China Feed Industry Report, 2011-2012
Fueled by the steadily growing demand from downstream breeding industry, the total feed output in China rose 4% YoY to 169 million tons, accounting for around 20% of the global total and ranking No. 1 in the world. The output of pig feed topped the list for 62.1 million tons, up 4% YoY. The poultry feed output enjoyed the fastest growth, with output soaring 5% YoY to 49.8 million tons in 2011. The aquatic feed and ruminant feed saw low output, but aquatic feed witnessed larger growth space.
Presently, China has around 13,000 feed companies, most of which are small ones, and over 20% of medium-sized feed companies have been acquired by large players. The top 10 feed manufacturers such as CP Group, New Hope Group, Wens, Zhenghong and TRS Group together occupy more than 30% market share by sales. In recent years, given that the giants continually increase their production capacity to expand the market, the concentration degree of feed industry in China will be enhanced as well. For instance, New Hope Group brought Liuhe into the listed company through asset integration in November 2011. After the reorganization, Liuhe contributes feed capacity of 9.45 million tons to the Group.
Additionally, Chinese enterprises are carrying out expansion in overseas market. The third feed mill invested by Tongwei Co., Ltd. in Vietnam successfully went into operation in June 2012. Haid Group, engaging in the production and sales of aquatic feed and aquaculture preparations, subscribed equities in Vietnam-based Panasia in December 2011, with shareholding ratio reaching 80% after the capital increase. New Hope Group plans to set up 8 feed plants overseas annually after 2011 which will boast capacity of 100,000-200,000 tons, and to double its overseas investment each year. Currently, 20 enterprises like New Hope, Tongwei Co., Ltd. Haid Group and Ningbo Tech-bank which have established plants in Vietnam make up 10%-15% market share in Vietnamese feed industry.
The report not only focuses on the operating environment, supply & demand, upstream & downstream industry chain and market competition pattern of Chinese feed industry, but also minutely analyzes the industry development trend, enterprise dynamics, as well as operation, feed business and development strategy of 16 feed companies.
As the feed industry follows the cost-plus pricing and the costs of major raw materials such as bean pulp, corn, wheat and additives are high, the feed industry suffers a low gross margin and the manufacturers boost efficiency through different modes of operation. Some enterprises take advantage of their large scale to boom effectiveness, such as New Hope which focuses on complete feed with low gross profit and has a low gross margin. Its gross margin got to only 5.7% in 2011, but its revenue from feed products registered as high as RMB44.58 billion, featuring a high profit level as a whole. Some enterprises enhance their profitability by the operation of products with high gross margin, and such companies include Ningbo Tech-bank engaging in high-end aquatic feed, and Dabeinong Group, Wellhope and China Animal Husbandry Industry specializing in concentrated feed.
Presently, China has around 13,000 feed companies, most of which are small ones, and over 20% of medium-sized feed companies have been acquired by large players. The top 10 feed manufacturers such as CP Group, New Hope Group, Wens, Zhenghong and TRS Group together occupy more than 30% market share by sales. In recent years, given that the giants continually increase their production capacity to expand the market, the concentration degree of feed industry in China will be enhanced as well. For instance, New Hope Group brought Liuhe into the listed company through asset integration in November 2011. After the reorganization, Liuhe contributes feed capacity of 9.45 million tons to the Group.
Additionally, Chinese enterprises are carrying out expansion in overseas market. The third feed mill invested by Tongwei Co., Ltd. in Vietnam successfully went into operation in June 2012. Haid Group, engaging in the production and sales of aquatic feed and aquaculture preparations, subscribed equities in Vietnam-based Panasia in December 2011, with shareholding ratio reaching 80% after the capital increase. New Hope Group plans to set up 8 feed plants overseas annually after 2011 which will boast capacity of 100,000-200,000 tons, and to double its overseas investment each year. Currently, 20 enterprises like New Hope, Tongwei Co., Ltd. Haid Group and Ningbo Tech-bank which have established plants in Vietnam make up 10%-15% market share in Vietnamese feed industry.
The report not only focuses on the operating environment, supply & demand, upstream & downstream industry chain and market competition pattern of Chinese feed industry, but also minutely analyzes the industry development trend, enterprise dynamics, as well as operation, feed business and development strategy of 16 feed companies.
