Ziyang Ceramics Corporation (OTC.BB: ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, announced today its financial results for the second quarter ended June 30, 2012.



- Second quarter 2012 revenue climbs to $14.4 million, up 45.6% from revenue of $9.9 million recorded in the second quarter of 2011

- Second quarter 2012 net income reaches $4.0 million, up 76.1% from $2.3 million recorded in the second quarter of 2011

- Gross margin climbs to 37.6% and net margin reaches 27.8% in the second quarter of 2012

- Basic and diluted EPS reached $0.82 for the first six months of 2012 on 9 million weighted average shares outstanding



Financial Highlights

For the second quarter of 2012, total revenues reached $14.4 million, up 45.6% from $9.9 million recorded in the second quarter of 2011. The increase in revenue was primarily driven by the increase in sales from our new line of interior porcelain wall tiles launched in August of 2011. Gross profit in the second quarter of 2012 increased to $5.4 million, up by 54.8% from $3.5 million achieved in the second quarter of 2011. Gross profit margin increased to 37.6% in the second quarter of 2012, compared to 35.4% in the same period of 2011 primarily due to the higher sales of our premium polycrystalline floor tiles where gross margin reached 42%. Overall net margin in the second quarter of 2012 increased...