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Zhongpin Achieves Double-Digit Growth in Revenue

by 5m Editor
5 May 2011, at 1:22am

CHINA - Zhongpin Inc has published its 2011 Proxy Statement and its Chairman's annual letter, which includes the announcement of double-digit growth in revenues, net income and earnings per share in 2010.

Zhongpin Inc., a leading meat and food processing company in the People's Republic of China, has announced that its 2011 proxy statement and Chairman's annual letter to shareholders are available in the investor relations section of its web site.

The Chairman's letter to shareholders is available in the 2010 annual report to shareholders. Zhongpin is following the US Securities and Exchange Commission's rules for 'notice and access' of annual meeting related materials, and making its 2011 proxy statement and 2010 annual report to shareholders available to shareholders at a specific web site for electronic voting, the address of which is being mailed to shareholders of record as of the close of business on 20 April 2011.

Zhongpin's annual meeting of stockholders will be held at its representative office located at Room 605A, Tower A, Raycom Info Tech Park, No. 2 Kexueyuan South Road, Haidian District, Beijing, People's Republic of China 100190, on 15 June 2011, beginning at 10:00 a.m. local time.

In the letter to shareholders, Mr Xianfu Zhu, Chairman, President and Chief Executive Officer of Zhongpin Inc., wrote: 'In fiscal 2010, we marked the third anniversary of our NASDAQ listing by presiding over the opening bell ceremony in New York's Times Square. In addition to this symbolic milestone, we made substantial progress in an ongoing programme of business expansion that is fundamental to our strategy of becoming a dominant national brand in pork and pork products. Our double-digit growth in revenues, net income and earnings per share in 2010 reflected the impact of added capacity as well as a rebalancing of our product lines to reflect the increasingly diversified demands of Chinese consumers.'

Further Reading

- You can view the full letter from Mr Xianfu Zhu, Chairman, President, and Chief Executive Officer of Zhongpin Inc. to the shareholders by clicking here.