As the feed industry follows the cost-plus pricing and the costs of major raw materials such as bean pulp, corn, wheat and additives are high, the feed industry suffers a low gross margin and the manufacturers boost efficiency through different modes of operation. Some enterprises take advantage of their large scale to boom effectiveness, such as New Hope which focuses on complete feed with low gross profit and has a low gross margin. Its gross margin got to only 5.7% in 2011, but its revenue from feed products registered as high as RMB44.58 billion, featuring a high profit level as a whole. Some enterprises enhance their profitability by the operation of products with high gross margin, and such companies include Ningbo Tech-bank engaging in high-end aquatic feed, and Dabeinong Group, Wellhope and China Animal Husbandry Industry specializing in concentrated feed.
1 DEFINITION AND CLASSIFICATION OF CHINESE FEED INDUSTRY
1.1 Definition and Classification
1.2 Industry Chain
2 DEVELOPMENT OF CHINESE FEED INDUSTRY
2.1 Operation
2.2 Policy Environment
3 FEED INDUSTRY CHAIN
3.1 Upstream Raw Materials
3.1.1 Bean Pulp
3.1.2 Fish Meal
3.1.3 Corn and Wheat
3.1.4 Additive
3.2 Downstream Breeding
4. DYNAMICS OF CHINESE FEED INDUSTRY
4.1 Competition Pattern
4.2 Overseas Expansion
4.2.1 Aquatic Feed Enterprises
4.2.2 Livestock Feed Enterprises
4.3 Development Trend of Chinese Feed Enterprises
5 KEY ENTERPRISES IN CHINA
5.1 New Hope Group (000876)
5.1.1 Profile
5.1.2 Operation
5.1.3 Revenue Structure
5.1.4 Gross Margin
5.1.5 Clients and Suppliers
5.1.6 Industry Chain Advantage and Overseas Investment
5.2 Zhengbang Technology (002157)
5.2.1 Profile
5.2.2 Operation
5.2.3 Revenue Structure
5.2.4 Feed Business
5.2.5 Gross Margin
5.2.6 Clients and Suppliers
5.2.7 Advantage and Investment Plan
5.3 Tangrenshen Group (002567)
5.3.1 Profile
5.3.2 Operation
5.3.3 Revenue Structure
5.3.4 Feed Business
5.3.5 Gross Margin
5.3.6 Clients and Suppliers
5.3.7 Development Strategy
5.3.8 Development Advantage
5.4 Dabeinong Technology (002385)
5.4.1 Profile
5.4.2 Operation
5.4.3 Revenue Structure
5.4.4 Gross Margin
5.4.5 Feed Business
5.4.6 Clients and Suppliers
5.4.7 Development Strategy
5.5 Wellhope Agri-Tech
5.5.1 Profile
5.5.2 Operation
5.5.3 Revenue Structure
5.5.4 Feed Business
5.5.5 Gross Margin
5.5.6 Cost Analysis
5.5.7 Fundraising Project
5.6 Ningbo Tech-bank (002124)
5.6.1 Profile
5.6.2 Operation
5.6.3 Revenue Structure
5.6.4 Feed Business
5.6.5 Gross Margin
5.6.6 Clients and Suppliers
5.6.7 Development Strategy
5.7 China Animal Husbandry Industry (600195)
5.7.1 Profile
5.7.2 Operation
5.7.3 Revenue Structure
5.7.4 Feed Business
5.7.5 Gross Margin
5.7.6 Clients and Suppliers
5.7.7 Development Strategy
5.8 Guangdong Haid Group Co., Ltd. (002311)
5.8.1 Profile
5.8.2 Operation
5.8.3 Revenue Structure
5.8.4 Gross Margin
5.8.5 Clients and Suppliers
5.8.6 Capacity Expansion
5.9 Zhenghong Science and Technology (000702)
5.9.1 Profile
5.9.2 Operation
5.9.3 Revenue Structure
5.9.4 Feed Business
5.9.5 Gross Margin
5.9.6 Clients and Suppliers
5.10 Kondarl (000048)
5.10.1 Profile
5.10.2 Operation
5.10.3 Revenue Structure
5.10.4 Feed Business
5.10.5 Gross Margin
5.10.6 Clients and Suppliers
5.11 Tongwei Co., Ltd. (600438)
5.11.1 Profile
5.11.2 Operation
5.11.3 Revenue Structure
5.11.4 Feed Business
5.11.5 Gross Margin
5.11.6 Clients and Suppliers
5.12 Tecon Animal Husbandry Bio-technology (002100)
5.12.1 Profile
5.12.2 Operation
5.12.3 Revenue Structure
5.12.4 Feed Business
5.12.5 Gross Margin
5.12.6 Clients and Suppliers
5.12.7 Development Strategy
5.12.8 Investment Plan
5.13 Others
1.1 Definition and Classification
1.2 Industry Chain
