China Printing & Packaging, Inc. (fka CHPI)

[TheStock411]

USTP — interesting developments here~>

20,401,000 OS

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7402425

Fufeng Jinqiu Printing & Packaging Co., a paper company in China's Shaanxi Province, went public via a share exchange with USA Therapy on On August 6, 2010,. Asia Packaging & Printing, a Maryland company that is affiliated with Jinqiu, issued 20 million shares of new stock and received 100% of the ownership interests in USA Therapy.


Fufeng Jinqiu Printing & Packaging Co.
Gross profit

Gross profit increased approximately 108% to $2,278,314 in the fiscal year ended December 31, 2009, as compared to $1,092,727 for fiscal year ended December 31, 2008. Our gross profit margin rose approximately 8% from 37% as of the fiscal year ended December 31, 2008 to approximately 45% as of the same period of 2009 mainly due to the improvements in production efficiency and reduction of wastage of raw materials in the production processes.

Net income

Net income was $1,270,847 for the year ended December 31, 2009, an increase of approximately 102% from 629,196 for the year ended December 31, 2008. This increase is primarily attributable to increase in net sales. Our net profit margin rose approximately 4% from 21% for the year ended December 31, 2008 to approximately 25% for the year ended 31 December, 2009. This increase was primarily attributable to the significant increase in total volume of sales when comparing to year 2008 where the direct production costs increased in a lower rate.

250 customers.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7102245