August 1, 2013
Henan Huaying reports loss in the first half of 2013
In the announcement of its financial results for the first half of 2013 on July 30, Henan Huaying Agricultural Development Co., Ltd. (Huaying) reported an operating revenue of RMB802 million, down 8.14% on-year, and a net loss of RMB67.36 million (US$10.99 million).
Huaying blames H7N9 epidemic for the company's poor performance in the statement. China's poultry industry was hit hard by the epidemic, which slashed sales of poultry and dented consumer confidence.
Huaying engages in the breeding and hatching of poultry, and is involved in the slaughtering, processing and sale of poultry.