2 DEVELOPMENT OF CHINESE FEED INDUSTRY
2.1 Operation
2.2 Policy Environment
3 FEED INDUSTRY CHAIN
3.1 Upstream Raw Materials
3.1.1 Bean Pulp
3.1.2 Fish Meal
3.1.3 Corn and Wheat
3.1.4 Additive
3.2 Downstream Breeding
4. DYNAMICS OF CHINESE FEED INDUSTRY
4.1 Competition Pattern
4.2 Overseas Expansion
4.2.1 Aquatic Feed Enterprises
4.2.2 Livestock Feed Enterprises
4.3 Development Trend of Chinese Feed Enterprises
5 KEY ENTERPRISES IN CHINA
5.1 New Hope Group (000876)
5.1.1 Profile
5.1.2 Operation
5.1.3 Revenue Structure
5.1.4 Gross Margin
5.1.5 Clients and Suppliers
5.1.6 Industry Chain Advantage and Overseas Investment
5.2 Zhengbang Technology (002157)
5.2.1 Profile
5.2.2 Operation
5.2.3 Revenue Structure
5.2.4 Feed Business
5.2.5 Gross Margin
5.2.6 Clients and Suppliers
5.2.7 Advantage and Investment Plan
5.3 Tangrenshen Group (002567)
5.3.1 Profile
5.3.2 Operation
5.3.3 Revenue Structure
5.3.4 Feed Business
5.3.5 Gross Margin
5.3.6 Clients and Suppliers
5.3.7 Development Strategy
5.3.8 Development Advantage
5.4 Dabeinong Technology (002385)
5.4.1 Profile
5.4.2 Operation
5.4.3 Revenue Structure
5.4.4 Gross Margin
5.4.5 Feed Business
5.4.6 Clients and Suppliers
5.4.7 Development Strategy
5.5 Wellhope Agri-Tech
5.5.1 Profile
5.5.2 Operation
5.5.3 Revenue Structure
5.5.4 Feed Business
5.5.5 Gross Margin
5.5.6 Cost Analysis
5.5.7 Fundraising Project
5.6 Ningbo Tech-bank (002124)
5.6.1 Profile
5.6.2 Operation
5.6.3 Revenue Structure
5.6.4 Feed Business
5.6.5 Gross Margin
5.6.6 Clients and Suppliers
5.6.7 Development Strategy
5.7 China Animal Husbandry Industry (600195)
5.7.1 Profile
5.7.2 Operation
5.7.3 Revenue Structure
5.7.4 Feed Business
5.7.5 Gross Margin
5.7.6 Clients and Suppliers
5.7.7 Development Strategy
5.8 Guangdong Haid Group Co., Ltd. (002311)
5.8.1 Profile
5.8.2 Operation
5.8.3 Revenue Structure
5.8.4 Gross Margin
5.8.5 Clients and Suppliers
5.8.6 Capacity Expansion
5.9 Zhenghong Science and Technology (000702)
5.9.1 Profile
5.9.2 Operation
5.9.3 Revenue Structure
5.9.4 Feed Business
5.9.5 Gross Margin
5.9.6 Clients and Suppliers
5.10 Kondarl (000048)
5.10.1 Profile
5.10.2 Operation
5.10.3 Revenue Structure
5.10.4 Feed Business
5.10.5 Gross Margin
5.10.6 Clients and Suppliers
5.11 Tongwei Co., Ltd. (600438)
5.11.1 Profile
5.11.2 Operation
5.11.3 Revenue Structure
5.11.4 Feed Business
5.11.5 Gross Margin
5.11.6 Clients and Suppliers
5.12 Tecon Animal Husbandry Bio-technology (002100)
5.12.1 Profile
5.12.2 Operation
5.12.3 Revenue Structure
5.12.4 Feed Business
5.12.5 Gross Margin
5.12.6 Clients and Suppliers
5.12.7 Development Strategy
5.12.8 Investment Plan
5.13 Others
SELECTED CHARTS
Basic Concepts of Feed Industry
Classification of Feed Industry
Feed Industry Chain
Output and % of Total Output of Feed in China by Variety, 2011
Output and % of Total Output of Feed in China by Usage, 2011
Laws, Regulations and Policies Concerning Feed Industry in China
Output and Consumption of Bean Pulp in China, 2007-2011
Import Volume and Import Value of Bean in China, 2007-Feb. 2012
Unit Price of Bean Imports in China, 2007-Feb. 2012
Price of Bean in China, 2008-Feb. 2012
Import Volume and Import Unit Price of Feed Fish Meal in China, 2007-2011
Output and Consumption of Corn in China, 2007-2011
Output and Consumption of Wheat in China, 2007-2011
Proportion of Ending Inventory of Wheat and Corn in Consumption, 2007-2011
Key Feed Amino Acid Producers and Their Capacities in China, 2011
Consumption and YoY Growth Rate of Feed Lysine in China, 2001-2011
Demand for Feed Methionine in China, 2001-2011
Breeding Stock of Pigs in China, 2008-Apr. 2012
Output and YoY Growth Rate of Chinese Aquatic Products, 2005-2011
