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:8/27/2014)... Rhythm, a biopharmaceutical company developing peptide therapeutics that address ... disorders, announced today that it has filed a registration ... Exchange Commission (SEC) relating to the proposed initial public ... of shares to be offered and the price range ... Citigroup and Cowen and Company will act as ...
(Date:8/27/2014)... The Global and China Trifluoroacetic Acid Industry ... state of the Trifluoroacetic Acid industry in Global and ... the industry, including definitions, applications and industry chain structure. ... provided with a focus on history, developments, trends and ... international and Chinese situation is also offered. , The ...
(Date:8/27/2014)... (PRWEB) August 27, 2014 “We are ... technology vendors,” said Ven Thangaraj, CEO of Radiant Sage. ... that are taking the imaging corelab market to a ... corelabs and research organizations to efficiently and effectively manage ... the data to be analyzed and read by trained ...
(Date:8/27/2014)... DUBLIN , Aug. 27, 2014 ... "Global Stable Isotope Ratio Mass Spectrometer Industry Report ... The Global Stable Isotope Ratio Mass Spectrometer Industry Report ... current state of the global isotope ratio mass spectrometer ... of the industry including definitions, classifications, applications and industry ...
Breaking Biology Technology:Rhythm Files Registration Statement for Proposed Initial Public Offering 2Trifluoroacetic Acid Industry (Asia, Europe, North America, ROW) Analysis Report Now Available at ReportsnReports.com 2Radiant Sage Named to CIOReview List of 100 Most Promising Technology Companies 2Global Stable Isotope Ratio Mass Spectrometer Industry Report 2014 2
... visualized data at the atomic scale. Source: Imago ... Australian facility for nanotechnology research, said it has commissioned ... Corp. , ,NANO officials said they were pleased ... use at the University of Sydney. , ,Imago makes ...
... Thailand and Sri Lanka when the chief disaster coordinator for ... stingy for not providing more relief. Many Americans shrugged off ... Others responded by doing what they would have done, anyway: ... predictable yes, predictable outpouring of private and corporate ...
... the ever-expanding realm of content management systems (CMS) providers, ... things simple for clients. Forget the gearhead techno-speak. The ... and business issues through plain talk and better Web ... use the Web, said Pat Bieser, founder and CEO ...
Cached Biology Technology:Are we stingy on tsunami relief? Not when private giving is counted 2Are we stingy on tsunami relief? Not when private giving is counted 3Untangling the Web: Northwoods Software in profile 2Untangling the Web: Northwoods Software in profile 3Untangling the Web: Northwoods Software in profile 4Untangling the Web: Northwoods Software in profile 5
(Date:8/27/2014)... Reportlinker.com announces that a new market ... Law Enforcement Biometrics Market in North America ... About Biometrics Biometrics is a technology that ... their physical or behavioral patterns. It involves the ... as fingerprints, face recognition, DNA, palm print, hand ...
(Date:8/27/2014)... requires nerve cells to rearrange existing patterns of activity ... patterns, a study of monkeys has found. The scientists ... electrical activity of brain cell networks. The study was ... "We looked into the brain and may have seen ... said Aaron Batista, Ph.D., an assistant professor at the ...
(Date:8/27/2014)... University of Utah biologist agan Sekercioglu, who campaigns to ... nation,s highest science prize, which is similar to the ... five researchers picked for 2014 the top awards by ... Three researchers won the Science Award and two ... equivalent to the Science Award but for scientists who ...
Breaking Biology News(10 mins):Law Enforcement Biometrics Market in North America 2014-2018 2Law Enforcement Biometrics Market in North America 2014-2018 3Law Enforcement Biometrics Market in North America 2014-2018 4Law Enforcement Biometrics Market in North America 2014-2018 5Scientists plug into a learning brain 2Scientists plug into a learning brain 3University of Utah biologist wins Turkey's top science prize 2
... Faculty Members Robert Ruff, Brian Olshansky and Luis Ruilope, ... blood clotting and major bleeding as effectively as warfarin, ... Dabigatran versus warfarin in patients with atrial fibrillation, by ... New England Journal of Medicine , says warfarin ...
... can learn a lot from an animal. By manipulating the ... a great deal about the genes and molecules behind many ... the same in people as they do in "model" animals. ... such as humans, ability to learn language from one another, ...
... with Stroud Water Research Center in Avondale, Pa., has ... Foundation to establish the Christina River Basin as a ... climate change. Scientists define the "critical zone" as ... the groundwater that sustains terrestrial life. The observatory ...
Cached Biology News:Transgenic songbirds provide new tool to understand the brain 2Critical Zone Observatory seeks to answer climate change questions 2Critical Zone Observatory seeks to answer climate change questions 3Critical Zone Observatory seeks to answer climate change questions 4
This free-standing laminar flow hood provides a vertical flow of HEPA-filtered air to create a clean processing area. It includes a fluorescent light and motorized sliding shield. Options include wor...
... This CLS number is a ... easily match Cornings product number. ... please order under the old ... customer service for assistance. ID ...
... GyroTwister GX-1000 3-D Shaker , ... shaking motion of the GyroTwister GX-1000 is ... ideal for general mixing as well as ... speed is continuously adjustable across a broad ...
...
Biology Products: