During the corresponding time, Renmin Tianli Group, Inc. saw a revenue deteriorated by -15.94 % year on year, sequentially revenue fell by -7.62 %. While revenue at the Renmin Tianli Group, Inc.'s corporate clients
Renmin Tianli Group's Comment on Sales, Marketing and Customers
Our main customers for breeder hogs consist of farmers who purchase for their
own accounts and brokers who sell the hogs to other hog farms and our main customers
for market hogs include slaughterhouses and brokers who sell the hogs to slaughterhouses.
Purchasers come to our farms to purchase breeder and market hogs. The purchasers
of breeder hogs consist of farmers who purchase for their own accounts and brokers
who sell the hogs to other hog farms. The purchasers of market hogs include
slaughterhouses and brokers who sell the hogs to slaughterhouses. Purchases
are paid for at the time of the sale. Purchasers are responsible for transporting
hogs from our farms. In this way, we have been able to reduce our transportation
costs and risks associated with delivering hogs. Return of product is not permitted.
Because we have primarily relied upon having purchasers come to our farms,
to date our expenditures on marketing and advertising have not been significant.
If our capacity should grow or we should otherwise determine it is in our interests
to do so, we may rely more upon advertising and marketing in the future and
our expenditures for such efforts will increase.
