Agoracom Blog

Chinese Small Cap Company Feature: Winland Online Shipping Holdings

Posted by AGORACOM at 2:42 AM on Wednesday, November 19th, 2008

As many of you know, we are very bullish on the long-term future of Chinese Small Cap Companies for two reasons:

1]  The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2]  Many Small Cap Chinese Companies are listing in the US (OTCBB, AMEX and graduating higher) with great financial results.  Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan.  As such, 7-digit revenues and profits are very common.


In addition to the featured company below, you can refer to our China category for other featured Chinese Small-Cap Companies, or view our extensive coverage of them on AGORACOM TV .  As always, we will disclose any IR relationship with any public company.  Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.


Winland Online Shipping Holdings Corporation (OTCBB:WLOL.OB)

A PRC-based global shipping company which also owns and operates China’s largest shipping website portal “Shipping Online” (, recently reported continued substantial growth in its operations, despite significantly increased fuel costs and the effects of the global financial crisis.

Winland has a fleet of 13 Company-owned vessels, mainly in the Supramax and Handysize category, engaged in international bulk cargo transportation.


Third quarter ended September 30, 2008:

  • Revenues climbed 37.0% to $22,790,122 compared with $16,629,210 in the same period last year
  • Net income in the quarter grew 40.8% from $3,763,103 in the 2007 third quarter to $5,298,476 in the third quarter of 2008.
  • Reflecting an increased number of shares outstanding, earnings per share on a basic and fully diluted basis were $0.04 in the 2008 quarter compared with $0.04 in the same period last year.
  • Cash and cash equivalents to $5,556,743 as of September 30, 2008 compared with $3,786,766 a year earlier, and an increase in working capital as of the same date to $4.0 million as compared with a working capital deficiency of $16.4 million at December 31, 2007.

Nine month period ended September 30, 2008:

  • Revenues of $71,872,448 reflected an increase of 37.8% over revenues of $52,142,008 in the same period last year
  • Net income in the 2007 nine month period included a $4,836,349 gain, principally from the sale of a vessel in the period, which brought 2007 nine month net to $18,035,267, slightly higher than net income in the 2008 nine month period of $17,422,191. Coupled with a 4,210,766 increase in basic and diluted shares, earnings per share in the first nine months of 2008 were $0.16 as compared with $0.17 in the same period last year.


“Due to the global economic crisis, the international economy is greatly impacted,
especially in the area of import and export trading. Therefore, our profits for the fourth quarter of 2008 and beginning of 2009 certainly will be influenced. However, in the
long run, since most of our own vessels were purchased before 2003 when the shipping market was down and no vessels were purchased or chartered in 2007, when the market
was high, our vessels costs will have been kept low. Consequently, we will have a
tremendous advantage compared with our competitors. Obviously, the financial crisis
is a crisis of survival for some competitors, but for us, it is a rapid expansion opportunity.”

Mr. Li Honglin, President and Founder


2 Responses to “Chinese Small Cap Company Feature: Winland Online Shipping Holdings”

  1. Penelope Mcclarty says:

    Keep working ,great job!

  2. […] company issued significant quarterly results which were covered in this blog post and thisAGORACOM TV […]