Aoxin Tianli Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 28, 2018 at 11:10 am
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Aoxin Tianli Group, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 5.707 million compared to USD 6.790 million a year ago. Operating loss was USD 733,496 compared to operating Income of USD 366,015 a year ago. Net loss was USD 2.573 million compared to net income of USD 385,206 a year ago. Basic loss per share was USD 0.32 compared to basic earnings per share of USD 0.05 a year ago.
For the nine months, sales was USD 19.116 million compared to USD 19.693 million a year ago. Operating loss was USD 1.131 million compared to operating Income of USD 449,826 a year ago. Net loss was USD 2.933 million compared to net income of USD 482,722 a year ago. Basic loss per share was USD 0.37 compared to basic earnings per share of USD 0.06 a year ago.
BIQI INTERNATIONAL HOLDINGS formerly CORPRenmin Tianli Group, Inc., is a holding company. The Company is engaged in hog farming. The Company conducts its hog breeding operations through Wuhan Fengze Agricultural Science and Technology Development Co., Ltd. (Fengze), a subsidiary of Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd., its wholly foreign owned enterprise, or WFOE, and its subsidiaries, Hubei Tianzhili Breeder Hog Co., Ltd. (Tianzhili), and Hubei Tianzhili (Hefeng) Breeder Hog Co., Ltd (Hefeng). The Company operates in two segments: Hog Farming and Retail. It utilizes various purebred hogs at its farms. The primary purebred varieties that it utilizes are the Yorkshire, Landrace and Duroc. It breeds both purebred and cross-bred hogs in order to attain desirable traits in the hogs produced in its farms. It is engaged in the sales of specialty processed black hog meat through the Internet. It sells its products under its Xiduhei trademark.
BIQI INTERNATIONAL HOLDING CORPORATION 
