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China Kanghui Holdings Reports Third Quarter 2011 Financial Results
Date:11/9/2011

ngsConsolidated Statements of OperationsExpressed in thousands, except share and per share dataThree Months Ended September 30,Nine Months Ended September 30,2010201120102011RMB

RMB

US$RMB

RMB

US$Unaudited

Unaudited

UnauditedUnaudited

Unaudited

UnauditedNet revenue63,599

80,659

12,646170,469

230,392

36,123Cost of revenue

(17,898)

(22,145)

(3,472)(51,326)

(65,113)

(10,209)Gross profit45,70158,5149,174119,143165,27925,914Operating expensesSelling expenses

(5,470)

(8,261)

(1,295)(16,957)

(26,999)

(4,233)General and administrative expenses

(6,150)

(10,664)

(1,672)(21,009)

(35,212)

(5,521)Research and development costs

(1,726)

(3,218)

(505)(3,758)

(6,519)

(1,022)Operating income32,35536,3715,70277,41996,54915,138Interest income

1,207

6,295

9871,857

10,543

1,653Government grants

330

-

-360

3,190

500Other income

34

941

147478

1,934

303Other expenses

(36)

(970)

(152)(313)

(1,878)

(294)Foreign exchange loss

(2,900)

(2,783)

(436)(3,081)

(8,124)

(1,274)Income before income taxes30,99039,8546,24876,720102,21416,026Income tax expense

(4,342)

(11,108)

(1,742)(4,542)

(23,869)

(3,742)Net income26,64828,7464,50672,17878,34512,284Net loss attributable to non-controlling interests

-

139

22-

388

61Net income attributable to China Kanghui Holdings26,64828,8854,52872,17878,73312,345Accretion of redeemable convertible preferred shares:Series A

(1,483)

-

-(7,572)

-

-Series B

(10,977)

-

-(54,988)

-

-Series B-1

(567)

-

-(2,844)


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SOURCE China Kanghui Holdings
Copyright©2010 PR Newswire.
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