Navigation Links
Fufeng Announces 2007 Annual Results
Date:4/21/2008

Turnover Increased by 37%

HONG KONG, April 22 /Xinhua-PRNewswire/ -- Fufeng Group Limited ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"; HKEx: 546), a leading vertically integrated manufacturer of corn-based biochemical products in China, announced its annual results for the year ended 31 December 2007.

During the year, driven by the increased sales volume of major products, the Group's turnover increased to RMB2,445.7 million, representing an increase of 37% compared to 2006. However, with the decrease in the average selling prices (ASP) of the Group's major products and the increase in the cost of raw materials, especially corn kernel, the Group's gross profit dropped to RMB249.7 million. The increase in transportation, administrative expenses also further lowered the Group's profitability. Fufeng recorded a profit attributable to shareholders for 2007 of approximately RMB 45.1 million. Its earnings per share for 2007 amounted to RMB 2.8 cents.

Commenting on the results, Mr. Li Xuechun, Chairman of Fufeng said, "Despite the challenging market conditions in 2007, the Group managed to maintain its leading position in the corn-based fermentation industry. During the year, we strived to capture the opportunity brought by MSG and glutamic acid industry consolidation and actively expand our market, our market share in the sector surged significantly to 23% in 2007 from 17% in 2006. As for xanthan gum, the Group actively expanded export business, the export portion of xanthan gum increased from 65% to 83%. Other than better selling price, the Group can also enlarge our market share in xanthan gum through exporting products."

During the period, the Group posted a healthy increase for its MSG segment. The sales volume of MSG increased by nearly 200% to 91,850 tonnes, this proves the Group's decision to shift its focus from glutamic acid to MSG production. Besides, fertili
'/>"/>

