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CHRI---News--Revenue and Income Continue to Grow.
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Link To This Article:
China Health Resource Reports on Record Year-End 2011 Results Continuing Strong in 2012
Date : 05/29/2012 @ 7:00AM
Source : PR Newswire
Stock : China Health Res A (CHRI)
Quote : 0.028 0.0 (0.00%) @ 8:02AM
China Health Resource Reports on Record Year-End 2011 Results Continuing Strong in 2012
PrintAlert
China Health Res A (OTCBB:CHRI)
Intraday Stock Chart
Today : Tuesday 29 May 2012
China Health Resource, Inc. (OTCBB: CHRI), today announced results of earnings for the year ended December 31, 2011 and the first quarter of 2012.
Revenues for the year ended December 31, 2011 were US $34,338,974, an increase of 234% over revenues of US $10,282,207 for 2010. For 2011 net income was $6,971,460, or $0.04 per fully diluted common share, compared with a net income of $2,707,286, or $0.02 per share, for the previous year (total shares over 176 million).
First quarter 2012 revenues increased 104% to $8,955,361 as compared to $ 4,378,311 for the 1st quarter of 2011. Net income also increased to $1,322,518 for the first quarter 2012, compared to $911,461 for the first quarter of 2011, a 45% increase.
The growth is attributed to expansion of the Traditional Chinese Medicine (TCM) product lines particularly its premier TCM herbs such as Gastrodiae ("TianMa") and improvements in sales channel management for markets outside of the Sichuan Province combined with consistent cost controls.
"We are extremely pleased to announce solid results for the fourth quarter and the year." said Jiayin Wang, President and CEO of CHRI. "These results are a reflection of our commitment to our goal to expand TCM into new markets world-wide. We are also benefitting from a major trend towards alternative healthcare solutions providing lower cost options. Building upon the solid growth in 2011 through continued implementation of our strategic goals, we are expecting a very successful 2012."
"While we are very pleased with the execution of our business plan to date", Wang added, "we will maintain the same commitment to our superior franchise by adding new premium products like Gastrodia. We have momentum and intend to capitalize on that while recognizing the need to improve communication with our shareholders."
"In addition, we are expanding the commitment of resources to our 'Go Global Initiative' in order to pursue growth opportunities worldwide through acquisition and expanded distribution. We are actively searching for companies and business opportunities which can provide synergies and distribution channels. While our Initiative is international, we are committed to expanding our presence in the USA markets to increase shareholders value and this is our main objective for 2012." said Wang.
About CHRI
China Health Resource, Inc. engages in the development, manufacturing, processing, marketing and sale of raw and pharmaceutical TCM products including Dahurian Angelica Root (DAR) and Rhizoma Gastrodiae and is the only the provider of GAP quality DAR in the People's Republic of China under the registered Trademark Chuan Baizhi™. DAR, which is also known as "Bai Zhi" in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustule. The Company's DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The Company was founded in 2001 and is based in Suining, Sichuan Province.
For more information visit www.chinahealthresource.com
Certain statements in this document regarding financial matters, other than historical facts, and statements of our expectations, intentions, plans and beliefs, constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to certain events, risks and uncertainties that may be outside our control. The words "believe", "expect", "anticipate", "optimistic", "intend", "will", and similar expressions identify forward-looking statements. The company intends that such proclamations about future expectations, including future revenues and earnings, future business expansion plans, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. These and other risks and uncertainties related to our business are described in greater detail in our filings with the Commission. The foregoing information should be read in conjunction with these filings. We disclaim any intention or obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
SOURCE China Health Resource, Inc.
More CHRI MessagesLatest China Health Res A, CHRI MessagesYes very nice to have CHRI communicating with
MrKrimes • Tue May 29, 2012 8:55 AM (26 minutes ago)76041496
WHOOT! Today will be a good day
grifter_24 • Tue May 29, 2012 8:53 AM (27 minutes ago)76041433
China Health Resource Reports on Record Year-End 2011
MrKrimes • Tue May 29, 2012 8:39 AM (42 minutes ago)76041006
I am a good cook btw ... still
MrKrimes • Sat May 26, 2012 3:55 PM76008572
What did our new moderator do to wind
malc stone • Fri May 25, 2012 6:18 PM75997695
Someone is picking up some cheap shares today!
dc_dude • Fri May 25, 2012 3:19 PM75991614
Thanks DC. I guess Q1's are their slow periods...
JimmyJack • Thu May 24, 2012 2:51 PM75949047
Quarterly results (10Q) were filed with the SEC
dc_dude • Thu May 24, 2012 2:49 PM75948923
http://finance.yahoo.com/q/is?s=c hri.ob
JimmyJack • Thu May 24, 2012 2:17 PM75947069
Apparently news is out but I can't find
JimmyJack • Thu May 24, 2012 2:13 PM75946847
Non-disclosure clause.
deafelephant • Thu May 24, 2012 12:42 PM75941650
neither website has any updated information since mid
JimmyJack • Thu May 24, 2012 10:20 AM75932380
Thats the chatter not the matter.
malc stone • Thu May 24, 2012 12:15 AM75920379
Only time will tell. ;^{)
ILLEAGLE2 • Wed May 23, 2012 11:48 PM75919823
Ive been all over the CHRI website and
malc stone • Wed May 23, 2012 11:37 PM75919628
I will vouch for mstrisik; i received an
JimmyJack • Wed May 23, 2012 8:01 PM75914759
Don't kidding me , u such lier wang
antipop • Wed May 23, 2012 7:41 PM75914214
Thanks
lorel • Wed May 23, 2012 7:41 PM75914206
As always it will depend on how the
Majobuki • Wed May 23, 2012 7:39 PM75914174
Depends. My plan was and continues to
mstrisik • Wed May 23, 2012 7:39 PM75914160Bookmark With :
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