Kiwa Bio-Tech Products Group Corp (fka KWBT)

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KWBT has audited revenue growth

Good to hear a few of us longs are sticking with this.

With the bank financing, this revenue can be deployed now to pay debt in cash. I hope this news comes first. The next two earnings releases can maintain any increased stock price.

I expect solid results for 2019 shown next week. Agriculture is a resilient sector to be in post-Covid19 and Kiwa appears to have shown it has maintained reasonable performance with a relatively small dip in Q1. Overall the plan for 2020 is a 20% increase in fertilizer sales, introducing new fruit planting and soil restoration products and I hope we hear significant progress on the expanded production plant.

“As all of us experience the challenges and impacts associated with the efforts to mitigate the COVID-19 outbreak, Kiwa eliminated the adverse factors brought by the epidemic and completed 80% of the quarterly sales plan.” Stated Mr. Wade Li, Kiwa’s CEO.

“Kiwa plans to achieve fertilizer sales of no less than 200,000 tons in 2020, which will increase by nearly 20% compared with our total sales in 2019.” Added Li.

http://kiwabiotech.com/kiwa/kiwa-bio-tech-announces-agreement-with-china-state-owned-enterprises-to-develop-new-fertilizer-market-areas-including-an-initial-order-of-at-least-seven-million-five-hundred-thousand-dollars-75000/