Asian Enterprises of Global Top 60 Feed Enterprises, 2011
Classification of Key Feed Processing Enterprises in China by Product
Gross Margin of Feed Business of Major Feed Enterprises in China, 2009-2011
Revenue and Gross Margin of Feed Business of Main Feed Enterprises in China, 2011
Three Transformation Models of Feed Enterprises in China
Revenue and Net Income of New Hope, 2007- Q1 2012
Revenue Structure of New Hope by Product, 2007-2011
Revenue Breakdown of New Hope by Product, 2007-2011
Revenue Breakdown of New Hope by Region, 2007-2011
Revenue Structure of New Hope by Region, 2007-2011
Gross Margin of New Hope, 2007-2011
Gross Margin of New Hope by Product, 2007-2011
New Hope’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Name List and Revenue Contribution of New Hope’s Top 5 Clients, 2011
New Hope’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
New Hope’s Assets after Reorganization
Chicken Industry Chain of Liuhe Group
Associate Companies of New Hope in Swine Industry Chain
Revenue and Net Income of Zhengbang Technology, 2007-Q1 2012
Operating Revenue of Zhengbang Technology by Sector, 2008-2011
Operating Revenue Structure of Zhengbang Technology by Sector, 2008-2011
Revenue Breakdown of Zhengbang Technology by Region, 2010-2011
Revenue Structure of Zhengbang Technology by Region, 2010-2011
Revenue of Feed Business of Zhengbang Technology by Variety, 2008-2011
Revenue Structure of Feed Business of Zhengbang Technology by Product, 2008-2011
Consolidated Gross Margin and Gross Margin by Sector of Zhengbang Technology, 2006-2011
Gross Margin of Feed Business of Zhengbang Technology by Product, 2007-2011
Zhengbang Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2006-2011
Name List and Revenue Contribution of Zhengbang Technology’s Top 5 Clients, 2011
Zhengbang Technology’s Procurement from Top 5 Suppliers and % of Total Procurement, 2006-2011
Revenue and Net Income of Tangrenshen Technology, 2008-Q1 2012
Revenue Breakdown of Tangrenshen Technology by Sector, 2008-2011
Revenue Structure of Tangrenshen Technology by Sector, 2008-2011
Revenue Breakdown of Tangrenshen Technology by Region, 2008-2011
Revenue Structure of Tangrenshen Technology by Region, 2008-2011
Revenue of Feed Business of Tangrenshen Technology by Variety, 2008-2010
Gross Margin of Feed Business of Tangrenshen Technology by Product, 2008-2010
Sales Volume and Revenue of Feed Business of Tangrenshen Technology by Variety, 2008-2010
Consolidated Gross Margin of Gross Margin by Sector of Tangrenshen Technology, 2008-2011
Tangrenshen Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2008-2010
Tangrenshen Technology’s Procurement from Top 5 Suppliers and % of Total Procurement, 2008-2010
Revenue and Net Income of Dabeinong Technology, 2007-Q1 2012
Revenue Breakdown of Dabeinong Technology by Product, 2007-2011
Revenue Structure of Dabeinong Technology by Product, 2007-2011
Revenue Breakdown of Dabeinong Technology by Region, 2009-2011
Revenue Structure of Dabeinong Technology by Region, 2009-2011
Consolidated Gross Margin and Feed Business Gross Margin of Dabeinong Technology, 2007-2011
Revenue and YoY Growth Rate of Feed Business of Dabeinong Technology, 2007-2011
Dabeinong Technology’s Revenue/Procurement from Top 5 Clients/Suppliers and % of Total Revenue/Procurement, 2010-2011
Revenue and Net Income of Wellhope Agri-Tech, 2009-2011
Revenue Breakdown of Wellhope Agri-Tech by Sector, 2009-2011
Revenue Structure of Wellhope Agri-Tech by Sector, 2009-2011
Revenue Breakdown of Wellhope Agri-Tech by Region, 2009-2011
Revenue Structure of Wellhope Agri-Tech by Region, 2009-2011
Revenue of Feed Business of Wellhope Agri-Tech by Variety, 2009-2011
