SORL Auto Parts obtains Record-high Growth in the 2007 Quarterly Report

SORL Auto Parts, Inc., one of China’s leading manufacturer and distributor of commercial vehicle air brake valves, has reported its financial statistics for the second quarter of the year, ending June 30, 2007.

Second Quarter Financial Highlights:
– Revenue increased to a record high of US$ 29.2 million, reflecting 45.1% year-over-year
– Revenue from OEM’s increased to US$12.0 million, reflecting 100% year-over-year growth
– Revenue from exports increased to US$10.9 million, reflecting 22.5% year-over-year growth
– Net income increased to US$ 4.1 million, reflecting 73.2% year-over-year growth
–Second quarter fully diluted earnings per share were US$ 0.22.

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