China Animal Husbandry Industry Co. Ltd. released its semi-yearly report on August 28. During the reporting period, the company gained revenues totaling CNY2.09billion (US$327.9 million) up 32.12 percent year on year; the net profit of the shareholders was CNY145 million (US$22.75 million), down 4.82 percent from the same period compared with last year, according to STCN.
According to the report, in the first half of 2015, the outbreaks of animal diseases have been relatively stable while the animal husbandry industry has been at a cyclical low and has resulted in the decrease of the livestock on hand. These factors account for the change of revenues and profits of the company.
China Animal Husbandry Industry is also under the influence of new management policies on animal vaccines and veterinary drugs by the government as well as more rivals coming to the domestic market with similar products.
Founded on December 25, 1998, China Animal Husbandry Industry Co. Ltd. is the largest animal health product manufacturer, one of the key manufacturers of feed additives and one important member company of China National Agricultural Development Group Co. Ltd. (CNADC) — the only central agricultural enterprise directly supervised by State-Owned Assets Supervision and Administration Commission of the State Council (SASAC).
