Aoxin Tianli Group Looks like A Solid Penny Stock
Aoxin, before now known as Tianli Agritech, was initially just a hog cultivating organization situated in Wuhan City, China. Be that as it may, in the course of the last couple of years it has started to enhance its business. The organization now views itself as a broadened business with numerous working portions that have close to nothing or nothing to do with each other.
It as of now claims to work in the hog cultivating, electro-pressure driven servo-valves assembling and advertising, and optical fiber equipment and programming arrangements organizations. The following is the breakdown of how the gathering is sorted out.
The company recently reported second quarter results. Sales for the second quarter of 2016 declined 2.4%, to $9.61 million over the same period of last year. The decline in revenues replicated a decrease in the quantity of regular hogs sold due to the sale of two hog farms in the third quarter of 2015 and was partly counterbalance by an upsurge in the blended average selling price per hog.
Mr. Wocheng Liu, Chairman and Co-Chief Executive Officer of Aoxin Tianli Group, Inc., remarked, “We are satisfied to report strong money related results for the second quarter of 2016 with significant change in edges and a 26.4% expansion in net wage from proceeding with operations. We saw proceeded with change in hoard advertise essentials with normal offering costs for our standard market hoards and underground market pigs expanding by 16.5% and 24.8%, individually, in the second quarter of 2016.
Looking ahead, macroeconomics and the condition of the hog business in China will keep on having huge effect on the company. While the remarkable flooding nearly a month ago will put a gouge in its close term comes about, the company is circumspectly hopeful about the long haul viewpoint for its business with its solid accounting report, built up deals.