Plum Bio Half-Year Net Profit Increases by Nearly 20%

Meihua Bio report shows that the company achieved operating income of 5.421 billion yuan in January-June 2016, down 11.99 percent year-on-year, the average operating income of the food processing and manufacturing industry increased by 10.88 percent, and the company's operating income increased by 5.09 percent in the previous quarter;yhT
In terms of feed additives, compared with the end of 2015, the price of products fluctuated upward, corn and other raw materials prices fell unilaterally, production costs significantly reduced, soybean meal price low rebound led to the growth of lysine and sulnine use, feed consumption improved, amino acid demand significantly improved, in addition to the continued depreciation of the RMB and the impact of the suspension of production of competitive enterprises, the number of domestic exports increased significantly year-on-yearIn terms of food additives, especially msg industry, in the market competition, industry policy and other factors have experienced a number of industry integration, while the state on the new capacity of the delivery requirements are very strict, leading enterprises by virtue of raw material cost advantages and economies of scale advantages have a strong voice, the industry pattern is relatively stable, MSG price increase expectations have always existedDue to the price adjustment of MSG, I-G (nucleotide) at the end of 2015, the price bottom has been running for a longer period of time, in the first half of 2016, the price of the above-mentioned food additives gradually rebounded, while with the decline of the main raw material corn cost makes the gross profit margin of food additives gradually riseNew corn is coming soon in October, corn prices are expected to continue to come under pressure, and the cost side will continue to benefitIn addition, under the control of the country's new environmental protection inspection policy, some of the industry's environmental protection facilities are not sound enterprises face environmental pressure, these will give the company's future development to provide more spaceyhTPlum Biology reported that the Company achieved operating income of RMB5.421 billion in January-June 2016, down 11.99 percent YoY, while the average operating income of the food processing and manufacturing industry increased by 10.88 percent, while the Company's operating income increased by 5.09 percent yoy in the previous quarter;yhT
In terms of feed additives, compared with the end of 2015, the price of products fluctuated upward, corn and other raw materials prices fell unilaterally, production costs significantly reduced, soybean meal price low rebound led to the growth of lysine and sulnine use, feed consumption improved, amino acid demand significantly improved, in addition to the continued depreciation of the RMB and the impact of the suspension of production of competitive enterprises, the number of domestic exports increased significantly year-on-yearIn terms of food additives, especially msg industry, in the market competition, industry policy and other factors have experienced a number of industry integration, while the state on the new capacity of the delivery requirements are very strict, leading enterprises by virtue of raw material cost advantages and economies of scale advantages have a strong voice, the industry pattern is relatively stable, MSG price increase expectations have always existedDue to the price adjustment of MSG, I-G (nucleotide) at the end of 2015, the price bottom has been running for a longer period of time, in the first half of 2016, the price of the above-mentioned food additives gradually rebounded, while with the decline of the main raw material corn cost makes the gross profit margin of food additives gradually riseNew corn is coming soon in October, corn prices are expected to continue to come under pressure, and the cost side will continue to benefitIn addition, under the control of the country's new environmental protection inspection policy, some of the industry's environmental protection facilities are not sound enterprises face environmental pressure, these will give the company's future development to provide more space yhT