China Growth Stocks

[morokoy]

CYXN.... PR out today, here is an extract -
With the new stores, the Company now has 96 stores in total in China (including 22 franchisees), offering a broader product portfolio including 98% of the items listed on the recently issued Essential Drug List (EDL) in China. With expanded marketing activities, these new stores contributed to increased revenues in 2009 from the Company's retail drug operations, which increased by approximately 30% over the prior year. These new stores also helped to improve the Company's 2009 gross profit which was $15.2 million and gross margin of 32.6%, representing a significant improvement over the $11.9 million in gross profit and gross margin of 20.1% for 2008