SHENZHEN, China, July 26 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), as an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China is pleased to announce the second quarter business performance of APT Paper Group Limited (referred to as "APT"), one of its incubation projects.
As indicated in the second quarter business performance report of APT, the sales revenue of the group increased to RMB35.67 million as compared to RMB22.57 million last year since the new management team took over the operation for the period of March to June of this year, which is an increase of RMB13.1 million at a growth rate of 58%. The gross margin also increased from 7% to 15%.
Mr. Thomas Lee, Chief Operating Officer of UCHC, said that UCHC implemented necessary adjustments, replaced the existing structure with a professional management team, and improved the general and financial management of the group since it took over the management of APT, transforming APT from a family-run business to a corporation run by a professional management team. The second quarter business performance results started to reflect the management changes already made to APT, and the Group's performance will continue to grow steadily following the ongoing improvement of APT.
About Uni Core Holdings Corporation
Uni Core Holdings Corporation (Stock symbol: UCHC) was founded in the USA in September 1998 under the name of Intermost Corporation and it was the first Chinese Internet company listed on the US OTC Bulletin Board in December 1998. Uni Core Holdings Corporation changed its name from January 29, 2010 and evolved into a new business strategy, acting as 'company doctor' and 'incubator' of mid- to large-size companies that have good potential and profitable products in the market, which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; raise fund or financing; assistance to get public listing for mid- to large-size companies, etc.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.
For more information, please contact:
Mr. Caiyi Zhou
Tel: +852-2827-6898
Fax: +852-2827-6989
Email: ir@unicoreholdings.com
Web: http://www.unicoreholdings.com
