In the company’s recent news,
Sunwin International Neutraceuticals, Inc. (SUWN.OB) reported Friday a Q1 (fiscal 2009) revenue increase of 48%, to $6.2 million. The company expects to continue its growth through continuing expansion efforts in major markets including the United States while deepening its product lines in its veterinary feeds as well as stevia grades for wholesale distribution.
Stevioside has a long history as a food additive in Asia, with no significant health questions like those that have plagued aspartame and other commonly used non-sugar sweeteners. Coca Cola and Pepsi have both been pushing for approval for its use in its beverages. You can also bake with it, opening up a huge range of products for the growing diabetic market.
Sunwin (www.Sunwin.biz) works closely with various Chinese research facilities and universities, including China Science Bureau, Shandong Biological Science Institute, China Medical University, Beijing Medical University, Shandong Medical University, and Shandong Agriculture University, for joint research and development efforts, allowing Sunwin to rapidly develop new products.
In 2002, Sunwin received the “State-Level Biological Manufacturer Award” from China’s Bureau of Science and Technology, and the “Top 50 Firms in China’s Animal Health Industry Award” from China’s Animal Health Group Product Association. The company has also received the “Innovative High-Technology Business” and “AAA Highest Reputable Firm” awards.
In addition to the jump in quarterly revenues, Sunwin also reported a cash increase of 29% to $7.7 million, and a book value increase of $.36 per share. SUWN, which sold for over $1.50 in early 2006, closed at .173 Thursday.
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