China Wood Optimization (Holding) Limited, an advanced new technology
group engaged in the processing, manufacturing and sales of wood products, has
announced its annual results for the year ended 31 December 2016 (FY 2016).
During the period under review, the Group’s revenue was approximately RMB486.5
million, which is a 20.2% reduction compare to last year’s. This was mainly
attributable to the Group’s decision to focus on wood processing procedure
service, which provides higher gross profit margin, instead of selling
Processed Wood Products. As a result, the Group recorded gross profit and net
profit of RMB145.4 million and RMB70.2 million respectively.
Ms. Yim Tsun, Chairlady of China Wood Optimization, said, “Even though the
financial markets worldwide were in turmoil and the global economy was recovering rather slowly
and unevenly, the Group still managed to deliver stable profits. In addition, the Group successfully
transferred its listing from the G.E.M. Board to the Main Board in September 2016, thus marking an important
milestone for the Group as it begins a new chapter of development as a market leader. Looking ahead,
the Group will continue to produce and sell Processed Wood Products while providing wood processing
procedure service to our customers in the P.R.C. with the aim of further enhancing the Group’s gross
profit margin and net profit margin. We will continue to build on our achievements while at the same time look for new businessopportunities to improve the Group’s revenue and capture greater market share.”
China Wood Optimization (Holding) Limited is principally engaged in the processing, manufacturing and sales of processed wood products.
