DGAP-News: CBF China Bio-Fertilizer AG remains confident despite facing continuation of difficult market situation
(firmenpresse) - DGAP-News: CBF China Bio-Fertilizer AG / Key word(s): Quarter Results
CBF China Bio-Fertilizer AG remains confident despite facing
continuation of difficult market situation
11.06.2012 / 13:13
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PRESS RELEASE
CBF China Bio-Fertilizer AG remains confident despite facing continuation
of difficult market situation
Hamburg, Germany, 11 June 2012 - CBF China Bio-Fertilizer AG, the market
leader for bio fertilizer in China keeps facing a continuous challenging
environment as a result of losses suffered by high-value crop farmers in
China since the second half of 2011. In Q1 2012, the company's operating
subsidiary Shandong Chengwu Jiuzhou Science and Technology Development
Company recorded revenues of RMB 16.2 million (2.0 million EUR) and gross
profit margin of 63%. Although revenues recorded decreased by 28.6% as
compared to the same period last year (Q1 2011: RMB 26.2 million/ EUR2.8
million), this result simply reflects the continuation of the difficult
environment carried forward from 2011 and it is similar to the revenues
recorded in the last quarter (4Q 2011: RMB17.3 million/ 1.92 million EUR).
'Despite the continuation of the difficult market situation, the company
will apply some measures to deal with the problem,' comments Tao JIANG, CEO
of CBF Bio-Fertilizer AG. 'Apart from adjusting the competitiveness of our
products to suit both high-value crop and lower-value crop farmers, we are
now negotiating with several third parties for exploration of different
options to expand our sales network both in domestic and overseas markets.
We are confident to raise our sales figures in the near future.' A detailed
outlook will be published in the annual report which will be released in
the next weeks.
Bacteria-based biological fertilizer
CBF's bio fertilizer primarily consist of two different bacteria that, when
put in the ground with the conventional fertilizers convert phosphorus and
potassium into a form that is easily absorbed by plants. Using this bio
fertilizer reduces the need for chemical fertilizers by up to 30% and,
depending on the type of plant, boosts crop yields by up to 30%.
Financial calendar 2012:
Publication of the annual report: June 2012
Annual General Meeting: August, 2012
Publication Q3 figures: October, 2012
About CBF China Bio-Fertilizer AG
CBF China Bio-Fertilizer AG ('CBF') produces and distributes bio fertilizer
through its operating subsidiary in China. Based on its own estimates, the
company is the market leader in the Chinese market for bio fertilizer. Its
products reduce the use of conventional fertilizers and simultaneously
boost crop yields. CBF is licensed by the Ministry of Agriculture of the
People's Republic of China.
The operating subsidiary of CBF 'Shandong Chengwu Jiuzhou Science and
Technology Development Company Limited' was founded in Shandong Province,
China, in 2005, with a view to exploiting biotechnological processes for
agriculture. After three years of development work, in May 2009 the company
launched its first bio fertilizer product based on microorganisms in the
Chinese market under the brand name 'Xin Sheng Li'. At present CBF
distributes its bio fertilizer in eleven of 26 Chinese provinces. The
company intends to expand to further provinces. CBF currently sells its
fertilizer directly tomajor agricultural cooperatives, plantations and
wholesalers in China.
For more information, please contact:
UBJ. GmbH
Stefan Fritz, Tel.: +49 (0)40 6378 5410, stefan.fritz(at)ubj.de
or go to www.chinabiofertilizer.com
End of Corporate News
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11.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: CBF China Bio-Fertilizer AG
Schopenstehl 22
20095 Hamburg
Germany
E-mail: hwong(at)chinabiofertilizer.com
Internet: www.chinabiofertilizer.com
ISIN: DE000A0AFEV5
WKN: A0AFEV
Listed: Entry Standard in Frankfurt
End of News DGAP News-Service
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173468 11.06.2012
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Datum: 11.06.2012 - 13:13 Uhr
Sprache: Deutsch
News-ID 154922
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