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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results

Statements of Operations

(Stated in US Dollars)

Year ended December 31,

2006 2005


Sales $2,814,144 $749,855

Cost of sales (1,017,709) (321,997)

Gross profit 1,796,435 427,858


Administrative expenses 567,561 400,724

Other operating expenses 1,414 6,556

Selling expenses 141,287 68,839

710,262 476,119

Income before the following items and taxes 1,086,173 (48,261)

Interest income 870 5,803

Other income 637 2,225

Finance costs (46,089) (42,898)

Income before income taxes 1,041,591 (83,131)

Income taxes (350,705) 2,307

Net income/(loss) $690,886 $(80,824)

Earnings/(loss) per share: basic and diluted $0.0106 $(0.0012)

Weighted average number of shares

outstanding : basic and diluted 65,000,000 65,000,000

Landway Bionanometer Technology Joint-stock Co., Ltd

Balance Sheets

(Stated in US Dollars)

As of December 31,

2006 2005


Current assets

Cash and cash equivalents $

SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
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