| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
26 |
| Employees |
717 |
| Revenues (TTM) (Millions $) |
262 |
| Net Income (TTM) (Millions $) |
-6 |
| Cash Flow (TTM) (Millions $) |
-15 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
China New Borun Corp is a leading producer and distributor of corn-based edible alcohol and related products in China. Established in 2000, the company is headquartered in Shouguang City, Shandong Province, China, and has a strong presence in the domestic market.
The company's core business involves producing and selling high-quality food-grade corn-based alcohol products that are used as primary ingredients in a wide range of beverages, foods, and industrial applications. Its products include edible alcohol, fuel ethanol, DDGS (Distillers Dried Grain with Solubles), and CO2 (carbon dioxide).
China New Borun Corp operates through two main business segments; the production and distribution of corn-based edible alcohol and the provision of animal feed products. The company owns and operates four production facilities located in Shouguang, Daqing, and Korla, which have a combined annual production capacity of approximately 710,000 tons (equivalent to13 billion liters) of edible alcohol and 200,000 tons of DDGS.
The company has a vast distribution network covering over 10 provinces in China, which includes a mix of direct sales and distribution through its regional distributors. It also exports its products to several countries worldwide, including Japan, South Korea, and the United States.
China New Borun Corp places emphasis on quality assurance, and all of its products undergo strict quality control procedures to ensure they meet the relevant industry standards. The company has received several awards and recognitions for its commitment to quality, including the National Quality Award and the China Credit Management Award.
In addition to its core business, China New Borun Corp actively invests in research and development to expand its product range and improve production efficiency. Its research and development programs focus mainly on developing value-added products and enhancing the utilization of corn-based resources.
The company is committed to sustainability and places high importance on environmental protection and social responsibility. It adheres to strict environmental regulations and has implemented several initiatives to reduce its carbon footprint and minimize waste production. It also provides employment opportunities and supports local communities through various cultural and charitable activities.
Overall, China New Borun Corp is a leading player in the corn-based food-grade alcohol industry in China, with a robust production and distribution network and a focus on quality, sustainability, and social responsibility.
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