Wonder Auto Tech Announces Financial Results for the Third Quarter

Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced its selected preliminary financial results for the third quarter ended September 30, 2008.

 

Third Quarter Selected Preliminary Financial Results:

 

-- Estimated sales revenue of approximately $39 million;
-- Estimated net income of approximately $6.3 million;
-- Estimated fully diluted EPS of approximately $0.23.

 

Mr. Qingjie Zhao, Wonder Auto's Chairman and CEO, said, "Thanks to the implementation of our growth strategies which have assured us to keep our rapid revenue and net income growth. Operating in a highly competitive environment, Wonder Auto's outstanding performance/price ratio attributed by our strong R&D capabilities, low-cost manufacturing and stable supplier network has enabled us to remain sticking with existing customers, winning new customers and capturing market share from competitors. Our strategy of diversifying product portfolio through acquisition has further bolstered our competitive position in the industry."

 

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