According to the 2014 earnings preannouncement recently issued by Huapont Nutrichem, in 2014, the company realized a total operating income of RMB4.921 billion, up 10.25% year on year; the operating profit was RMB527 million, up 37.03% year on year; the net profit attributable to listed company shareholders was RMB426 million, up 40.96% year on year; and the total profit was RMB541 million, up 38.37% year on year.

During the report period, the total assets of the company were RMB13.683 billion, up 78.51 % year on year; and the owner’s equity attributable to the parent company was RMB5.575 billion, up 46.17% year on year.

Currency: RMB Yuan

There are two main reasons for the significant growth in most operating indicators of the company in 2014 compared to those last year:

First, the company had a good state of operation, its sales grew steadily and its profitability continued to improve. Second, through private placement, the company acquired 100% stake of Shandong Fuer Co., Ltd. and Shandong Kaisheng New Materials Co., Ltd., which contributed to the growth in the operating profit and net profit of the company.