China Yongxin Pharmaceuticals, Inc. (OTC:CYXN) has released the financial results for the second quarter ending June 30, 2009. Revenues for the second quarter were reported at $14.6 million, a slight increase from the previous year’s second quarter. Revenues from the company’s retail drug stores were at $6.0 million, up from the previous year’s second quarter revenues of $5.8 million.
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Founded in 1993, China Yongxin Pharmaceuticals was originally Changchun Yongxin Dirui Medical Co., Ltd. A wholesale drug distributor, the company’s products include traditional Chinese medicines, pharmaceutical preparations, natural health products, health food, cosmetics, and medical equipment. The company’s retail operations have been running since 2004 and gained franchise rights in 2005.
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