Happiness Biotech Announces Financial Results for the Six Months Ended September 30, 2020 and Provides Guidance For the Whole Fiscal Year Ending March 31, 2021
News provided by
Share this article
Share this article
NANPING, China, Jan. 22, 2021 /PRNewswire/ Happiness Biotech Group Limited (the Company orNasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, today announced its unaudited financial results for the six months ended September 30, 2020 and provided the guidance for the whole fiscal year ending March 31, 2021.
Financial Highlights for the six months ended September 30, 20
20
:
Revenues decreased by $9.48 million or 30.2%, to $21.88 million for the six months ended September 30, 2020 from $31.36 million for the six months ended September 30, 2019, mainly due to the declining retail market affected by the COVID-19.
Share this article
Share this article
NANPING, China, Jan. 11, 2021 /PRNewswire/ Happiness Biotech Group Limited (the Company orNasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that Happy Buy, the Company s wholly-owned subsidiary focusing on e-commerce business, has achieved over 70% growth in December 2020, on a month-on-month basis. The total sales of Happy Buy in December has reached over $5.5 million compared with approximately $3 million in November. Thanks to the hard work of our Happy Buy team, we created continued momentum and again delivered great results in December. We are also very happy that we have attracted investors from the e-commerce industry this month. We believe that with the funds raised from these investors and the dedication of our Happy Buy team, Happy Buy will achieve more rapid development in the future. Meanwhile, we have another exciting news – we anticipate Happy Buy International to be
Happy Buy Receives Policy Granting 80% Tax Rebates From Local Government
News provided by
Share this article
Share this article
NANPING, China, Dec. 16, 2020 /PRNewswire/ Happiness Biotech Group Limited (the Company orNasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that Happy Buy, the Company s wholly-owned subsidiary focusing on e-commerce business, received preferential tax policies from the local government, according to which, 80% of the local value-added tax and the local corporate income tax will be returned to the company as a reward.
Shunchang County Government in Fujian Province, China, has formulated a series of supporting policies to local companies in order to promote the development of technology industries. As a result, given that Happy Buy had e-commerce sales of over US $3 million since November, 2020 and considered a business with significant contribution and sustainable growth, Shunchang County Govern