Double sinks express full push to restructure

As a result of restructuring to inject assets Jiyuan Food Co., Ltd. was involved in the "lean meat fine" incident and suspended one months of dual-exchange development to meet the market test. The double sinks development 19th announcement to "lean meat fine" the incident influence and the countermeasure carries on the detailed explanation.　　According to the announcement, in March 2011, the incident is expected to affect the two-link group operating income of 1.36 billion yuan, which affects the development of two-way trading revenue of $1.34 billion; double sinks and the company will vigorously promote major asset restructuring, and depending on the progress of further investigation of Jiyuan, to maintain communication with the regulatory authorities. March revenue impaired 1.34 billion yuan notice that since March 15, Jiyuan double sinks have been production rectification, processing storage and recycling products estimated loss of 31 million yuan.　　Because of the impact of "lean meat fine" incident, some regions of the distribution of dual-exchange products shopping malls, supermarkets, special stores appear products under the situation, the double sinks group March 23 convened a national distributor conference, all over the gradual resumption of double sinks meat products and fresh frozen goods on sale. At present, the double sinks group and the company is actively taking measures, the product has been on the shelves of sales, the market to good, stable production, sales scale gradually increased. The company currently fresh frozen goods daily shipments of more than 1500 tons, has been restored to the March 2011 the average daily shipments of 89%, meat day shipments of more than 3,200 tons, has been restored to March the average daily shipments of 71%;　　Recovered to 72% of the average daily recovery from the previous half month of March. The bulletin also said that Jiyuan products in Henan Province quality supervision system carried out by the inspection and Jiyuan government inspections, have not detected "lean meat essence"; As at March 31, the group had received 338 product inspection reports from government law enforcement agencies nationwide on 20 subsidiaries, and the report showed that the chilled meat and meat products were not detected.　　Lean meat fine. " A slowdown in the first quarter of the company's 2010 Annual report will be released on April 29, the incident occurred in March 2011, so will not affect the company's 2010 financial report. According to the two-link development announced on the same day 2010 performance letters, the company last year to achieve business income of 36.749 billion yuan, an increase of 29.62% per cent, achieve net profit of 1,089,280,000 yuan, an increase of 19.61%. Basic income of 1.7975 yuan per share.　　The company produced 914,500 tons of high and low temperature meat products in 2010, an increase of 7.77%, slaughter of pigs 3.5296 million, up 7.43%. The development also said that the incident to the company in the first quarter of 2011 production and operation caused a certain impact. The company expects to achieve a net profit of 265 million to 270 million yuan in the first quarter attributable to the shareholders of the listed company, increasing by 10% to 12.5% per cent compared with the same period last year (the retroactive adjustment of the 9 companies ' data on repurchase by the Enterprise Accounting Standards), which increased by 20% to 22.7% To achieve basic earnings per share of 0.4373-0.4455 yuan/share. First quarter netThe profit growth rate has declined compared with the normal level of the previous period. To push forward the asset restructuring market the parties are most concerned about whether this "lean meat" incident will affect the double sinks in the ongoing major asset restructuring. In a 19th announcement, the BIS development said that the Jiyuan group and the company would do their utmost to promote major asset restructuring and maintain communication with the regulatory authorities, depending on the progress of the further investigation of the two sinks.　　At the same time, the company will take positive measures to resume production and operation, and depending on the relevant recovery of the incident to the impact of this major asset restructuring to be injected assets evaluation value. According to the reorganization plan announced by the company, the valuation value of double sinks is about $31.9 billion.　　On the double sinks November 29, 2010 after the release of the restructuring plan, the double sinks development stock price for 6 consecutive trading days out of the trading board, from 50.48 Yuan to the highest 96.44 yuan, the highest rise near 80%. Double sinks related person also said in several occasions, the reorganization of the main purpose is to solve the related transactions and competition, and further improve the corporate governance structure, the occurrence of the "lean meat" incident with the reorganization is not directly linked to the general direction of reorganization will not be changed. Responsible Editor: NF045