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Report of beverage machinery

"In fiscal 2011, we achieved healthy growth across most of our business segments, driven by an increase of more than 80% year-over-year in our branded beverage business, as well as strong demand for our premium and diverse product offerings," commented Mr. Sun Shao Feng, Chairman and CEO of China Green. “During the past twelve months, our number of beverage distributors has reached a total of 1,200 across the whole nation, and we are keen to expand our domestic distribution footprint further. As a result, our profitability was lower, due to increased sales and marketing expense associated with investments in our branding, selling and marketing efforts. Despite the higher level of investment activity, China Green exited the year with a strong balance sheet."
"We continued to witness robust demand for our branded-beverage products, which generated approximately 33% of the Company's sales in fiscal 2011, up from 21.5% of sales in fiscal 2010. Closely monitoring changes in consumer tastes, our R&D team remains committed to developing additional innovative and healthy products to broaden our portfolio in order to capture emerging opportunities in this fast-moving industry," added Mr. Sun.
Fiscal-Year 2011 Results
Revenue increased 17.6% to RMB 2,235 million from RMB 1,901 million in fiscal-year 2010. Sales from the domestic market accounted for approximately 62.2% of total revenue, an increase of 32.9% year-over-year compared to the fiscal year ended April 30, 2010. The increase was primarily due to the Company's focus on serving the domestic market, in order to benefit from rising disposable incomes and the growth of China's consumer economy.
Processed Products
Net sales from the Company's processed product segment grew 1.4 % year-over-year to RMB 760 million, or 34.0% of total fiscal year 2011 revenue. The increase in sales was primarily driven by higher sales of canned and frozen products.
Branded Food and Beverages
Net sales from the Company's branded food and beverage segment increased 39.6% year-over-year to RMB 964 million, comprising 42.5% of total revenue in fiscal-year 2011. The increase in sales was primarily due to a RMB 329 million increase in sales of branded beverage products.