August 19, 2014

Jinxinnong's H1 revenue rises 9% on increased feed sales

Shenzhen Jinxinnong Feed Co., Ltd. (Jinxinnong) realized operating income of RMB953.11 million (US$155.23 million) during the first six months, up by 9% on-year.

The company sold 240,000 tonnes of feed in the first half of 2014, an increase of 14.4% on-year. Feed sales totalled RMB938.37 million (US$152.84 million), up by 11% and accounting for 98.45% of the total income.

Livestock farming generated RMB4.08 million (US$664,531.37), plunging 79.5% on-year and accounting for 0.43% of the total income. Raw materials trade brought in RMB7.05 million (US$1.15 million), accounting for 0.74% of the total income.