Thursday, March 6, 2014

China New Borun Reported Gross profit increased 44.3% for the quarter compared to the same quarter of 2012

China New Borun Corporation, a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2013. 



Revenue increased 30.7% to RMB657.8 million ($107.9 million[1]) from RMB503.4 million in the fourth quarter of 2012. 
Gross profit increased 44.3% to RMB78.6 million ($12.9 million) from RMB54.4 million in the fourth quarter of 2012.
Net income increased 41.1% to RMB30.5 million ($5.0 million) from RMB21.6 million in the fourth quarter of 2012.
Here is China New Borun's quarterly filing.