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

2007 2006 2007 2006

Revenues $1,471,192 $630,782 $2,539,658 1,304,287

Cost of revenues 539,993 217,185 933,157 452,992

Gross profit 931,199 413,597 1,606,501 851,295

Operating expenses 29,277 0 29,277 994

Selling and

distribution 47,461 17,155 78,124 34,573

General and

administrative 43,248 132,286 141,598 222,898

Total expenses 119,986 149,441 248,999 258,465

Operating income 811,213 264,156 1,357,502 592,830

Interest income 142 0 7,083 0

Other income 0 104 73,468 141

Finance costs -23,736 -6,549 -37,945 -22,795

Income before

income taxes 787,619 257,711 1,400,108 570,176

Income taxes 184,394 23,327 483,506 237,216

Net income $603,225 $234,384 $916,602 $332,960

Earnings per share

- Basic and

diluted $0.009 $0.004 $0.014 $0.005

Weighted

average

number of

common

stock

outstanding 65,000,000 65,000,000 65,000,000 65,000,000

Landway Bionanometer Technology Joint-stock Co., Ltd

Condensed Balance Sheets

June 30, December 31,

2007 2006

(Unaudited) (Audited)

ASSETS

Current Assets

Cash and cash equivalents $4,793,502 $2,589,086


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