Huge China Alt Energy Play: AJGH

Check out American Jianye Greentech Holdings Ltd. (AJGH), currently $1.45, as a potentially huge China alternative energy play for tomorrow.

AJGH is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China. AJGH's products are designed to function as a lower-cost, more environmentally friendly alternative to conventional gasoline-based auto fuel.

AJGH just commenced operations in September and for the year of 2009 they reported revenues of $9,740,392 with net income of $943,342 from the sales of methanol-based and ethanol-based fuels to two customers.

AJGH projects that 1Q 2010 revenues will be approximately $15.0 million with net profit of approximately $1.5 million.

AJGH recently announced that its wholly owned operating company, Heilongjiang New Clean Fuels Co., Ltd (Heilongjiang) has opened an office and is completing the construction of a new clean fuels production plant in the North Industrial Area, Liaoning Province, Tieling City, China. The clean fuels facility will have the capacity to produce 200,000 tons of blended fuels each year, yielding approximately $100 net per ton.

AJGH also recently announced that Heilongjiang will begin operating retail gas station outlets in Guangxi, China in 2010. These gas stations will sell both conventional and AJGH's alcohol based fuels.