Chinese meat processor Zhongpin today (11 May) hailed “solid” first -quarter results as expanded production capacity boosted revenues.


The company booked a 41.5% rise in revenues to US$153.8m during the three months to the end of March. Net income climbed by almost 34%, reaching $9.7m.


Zhongpin CEO Xianfu Zhu said the group’s higher capacity had helped it meet demand during the Chinese New Year.


“Historically, consumers increase their consumption of pork products during the Chinese New Year holidays resulting in a strong seasonal demand for pork in the first quarter,” Zhu said.


“Our ability to quickly ramp up capacity utilization at our newly added facilities enabled us to achieve double-digit growth in revenue and improved profitability, both on a year-over-year and sequential basis.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Zhongpin plans to spend some $93.5m on its capital infrastructure this year, with projects including a new pork production facility in Tianjin and a prepared meat site in Changge.


The company stuck to its annual sales target of $780-810m and fully diluted earnings per share of $1.50-1.63.