Shiner International, Inc. Presented at Rodman & Renshaw Annual Global Investment Conferences and Announced Five-year Financial Outlook
(Nasdaq: BEST) (website: http://www.shinerinc.com ), a market leader in the
food safe packaging and anti-counterfeiting packaging industries, today
announced that the Company, during its presentation at the Rodman & Renshaw
Annual Global Investment Conference (Asia Track) on
informed the public of the Company’s current operational status, and presented
the following five-year financial outlook:
-- For the year 2009: sales revenue of $34.0 million; gross profit of $4.8
million; gross profit margin of 14.1%; net income of $0.1 million;
-- For the year 2010: sales revenue of $53.0 million, a 56% increase
versus 2009; gross profit of $8.2 million; gross profit margin of 15.5%;
net income of $4.0 million, a 3,900% increase compared to the prior
year;
-- For the year 2011: sales revenue of $82.4 million, a 55% increase
versus 2010; gross profit of $15.3 million; gross profit margin of
18.6%; net income of $7.1 million, a 78% increase compared to the prior
year;
-- For the year 2012: sales revenue of $120.0 million, a 46% increase
versus 2011; gross profit of $23.2 million; gross profit margin of
19.3%; net income of $12.0 million, a 69% increase compared to the
prior year;
-- For the year 2013: sales revenue of $180.0 million, a 50% increase
versus 2012; gross profit of $37.2 million; gross profit margin of
20.7%; net income of $20.5 million, a 71% increase compared to the
prior year;
Future Capacity Expansion: Shiner currently anticipates that its two main
sector capacities will double by 2011, i.e. 30,000 tons/year for food safe
packaging from current 15,000 tons/year and 20,000 tons/year for
anti-counterfeiting packaging from its current 10,000 tons/year. Additionally,
by 2013, the capacity of the Company’s food safe packaging business will be
expanded to a total of 50,000 tons/year. This expansion is positively impacted
by the opening of a new, state of the art facility in
scheduled to become operational in the fourth quarter of 2009.
Mr.
focused on securing our future growth and success while keeping the vested
interest of our shareholders held at the highest regards in the process.
While in
investors. Both our full board and management team support the achievement of
these growth objectives. With the increasing urbanization and rising consumer
incomes in
strengthen its placement as the leading supplier in
as well as increase its future presence in international markets by increasing
marketing through direct sales, produce superior product quality and technical
content, while proving a cost efficient product for our customers.”
“This has been a transitional year, both internally and externally, and
many industries have faced unexpected difficulties; however, we are confident
that we can surpass and take full advantage of this period,” commented Qingtao
Xing, President of Shiner. Mr. Xing additionally stated that, “We have been
building a strong and solid base for the comprehensive recovering of the
economic situations and market demands, by upgrading our facilities
efficiently, regulating management processes, optimizing internal controls,
intensifying R&D investment with oversight, launching more specific marketing
programs and continuous education in “state of the art” products with our
employees. We are positioning Shiner to take full advantage of the healthy and
rapid growth in our markets, with the goal of rewarding our shareholders with
future solid diversified growth.”
About Shiner International, Inc.
NASDAQ listed Shiner International (http://www.shinerinc.com ) is a U.S.
corporation that has its primary operations in
city of
film, shrink-wrap film, common packaging film, anti-counterfeit laser
holographic film and color-printed packaging materials. Approximately 60
percent of Shiner’s current customers are located in
spanning
holds 14 patents on products and production equipment, and has an additional
eight patent applications pending. The Company’s coated films meet the
approval of U.S. FDA requirements, as well as those required for food
packaging sold in the EU. Shiner’s product manufacturing process is certified
under ISO 9001:2000.
Safe Harbor Statement
All statements in this press release that are not historical are
forward-looking statements made pursuant to the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. You are cautioned not to
place undue reliance on any forward-looking statements in this press release
as they reflect Shiner International, Inc.’s current expectations with respect
to future events and are subject to risks and uncertainties that may cause
actual results to differ materially from those contemplated. Potential risks
and uncertainties include, but are not limited to, the risks described in
Shiner’s filings with the Securities and Exchange Commission.
For more information, please contact:
Corporate Contact:
Mr. Qingtao Xing
President
Shiner International, Inc.
Tel: +86-1387-6683-099
Email: qingtao.xing@shinerinc.com or info@shinerinc.com
Ms. Feng Zou
Corporate Secretary
Shiner International, Inc.
Tel: +86-1500-8081-666
Email: feng.zou@shinerinc.com
SOURCE Shiner International, Inc.
