fufeng group ltd (546) Snapshot

Fufeng Group Limited Presents at Nomura Asia Equity Forum, Jun-10-2013 . Venue: The Ritz-Carlton, Millenia Singapore, 7 Raffles Avenue, Singapore 039799, Singapore.

Fufeng Group Limited reported audited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenue was RMB 11,111,920,000 compared to RMB 8,399,246,000 for the same period last year. Operating profit was RMB 735,079,000 compared to RMB 777,965,000 for the same period last year. Profit before income tax was RMB 490,213,000 compared to RMB 716,436,000 for the same period last year. Profit attributable to the Shareholders was RMB 426,553,000 or 24.64 RMB cent per diluted share compared to RMB 604,137,000 or 33.55 RMB cent per diluted share for the same period last year. Profit attributable to the Shareholders decreased by about 29.4% for the year ended 31 December 2012 as compared to the same period in 2011. Revenue increased by 32.3% led by increase in sales volume due to increase in market share in key markets was negatively impacted by decrease in ASP of key MSG products and also increase in major raw material costs. Besides the increase in major raw material costs, administrative costs increased mainly because of the commencement of operations of the new Hulunbeir Plant in the second half of 2011. In addition, due to increased levels of borrowings, finance costs also increased in 2012, further impacting the profit attributable to the Shareholders. Return on equity was 11.2% compared to 17.7% in the same period in 2011. The significant growth was driven by the increase in sales volumes, and continued to increase its market share. No final dividend in respect of the year ended 31 December 2012 is proposed by the Board (Final dividend: 2011: 3 Hong Kong cents per share).

Fufeng Group Limited, Annual General Meeting, May 23, 2013., at 09:30 China Standard Time. Location: Room VII­VIII, 28/F., The Park Lane. Agenda: To receive, consider and adopt the audited consolidated financial statements of the company and its subsidiaries and the reports of the directors of the company and of the auditor of the company for the year ended 31 December 2012; to re-elect Directors and to authorise the board of Directors to fix their remuneration; to re-appoint the retiring auditor, PricewaterhouseCoopers as auditor of the company, and to authorise the Board to fix its remuneration; and to allot, issue and deal with additional shares of the company or securities convertible or exchangeable into shares, and to make or grant offers, agreements, options, warrants or similar rights in respect thereof.