On March 28th, China Agri-Industries Holdings Limited (HK.00606) hosted Board Meeting and released 2017 annual results in Hong Kong.
In 2017, China Agri-Industries continued with its sound momentum of business operation and significantly improved its performance contribution, generating revenue of HKS 99.181 billion (+11.2% yoy) and setting a record high with net profit of HKS 3.042 billion for its parent company right-owners. China Agri-Industries has actively seized the market development opportunities brought about by consumption upgrade, identified and clarified its strategic positioning, focused on core business segments, intensively cultivated brand development, and achieved breakthroughs in its strategic transformation. Based on the characteristics of its core business segments, it has established two platforms – oils and grains – to strengthen professional operation, stimulate business vitality and enhance its competitive edges.
In 2018, China Agri-Industries will further optimize operating system of business value chain, consolidate resources, and contribute to the growth of core business segments such as rice, wheat and oils. Guided by market demand, it will implement its plan to invest in capacity expansion and branding initiatives in an orderly manner, increase the supply and salability of high value-added products, raise market share, expand the room for product profitability, make effort to elevate the scale and market standing of core business segments to new height, and seek to deliver more stable results and returns.
