Dentons Biochemicals 00809.HK material slower corn prices in the second half of the year Lyanine prices continued to rise

Yu Yongqi, senior manager of enterprise development investor relations inDentons Biochemicals and Bio-Bio.HK, said that capital expenditure in the first half of the year was 570 million yuan, the capital expenditure is expected to be 1 billion yuan for the full year, and the capital expenditure in the second half of the year will be mainly used for the construction of the second phase of Xinglongshan Biochemical Alcohol Equipment, which is expected to be completed in 2012Co-chairman Xu Zhouwen said corn prices were now higher than at the beginning of the year, but because of the large reserves at the beginning of the year, stocks were sufficient to cover the end of October, when the new corn harvest will be overHe continued that the cost of the second half of the year has been locked in, this year's corn harvest is expected, I believe the second half of the corn prices are stableHe said that despite the poor economic performance in the US and Europe , sales in North America had been good in the past two years , and as there was still demand for meat , eggs and milk , the local economy had little impact on the Group's products and demand had risen steadily each yearHe said the group's third-quarter sales were as good as in the first half of the year and the second half of the year was expected to remain positiveGroup lysine sales of 290,000 tons in the first half of the year, usually the first half and second half of the sales accounted for 40% and 60% of the total annual sales, respectively, is expected to continue to grow in the second half of the salesYu Yongqi promised that the first half of the pure lysine price of 20,000 yuan per ton, is expected to be the next year to two years of the price of a steady increase(for reference only) (da/u) Asdak Financial News Fax: 852 2186 8286 E-mail: newsroom@aastocks.com:
Dentons Biochemical 00809.HK Enterprise Development Investor Relations Senior Manager Yu Yongqi said that the first half of the capital expenditure of 570 million yuan, the expected full-year capital expenditure of 1 billion yuan, the second half of the capital expenditure is mainly used for Xinglongshan biochemical alcohol second phase construction, is expected to be completed in 2012Co-chairman Xu Zhouwen said corn prices were now higher than at the beginning of the year, but because of the large reserves at the beginning of the year, stocks were sufficient to cover the end of October, when the new corn harvest will be overHe continued that the cost of the second half of the year has been locked in, this year's corn harvest is expected, I believe the second half of the corn prices are stableHe said that despite the poor economic performance in the US and Europe , sales in North America had been good in the past two years , and as there was still demand for meat , eggs and milk , the local economy had little impact on the Group's products and demand had risen steadily each yearHe said the group's third-quarter sales were as good as in the first half of the year and the second half of the year was expected to remain positiveGroup lysine sales of 290,000 tons in the first half of the year, usually the first half and second half of the sales accounted for 40% and 60% of the total annual sales, respectively, is expected to continue to grow in the second half of the salesYu Yongqi promised that the first half of the pure lysine price of 20,000 yuan per ton, is expected to be the next year to two years of the price of a steady increase(for reference only) (da/u) Asdak Financial News Fax: 852 2186 8286 Email: newsroom@aastocks.com Website:
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