UCHC has $32 million in assets and $18 million in liabilities. Those are solid numbers and even more solid when you consider you are talking about a $.01 stock. UCHC has over $6 million in revenue last quarter. Take that $6 million over 4 quarters and you get over $24 million in revenue this year.
The stock was trading as high as $.24 over the last 52 weeks, before the recent low volume swoon. There is no reason for the recent drop off in price per share. Revenue is growing and the stock should at least trade back to prior levels. With the stock at $.01 this would mean a 500% or better gain to recover previous price levels.
Recent news out from the company is below:
SHENZHEN, China, April 11, 2012 /PRNewswire via COMTEX/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, announced today that the performance of APT Paper Group ("APT"), one of UCHC's subsidiaries, in February 2012 represents a marked improvement over APT's performance in February 2011. Sales turnover in February 2012 increased by 41% as compared with February 2011. Although the cost of goods sold increased drastically from the last quarter of 2011 due to the inflation and the increase in paper material costs resulting in an increase of 9% of the direct costs, APT managed to achieve an increase in the gross profit by 250% as compared with the same month last year.
Operating expenses increased by 9% due primarily to APT's aggressive expansion campaign. The effective control of the sale of recycled scrap paper helped bring in an increase in non-operating income by 607%, as a result of effective control of raw materials and sound management of the business when compared with the performance for February 2011. February results of APT was a small loss of US$20,448, which is 95% improved compared with same month last year which had a loss of US$435,318.
Since APT's rehiring of Mr. Wen, as CEO, last August, APT has undergone a significant restructuring in terms of its management and business model. Although the performance in February 2012 still represents a slight loss, as the first quarter is traditionally the weakest it is encouraging to note the improved performance after seven months' effort, which is a solid indicator demonstrating that APT's performance and control mechanism are progressing in the right direction.
Mr. Thomas Lee, Chief Operating Officer of UCHC, commented, "APT Paper Group has a much stronger management and structure now. With the right level of funding, which we are still raising, we intend to install more machines, expand our R & D and product design capabilities. I believe the business of APT could be increased at a significant growth rate. UCHC has full confidence and support in this investment."
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong.
APT Paper Group, a wholly owned subsidiary, headquartered in Shenzhen, Guangdong, China, was founded in November 1993. UCHC acquired 100% of APT in June 2010. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China. APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip-sheets, paper corner protectors and corrugated paper products. APT holds patents throughout the world on many of its products. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 51% of which is owned by UCHC, is headquartered in Xi'an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes agricultural brands and also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources.