Weifang Yuhe Poultry Co. Ltd. and Weifang Taihong Feed Co. Ltd. (Taihong), the two operating subsidiaries of Yuhe International, showed strong gains in the first quarter ending March 31, according to a company release.
Revenue for the first quarter of this year was $10.9 million, up 320.6% compared with the same period in 2008. As of March 31, 2009, Yuhe had $18.1 million in cash and cash equivalents, up from $13.4 million at December 31, 2008.
The company has forecast $50 million in revenues and $13 million in net income with an expected sales volume of 110 million day-old breeders.
