October 30, 2013

Tangrenshen Group Co., Ltd. (Tangrenshen) released its financial results for the first three quarters of 2013. From January to September, the company raked in a net income of RMB78.04 million (US$12.81 million), sliding by 33% on-year.

Tangrenshen blames the plunge in poultry products, which was mainly caused by the H7N9 outbreak this year, and the slow sales of its hog feed for the lower-than-expected performance.

Tangrenshen engages in hog farming, meat product processing, as well as the development and sale of feedstuffs.