Aoxin Tianli Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 12, 2017 at 05:25 pm EDT
Share
Aoxin Tianli Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of $6,680,991 compared to $9,059,268 a year ago. Income from operations was $28,399 compared to $1,054,293 a year ago. Income before income taxes was $33,094 compared to $1,136,595 a year ago. Net income from continuing operations was $33,094 or $0.00 per basic and diluted share compared to $1,136,595 or $0.14 per basic and diluted share a year ago. Net income attributable to the company common stockholders was $33,094 compared to loss of $104,898 a year ago. Net cash provided by operating activities was $1,635,397 compared to $3,236,823 a year ago.
BIQI INTERNATIONAL HOLDINGS formerly CORPRenmin Tianli Group, Inc., is a holding company. The Company is engaged in hog farming. The Company conducts its hog breeding operations through Wuhan Fengze Agricultural Science and Technology Development Co., Ltd. (Fengze), a subsidiary of Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd., its wholly foreign owned enterprise, or WFOE, and its subsidiaries, Hubei Tianzhili Breeder Hog Co., Ltd. (Tianzhili), and Hubei Tianzhili (Hefeng) Breeder Hog Co., Ltd (Hefeng). The Company operates in two segments: Hog Farming and Retail. It utilizes various purebred hogs at its farms. The primary purebred varieties that it utilizes are the Yorkshire, Landrace and Duroc. It breeds both purebred and cross-bred hogs in order to attain desirable traits in the hogs produced in its farms. It is engaged in the sales of specialty processed black hog meat through the Internet. It sells its products under its Xiduhei trademark.
BIQI INTERNATIONAL HOLDING CORPORATION 
