Navigation Links
China Bio Energy Reports Fiscal 2007 Financial Results
Date:4/1/2008

-- Full Year Revenue Increases 60% to $87.1 Million

-- Full Year Net Income Increases 61% to $8.6 Million

XIAN, China, April 1, 2008 /Xinhua-PRNewswire-FirstCall/ -- China Bio Energy Holdings (OTC Bulletin Board: CBEH), (CBEH or the "Company"), an energy company engaged in the wholesale distribution and processing of heavy oil and finished oil products and the development, production and distribution of bio- diesel fuel, today announced consolidated financial results for the fiscal year ended December 31, 2007.

Fiscal 2007 Results

Net sales for 2007 were approximately $87.1 million, a 60% increase as compared to net sales in 2006 of approximately $54.4 million. The net sales increase was a result of the Company's territorial expansion into five new provinces in China through the opening of two new representative offices. In addition, the Company started production of the new biodiesel production line in October 2007, which resulted in a $4.4 million increase in biodiesel sales.

Gross profit was approximately $10.5 million for 2007, an increase of 58% as compared to approximately $5.8 million for 2006. Gross margin as a percentage of sales increased from 11% in 2006 to 12 % in 2007. The slight increase in gross margin was mainly due to greater production of biodiesel and sales volume of oil products in 2007.

Operating expenses, consisting of selling, general and administrative expenses, were approximately $2.1 million for 2007 as compared to $0.4 million for 2006, an increase of approximately $1.8 million or 498%. General and administrative expenses increased $1.3 million from 2006, of which $1.1 million was associated with the Company's reverse merger and financing in 2007. The major expenses related to the reverse merger and financing included U.S. and Chinese legal counsel expenses, auditing expenses, consulting expenses, and due diligence expenses.

