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Air Max In Red

Air Max In Red

Air Max In Red

´╗┐China New Borun Announces Second Quarter 2014 Unaudited Financial Results

Air Max In Red

Air Max In Red

Air Max In Red

and distributor of corn based edible alcohol sold as an ingredient to producers of baijiu, a popular grain based alcoholic beverage in China. The Company also produces DDGS Feed, liquid carbon dioxide and crude corn oil as by products of edible alcohol production, and CPE and foam insulation that are widely used in chemical industries. China New Borun is based in Shouguang, Shandong Province.All statements included in this press release, other than statements or characterizations of historical fact, are forward looking statements. These forward looking statements are based on our current expectations, estimates and projections about our industry, management beliefs, and certain assumptions made by us, all of which are subject to change. Forward looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar Nike Air Max 95 Ultra Jacquard Men's Shoe

expressions, and variations or negatives of these words. These forward looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward looking statement.This press release contains translations of certain Renminbi amounts into US dollars at specified rates solely for the Air Max In Red convenience Air Max 95 Essential Grey

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Information contained on this page is provided by an independent third party content provider. WorldNow and this Station make no warranties or representations in connection therewith.BEIJING, Aug. 21, 2014 /PRNewswire/ China New Borun Corporation (NYSE: BORN; "Borun" or the "Company"), a leading producer and distributor of corn based edible alcohol in China, today announced its unaudited financial results for the second quarter of 2014.Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "Although demand and average selling price for edible alcohol were solid in the first half of the second quarter, the market encountered an unexpected sharp drop nation wide in demand and average selling price this June. As a result, even though we recorded revenue growth at the high end of our second quarter guidance on better than expected volume shipment, our gross profits contracted year over year.""Despite the challenging month of June, we continued to make progress in ramping up our chlorinated polyethylene ("CPE") and foam insulation businesses. During the quarter, we successfully scaled our CPE plant to full production capacity and grew total revenue from CPE and foam insulation by 47% sequentially to RMB23.4 million. It is worth noting that the new business has surpassed its gross breakeven point during the second quarter, and therefore we anticipate incremental positive contributions to profitability from the new business in the months ahead," Mr. Wang concluded.About China New Borun CorporationChina New Borun Corporation (NYSE: BORN) is a leading producer Air Max 95 Jcrd

Air Max In Red

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Air Max In Red

of readers. Unless otherwise noted, all translations from Renminbi to US dollars for the period ended June 30, 2014 were made at a rate of RMB6.1528 to USD1.00, the rate published by the People Bank of China on June 30, 2014. China New Borun Corporation makes no representation that the Renminbi or US dollar amounts referred to in this press release could have been or could be converted into US dollars or Renminbi, at any particular rate or at all.

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