China Minzhong

China Minzhong: Released 3QFY14 net profit of Rmb133.3m (-47.7%) on revenue of Rmb690.3m (-28.3%). The decrease in revenue was due to decreased sales of Rmb220.9m from the processed business segment and Rmb97.5m from the cultivation business segment, but partly offset by an increase in sales of Rmb46.5m from the branded business segment. Bottom-line was further weighed by a 46.7% rise in admin expenses attributed to depreciations expenses and a rise in property, and a 154.4% rise in other expenses led by impairment allowance for trade receivables, FX losses and loss of biological assets.