BNET Industries

Xinhua China Ltd.

XHUA is in the Retail Industry

Market Cap:$1.4M

Last Fiscal Year Sales:$153.2K

Public

Dow Jones Description

The Company, through its subsidiaries, wholly-owned Pac-Poly Investments Limited (Pac-Poly) and ninety-five percent-owned subsidiary Beijing Boheng Investments Ltd. (Boheng) (see below), operates entirely in China. Both Pac-Poly and Boheng are investment holding companies, and jointly own a 57.67% interest in the new operating subsidiary Xinhua Publications Circulation & Distribution Co., Ltd. (Xinhua C&D). Xinhua C&D is authorized by government license to distribute (on a national basis) books, periodicals, human figure and representation art pictorials, audio video products, wholesale, retail and mail orders of publicly distributed electronic publications, advertisements by domestic and foreign firms in certain categories of books, and classified ads in China. Xinhua C&D is presently almost exclusively a book distribution enterprise. This is its first fiscal year of operation, and revenues from book distribution have been $15,496,537 in this first fiscal year, which for practical purposes only includes the time from the Chinese New Year holiday through to June 30 2005. As very little business was transacted in February, this fiscal year only reflects startup and operating results of April, May and June 2005. It is too early to provide guidance as to the manner in which future results will lag, meet or exceed management expectations from the results to date.