XI'AN, China, Jan. 29 /Xinhua-PRNewswire-FirstCall/ -- China
Bionanometer Industries Corporation (Pink Sheets: CBIU), ("CBIU", "the
Company"), a leading company in bionanometer industry in the People's
Republic of China ("PRC"), today reported record financial results for the
second quarter ended June 30, 2007.
First and Second quarter 2006 and 2007 Highlights
-- Main business revenue reached $2,539,658, an increase of $1,235,371,
a 94.72% increase year-over-year in 2006;
-- Operating profit reached $1,606,501, an increase of $755,206, a 88.71%
increase year-over-year in 2006;
-- Profit after tax reached $1,262,141, an increase of $982,169, a 351%
increase year-over-year in 2006, or $0.014 per share.
"We saw strong growth in our sales as we benefited from the strong economic momentum and increasing awareness of self-care in recent years in China," said Mr. Chen Min, CEO of the Company, "In addition, we made an important progress in the execution of our strategy as we expanded our distribution channels."
1. Operating Conditions
(1) Main business revenue
Gross sales for the full year of 2006 reached $2,814,144, an increase of $2,064,289, a 275% increase year-over-year in 2005;
Main business revenue for the first quarter was $1,068,466 in 2007, an increase of $394,961, a 58.64% increase year-over-year in 2006;
Main business revenue for the second quarter was $2,539,658 in 2007, an
increase of $840,410, a 133.23% increase year-over-year in 2006.
The main reason for the increase:
a. Strengthened product promotional efforts and key markets cultivated.
b. With increasing awareness of self-care in recent years, the market
c. By use of the company's own proprietary technology and equipment,
entrusted with the powder processing plant business, business was
carried out smoothly.
|SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.|
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