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Monday, May 13, 2013
Zhongpin posts declining profits on intense competition
May 13, 2013 Zhongpin posts declining profits on intense competition     Chinese meat group Zhongpin posted falling first-quarter profits and muted sales growth brought about by "intense" competition in the country's pork sector. The compan ...
Tuesday, March 19, 2013
Zhongpin's 2012 net income down 31%, to delist Q2 2013
March 19, 2013   Zhongpin's 2012 net income down 31%, to delist Q2 2013 China's Zhongpin, a US-listed firm, reported a 31% fall in net income to US$44.1 million in 2012. Zhongpin said its costs rose amid higher sales volumes and "intense co ...
Tuesday, November 27, 2012
Zhongpin to sell shares to Golden Bridge
China-based Zhongpin Inc has agreed to a deal which will value the meat and food processor at about US$503 million. CEO Xianfu Zhu, along with Golden Bridge Holdings Ltd., will offer shareholders US$13.50 a share in cash, a 24% premium over ...
Friday, May 11, 2012
Zhongpin experiencing higher revenues with lower net income
May 11, 2012 Zhongpin experiencing higher revenues with lower net income Zhongpin Inc. has announced higher sales revenues and lower net income for the three months, concluding on March 31, 2012 compared with the first quarter of 2011. Sale ...
Friday, May 4, 2012
Zhongpin revenue up by more than 50%
May 4, 2012 Zhongpin revenue up by more than 50%   Zhongpin Inc. reported rising annual sales revenues of 54% increase to US$1.45 billion, with chilled and prepared pork products registering increases in both average prices and tonnage, whi ...
Tuesday, April 17, 2012
Zhongpin to assess buyout proposal from CEO Xianfu Zhu
April 17, 2012 Zhongpin to assess buyout proposal from CEO Xianfu Zhu Zhongpin Inc. has formed a special committee to evaluate a preliminary offer from the company's CEO to buy out shareholders and take Zhongpin private. Its stock added US$ ...
Thursday, March 15, 2012
Zhongpin posts strong 2011 results
March 15, 2012 Zhongpin posts strong 2011 results Zhongpin, one of the leading Chinese meat and food processing companies, reported rising revenues and net income for last year. Revenues increased 54% to US$1.46 billion in 2011 from US$946. ...
Monday, December 19, 2011
Zhongpin runs trial production at Jiangsu, Jilin pork plants
December 19, 2011 Zhongpin runs trial production at Jiangsu, Jilin pork plants   Chinese meat and food processor Zhongpin Inc on Friday (Dec 16) started trial production at its two chilled and frozen pork products plants in Jiangsu and Jili ...
Friday, November 11, 2011
Zhongpin Q3 net income increases 25%
November 11, 2011 Zhongpin Q3 net income increases 25% For the third quarter ending September 30, 2011, compared to the third quarter in 2010, net income for Zhongpin rose 25% to US$18.3million from US$14.7million. Revenues climbed 65% to U ...
Monday, October 3, 2011
Zhongpin starts trial production at Tianjin pork plant
October 3, 2011 Zhongpin starts trial production at Tianjin pork plant   Chinese meat and food processor Zhongpin Inc commenced trial production on its new prepared pork products plant in Tianjin on Friday (Sep 30). The company's new plant ...
Tuesday, August 23, 2011
Zhongpin's stock buyback plan under way
August 23, 2011 Zhongpin's stock buyback plan under way   China's meat and food processor Zhongpin announced that it has repurchased 460,600 shares of its common stock since August 9, under the company's stock repurchase programme using int ...
Wednesday, August 10, 2011
Zhongpin's H1 profits surge on higher pork sales
August 10, 2011 Zhongpin's H1 profits surge on higher pork sales   Chinese meat processor Zhongpin on Monday (Aug 8) reported a 41.4% jump in first-half profits to US$36.2 million and raised its full-year outlook on stronger performance in ...
Wednesday, July 20, 2011
Zhongpin hits back at "incorrect" report from China Economic Review
July 20, 2011 Zhongpin hits back at "incorrect" report from China Economic Review Zhongpin Inc., a China-based pork processor, claimed a report from the China Economic Review alleging it overstated information including the number of hogs p ...
Thursday, July 7, 2011
Zhongpin seeks US$10-million stock buyback
July 7, 2011 Zhongpin seeks US$10-million stock buyback   Chinese pork processor Zhongpin Inc plans to repurchase up to US$10 million of stock over the next 12 months, joining a growing list of companies tapping into cash stockpiles they no ...
Tuesday, June 21, 2011
Top Zhongpin execs to purchase company stocks
June 21, 2011 Top Zhongpin execs to purchase company stocks Xianfu Zhu, chairman and CEO, and Baoke Ben, director and executive vice president of Zhongpin Inc., expect to use their own assets to purchase up to an aggregate total of US$1 mil ...
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