- Home
- Clothing and Fashion Accessories
- Shoes
- China Shoe Announces Third Quarter Financial Results
- Home
- Manufacturing Apparel News
- China Shoe Announces Third Quarter Financial Results
China Shoe Announces Third Quarter Financial Results
- By Maxamillion Blick
- Published 11/14/2007
- Shoes
- Unrated
Maxamillion Blick
Fashion Industry Ghost Writer ... Freelance writer for the Apparel Search Company. A contributor as well as inspiration to Apparel Search. My goal is to make the Fashion Newspaper a leading resource for locating fashion news on the internet.
If you have a fashion press release, please submit your news at the Apparel Search site or you can post news directly at the Fashion Newspaper site by becoming an author.
China Shoe Holdings, Inc. (OTC Bulletin Board: CHSH) ("the Company"), an independent footwear manufacturer in China, today announced financial results for its third quarter ended September 30, 2007.
Revenue for the three months ended September 30, 2007 was $2.3 million, an increase of 91.7% when compared to $1.2 million of revenue for the three months ended September 30, 2006. The Company also reported net income of $264k for the three months, an increase of 700.0% when compared to $33k of net income for the three months ended September 30, 2006.
Revenue for the nine months ended September 30, 2007 was $5.4 million, an increase of 74.2% when compared to $3.1 million of revenue for the nine months ended September 30, 2006. The Company also reported net income of $649k for the nine months, an increase of 500.
9% compared to $108k of net income for the nine months ended September 30, 2006.
Mr. Gu Xianzhong, the President and CEO of the Company stated, "We are pleased to announce the 3Q results that reflect our continuing growth. We are also confident that China Shoe is on its way to enter into the PRC retail market as soon as the necessary capital is raised."
About China Shoe Holdings, Inc.
Based in Shanghai, China, China Shoe manufactures, designs and retails footwear of its own brand and others throughout China and overseas. China Shoe has its own manufacturing facilities located in China. China Shoe has built a diversified customer base throughout China and overseas. To learn more about the Company please visit http://www.shoeses.net/ and
http://www.chinashoeholdings.com.
Revenue for the three months ended September 30, 2007 was $2.3 million, an increase of 91.7% when compared to $1.2 million of revenue for the three months ended September 30, 2006. The Company also reported net income of $264k for the three months, an increase of 700.0% when compared to $33k of net income for the three months ended September 30, 2006.
Revenue for the nine months ended September 30, 2007 was $5.4 million, an increase of 74.2% when compared to $3.1 million of revenue for the nine months ended September 30, 2006. The Company also reported net income of $649k for the nine months, an increase of 500.
Mr. Gu Xianzhong, the President and CEO of the Company stated, "We are pleased to announce the 3Q results that reflect our continuing growth. We are also confident that China Shoe is on its way to enter into the PRC retail market as soon as the necessary capital is raised."
About China Shoe Holdings, Inc.
Based in Shanghai, China, China Shoe manufactures, designs and retails footwear of its own brand and others throughout China and overseas. China Shoe has its own manufacturing facilities located in China. China Shoe has built a diversified customer base throughout China and overseas. To learn more about the Company please visit http://www.shoeses.net/ and
http://www.chinashoeholdings.com.