Boston, MA, 03/03/2013 – China YCT International Group, Inc., (PINK:CYIG) is about to see some action tomorrow. Our research team at usastockreport have received several promotional emails from a promoter “ThePennyStockHero.com” touting on this low float penny stock. This is the same promoter that had pumped FORC last thursday that surged more than 400% and CNGI the week before for staggering 2000% gain. It’s extremely important to follow traders vigilance when dealing with such high pumps.
CYIG is currently trading at $0.003 per share with approximately 29.5-Million shares outstanding giving it’s a current market capitalization of $88,000. Looking at the income statement for the past three years, the company has reported increasing annual revenues for the period ending March 30 2012, 2012, and 2010 or $37.5M, $33.4M, and $32M respectively. CYIG through its subsidiaries, engages in developing, manufacturing, and marketing gingko and other dietary supplement products in the People’s Republic of China. It provides Huoliyuan capsule for the treatment of chronic hepatitis, diabetes, insomnia, memory loss, menopause syndrome, and other maladies. The company also offers 10 health care supplement products. It markets its products through a network of dealers. The company is based in Sishui County, the People’s Republic of China.
On fiurther research by our team members, we found that China YCT International Group, Inc. released financials showing revenues for its most recent fiscal year ending march 30, 2012. The company reported increase more than 12% over its previous year to $37.6M
According to the EDGAR Online Financials released on Thursday, February 21, the Income Statement for China YCT International Group, Inc. showed its total revenue for the period ending March 30, 2012, at $37.5M representing a more than 12% increase over the same period its previous year up from $33.5M. The Income Statement also showed Gross Profit for the period ending March 30, 2012, at $20.1M up from $17.2M for the same period ending March 20, 2011, representing a Gross Profit increase of close to 17%. Additionally, On Thursday, Feb 14, China YCT International Group, Inc. filed its SEC Form 10-Q Quarterly Report, which contains Management’s discussion and analysis of financial condition and result of operation.
The report also includes an overview of recent significant events, cost of sales, gross profits, a breakdown of income, tax, expenses, and discusses liquidity and capital resources, as well as operating, investing, and financing activities and much more.
Trading at sub penny levels of $0.003 and being pumped by an army of pumpers, CYIG seems to be poised to be the most talked about penny stock tomorrow.