Cost of sales of the Group increased by about RMB 77.8 million ($12 million), or 20.6%, from about RMB 377.9 million ($58.3 million) in 2014 to about RMB 455.7 million ($70.3 million) in 2015.
China Wood Optimization's gross profit of increased by about 14.4% from about RMB 134.8 million ($20.8 million) in 2014 to about RMB 154.2 million ($23.8 million) in 2015. The increase in gross profit of the Group was mainly attributable to the increase in sales volume of Processed Wood Panels segment, which was partially offset by the decrease in average selling prices of the Processed Wood Products segment.
As a combined result of the factors discussed above, the Group’s profit for the FY 2015 increased from about RMB 63.7 million ($9.8 million) in 2014 to about RMB 75.1 million ($11.6 million) in 2015. In addition, the
Group’s net profit margin remained stable at about 12.4% and 12.3% in 2014 and 2015, respectively.
China Wood Optimization (Holding) Limited processes, manufactures and distributes processed wood products. The Company produces processed wood panels and processed finger joint wood panels.
