The increased selling expenses was primarily due to increases in higher allowance costs, advertising costs, and subsidy to our experience stores to support their continuity of insufficient business for the prolonged period affected by the COVID-19.Mr. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.
The increased selling expenses was primarily due to increases in higher allowance costs, advertising costs, and subsidy to our experience stores to support their continuity of insufficient business for the prolonged period affected by the COVID-19.Mr. Our sales from the Lucidum spore powder products had grown significantly during fiscal year 2020 due to our development of Lucidum enriched related products and Lucidum raw material products.
Our sales from the Lucidum spore powder products had grown significantly during fiscal year 2020 due to our development of Lucidum enriched related products and Lucidum raw material products. NANPING, China, July 24, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" orNasdaq: HAPP), an innovative China-based nutraceutical and … Wang continued to comment, "In the past few months, in response to the outbreak of the COVID-19 in This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements.
About Happiness Biotech Group Limited Headquartered in Nanping, China, Happiness Biotech Group Limited is an innovative China-based nutraceutical and dietary supplements producer focused on the research, development, manufacturing and marketing of a variety of products made from Chinese herbal extracts and other ingredients.The Company's goal is to provide high-quality products … When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Happiness Biotech Group Limited. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. It also offers edible fungi. The Company operates four segments, including the Vitamin s and Dietary Supplements Products segment, Herbal and Traditional Products segment, Sports Nutrition Products segment and Weight Management Products … is a company mainly engaged in the research, development, manufacturing, marketing and sales of nutraceutical and dietary supplements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in © 1985 - 2020 BioSpace.com. Lucidum spore powder and its related products are our best-selling products line and the key items of our future development.Our net income decrease was mainly caused by the increase of selling expenses.