Flooding caused part of the production to be suspended

Fengyuan Biochemical (quotes, information) today announced that due to the recent heavy rain in the Huaihe River Basin, the Huai River flood risk, along the part of the Huai River floodingCompany lysine and MSG production part of the work section of serious flooding, normal production and operation has been seriously affectedIn addition, due to the fierce competition in the market for lysine and MSG products, the sharp rise in corn prices has also contributed to a sharp increase in the production costs of the productTo avoid further losses, the company decided to temporarily halt the production of lysine and MSGWill do a good job of flood prevention and production equipment testing and maintenance, in order to resume production to do a full preparation, while actively contacting insurance companies claims matterscompany amino acid products in 2006 to achieve sales revenue of 446 million yuan, accounting for 10.14% of the company's main business revenue, gross margin of 2.39%, the impact on the company's profit is smallAt present, the company in addition to lysine and MSG production lines suspended production, other production lines are normal productionThe board of directors and management of the company will do their utmost to resolve the difficulties encountered by the company in the shortest possible time and to resume production of lysine and MSG production linesNBDFengyuan Biochemical (quotes, information) announced today, due to the recent heavy rain in the Huaihe River Basin, the Huai River flood risk, along the Part of the Huai River floodingCompany lysine and MSG production part of the work section of serious flooding, normal production and operation has been seriously affectedIn addition, due to the fierce competition in the market for lysine and MSG products, the sharp rise in corn prices has also contributed to a sharp increase in the production costs of the productTo avoid further losses, the company decided to temporarily halt the production of lysine and MSGWill do a good job of flood prevention and production equipment testing and maintenance, in order to resume production to do a full preparation, while actively contacting insurance companies claims matterscompany amino acid products in 2006 to achieve sales revenue of 446 million yuan, accounting for 10.14% of the company's main business revenue, gross margin of 2.39%, the impact on the company's profit is smallAt present, the company in addition to lysine and MSG production lines suspended production, other production lines are normal productionThe board of directors and management of the company will do their utmost to resolve the difficulties encountered by the company in the shortest possible time and to resume production of lysine and MSG production lines NBD (wangln)