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Beijing Dabeinong Technology Group Co (SHE: 002385), a leading feed and seed producer, is engaged in the production and distribution of animal health products, including premix feed, concentrated feed and compound feed used to breed livestock. Its seed products include rice and corn. The company distributes in domestic as well as overseas markets.
The Beijing-based company posted ¥5.25 billion in revenues and ¥311.23 million in net profits for 2010, up from ¥3.98 billion in revenues and ¥278.75 million in net profits respectively from the year before. In 2010; it sold 1.25 million tons of feed fetching ¥4.58 billion, up 31.6% and 35.8% respectively from 2009; revenue from eastern China accounted for 42.6% of total revenue and overseas revenue accounted for 0.07% of total revenue. The company had 9,164 employees and $4.04 billion in total assets as of December 31, 2010.
Dabeinong was incorporated in 1994 and listed in Shenzhen in 2010.
$1 = ¥6.37
@2011 China Economy @ The China Perspective.
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