0001213900-12-004658.txt : 20120815 0001213900-12-004658.hdr.sgml : 20120815 20120815083036 ACCESSION NUMBER: 0001213900-12-004658 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120815 DATE AS OF CHANGE: 20120815 EFFECTIVENESS DATE: 20120815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Keyuan Petrochemicals, Inc. CENTRAL INDEX KEY: 0001326396 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 450538522 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34834 FILM NUMBER: 121035355 BUSINESS ADDRESS: STREET 1: QINGSHI INDUSTRIAL PARK, NINGBO ECONOMIC STREET 2: & TECHNOLOGICAL DEVELOPMENT ZONE CITY: NINGBO, ZHEJIANG PROVINCE STATE: F4 ZIP: 315803 BUSINESS PHONE: (86) 574-8623-2955 MAIL ADDRESS: STREET 1: QINGSHI INDUSTRIAL PARK, NINGBO ECONOMIC STREET 2: & TECHNOLOGICAL DEVELOPMENT ZONE CITY: NINGBO, ZHEJIANG PROVINCE STATE: F4 ZIP: 315803 FORMER COMPANY: FORMER CONFORMED NAME: Silver Pearl Enterprises, Inc. DATE OF NAME CHANGE: 20050506 NT 10-Q 1 ext10q0612_keyuanpetro.htm FORM 12B-25 ext10q0612_keyuanpetro.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING
 
o Form 10-K  o Form 20-F   o Form 11-K x Form 10-Q  
o Form 10-D    o Form N-SAR o Form N-CSR    
 
For Period Ended: June 30, 2012

o Transition Report on Form 10-K                                                                           o Transition Report on Form 10-Q
o Transition Report on Form 20-F                                                                            o Transition Report on Form 11-K
o Transition Report on Form N-SAR
 
For the Transition Period Ended: _______________________________________

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
 
If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:
                                                                                                                                                                                                                                                                                                                                                                                                                          
 
PART I
REGISTRANT INFORMATION
 
Full name of registrant    Keyuan Petrochemicals, Inc.  
Former name if applicable    
Address of principal executive office
Qingshi Industrial Park, Ningbo Economic & Technological Development Zone
  
     
City, state and zip code    Ningbo, Zhejiang Province, P.R. China 315803  
 
PART II
RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

x
(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x (b) The subject annual report, semi-annual report, transition report on Forms 10-K, 20-F, 11-K, N-SAR, or N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
 
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 
 
 
 
PART III
NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 11-K, 20-F, 10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof, could not be filed within the prescribed time period.

The Registrant is in the process of preparing its consolidated financial statements as of and for the three months ended June 30, 2012.  The process of compiling and disseminating the information required to be included in its Form 10-Q interim report for the three months ended June 30, 2012, as well as the completion of the required review of the Registrant’s financial information, could not be completed by August 14, 2012 without incurring undue hardship and expense.  The Registrant undertakes the responsibility to file such quarterly report no later than five calendar days after its original due date.

PART IV
OTHER INFORMATION
 
(1) Name and telephone number of person to contact in regard to this notification
 
Chunfeng Tao (011-86-574) 8623-2955  
       
(Name)   (Area Code)  (Telephone Number)  
 
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If the answer is no, identify report(s).

                                                        x Yes       o No

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

                                                        x Yes       o    No
 
 
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If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Net income was  approximately $1.9 million for the three months ended June 30, 2012, as compared to net loss of approximately $1.8  million in the same period in 2011, an increase of $3.7 million, or 204%. The increase was mainly due to a higher yield rate and a decrease in legal, consulting and investigation expenses.
 
 
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Keyuan Petrochemicals, Inc.
 Name of Registrant as Specified in Charter.

Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
Keyuan Petrochemicals, Inc.
  
       
Date: August 15, 2012
By:
/s/  Chunfeng Tao  
   
Chunfeng Tao
  
   
Chief Executive Officer
  
       
 
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