Feb. 27, 2007 (China Knowledge) – China 3C Group <CHCG>, a retailer and distributor of consumer and business products in China, announced Monday that net profit has increased by 673% in 2006, from US$1.5 million to US$11.3 million year-on-year.

The earnings translate to US$0.24 earnings per share, an increase from US$0.04 per share in 2005. Revenue increased by 355% from $32.6 million in 2005 to $148.2 million in 2006.

Looking forward, China 3C Group's CEO, Zhenggang Wang, expects the introduction of printer cartridges, MP3 players, MP4 players, electronic dictionaries, DVD players and audio and video digital products in the second half of 2006 to significantly contribute to growth in 2007.