China Digital Communication Group, a growing Chinese battery components manufacturer and supplier of 3G telecommunications equipment, announced that revenue in the third quarter ended September 30, 2006 was $4,031,596, up 18.4% from $3,405,238 in Q3 '05. Net income for the quarter was up 76.1% to $1,317,960, or $0.02 per basic and diluted share, compared with $748,488, or $0.01 per share, in the third quarter of 2005.

For the first nine months of 2006, revenue was $10,242,953, up 6.4% from $9,629,077 in the first nine months of 2005. Net income was $2,528,848, or $0.05 per share, up 16.3% from $2,175,084, or $0.04 per diluted share in the comparable nine-month period.

China Digital CEO Ran Liang, said, "We had a profitable third quarter. The increases in revenue and net income were the result of our acquisition of Galaxy View International at the end of the second quarter, as were the increases in interest expense and cost of sales. Galaxy View is integrating well into our business model, and we are beginning to see the benefits."

China Digital Communication Group has two wholly owned subsidiaries, Shenzhen E'Jenie Science and Technology Development Co. Ltd. and Galaxy View International. E'Jenie manufactures and sells advanced high-quality lithium-ion battery shell and cap products to all major lithium-ion battery cell manufacturers in China and has recently begun manufacturing complete batteries.

Source:佚名