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On 28 April, 2015, Baolingbao Biology Co., Ltd. (Baolingbao) published its 2014 annual report, according to which the company’s revenue increased by a slight 1.1% year on year while its net profit decreased by 41.8%. There were two main reasons behind the decline in the company’s performance last year. On one hand, its production costs grew and gross profit went down under the increasing prices of raw materials like corn and corn starch. On the other hand, it adopted low-price strategy for some of its products to maintain market shares, which resulted in compressed profit space.
On 19 Jan., 2015, Baolingbao Biology Co., Ltd. (Baolingbao) revealed that the projects of its 50,000t/a fructose (solid) comprehensive co-production and dextrin drying device have been put into operation recently while its projects of 5,000t/a crystalline trehalose and 5,000t/a galacto oligosaccharide as well as the construction of a technological center will be put into operation by the end of 2015.
A leading functional sugar enterprise in the domestic market, Baolingbao Biology Co., Ltd. (Baolingbao), published a notice on 11 Nov., 2014 that it would continue to use its idle raised fund to purchase bank financial products. A day earlier, it used the fund to purchase financial products from the Jinan branch of Industrial Bank, with a price of USD6.5 million. The predicted annual return rate of the products is 4.65%.
Recently, Baolingbao Biology Co., Ltd. (Baolingbao) expressed that based on the features of trehalose and the development trend of its market, it will pay more attention to the development of the application fields of trehalose products. As introduced by the company, trehalose can be widely used in the areas of food, pharmaceuticals and cosmetics.
Major functional sugar company Baolingbao Biology Co., Ltd.( Baolingbao) published its Q3 2014 report, according to which in the first three quarters of 2014, the company realized a net profit of USD5.0 million, down by 19.67% year on year. In the meantime, it got a revenue of USD109.6 million, up by 6.40% year on year.