Shun Xin Agriculture in the first three quarters in advance 50%-100%

Source: Internet
Author: User
Shun Xin Agriculture (000860) bulletin, the company estimated the first three quarter net profit of about 222 million yuan-262 million yuan, the year-on-year growth of 50%-100%, the basic earnings per share of about 0.51 yuan-0.60 yuan. For the first three quarters of the reason for the increase in net profit, the company said that 2010 1-September company liquor sales increased significantly, while the proportion of high-end wine sales increase, resulting in higher average sales prices, profit growth is larger; Meanwhile, the company's overall sales cost of pork than last year, the company's profits increased;  1-September, the company's pig sales price year-on-year increase. However, the company said that because of the recent rise in food prices faster, making the company breeding costs, pig slaughter costs and liquor brewing costs. The increase in the cost of sales was higher than that of product sales, which slowed the July-September profit growth and slowed the company's overall profit growth in January-September.

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