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Telecommunications equipment industry

Uni Core Holdings Corporation Reports Encouraging Financial Results for Q1 2011

Strategic Insights

— 1 min read

Uni Core Holdings Corporation, a Hong Kong-based holding company, announced its first quarter financial results for 2011, with its wholly owned paper subsidiary APT Paper Group (APT) posting sales revenue of $6.266 million, a 36% increase from the same quarter in the previous year. APT's growth can be attributed to its unique and environmentally friendly recycled and recyclable products, as well as its ability to garner new customers and expand organically. The company's Chief Operating Officer and Chief Financial Officer, Thomas Lee, stated that the financial results of APT are "quite encouraging, especially in the current global economic conditions."

Key Takeaways:

  • APT Paper Group reported sales revenue of $6.266 million for the first quarter of 2011, a 36% increase from the same quarter in the previous year.
  • APT's growth can be attributed to its unique and environmentally friendly recycled and recyclable products, as well as its ability to garner new customers and expand organically.
  • Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
  • APT holds patents throughout the world on many of its products, including honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, and more.
  • Prosperous Agriculture, a wholly owned subsidiary, manufactures and distributes three agricultural brands: "XiDuoFeng", "Urea-Extra", and "Sirius" compound fertilizer series.
  • There are more than 200 agricultural resources dealers and more than 20,000 points of sale in China that sell Prosperous Agriculture's products.

Statistics:

  • APT Paper Group reported sales revenue of $6.266 million for the first quarter of 2011.
  • This represents a 36% increase from the same quarter in the previous year.
  • APT has a global presence, with customers including major companies such as Wal-Mart, Costco, and Sony.
  • Prosperous Agriculture has over 200 agricultural resources dealers and over 20,000 points of sale in China.
  • The company's manufacturing facilities are located in Shenzhen, Guangdong, China.

Sources:

  • "Uni Core Holdings Corporation Reports First Quarter 2011 Sales Revenue of $6.266 Million for APT Paper Group" (PRNewswire-Asia, Dec. 5, 2011)
  • "Uni Core Holdings Corporation" (OTCBB: UCHC.OB)
  • "Prosperous Agriculture" (publicly traded company with over 200 agricultural resources dealers and over 20,000 points of sale in China)

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