China Water and Drinks Inc., a producer and distributor of bottled water in China announced last Wednesday that it has applied for the listing of its common stock on the American Stock Exchange.The company's common stock will not start trading on the American Stock Exchange until the company has been approved by the American Stock Exchange and satisfied all applicable regulatory requirements and listing standards.
At the time of polishing up this article, the company's stock jumped up by $0.5 hitting a price of $9.10. Furthermore, the stock seems to be a hot-spot as it hit a total trading volume of 4,358.33.
The Data Sheet
During the second quarter of 2007, sales revenue increased from $8,830,226 for the second quarter of 2006 to $12,498,646 for the second quarter of 2007, representing a 41.54% increase.
Cost of goods sold for the second quarter of 2007 was $8,188,633, an increase of 41.65% compared to $5,780,706 in the same period in 2006.
The increase of cost of good for the three months period ended June 30, 2007 as compared the same period last year was a result of the increase in the number of sales.
Gross profit was $4,310,013 for the three months ended June 30, 2007 compared to $3,049,520 for the same quarter last year. Gross profit margin was 34.48% for the three months period ended June 30, 2007 which was close to 34.53% for the same period in 2006.
Selling, general and administrative expenses for the second quarter of 2007 decreased by 7.65% to $371,521 from $402,282 during the same period in 2006.
Net income for the second quarter of 2007 was $3,936,047, representing a 48.72% increase from the same period in 2006. The increase was mainly due to the increase in the number of sales.
Net margin for the second quarter of 2007 was 31.50%, an increase from 29.97% for the same quarter of 2006. The increase in net margin in the second quarter was mainly due to the decrease in selling, general and administrative expenses during the second quarter of 2007.
Through its production facilities in Guangzhou, Zhangjiang, Fexian, Nanning, Shenyang and Changchun, the Company produces bottled waters and distribute to 11 provinces in China under its own brand "Darcunk". The Company also supplies water to local and international beverage brands including Coca-Cola and Uni-President.
Reference
http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=CWDK&selected=CWDK
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