Revenue of Feed Business by Variety and % of Total Revenue of Wellhope Agri-Tech, 2009-2011
Consolidated Gross Margin and Gross Margin (by Business) of Wellhope Agri-Tech, 2009-2011
Gross Margin of Feed Business of Wellhope Agri-Tech by Variety, 2009-2011
Fundraising Projects of Wellhope Agri-Tech, 2012
Capacity and Newly-added Capacity of Fundraising Projects of Wellhope Agri-Tech in Target Market
Revenue and Net Income of Tech-bank, 2007-Q1 2012
Revenue Breakdown of Tech-bank by Product, 2007-2011
Revenue Structure of Tech-bank by Product, 2007-2011
Revenue Breakdown of Tech-bank by Region, 2007-2011
Revenue Structure of Tech-bank by Region, 2007-2011
Revenue and Gross Margin of Feed Products of Tech-bank by Variety, 2007-2011
Gross Margin of Tech-bank, 2007-2011
Gross Margin of Tech-bank by Product, 2007-2011
Tech-bank’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Tech-bank’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Revenue and Net Income of China Animal Husbandry, 2007-Q1 2012
Revenue Breakdown of China Animal Husbandry by Product, 2007-2011
Revenue Structure of China Animal Husbandry by Product, 2007-2011
Revenue Breakdown of China Animal Husbandry by Region, 2008-2011
Revenue Structure of China Animal Husbandry by Region, 2008-2011
Revenue and Gross Margin of Feed Business of China Animal Husbandry, 2007-2011
Gross Margin of China Animal Husbandry, 2006-2011
Gross Margin of China Animal Husbandry by Product, 2007-2011
China Animal Husbandry’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
China Animal Husbandry’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Raised Funds and Usage of China Animal Husbandry, 2012
Product Varieties and Applications of Guangdong Haid Group
Revenue and Total Profit of Haid Group, 2008-2011
Sales and Proportion of Aquatic Product Feed of Haid Group, 2007-2011
Revenue Structure of Haid Group by Region, 2008-2011
Revenue and YoY Growth Rate of Haid Group by Region, 2011
Gross Margin of Haid Group, 2009-2011
Gross Margin of Haid Group by Product, 2008-2011
Haid Group’s Revenue/Procurement from Top 5 Clients/Suppliers and % of Total Revenue/ Procurement, 2008-2011
Haid Group’s Revenue from Top 5 Clients and % of Total Revenue, 2011
Revenue and Net Income of Zhenghong Science and Technology, 2006-Q1 2012
Revenue Breakdown of Zhenghong Science and Technology by Product, 2007-2011
Revenue Structure of Zhenghong Science and Technology by Product, 2007-2011
Revenue Breakdown of Zhenghong Science and Technology by Region, 2007-2011
Revenue and Gross Margin of Feed and Feed Raw Material Businesses of Zhenghong Science and Technology, 2007-2011
Gross Margin of Zhenghong Science and Technology, 2008-2011
Gross Margin of Zhenghong Science and Technology by Product, 2008-2011
Name List and Revenue Contribution of Zhenghong Science and Technology’s Top 5 Clients, 2011
Zhenghong Science and Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Revenue and Net Income of Kondarl, 2006-Q1 2012
Revenue Breakdown of Kondarl by Sector, 2007-2011
Revenue Structure of Kondarl by Sector, 2007-2011
Revenue Breakdown of Kondarl by Region, 2007-2011
Revenue Structure of Kondarl by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Kondarl, 2007-2011
Gross Margin of Kondarl, 2006-2011
Gross Margin of Kondarl by Sector, 2009-2011
Name List and Revenue Contribution of Kondarl’s Top 5 Clients, 2010-2011
Kondarl’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Kondarl’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Revenue and Net Income of Tongwei, 2007-Q1 2012
Revenue Breakdown of Tongwei by Product, 2009-2011
Revenue Structure of Tongwei by Product, 2009-2011
