Electronics announces nine month revenue

China Electronics Holdings, Inc. (OTC Bulletin Board: CEHD), one of rural China’s major U.S.-listed retailers of household appliances and consumer electronics, announced that its earnings for through September 30, 2010 increased 285% over the same period in 2009, reaching USD$15,094,619. Revenues were up 348% and totaled USD$89,364,902 for the first three quarters of 2010. On the CEHD Balance Sheet, Stockholders’ Equity increased by over USD$30 million from USD$6.0 million to USD$36.9 million.

“We had 247 new China electronics wholesale stores in operation during the nine months ended September 30, 2010 compared to 2009,” said China Electronics Chairman and Founder Hailong Liu. “New products with higher average selling prices from SONY and LG that we began to carry in 2010 and the improved economic climate in the PRC all had a positive impact on the demand for our products and our sales,” Chairman Liu stated. Through the first three quarters of 2010 CEHD has recorded 187% of the revenues achieved for all of 2009, and earned 155% of the profits in the first nine months of 2010 that it did for the entire calendar year of 2009.

China Electronics’ Guoying subsidiary is the exclusive wholesaler in the Lu’an area for products under the brand names Sony, LG, Samsung, Shanghai Shangling, Chigo, Huayang and Huangming. Guoying is the general sales agency of Sino-Japan Sanyo electronic products, such as Sanyo TVs, air conditioners, washing machines, cell phones for sale and replacement laptop battery wholesale. Guoying has teamed up with Huangming and Huayang, the two largest manufacturers of solar thermal products in China, to be their exclusive retail outlet in Anhui.

China Electronics also produces Guoying brand refrigerators under its own trademark, selling a total of 30,000 refrigerators in 2007, 46,000 in 2008, and 62,000 in 2009, and expects to sell 77,000 in 2010 and 100,000 in 2011, in PRC provinces Anhui, Henan and Hubei.