Mr. Lingbo Chi, CEO of Ziyang Ceramics, stated, "We continue to see a strong business environment for our company as we move through the remainder of this year.
Deerfield Beach, Florida (PRWEB) July 25, 2012
Ziyang Ceramics Corporation (ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, today provided management's financial guidance for the 2012 second quarter and full year ending December 31, 2012.
For the second quarter of 2012, management sees total revenue ranging between $13.5 million and $15.0 million and net income exceeding $3.5 million with approximately 10 million shares of common stock issued and outstanding. This represents a substantial improvement in overall financial performance, both sequentially as well as to the comparable quarter in 2011. Additionally, based on our strong performance thus far in 2012 and the outlook for the remainder of the year, management sees revenue for the full year of 2012 exceeding $55 million with net income exceeding $14 million, or EPS of $1.40 based on the current 10 million shares outstanding. For the full year of 2011, Ziyang recorded revenue of $43.1 million with net income of $10.8 million.
Commenting on the financial guidance, Mr. Lingbo Chi, CEO of Ziyang Ceramics, stated, "We continue to see a strong business environment for our company as we move through the remainder of this year. We believe our sales efforts to expand our distribution base will enable us to further the growth of our business for the foreseeable future. We look forward to achieving our financial goals for 2012 as we continue to expand our distribution and production capabilities in the coming years."