| Address:
|
21 CHANGSHE ROAD
CHANGGE CITY, |
| City: |
HENAN PROVINCE |
|
State: |
|
|
Zip Code: |
461500 |
| Telephone: |
(86) 10-82861788 |
|
Description of Business
|
Primary SIC Code:
2011 |
| (As filed with the SEC)
|
|
|
We are principally engaged in the meat and food processing and distribution
business in the People's Republic of China, (the "PRC" or "China"). We are
developing what we believe is a nationally
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Table of Contents
recognized brand of high-quality, fresh-tasting, healthy and nutritious meat and
food products targeting China's middle class. As of December 31, 2010, our
product line included over 390 unique meat products, including chilled pork,
frozen pork and prepared meats, and over 35 vegetable and fruit products. We
sell these products on both a wholesale basis to 31 fast food companies in
China, 59 processing factories and other purchasers, and on a retail basis
through an exclusive network of showcase stores, branded stores and supermarket
counters. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.92 | NA | 3.96 | | 06/2011 | 1.87 | NA | 5.60 | | 03/2011 | 1.74 | NA | 8.71 | | 12/2010 | 1.65 | NA | 12.36 | | 09/2010 | 1.48 | NA | 11.01 | | 06/2010 | 1.50 | NA | 7.84 | | 03/2010 | 1.51 | NA | 8.41 | | 12/2009 | 1.46 | NA | 10.69 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.34 | Total Liab/Total Assets | 0.42 | | Net Inc/Total Assets | 0.09 | Total Liab/Inv Cap | 0.85 | | Net Inc/Inv Cap | 0.19 | Total Liab/Comm Equity | 1.56 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | 8.90 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.40 | | Cash Flow/Net Sales | 0.07 | LTD/Equity | 0.24 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 0.64 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 16.03 | Quick Ratio | 1.05 | | Inventory Turnover | 27.68 | Current Ratio | 1.20 | | Inventory Day Sales | 0.09 | Net Rec/Curr Assets | 0.35 | | Net Sales/Work Cap | 27.41 | Inv/Curr Assets | 0.13 | | Net Sales/PP&E | 2.94 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
398.09
|
366.45
|
285.78
|
286.29
|
|
Cost of Goods Sold
|
358.05
|
327.31
|
249.87
|
253.09
|
|
Selling & Admin Exps
|
15.29
|
15.48
|
12.70
|
12.61
|
|
Operating Income
|
24.73
|
23.64
|
22.78
|
20.04
|
|
Interest Exp
|
NA
|
NA
|
NA
|
7.91
|
|
Pretax Income
|
19.12
|
20.56
|
18.39
|
19.26
|
|
Other Income
|
1.41
|
0.29
|
1.05
|
1.39
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
18.32
|
19.32
|
16.88
|
17.98
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
171.35
|
210.35
|
233.68
|
101.70
|
|
Receivables - Total
|
134.72
|
117.20
|
100.28
|
74.75
|
|
Inventories - Total
|
37.14
|
30.71
|
33.74
|
26.53
|
|
Total Current Assets
|
367.40
|
369.25
|
376.98
|
211.23
|
|
Net Property, Plant & Equipment
|
431.99
|
386.59
|
335.32
|
322.00
|
|
Total Assets
|
924.29
|
879.28
|
834.56
|
638.68
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
53.24
|
35.59
|
31.26
|
19.95
|
|
Debt in Current Liabilities
|
250.13
|
242.64
|
248.82
|
148.49
|
|
Total Current Liabilities
|
320.90
|
287.75
|
286.10
|
176.69
|
|
Long-Term Debt
|
103.99
|
103.64
|
87.07
|
88.67
|
|
Total Liabilities
|
428.02
|
395.03
|
376.16
|
267.69
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.83
|
0.81
|
0.80
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.04
|
0.04
|
0.04
|
0.04
|
|
Retained Earnings
|
224.50
|
206.18
|
186.86
|
169.98
|
|
Treasury Stock
|
-15.80
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
496.27
|
484.25
|
458.41
|
370.99
|
|
Total Liabilities and Stockholders' Equity
|
924.29
|
879.28
|
834.56
|
638.68
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
25.08
|
25.31
|
9.86
|
48.04
|
|
Net Cash Provided by Investing Activities
|
-37.05
|
-53.51
|
-68.39
|
-4.88
|
|
Net Cash Provided by Financing Activities
|
-24.76
|
-0.19
|
151.00
|
-22.57
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 143.81 | 6.36 | 0.31 | | 12/2007 | 291.37 | 18.53 | 0.80 | | 12/2008 | 539.83 | 31.38 | 1.05 | | 12/2009 | 726.04 | 45.59 | 1.46 | | 12/2010 | 946.72 | 58.28 | 1.65 | | Growth Rates | 60.18 | 73.99 | 51.89 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 82 | 15,901 | 42.20 |
|
Report Date :
2/6/2012
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