Revenue Breakdown of Tongwei by Region, 2007-2011
Revenue Structure of Tongwei by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Tongwei, 2009-2011
Registered Capital, Net Assets and Net Income of Feed Subsidiaries of Tongwei, 2011
Gross Margin of Tongwei, 2006-2011
Gross Margin of Tongwei by Product, 2009-2011
Tongwei’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Revenue and Net Income of Tecon Animal Husbandry Bio-technology, 2007- Q1 2012
Revenue Breakdown of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Revenue Structure of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Revenue Breakdown of Tecon Animal Husbandry Bio-technology by Region, 2007-2011
Revenue Structure of Tecon Animal Husbandry Bio-technology by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Tecon Animal Husbandry Bio-technology, 2007-2011
Gross Margin of Tecon Animal Husbandry Bio-technology, 2007-2011
Gross Margin of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Name List and Revenue Contribution of Tecon’s Top 5 Clients, 2011
Tecon’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Name List and Procurement Contribution of Tecon’s Top 5 Suppliers, 2011
Tecon’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Industrial System of Guangdong Wens Group
Basic Concepts of Feed Industry
Classification of Feed Industry
Feed Industry Chain
Output and % of Total Output of Feed in China by Variety, 2011
Output and % of Total Output of Feed in China by Usage, 2011
Laws, Regulations and Policies Concerning Feed Industry in China
Output and Consumption of Bean Pulp in China, 2007-2011
Import Volume and Import Value of Bean in China, 2007-Feb. 2012
Unit Price of Bean Imports in China, 2007-Feb. 2012
Price of Bean in China, 2008-Feb. 2012
Import Volume and Import Unit Price of Feed Fish Meal in China, 2007-2011
Output and Consumption of Corn in China, 2007-2011
Output and Consumption of Wheat in China, 2007-2011
Proportion of Ending Inventory of Wheat and Corn in Consumption, 2007-2011
Key Feed Amino Acid Producers and Their Capacities in China, 2011
Consumption and YoY Growth Rate of Feed Lysine in China, 2001-2011
Demand for Feed Methionine in China, 2001-2011
Breeding Stock of Pigs in China, 2008-Apr. 2012
Output and YoY Growth Rate of Chinese Aquatic Products, 2005-2011
Asian Enterprises of Global Top 60 Feed Enterprises, 2011
Classification of Key Feed Processing Enterprises in China by Product
Gross Margin of Feed Business of Major Feed Enterprises in China, 2009-2011
Revenue and Gross Margin of Feed Business of Main Feed Enterprises in China, 2011
Three Transformation Models of Feed Enterprises in China
Revenue and Net Income of New Hope, 2007- Q1 2012
Revenue Structure of New Hope by Product, 2007-2011
Revenue Breakdown of New Hope by Product, 2007-2011
Revenue Breakdown of New Hope by Region, 2007-2011
Revenue Structure of New Hope by Region, 2007-2011
Gross Margin of New Hope, 2007-2011
Gross Margin of New Hope by Product, 2007-2011
New Hope’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Name List and Revenue Contribution of New Hope’s Top 5 Clients, 2011
New Hope’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
New Hope’s Assets after Reorganization
Chicken Industry Chain of Liuhe Group
Associate Companies of New Hope in Swine Industry Chain
Revenue and Net Income of Zhengbang Technology, 2007-Q1 2012
Operating Revenue of Zhengbang Technology by Sector, 2008-2011
Operating Revenue Structure of Zhengbang Technology by Sector, 2008-2011
Revenue Breakdown of Zhengbang Technology by Region, 2010-2011
Revenue Structure of Zhengbang Technology by Region, 2010-2011
