China New Borun Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014
For the nine months, the company reported revenues of RMB 1,823,806,418 against RMB 1,597,187,463 a year ago. Operating income was RMB 167,791,292 against RMB 133,372,120 a year ago. Income before income taxes was RMB 88,183,759 against RMB 66,064,946 a year ago. Net income was RMB 66,137,819 against RMB 49,071,266 a year ago. Basic and diluted earnings per share were RMB 2.57 against RMB 1.91 a year ago.
The Company estimates that its revenue for the fourth quarter of 2014 will be in the range of RMB 654 million ($106.3 million) to RMB 659 million ($107.1 million), a decrease of approximately 0.6% to an increase of 0.2% over the same quarter of 2013.