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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results

profit Gross profit for the full year in 2006 was $1,796,435, an increase of $1,368,577, a 320% increase year-over-year in 2005;

Gross profit for the first quarter was $675,302 in 2007, an increase of $237,604, a 54.28% increase year-over-year in 2006;

Gross profit for the second quarter was $931,199 in 2007, an increase of $517,602, a 125.15% increase year-over-year in 2006;

The main reason for the increase is driven by the growth of the main business revenue.

(3) Profit after tax

Profit after tax for the full year of 2006 reached $690,886, an increase of $771,710, a 955% increase year-over-year in 2005. After tax profit rate reached 24.55%, or $0.01 per share.

Profit after tax for the first quarter reached $442,170 in 2007, an increase of $383,804, a 658% increase year-over-year in 2006, or $0.01 per share.

Profit after tax for the second quarter reached $819,971 in 2007, an increase of $598,815 and a 271% increase year-over-year in 2006.

Meanwhile, we should also consider that the sale of profit return is not yet calculated to the operating expenses ended on June 30, 2007, plus the costs of the $200,000, after-tax profit for the first and second quarter of this year, there is still a significant level of improvement.

The main reason for the increase is:

a. Rapid rate of main business revenue growth.

b. We have to control the costs and reduce unnecessary administrative

costs, in addition to the financial costs that have increased over the

same period, operating expenses, management costs and the main business

revenue ratio has also been reduced.

c. Re-refined sales market, the company no longer belongs to the low end

of the input-output ratio of the market and has entrusted agents to

manage this portion to improve the ratio of return, so that we have

more energy to the high-end services market, and marketing costs has

SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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