The Corn Oil Brand West King Wins 200 Million Rmb of Net Profit

In early 2010 , the large corn oil producer West King Group acquired 132 million yuan in cash to promote its development in all related stock movements.

In assets and liabilities , the West King Jinde Group 5268 million shares issued for the acquisition of 100% equity interest in Xiwang Food Xiwang Group held by the purchase price of 781 million yuan , after the completion of the reorganization , Xiwang Group of Gold German development of direct and indirect stake to 52.08 percent , Xiwang Group also promised Xiwang food 2010-2013 forecast net profit of not less than 81.01 million yuan , 94.73 million yuan , 107.44 million yuan and 118.99 million yuan. The report shows that in 2010 the market share and sales revenue significantly improve the company's products , sales of small package corn oil increased dramatically. During the reporting period , the company achieved a small package corn oil product revenue 487 million yuan , an increase of 163.77% . Meanwhile, sales of the company in bulk CORN OIL products also gained steady growth, achieving revenue 501 million yuan , an increase of 14.42% .

For the future developments, the company said , to seize the corn oil industry high growth opportunities, to meet the different needs of consumers, the company will expand the 150,000 tons of small packaging items , and constantly improve the product structure. And in order to ensure the supply of raw materials. Fluctuations in raw material prices reduce the impact on profits, so the company intends to complete the new 100,000 tons of crude oil storage tanks when purchasing a certain amount of low-priced crude oil for storage to supply for future production. For more information, please visit: http://www.wintone-machinery.com