bid for Sinopec Russia project,　　As a result of the final customer settlement of Fubon Company to become the largest sales customers, accounting for the current income of 56.23%. In addition, for the external reasons for the decline in performance, the company explained that the global financial crisis on the oil industry is still the negative impact of the economic recovery of the company's industry to return to the real economy lag effect, oil field companies and oil services companies have reduced investment, technical equipment export orders significantly reduced, someOngoing performance and discussion items are on hold.　　And for 2010 1-September performance, the company estimated net profit of 11.23 million yuan-13.75 million yuan, down 45% to 55%.　　The person who will get the Powerleader and the performance big face of the shares belong to the oil and gas exploration industry peak oil and ore resources, respectively on June 4, 2010 and September 29, 2010 will be the gem.　　Public data show that the peak oil is mainly engaged in oil drilling tools research and development, design, production, sales and services, oil drilling and production of special equipment manufacturing industry, one of the professional manufacturers, products have shock, shock absorbers and fishing tools.　　According to the peak oil prospectus, the peak oil sales customers are mainly the oil administration and oil field companies, the actual control of the majority of the final can be traced back to PetroChina, Sinopec, the two state-owned companies. Similar to powerleader shares, the concentration of its big customers is also very high. 2007, 2008, 2009, its top 5 sales revenue accounted for 86.95%, 87.4% and 81.09% respectively.　　2007-2009, Petrochemical double-male accounted for the company's sales ratio of 77.78%, 8,147%, 48.39%. Coincidentally。 There are similar problems with the resources of another central plains.　　It is mainly for the state-owned large mining companies overseas prospecting and productive prospecting projects to provide geological exploration engineering technical services.　　The prospectus shows that in 2007, 2008, 2009 and the first half of 2010, the revenue from the previous five major clients accounted for up to 80.47%, 68.43%, 61.14% and 80.84% respectively.　　In 2009, the top five customers of China mineral resources were: medium-color African Mining Co., Ltd., Chinese ENFI Engineering Technology Co., Ltd, the Natural Mineral Exploration Co., Ltd., Universal Cooper (not public) Limited, Zhong ye real estate Chongqing City Shaoguan Co., Ltd.　　Eager to the October 26, another oil and gas exploration Enterprise-Hengtai April call Gem.　　Data show that Hengtai April is the development and marketing of oil and gas exploration and development software for oil and gas exploration and development of technical service providers. The reporter found that, similar to the oil and gas exploration enterprises, there is still a high concentration of customer problems.　　2007-In the first half of 2009 and 2010, Hengtai April's sales revenue accounted for 99%, 69%, 73% and 78% of its operating income for PetroChina, Sinopec and CNOOC.　　Although the company tried to open up offshore business, 2010 1-June, from 77% of the offshore business still from the three major domestic oil giants overseas subsidiaries. At the same time, hengtai April affected by the income of a single project, 2010 1-June, Sinopec Syria and PetroChina Iran two mega projects respectively contribute to the company's current income of 21.64 million yuan and 19.25 million yuan, accounting for 23.49% and 20.90 of total income%, and income from other projects is less than 10%.　　Let the market worry is that Hengtai April rely on individual huge projects to enhance the performance before the IPO, and once listed, the performance as if the shares of the "big face" risk greatly increased. It remains to be seen, then, how April the fate of Hengtai.