Qingdao Footwear(OTC) QING

Qingdao Footwear, Inc. specializes in the design and retail of branded shoes throughout Northern China. Operating under its Hongguan label, the company offers distinct collections of men's and women's leather footwear.

Products and Services

• Distinct collections of men's and women's leather footwear
• Retail outlets across the Qingdao region
• Distribution through independent partners and third-party retailers

Growth Outlook

• Revenue increased to $8.3 million in Q2 2011
• Net income reached $301,790 in Q2 2011
• Strong operating cash flow of $1.1 million in Q2 2011

Financial Highlights

• Gross profit margin of 43.4% in Q2 2011
• Operating income of $636,071 in Q2 2011
• Return on assets at 39.4% for TTM

Qingdao Footwear, Inc. has established itself as a key player in the footwear industry in Northern China. The company's focus on quality leather products and strategic retail partnerships positions it well for future growth. Recent financial performance indicates a positive trajectory, with significant revenue and net income growth in the latest quarter. The strong gross profit margin and operating income reflect effective cost management and operational efficiency. Investors may find the company's robust cash flow and return on assets particularly appealing as it continues to expand its market presence.