Revenue of Feed Business of Zhengbang Technology by Variety, 2008-2011
Revenue Structure of Feed Business of Zhengbang Technology by Product, 2008-2011
Consolidated Gross Margin and Gross Margin by Sector of Zhengbang Technology, 2006-2011
Gross Margin of Feed Business of Zhengbang Technology by Product, 2007-2011
Zhengbang Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2006-2011
Name List and Revenue Contribution of Zhengbang Technology’s Top 5 Clients, 2011
Zhengbang Technology’s Procurement from Top 5 Suppliers and % of Total Procurement, 2006-2011
Revenue and Net Income of Tangrenshen Technology, 2008-Q1 2012
Revenue Breakdown of Tangrenshen Technology by Sector, 2008-2011
Revenue Structure of Tangrenshen Technology by Sector, 2008-2011
Revenue Breakdown of Tangrenshen Technology by Region, 2008-2011
Revenue Structure of Tangrenshen Technology by Region, 2008-2011
Revenue of Feed Business of Tangrenshen Technology by Variety, 2008-2010
Gross Margin of Feed Business of Tangrenshen Technology by Product, 2008-2010
Sales Volume and Revenue of Feed Business of Tangrenshen Technology by Variety, 2008-2010
Consolidated Gross Margin of Gross Margin by Sector of Tangrenshen Technology, 2008-2011
Tangrenshen Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2008-2010
Tangrenshen Technology’s Procurement from Top 5 Suppliers and % of Total Procurement, 2008-2010
Revenue and Net Income of Dabeinong Technology, 2007-Q1 2012
Revenue Breakdown of Dabeinong Technology by Product, 2007-2011
Revenue Structure of Dabeinong Technology by Product, 2007-2011
Revenue Breakdown of Dabeinong Technology by Region, 2009-2011
Revenue Structure of Dabeinong Technology by Region, 2009-2011
Consolidated Gross Margin and Feed Business Gross Margin of Dabeinong Technology, 2007-2011
Revenue and YoY Growth Rate of Feed Business of Dabeinong Technology, 2007-2011
Dabeinong Technology’s Revenue/Procurement from Top 5 Clients/Suppliers and % of Total Revenue/Procurement, 2010-2011
Revenue and Net Income of Wellhope Agri-Tech, 2009-2011
Revenue Breakdown of Wellhope Agri-Tech by Sector, 2009-2011
Revenue Structure of Wellhope Agri-Tech by Sector, 2009-2011
Revenue Breakdown of Wellhope Agri-Tech by Region, 2009-2011
Revenue Structure of Wellhope Agri-Tech by Region, 2009-2011
Revenue of Feed Business of Wellhope Agri-Tech by Variety, 2009-2011
Revenue of Feed Business by Variety and % of Total Revenue of Wellhope Agri-Tech, 2009-2011
Consolidated Gross Margin and Gross Margin (by Business) of Wellhope Agri-Tech, 2009-2011
Gross Margin of Feed Business of Wellhope Agri-Tech by Variety, 2009-2011
Fundraising Projects of Wellhope Agri-Tech, 2012
Capacity and Newly-added Capacity of Fundraising Projects of Wellhope Agri-Tech in Target Market
Revenue and Net Income of Tech-bank, 2007-Q1 2012
Revenue Breakdown of Tech-bank by Product, 2007-2011
Revenue Structure of Tech-bank by Product, 2007-2011
Revenue Breakdown of Tech-bank by Region, 2007-2011
Revenue Structure of Tech-bank by Region, 2007-2011
Revenue and Gross Margin of Feed Products of Tech-bank by Variety, 2007-2011
Gross Margin of Tech-bank, 2007-2011
Gross Margin of Tech-bank by Product, 2007-2011
Tech-bank’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Tech-bank’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Revenue and Net Income of China Animal Husbandry, 2007-Q1 2012
Revenue Breakdown of China Animal Husbandry by Product, 2007-2011
Revenue Structure of China Animal Husbandry by Product, 2007-2011
Revenue Breakdown of China Animal Husbandry by Region, 2008-2011
Revenue Structure of China Animal Husbandry by Region, 2008-2011
Revenue and Gross Margin of Feed Business of China Animal Husbandry, 2007-2011