SOURCE Fufeng Group Limited
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Dendreon Announces Publication of Phase 1 Study Highlighting Immunologic and Clinical Activity of Lapuleucel-T (Neuvenge(R)) in Advanced Breast Cancer Patients
2. YM BIOSCIENCES ANNOUNCES COMPLIANCE WITH AIM RULE 26
3. Emisphere Technologies, Inc. Announces Pricing of Registered Direct Offering
4. BioLife Solutions Announces Exclusive CryoStor(TM) Supply Agreement With the New England Cryogenic Center, Inc.
5. Carrington Announces Nasdaq Communication; Prepares for Shares to Be Quoted on the OTC Bulletin Board and Pink Sheets
6. China Kangtai Cactus Biotech Files 2nd Quarter 2007 10QSB and Announces Unaudited Quarterly Results
7. Cephalon Announces Positive Results from a Pivotal Study of FENTORA in Opioid-tolerant Patients with Non-cancer Breakthrough Pain
8. Advanced Life Sciences Announces Receipt of Nasdaq Staff Letter
9. ADVENTRX Announces Fast Track Designation Granted By the FDA For CoFactor For the Treatment of Metastatic Colorectal Cancer
10. Angiotech announces additional diameters of sutures to further expand its Quill(TM) SRS PDO product line
11. CNS Response Announces Fiscal Third Quarter 2007 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/22/2014)... Calif. , Dec. 22, 2014  ( www.competitivehealth.com ... CoPatient, an online medical bill review and advocacy service, ... in the FREE WellCard Savings discount health services marketplace. ... bill that was more than they expected to pay. ... reduce health care costs, WellCard Savings is pleased to ...
(Date:12/22/2014)... 2014 Fertility Associates of Memphis has ... USA , a network of more than 20 contributing ... patients have fast access to a national pool of ... . Fertility Associates of Memphis is the only fertility ... option. , Dr. William Kutteh , director of ...
(Date:12/19/2014)... BioPlus Specialty Pharmacy (BioPlus), one of the nation’s ... Pharm.D. to the newly created position of Vice President ... Dr. Maroulis will continue to manage the entire specialty ... pharmacies as the company expands. Dr. Maroulis has been ... has served in many different capacities in the pharmacy, ...
(Date:12/19/2014)... REDWOOD CITY, Calif. , Dec. 19, 2014 ... , USA) announced today that they have been ... Technologies 1,2 is a privately held company that ... processing of next generation sequencing (NGS) data for the ... into the Roche Sequencing Unit, and will continue to ...
Breaking Biology Technology:WellCard Savings Announces CoPatient Medical Bill Review Service for Members 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 3BioPlus Specialty Pharmacy Promotes Dr. Nick Maroulis to Vice President of Specialty Pharmacy Services 2Bina Technologies is acquired by Roche. 2Bina Technologies is acquired by Roche. 3
... Germany, April 17 Occlutech GmbH, the leading,European manufacturer ... recent news release., In a news release dated ... from AIPPI the European "Association for the Protection,of Intellectual ... European IP held by AGA Medical., AIPPI has ...
... Promise, MONTREAL, April 17 /PRNewswire-FirstCall/ - ProMetic ... compounds in preclinical,studies for prostate and pancreatic cancer ... Meeting 2008 being held in San Diego this,week., ... presented in poster,sessions as follows:, Dr. Mouna ...
... world,s leading,online bioscience job board community and life ... IBC Life Sciences whereby BioSpace will,produce a Life ... Discovery,& Development of Innovative Therapeutics World Congress (DDT) ... will be marketed and promoted to the 500,000 ...
Cached Biology Technology:Occlutech Clarifies Statement Regarding Favourable Opinion Obtained From AIPPI With Regard to Patents Held by AGA Medical 2ProMetic presents preclinical data for prostate and pancreatic cancer at the AACR Meeting 2ProMetic presents preclinical data for prostate and pancreatic cancer at the AACR Meeting 3BioSpace and IBC Life Sciences Announce Career Fair Alliance For Drug Discovery & Development of Innovative Therapeutics World Congress 2BioSpace and IBC Life Sciences Announce Career Fair Alliance For Drug Discovery & Development of Innovative Therapeutics World Congress 3
(Date:12/10/2014)...  Valencell, a leader in performance biometric data sensor ... from its licensees for highly accurate, clinically validated biometric ... coming from fitness and health sectors, but first responders/military ... is only as useful as the biometric data it ... in long-term mass consumer adoption of wearable products," said ...
(Date:12/10/2014)... , Dec. 08, 2014 Research and Markets ... addition of the "Biometrics Market in Japan ... http://photos.prnewswire.com/prnh/20130307/600769 The ... such as rural banking and upgradation of the ... witnessed in the market. Besides the aforementioned projects, ...
(Date:12/5/2014)... 2014  Tute Genomics, a leader in cloud-based solutions ... A1 funding led by UK-based Eurovestech. Peak Ventures and ... investment round. "We are at a pivotal ... sequencing and seeks new approaches for the diagnosis, treatment ... MD MBA, and CEO of Tute Genomics. "One of ...
Breaking Biology News(10 mins):Wearable Technology Products Demand Highly Accurate Biometric Technology 2Biometrics Market in Japan 2014-2018: Key Vendors are DDS, Fujitsu, Hitachi and NEC 2Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine 2Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine 3
... marine sediments hold clues about Arctic climate variation during ... on reconstructions of Arctic climate variability in the greenhouse ... that man-made global warming probably would not greatly change ... climate variability such as the El Nio ...
... This release is available in German . ... to establish nine new Research Units. This decision was taken ... The new groups are intended to provide researchers with the ... and to develop new research strategies. Like all ...
... 11, 2011 -- The daughters of rats who took folic ... breast cancer rates twice as high as other rats, according ... developed them at a faster rate, according to the study ... Hospital in Toronto. Kim stressed more research needs to be ...
Cached Biology News:Arctic climate variation under ancient greenhouse conditions 2Arctic climate variation under ancient greenhouse conditions 3DFG establishes 9 new research units 2DFG establishes 9 new research units 3DFG establishes 9 new research units 4DFG establishes 9 new research units 5DFG establishes 9 new research units 6DFG establishes 9 new research units 7Offspring of female rats given folic acid supplements develop more breast cancer 2
... Labeling Kit with CyScribe GFX Purification ... and purification of Cy3- and Cy5-labeled ... complete cDNA labeling and purification.Flexible and ... performing labeling reactions with either Cy3- ...
... CyScribe Post-Labeling Kit with CyScribe GFX ... generation and purification of Cy3- and ... for complete cDNA labeling and purification.Flexible ... for performing labeling reactions with either ...
Collected from sexually mature, mixed sex, mixed breed dogs. Serum from specific breeds available by request....
UV-NIR light source for USB2000, HR4000, HR2000+...
Biology Products: