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china yurun food group ltd (1068) Details

China Yurun Food Group Limited, an investment holding company, engages in the slaughtering, production, and sale of chilled and frozen meat, and processed meat products in the People’s Republic of China. It markets and sells its products under the Yurun, Furun, Wangrun, and Popular Meat Packing brand names. China Yurun Food Group Limited was incorporated in 2005 and is headquartered in Nanjing, the People’s Republic of China.

16,000 Employees
Last Reported Date: 04/19/16
Founded in 2005

china yurun food group ltd (1068) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $453.0K
Chairman, Member of Remuneration Committee an...
Total Annual Compensation: $784.0K
Executive Director
Total Annual Compensation: $415.0K
Compensation as of Fiscal Year 2015.

china yurun food group ltd (1068) Key Developments

China Yurun Food Group Ltd. Announces Board Changes

The board of directors of China Yurun Food Group Limited announced that Mr. Yang Linwei and Mr. Yao Guozhong have been appointed as executive directors of the company with effect from 20 June 2016. Mr. Yang Linwei, aged 47, joined the Group in March 1996 and is a vice president of the group. He is responsible for the downstream processed meat business. Mr. Yang has approximately 20 years of experience in the meat products industry. Mr. Yao Guozhong, aged 46, joined the group in September 2002 and is responsible for the upstream slaughtering business. Mr. Yao was the general manager of various subsidiaries of the company and has approximately 14 years of experience in the meat products industry. The board also announced that Mr. Ge Yuqi has resigned as an executive director of the company, due to his reaching the retirement age of 60, with effect from 20 June 2016. The Board and Mr. Ge confirmed that they have no disagreement with each other and there is nothing relating to Mr. Ge's resignation which is required to be brought to the attention of the shareholders of the company.

China Yurun Food Group Ltd. Reports Audited Consolidated Earnings Results for the Year 2015 and Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

China Yurun Food Group Ltd. reported audited consolidated earnings results for the year 2015 and unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the year, the company reported consolidated operating revenue of RMB 12,586 million and net loss of RMB 1,581 million. For the quarter, the company reported consolidated operating revenue of RMB 3,142 million and net loss of RMB 92 million.

China Yurun Food Group Ltd. Announces Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Capital Expenditure Guidance for the Year 2016

China Yurun Food Group Ltd. announced consolidated earnings results for the year ended December 31, 2015. For the year, the company reported turnover of HKD 20,164,864,000 against HKD 19,157,889,000 a year ago. Loss from operating activities was HKD 2,529,788,000 against profit from operating activities of HKD 165,581,000 a year ago. Loss before income tax was HKD 2,947,345,000 against HKD 70,445,000 a year ago. Loss attributable to equity holders of the company was HKD 2,976,405,000 or HKD 1.633 per basic and diluted share against profit attributable to equity holders of the company of HKD 56,774,000 or HKD 0.031 per basic and diluted share a year ago. Net cash used in operating activities was HKD 464,537,000 against HKD 295,935,000 a year ago. Capital expenditure decreased by 60.0% to HKD 700 million as compared with HKD 1,752 million a year ago. Under the principle of strict control over investment costs, the capital expenditure of the Group decreased significantly by 49.1% to HKD 356 million during the review year from HKD 700 million of last year. Net cash outflow of the group during the review year was mainly used for daily operations, payment for the construction payables for those projects already started and repayments of borrowings. The preliminary capital expenditure plan for 2016 as approved by the Board is currently expected to be approximately RMB 200 million, which will be mainly used to complete the construction in progress.

 

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