Gross Margin of China Animal Husbandry, 2006-2011
Gross Margin of China Animal Husbandry by Product, 2007-2011
China Animal Husbandry’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
China Animal Husbandry’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Raised Funds and Usage of China Animal Husbandry, 2012
Product Varieties and Applications of Guangdong Haid Group
Revenue and Total Profit of Haid Group, 2008-2011
Sales and Proportion of Aquatic Product Feed of Haid Group, 2007-2011
Revenue Structure of Haid Group by Region, 2008-2011
Revenue and YoY Growth Rate of Haid Group by Region, 2011
Gross Margin of Haid Group, 2009-2011
Gross Margin of Haid Group by Product, 2008-2011
Haid Group’s Revenue/Procurement from Top 5 Clients/Suppliers and % of Total Revenue/ Procurement, 2008-2011
Haid Group’s Revenue from Top 5 Clients and % of Total Revenue, 2011
Revenue and Net Income of Zhenghong Science and Technology, 2006-Q1 2012
Revenue Breakdown of Zhenghong Science and Technology by Product, 2007-2011
Revenue Structure of Zhenghong Science and Technology by Product, 2007-2011
Revenue Breakdown of Zhenghong Science and Technology by Region, 2007-2011
Revenue and Gross Margin of Feed and Feed Raw Material Businesses of Zhenghong Science and Technology, 2007-2011
Gross Margin of Zhenghong Science and Technology, 2008-2011
Gross Margin of Zhenghong Science and Technology by Product, 2008-2011
Name List and Revenue Contribution of Zhenghong Science and Technology’s Top 5 Clients, 2011
Zhenghong Science and Technology’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Revenue and Net Income of Kondarl, 2006-Q1 2012
Revenue Breakdown of Kondarl by Sector, 2007-2011
Revenue Structure of Kondarl by Sector, 2007-2011
Revenue Breakdown of Kondarl by Region, 2007-2011
Revenue Structure of Kondarl by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Kondarl, 2007-2011
Gross Margin of Kondarl, 2006-2011
Gross Margin of Kondarl by Sector, 2009-2011
Name List and Revenue Contribution of Kondarl’s Top 5 Clients, 2010-2011
Kondarl’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Kondarl’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Revenue and Net Income of Tongwei, 2007-Q1 2012
Revenue Breakdown of Tongwei by Product, 2009-2011
Revenue Structure of Tongwei by Product, 2009-2011
Revenue Breakdown of Tongwei by Region, 2007-2011
Revenue Structure of Tongwei by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Tongwei, 2009-2011
Registered Capital, Net Assets and Net Income of Feed Subsidiaries of Tongwei, 2011
Gross Margin of Tongwei, 2006-2011
Gross Margin of Tongwei by Product, 2009-2011
Tongwei’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Revenue and Net Income of Tecon Animal Husbandry Bio-technology, 2007- Q1 2012
Revenue Breakdown of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Revenue Structure of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Revenue Breakdown of Tecon Animal Husbandry Bio-technology by Region, 2007-2011
Revenue Structure of Tecon Animal Husbandry Bio-technology by Region, 2007-2011
Revenue and Gross Margin of Feed Business of Tecon Animal Husbandry Bio-technology, 2007-2011
Gross Margin of Tecon Animal Husbandry Bio-technology, 2007-2011
Gross Margin of Tecon Animal Husbandry Bio-technology by Product, 2007-2011
Name List and Revenue Contribution of Tecon’s Top 5 Clients, 2011
Tecon’s Revenue from Top 5 Clients and % of Total Revenue, 2007-2011
Name List and Procurement Contribution of Tecon’s Top 5 Suppliers, 2011
Tecon’s Procurement from Top 5 Suppliers and % of Total Procurement, 2007-2011
Industrial System of Guangdong Wens Group
