China Jo-Jo Drugstores Reports Fiscal 2017 First Quarter Results

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc., is a leading China-based pharmacy with retail, wholesale and online distribution of pharmaceutical and health care products through its online and retail pharmacies. As of July 26, 2016, the Company had 62 retail pharmacies in Zhejiang Province. The Company's wholesale subsidiary supplies its retail stores, and distributes drug and healthcare products to other drugstores and drug vendors. For more information, please visit: www.jiuzhou-drugstore.com (Chinese) and www.chinajojodrugstores.com (English).

Forward Looking Statement

Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "estimate," "may," "will," "should," "project," "plan," "seek," "intend," "anticipate," the negatives thereof, or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development. It is routine for the Company's internal projections and expectations to change as the quarter and year progresses, and therefore it should be clearly understood that the internal projections and beliefs upon which the Company bases its expectations may change. Although these expectations may change, the Company is under no obligation to inform you if they do. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of numerous factors, including the risks associated with the effect of changing economic conditions in the People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products. Readers are referred to the reports and documents filed from time to time by the Company with the Securities and Exchange Commission for a discussion of these and other important risk factors that could cause actual results to differ from those discussed in forward-looking statements. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CHINA JO-JO DRUGSTORES, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
		June 30,				March 31,
		2016				2016
ASSETS
CURRENT ASSETS
Cash		$	5,058,091			$	6,671,873
Financial assets available for sale			451,512				465,165
Restricted cash			6,510,454				13,747,990
Notes receivable			54,622				15,506
Trade accounts receivable, net			8,861,884				8,054,597
Inventories			10,732,441				10,802,691
Other receivables, net			1,769,878				1,376,468
Advances to suppliers, net			4,691,995				4,230,665
Other current assets			1,881,243				1,518,048
Total current assets			40,012,120				46,883,003
PROPERTY AND EQUIPMENT, net			5,180,714				5,543,076
OTHER ASSETS
Long-term investment			105,353				108,539
Farmland assets			1,636,757				1,562,205
Long term deposits			2,380,086				2,452,056
Other noncurrent assets			2,871,139				2,595,129
Intangible assets, net			2,835,454				2,928,779
Total other assets			9,828,788				9,646,708
Total assets		$	55,021,622			$	62,072,787
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Short-term loan payable		$	30,101			$	31,011
Accounts payable, trade			15,509,963				16,667,396
Notes payable			11,573,880				17,595,634
Other payables			1,892,969				1,917,821
Other payables - related parties			2,216,223				2,199,775 Werbung Mehr Nachrichten zur China Jo-Jo Drugstores Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 06:07 - PR Newswire FirstGroup Plc - Holding(s) in Company 04:02 - PR Newswire Teleios Capital Partners - Form 8.3 - Tyman PLC 23.04.24 - ARIVA.DE Redaktion Nebenwerte: SDAX heute leicht im Plus (14.236 Pkt.) Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59