Net income in 2007 was $8.6 million as compare
'/>"/>

SOURCE China Bio Energy Holding Group Co., Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. Transgenomic Opens Pharmacogenomics Laboratory in China
2. China Pharma Holdings, Inc. Announces Record 2007 Year End Results
3. China Kangtai Cactus Biotech, Inc. Obtains $500,000 Equity Financing
4. Aida Pharmaceuticals, Inc. Acquires High-Level Research Institute in the Peoples Republic of China
5. Aida Acquires High-Level Research Institute in China
6. China Pharma Holdings, Inc. Announces Earnings Call for Fiscal 2007 Financial Results
7. China Biopharma Reaches Agreement with a Regional Pharma to Launch New Pharmaceutical Products
8. China Biologic Products Announces One of Its R&D Projects Has Been Listed In National Torch Plan
9. Lucids VivaScope(R) Reflective Confocal Microscope Approved for Sale in China
10. China Aoxing Pharmaceutical Company Signed Definitive Acquisition Agreement to Acquire Shijiazhuang Lerentang Pharmaceutical Company, Ltd.
11. Pharmaxis First Steps into China
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/14/2014)... protein functions in a wide variety of ways, including ... protein can take on another form and perform no ... fold wrongly can cause serious diseases such as Alzheimer,s, ... have a tendency to "infect" other molecules of the ... or plaques. These amyloids can damage cells and tissues ...
(Date:9/12/2014)... Switching the polarity of a magnet using an ... a working principle of the next-generation technology for ... candidates for the MEM effect, due to the ... other hand, the coexistence of spontaneous electric and ... hinders the application potential of the MEM effect. ...
(Date:9/12/2014)... 2014 Research and Markets has ... Photoresist Industry Report 2014" report to their offering. ... Report 2014 is a professional and in-depth study on ... industry . The report provides a basic ... industry chain structure. The dry film photoresist market analysis ...
(Date:9/12/2014)... NM (PRWEB) September 12, 2014 Sandia ... an exclusive option agreement with STC.UNM (STC) for a ... Mexico (UNM) in Albuquerque, New Mexico, and Queen Mary ... of technologies, called the Recombinant Fluorescent Antibody Technology Platform ... Department of Internal Medicine and Dr. Angray Kang from ...
Breaking Biology Technology:Measuring modified protein structures 2Measuring modified protein structures 3Global Dry Film Photoresist Industry Report 2014 2Sandia Biotech and STC.UNM Announce Option Agreement to License Novel Recombinant Antibody Technology 2Sandia Biotech and STC.UNM Announce Option Agreement to License Novel Recombinant Antibody Technology 3Sandia Biotech and STC.UNM Announce Option Agreement to License Novel Recombinant Antibody Technology 4
... legislators are pushing state restrictions on human embryonic ... move beyond President Bush's 2001 order and put ... ,Rather than adding a layer of unnecessary ... panels -- one federal and the other international ...
... Madison, Wis. Amazon.com said on Monday it is ... for women. Shopbop started up in 1999 as a store ... web site will continue as a standalone operation after the ... of the deal were not disclosed. With the acquisition, Amazon ...
... Pricing real estate is a bit of a black art. Sellers ... a fair price without over-paying. Real estate brokers user a combination ... a house a price that is at least a fair basis ... any semblance of automation, and it certainly has skirted the edges ...
Cached Biology Technology:Federal and global guidelines on stem cell research offer a level playing field 2Federal and global guidelines on stem cell research offer a level playing field 3Zillow changes the real estate pricing game 2Zillow changes the real estate pricing game 3
(Date:9/15/2014)... influence processes from digestion to disease resistance. Despite the ... ecosystems on the planet, more is known about belly-button ... scientists and colleagues working on Panama,s Barro Colorado Island ... were home to more than 400 different kinds of ... more than 7,000 different kinds. , Bacteria in tropical ...
(Date:9/15/2014)... so-called central dogma of molecular biologythat DNA makes ... explanation for how genetic information is deciphered and ... of course, the process is vastly more complicated ... ago by Nobel Laureate Francis Crick, co-discoverer of ... multiple types of RNA, three of whichmessenger RNA ...
(Date:9/15/2014)... A published study indicates that lowland tapir populations may ... on hunting. Researchers from the Office National de ... Guiana and San Diego Zoo Global reviewed data retrieved ... the last four years and compared this data to ... were placed on hunting tapirs in French Guiana," said ...
Breaking Biology News(10 mins):Smithsonian scientists discover tropical tree microbiome in Panama 2Scientists discover RNA modifications in some unexpected places 2
... deployed by Woods Hole Oceanographic Institution (WHOI) in Gulf of ... harmful algal blooms (HABs) are monitored and managed in New ... month, and a second such system will be deployed later ... weekly real-time forecasts of New England red tide this year ...
... For plants and animals forced to tough out harsh ... country is a refuge, a stable beneath-the-snow habitat that gives ... in a warming world, winter and spring snow cover in ... plants and animals that depend on the space beneath the ...
... Public Health (HSPH) researchers have discovered that a particular ... regulate how glucose (blood sugar) is controlled and metabolized ... and state-of-the-art technology, the scientists found that switching off ... from the liver, revealing a potential new target that ...
Cached Biology News:New robotic instruments to provide real-time data on Gulf of Maine red tide 2New robotic instruments to provide real-time data on Gulf of Maine red tide 3New robotic instruments to provide real-time data on Gulf of Maine red tide 4Decline in snow cover spells trouble for many plants, animals 2Decline in snow cover spells trouble for many plants, animals 3Discovery of new hormone opens doors to new type 2 diabetes treatments 2
... SOS Protein Solubility Service, We ... , New SOS technology yields the best ... parameters applied on each clone submitted , ... ,The new protein Solubility Optimization Service ...
... (Dual-Stage Quadrupole) Thermo Scientific (Part of Thermo ... instrumentation, introduces the latest product innovation for ... on the proven reliability and performance platform ... the DSQ II incorporates the new DynaMax ...
... were designed for full-length gene cloning and ... identify the desired cDNA clone. The first ... "Master Plate," where each well contains plasmid ... positive well(s) by gel electrophoresis of the ...
... 435 is an affordable, compact benchtop ... slides, providing a broad array of ... acquires high-resolution images with high-performance laser ... excitation and emission filter changers, and ...
Biology Products: