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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results
Date:1/29/2008

Three months ended

March 31, (Unaudited)

2007 2006

Revenues $1,068,466 $673,505

Cost of revenues 393,164 235,807

Gross profit 675,302 437,698

Operating expenses 0 994

Selling and distribution 30,663 17,418

General and administrative 98,350 90,612

Total expenses 129,013 109,024

Operating income 546,289 328,674

Interest income 6,941 0

Other income 73,468 37

Finance costs -14,209 -16,246

Income before income taxes 612,489 312,465

Income taxes 299,112 213,889

Net income $313,377 $98,576

Earnings per share

- Basic and diluted $0.005 $0.002

Weighted average number

of common stock outstanding 65,000,000 65,000,000

Landway Bionanometer Technology Joint-stock Co., Ltd

Condensed Balance Sheets

March 31 December 31,

2007 2006

(Unaudited) (Audited)

ASSETS

Current Assets

Cash and cash equivalents $2,876,121 $2,58
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SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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