DaChan Food 3999

DaChan Food 3999

Postby winston » Mon Jul 21, 2008 8:48 am

DaChan Food to gobble up processors
LisaYu; Monday, July 21, 2008

DaChan Food (Asia) (3999), already one of the largest poultry processors in the mainland, said it aims to further increase its market share in chicken meat production through acquisitions and expanding capacity.

"We hope to have 500 million to 600 million chickens slaughtered a year by 2015," said chairman Mark Han Jia-hwan. "We plan to acquire about two medium-sized chicken meat production companies each year."

For 2008, the company aims to process 130 million chickens, up 15 million from last year. It is the largest raw chicken meat supplier to KFC in the mainland.

DaChan, which also manufactures and markets livestock feed, plans to buy chicken meat production lines with an annual capacity of 20 million chickens slaughtered and expand their yearly capacity to 30 million, Han said. "This strategy can help expand the company while saving the costs of getting licenses," he said.

The company is also targeting to achieve a gross profit margin of 8 to 11 percent in feeds and 20 to 25 percent in processed foods next year. Han said the firm expects to achieve a 8.7 percent gross profit margin this year. It posted a 8.5 percent margin last year, and 8.7 percent in the 2008 first quarter.

Revenues from processed foods accounted for less than 10 percent of total turnover last year. Han said he wants to expand this segment through new projects in Shandong, Tianjin, and northeast China.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: DaChan Food 3999

Postby winston » Sat Aug 23, 2008 7:44 am

Not vested.

Profit dips at China's largest chicken-meat producer

Beijing-based DaChan Food Asia (3999) said its net profit during the first half fell 4.11 percent to HK$16.1 million, from a year ago, despite turnover rising 62.99 percent to HK$639 million.

The country's largest chicken-meat processor said the significant rise in chicken meat prices, its principal raw material, and a stronger yuan made the first half a difficult period especially for its export business.

However, on back of the fast growing economy, the firm plans to prudently expand existing production facilities and double its slaughtering capacity to 300 million chickens by the end of 2009.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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