China Runji Cement (OTCBB: CRJI) is one of the leading producers and distributors of cement in China. The Company's certified manufacturing facilities which contain cutting-edge technology and advanced equipment are capable of producing as much as 2 million tons of cement annually.
Furthermore, the Company's solid distribution network and customer-orientated services have earned Runji's products a superior reputation among its customers.
CRJI Investor Highlights Include:
Revenue increased 31.9% for the twelve-month period ended 8/31/08 to $40,467,123, compared to $30,672,474 for the same corresponding period in 2007.
Gross profit increased 177.4% to $9,740,424 for the year ended 8/31/08 from $3,511,338 for the same corresponding period in year 2007.
Net income for the year was $6.96 million, or $0.09 per fully diluted share, compared with net income of $0.78 million, or $0.01 per fully diluted share in the same period in 2007.
Completed the construction of a second cement production line, which was put into production in October 2008.
The Chinese government has announced a 4,000 billion RMB investment plan to stimulate economic growth in China, with most of these investments being put into infrastructure and transportation facilities, which will keep the cement market in strong demand for the next several years.
Recently announced it has broke ground on a waste heat power generator that will be completed in April 2009. The waste heat power generator will generate electric power to support the existing cement production lines of the Company by recycling use of the heat generated by the cement production lines themselves. Designed to generate 70m kWh per year, the generator is able to reduce the Company's annual electricity costs by $4.6 million and increase profitability.
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