A Leading Marketing, Distribution, and Service Institution of Electronics and Electrical Appliances in China
Heli Electronics Corp. was established in March 2008. It is the primary marketing, distribution, and logistics agency of audio and visual (AV) products in Mainland China for Haier Group, a world-class electronics/appliances manufacturer and one of China's most recognized brand names.
The company's headquarters are located in Baiyun District, Guangzhou, a major distribution hub of AV products in South China's Pearl River Delta Region. The area of the headquarters is over 20,000 square meters, and is comprised of warehouse, showrooms, dormitories, truck lots and office space.
The company officially became the marketing, distribution and service agency of Haier in Mainland China for Haier AV products in June 2008. The company’s operations have grown exponentially since its inception, primarily due to its advanced management, continuous expansion of sales channels, and Haier’s strong brand image. Additionally, led by Heli’s success with Haier Group, the company will forge business relationships with more brands and manufacturers.
The company aims to develop a marketing and distribution network covering all of China by virtue of the large base of Haier's sales channels, and eventually construct and operate a sound distribution and logistics supply chain system and establish itself as a leading marketing, logistics and distribution agency in China.
Total Shares Issued & Outstanding: 5,440,000
Insider Position: 2,885,600
Public Float: 2,434,000 (est)
Private Placement: 120,000 (est)
|Three Months ended || || ||Six Months ended || |
| || ||June 30, || || ||June 30, || |
| || ||2010 || || ||2009 || || ||2010 || || ||2009 || |
| || ||(Unaudited) || || ||(Unaudited) || || ||(Unaudited) || || ||(Unaudited) || |
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|Revenue ||$ || 24,852,753 || ||$ || 7,617,186 || ||$ || 43,693,579 || ||$ || 14,023,300 || |
|Cost of Goods Sold || ||(21,756,454 ||) || ||(6,618,793 ||) || ||(38,229,970 ||) || ||(12,246,822 ||) |
|Gross Profit || ||3,096,299 || || ||998,393 || || ||5,463,609 || || ||1,776,478 || |
GUANGZHOU, China, Aug 17, 2010 (BUSINESS WIRE) -- Heli Electronics Corp. (OTCBB:HELI) today has released its second quarter 2010 financial results. Heli Electronics is a marketing, distribution, and after-sales service company of Audio-Visual (AV) products in Mainland China, and is the primary marketing and distribution agency of Haier electronics in China. The company reported revenue of $24,852,753 for the three months ended June 30, 2010. This is a 226.3% or $17,235,567 increase over its Q2 2009 revenue of $7,617,186. For the six months ended June 30, 2010, Heli reported revenue of $43,693,579, an increase of $29,670,279, or 211.6% over the prior year's first six months.
Heli's net income also saw a significant increase in the most recent quarter. In the three months ended June 30, 2010, Heli's net income was $1,983,512, a 225.7% increase, or $1,374,484 over its second quarter 2009 net income of $609,028. For the six months ended June 30, 2010, Heli reported net income of $3,509,287, an increase of 232.3%, or $2,453,189 over six months ended June 30, 2009, with results of $1,056,098. Additionally, Heli's operating income saw an increase of 226.1% to $2,648,384. For the six months ended June 30, 2010, Heli reported earnings per dilu ted share at $0.02. For the second quarter alone, Heli reported earnings of $0.01 per diluted share.
Mr. Xin Qiu, President and CEO of Heli Electronics Corp., recently stated "It is clear from Heli's second quarter 2010 financial results how far the company has come in such a short period of time. In just two years, our company has grown to become one of the premier marketing and distribution agencies in China, as well as the primary sales, marketing, and logistics agency of China's top brand name in electronics and certainly AV products, Haier Electronics. The confidence that Haier has in Heli Electronics, as well as our shareholder's confidence, will help us continue to grow our business for the remainder of the year and beyond."
Other Financial Information
Heli's assets have increased from the end of 2009, with total assets of $17,280,343 as at June 30, 2010, an increase of 253.4% over the last six months. As of the end of the second quarter, the company's total liabilities are $11,469,572; $8,372,331 of which is accounts payable. Total liabilities increased 348.3% since December 31, 2009. Total shareholders' equity is $5,810,771, an increase of 152.6% since the end of 2009.
Heli Electronics Corp. markets and distributes products from the Haier Audio/Visual line. These products include multimedia stereo systems, mini combination stereo systems and Home Theaters.
Multimedia Stereo Systems
Haier’s multimedia stereo systems are divided into several series, including the ST Series, TP Series, TQ Series, SR Series, and the HS Series. These systems can be placed in a number of environments, including desktops and home offices. The multimedia stereo systems are compact, stylish and each have a unique identity to set them apart. They range from two to several pieces and each have exceptional sound.
Haier’s mini combinations are perfect for smaller home entertainment centers. They each have superior sounds with deep bass and excellent mid to high range sounds. The materials are of excellent quality and are all quite stylish. They all can be controlled by remote control for extra convenience. They can be customized to suit your specific needs. Many of them include karaoke ready systems, and have many types of inputs including mp3 players and other devices.
Haier’s home theatres are perfect for larger home entertainment centers. Many of them include Dolby Digital surround sound stand up speakers for unbeatable sound quality and acoustics you’d expect from a movie theatre or recording studio. They are extremely customizable to fit your exact needs and your equipment. Everything is controllable by remote. The materials are of the latest technology and highest build quality and are made to withstand the highest of volumes and any types of electrical problems.