Bon Natural Life Limited Ordinary Shares - BON STOCK NEWS

Bon Natural Life Limited (Nasdaq: BON) will release its FY2021 earnings before the market opens on January 31, 2022. The fiscal year ended on September 30, 2021.

An investor conference call will occur on February 3 at 9:00 a.m. EST, featuring management including CEO Richard Yongwei Hu. Participants can pre-register for immediate access or use provided dialing options.

Bon Natural focuses on bio-ingredient solutions for health and personal care, manufacturing plant-derived fragrant compounds and nutritional supplements.

Bon Natural Life Limited (Nasdaq: BON) announced an initial purchase order from Chongqing Fudoudou Technology Co. for FeatherPure Women's Personal Care Gel, aimed at female reproductive health. This all-natural product utilizes BON's proprietary formulation and is expected to generate approximately US$3 million in revenue over the next two years. The company anticipates an additional revenue of US$10 million from co-developing healthcare products with FDD due to rising women's health awareness. BON has received full advance payment for the initial order.

Bon Natural Life Limited (Nasdaq: BON), a leading provider of bio-ingredient solutions, has restructured its corporate subsidiary in China by removing its variable interest entity (VIE) structure. As of November 1, 2021, the company became the sole shareholder of its operating entities, including Xi'an App-Chem. This change aims to enhance corporate governance and position the company for future growth, although no material impact on financial performance is anticipated. The company focuses on manufacturing personal care ingredients and natural health supplements.

Bon Natural Life Limited (Nasdaq: BON) announced a memorandum of understanding with Chongqing Jingfubao Trading Co., Limited to enhance multichannel marketing for its human microbiome-based products. The partnership aims to leverage JFB's extensive distribution network in China to boost sales in the growing health and personal care sector. Notably, China's prebiotic market was valued at approximately US$11.3 billion in 2019, with an expected annual growth rate of 15% through 2022. This collaboration is seen as a strategic move to expand BON's market presence and shareholder value.

Bon Natural Life Limited (Nasdaq: BON) reported strong financial performance for 1H-2021, with total revenues increasing by 63.6% to US$11.7 million. Gross profit rose by 32.2% to US$3.4 million, and net income increased by 43.9% to US$2.3 million. Diluted EPS was $0.40, compared to $0.30 in the prior year. Notable product category performance included a 338.4% increase in health supplements. However, bioactive food ingredients saw a significant revenue drop of 69.7%. The company is optimistic about its growth trajectory, particularly with the upcoming Yumen Plant.

Bon Natural Life Limited (Nasdaq: BON) will release its half-year earnings report for the period ending March 31, 2021, before the market opens on August 17, 2021. The company will host an investor conference call at 8:30 a.m. EST on the same day, featuring key executives including CEO Richard Yongwei Hu. Participants can pre-register for easier access or join via dial-in options. Bon Natural focuses on the production of bio-ingredient solutions for health and personal care industries. For more information, visit www.bnlus.com.

Bon Natural Life Limited (Nasdaq: BON) has commenced construction of its third production facility in Yumen City, aiming to boost production capacity of fragrance compounds and bioactive food ingredients by 200%. This expansion is anticipated to yield a 150% annual growth in revenue upon completion, scheduled between June and September 2022. The facility will feature 6 state-of-the-art production lines and is expected to enhance operational efficiency while meeting increasing demand. The project is seen as a significant step toward expanding BON's global presence, particularly in international markets like the U.S. and Europe.

Bon Natural Life Limited (Nasdaq: BON) announced the acquisition of land for its third production facility in Yumen, China, which will boost overall production capacity by over 200%. The facility will cover 8.2 acres and is expected to enhance access to raw materials and export capability to European markets. Construction is set to begin in July 2021, with completion anticipated in June 2022. Post-construction, production is expected to increase from 170 tons to 520 tons by September 2022, significantly supporting domestic and international demand.

Bon Natural Life Limited (Nasdaq: BON) announced the issuance of an additional 330,000 ordinary shares at $5.00 per share, raising $1.65 million, following the full exercise of the underwriters' over-allotment option during its initial public offering (IPO). This brings the total shares sold in the IPO to 2,530,000, with gross proceeds of $12.65 million. The shares began trading on June 24, 2021. U.S. Tiger Securities and Newbridge Securities acted as co-lead managers for the offering. The registration statements related to the offering were declared effective on June 23, 2021.