News Column

Henan Huaying H1 Loss Down 22%, Less Effect from Bird Flu

August 28, 2014

HENAN, August 28, SinoCast -- Henan Huaying Agriculture Development Co., Ltd. (SZSE: 002321) revealed loss of CNY 52.5459 million in the first half of 2014, declining 21.99% from a year earlier, representing CNY 0.123 per share. Operating revenue narrowed 0.25% to CNY 800 million.

Because of the weakening effect from bird flu, the selling price of major products has been rallying, boosting performance. The company expected net profit from zero to CNY 10 million in January-September period, turning loss to profit.

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Source: Sinocast Investing & Securities Beat (China)

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