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The report divides three parts. The first part introduces company profile like background and shareholders;
During Q1-Q3, 2009, its operating revenue reached RMB506 million, up 22.2% yr-on-yr; and the operating profit decreased by 29.86% from the same period of last year to RMB30 million. In Jul.-Sep., 2009, its operating revenue and profit got to RMB207 million and RMB12 million respectively, up 75.45% yr-on-yr and 55.37% yr-on-yr.
The substantial growth in its operating revenue was mainly due to its dramatic increase in aquatic products export in the third quarter. However, the loss caused by two IPO projects, ULO (ultra-low-oxygen)
However, its revenue and operation capability rebounded strongly in Q3, which benefited from the recovery of aquatic products processing export driven by the resuming foreign economy. In the fourth quarter, the peak season for aquatic products export, both of its operation revenue and profit increased rapidly.
Seen from the situation in Q4, the two IPO projects that had dragged the performance in the first three quarters would turn better. Firstly, winter is the peak season for ice cream sale in Northeast China, so its ice cream business is likely to reduce loss in Q4. Secondly, the ultra-low oxygen transfer tanks would carry counter-season sales, so it is with great possibility to make a contribution to profit.
Table of Contents
1 Company Profile
2 Development
2.1 Industry Development
2.2 Corporate Development
2.2.1 Recorded Operating Results
2.2.2 Operating Performance in 2007
2.2.3 Operating Performance in 2008
2.2.4 Operating Performance in 2009
2.3 Risks
3 Future Market Forecast
3.1 Domestic Market
3.2 Overseas Market
Selected Charts
Equity and Control Relation between Company and Actual Controllers
Share-holding of Tianbao’s Top Ten Shareholders, by Jun, 2009
Operating Revenue of Dalian Tianbao Green Foods, 2005-1H2009
Operating Revenue of Dalian Tianbao Green Foods at home and Abroad, 2007-1H2009
Total Profit of Dalian Tianbao Green Foods, 2005-1H2009
Net Profit of Dalian Tianbao Green Foods, 2005-1H2009
Net Profit Growth Rate of Dalian Tianbao Green Foods, 2006-2008
Ratio of Tianbao Operating Revenue by Industry, 2007
Ratio of Tianbao Operating Revenue by Product, 2007
Ratio of Tianbao Operating Revenue by Industry, 2008
Ratio of Tianbao Operating Revenue by Product, 2008
Ratio of Tianbao Operating Revenue by Industry, 1H2009
Ratio of Tianbao Operating Revenue by Product, 1H2009
Global Output of Aquatic Products, 2010 (forecast)
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