Li-ion supplier China Sun reports fiscal 2011 Q2 results

China Sun Group, a vertically integrated supplier of raw materials for rechargeable Lithium-ion (Li-ion) batteries in China, has reported its financial results for the second quarter of fiscal 2011.

Revenue in the second quarter was $12.6m, increasing 25 per cent year-over-year, while gross profit was $4.1m increasing 34.3 per cent year-over-year.

Net income was $0.9m or $0.02 per diluted share.

Non-GAAP net income, excluding share-based consultancy fees, was $2.7m, or $0.05 per diluted share, increasing 35 per cent year-over-year.