For the nine months ended 30 September 2015 (the “review period”), the Group’s revenue amounted to approximately RMB 404.8 million ($65.3 million), increasing by 10.5% compared to the corresponding period last year. The growth was mainly attributable to the increase in sales of processed wood panels. The Group’s profit attributable to equity shareholders remained stable at approximately RMB 42 million ($6.8 million) during the review period.
Ms. Yim Tsun, Chairlady of China Wood Optimization, said, “In order to capture the market demand for processed wood products, the Group is committed to accelerating expansion of production capacity. Our new production plant in Jiangsu Province has commenced trial production in September and we expect our current production capacity to be doubled when fully operational. As for R&D, we continue to utilize our unique technology to expand the product application spectrum and improve product quality. Moreover, our sales offices in Beijing, Shanghai and Chengdu have also commenced operation thereby further strengthening our customer base. With clear business strategies in place, we are confident of maintaining our competitive edge and leading position in the industry.”
China Wood Optimization (Holding) Limited is principally engaged in the processing, manufacturing and sales of processed wood products, by employing its self-developed wood processing procedure.
