China’s second-largest day-old broiler breeder, Yuhe International Inc., announced record Q4 results with 212.4% growth in revenue to US$18.3 million and US$7.7 million in net income, according to a press release by the company. For the fiscal year 2008, revenue was US$34.6 million, up 56.9% on the year-over-year basis and the net income was US$10.5 million.
These results rested on the company’s increased productivity by expanding breeder farms. In 2008, the company built four new breeder farms bringing the total farm number to 14 and increasing the scale of production.
For the fiscal year 2009, Yuhe International Inc. is forecasting US$50 million in revenues and US$13 million in net income with an anticipated sales volume of 110 million day-old breeders.