China New Borun Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for the First Quarter of 2015
For the year, the company reported revenues of RMB 2,433,820,369 against RMB 2,254,970,152 a year ago. Operating income was RMB 212,136,582 against RMB 198,934,724 a year ago. Income before income taxes was RMB 105,614,198 against RMB 106,678,342 a year ago. Net income was RMB 79,210,649 against RMB 79,528,309 a year ago. Basic and diluted earnings per share were RMB 3.08 against RMB 3.09 a year ago.
The company estimates that its revenue for the first quarter of 2015 will be in the range of RMB 510 million to RMB 550 million, a decrease of approximately 18.5% to a decrease of 12.1% over the same quarter of 2014.