This guidance is based on several assumptions and strategies that include: -- Continuation of China's policies designed to stimulate domestic consumption and economic growth; -- Higher average pork prices in China's pork industry in 2010 than in 2009; -- Higher sales volume of our pork products, led by chilled pork products, followed by prepared pork products and frozen pork products; -- A higher percentage of sales from our higher-margin chilled pork and prepared pork products; -- Average capacity utilization of about 75 percent for pork products; -- Increasing distribution efficiencies from expansion of our cold-chain logistics system and service areas; -- Growing awareness of the Zhongpin brand in regional markets and emerging brand awareness across China; and -- Continuation of the Chinese government's support and subsidies for producers of agricultural products, such as Zhongpin.
Zhongpin believes that
Zhongpin Inc. is a meat and food processing company that specializes in
pork and pork products, vegetables, and fruits in
Safe harbor statement
The statements in this news release regarding our guidance for the year
2010 and the underlying assumptions and strategies are forward-looking
statements made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Zhongpin has based these forward-looking
statements largely on its current expectations and projections.
Forward-looking statements involve inherent risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. For example, many of Zhongpin's assumptions about
You are cautioned not to place undue reliance on those forward-looking statements, which are qualified in their entirety by this cautionary statement. All information provided in this news release is as of the date of this news release. Zhongpin does not undertake any obligation to update any forward- looking statement as a result of new information, future events, or otherwise except as required by law.
For more information, please contact: Zhongpin Inc. Mr. Sterling Song (English and Chinese) Investor Relations Manager Tel: +86-10-8286-1788 x101 in Beijing Email: firstname.lastname@example.org Mr. Warren (Feng) Wang (English and Chinese) Chief Financial Officer Tel: +86-10-8286-1788 x104 in Beijing Email: email@example.com Christensen Mr. Yuanyuan Chen (English and Chinese) Mobile: +86-139-2337-7882 in Beijing Email: firstname.lastname@example.org Mr. Tom Myers (English) Mobile: +86-139-1141-3520 in Beijing Email: email@example.com Ms. Kathy Li (English and Chinese) Tel: +1-212-618-1978 in the USA Email: firstname.lastname@example.org
SOURCE Zhongpin Inc.