date:May 26, 2014
China New Borun Corporation, a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the first quarter ended March 31, 2014.
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, I am delighted that we executed on our plans and delivered very strong first quarter financial results. Driven by greater sales volume and a firm average selling price of our products, revenue grew 39% year-over-y