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Zhongpin Reported a 31% Decrease in Net Income to $44.1m
Mar 19, 2013Zhongpin, a China-based meat and food processing company, has reported a 31% decrease in net income to $44.1m for the full-year 2012, compared to $64.2m in 2011, due to a lower gross profit margin, rising labor and utility costs, and higher ...
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Introducing Some Comprehensive Situation of Henan: Economy
Dec 13, 2012(i) GDP Data Henan, a big economic province in China, produced a total GDP of 1,053.52 billion yuan in 2005, which makes Henan Province the 5th province whose overall volume exceeds a trillion yuan. The structure of the three industries ...
Tags: Henan province, survey, economy, investment
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Zhongpin Has Blamed Higher Costs and Increased Competition for a Fall in Quarterly Profits
Dec 11, 2012Chinese meat processor Zhongpin has blamed higher costs and increased competition for a fall in quarterly profits. Zhongpin said its net income fell 40% to US$11m in the third quarter of the year. Sales increased 4% to $415.7m but ...
Tags: Meat Firm, Costs, Competition
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Zhongpin Saw Its Half-Year Net Profits Slump 36% Despite Posting a Rise in Revenues
Dec 10, 2012Chinese meat processor Zhongpin saw its half-year net profits slump 36% despite posting a rise in revenues. Net income attributable to Zhongpin shareholders for first six months of the year ending 30 June was US$23.2m, compared to $36.2m ...
Tags: Zhongpin, half year net profits, revenue rise, gross profit margin
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Zhongpin Is Set to Be Taken Private by Its Chairman and Chief Executive
Dec 10, 2012Chinese meat firm Zhongpin is set to be taken private by its chairman and chief executive. Nasdaq-listed Zhongpin announced today (26 November) chairman and CEO Xianfu Zhu had agreed to pay US$13.50 a share for the company. Zhongpin ...
Tags: Zhongpin, taken private, food industry, food company