China Yongxin Pharmaceuticals Inc. (cyxn.ob)
Drugs
- Surging Wholesale Business: Through its wholesale subsidiary Yongxin Medical, CYXN is involved in the wholesale distribution of pharmaceutical products, medical products and equipment, herbal and nutritional supplements and cosmetics to over 1,000 customers including hospitals, large clinics and retail pharmacies. The Company opened a "Logistics Center" in January 2005 which contains a storage area of over 43,000 square meters, giving the Company the ability to store pharmaceutical inventory at various temperatures. The Logistics Center is able to process over 30,000 orders per day from its customers and retail outlets. CYXN wholesale business has a client base of more than 1,000 medical institutions, clinics, and competing retail and medical stores.
- Rapidly Expanding Retail Business: CYXN serves its retail drugstore customers with convenient and professional pharmacy services through two retail pharmacy chains (JinYongxin Pharmacy and Yongxin Drugstores) and one retail pharmacy franchise (The Medicine Shoppe) with American Medicine Shoppe International. The Medicine Shoppe is a Cardinal Health Company, an $87 Billion company that is the largest franchisor of pharmacies in the U.S. with 400 franchised pharmacies in six other countries. The Company sells an assortment of merchandise through its stores, including traditional Chinese medicines, health and natural products, skin care products and cosmetics. CYXN stores typically carry over 8,000 different types of products, including CYXN proprietary brand of ginseng-based products. In 2005, In 2006, CYXN stores served an average of 3,318 customers per day, and expanded on this tremendous success to serve an average of 4,652 customers per day in 2007.
- The Bottom Line: In 2007, CYXN generated $47.82 Million in revenues, up 22.8% from the $38.99 Million that the Company generated in 2006. More importantly, CYXN collected $4.50 Million in earnings before tax and interest in 2007, an increase of $2,732,979, or 154%, in a single year. In addition, cost of sales to net sales percentage decreased from $35,752,308, or approximately 92% of net revenues for the year ended December 31, 2006, to $39,898,004, or approximately 83% of net sales for the year ended December 31, 2007. With revenues on the rise, earnings increasing by more than 150%, and cost of sales decreasing, this is clearly a company trending in a positive direction.
Company Contact Information
927 Canada Ct.
City Of Industry, CA, 91748
USA
- Phone:626-581-9098
- Fax:626-581-9138
- E-mail:Info@NutradyneUSA.com
On-line contact form
If you have a question to the company, please first look at "Investor's Q&A" page — if your question is not there then you should post it, as it is quite possible that other people have the same question too.Go to Investor's Q&A page. Messages from this contact form are sent directly to the company.
