PLIN Revenues in 2019 were 102.5 Million Dollars and is a Profitable by 4.3 Million. Pork Shortage Crisis Meets Opportunity Play.
- Established Pork Industry Company in China with a Range of Products.
- Recent Acquisition for Expansion into Feed Raw Materials & Solutions.
- Upcoming Launch of Hot Pot Restaurant Franchise Business.
- First Class Award of 2020 Excellent Chongqing International Food Enterprise Recommendation.
- Expansion into Hog Breeding Business with 2,500 Sq. Meter Farm.
China Xiangtai Food Co., Ltd (NASDAQ: PLIN) is a food company primarily engaged in quality pork processing. PLIN operations span key sections of the pork processing value chain, including slaughtering, packing, distribution as well as wholesale marketing for a variety of fresh pork meat and parts.
Primarily focused on pork products, PLIN also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, PLIN has also expanded into the business of feed raw material and feed formula solutions. Through its core values, PLIN is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands.
- Launch of Hot Pot Restaurant Business with Aims to Open 200 Franchisees by the End of 2021
On August 13th, 2020 – PLIN announced the upcoming launch of a hot pot franchise business and plans to open its first location in Chongqing by August 31, 2020. The launch will allow PLIN to integrate its existing industry resources and leverage its strength to provide consumers with a farm-to-table experience.
PLIN plans to expand the hot pot chain by applying a franchise model and increase the number of restaurants to 200 by the end of 2021. All restaurants will be operated under the PLIN brand “Xiangtai Fresh Beef Hot Pot”. PLIN plans to recruit a team of seasoned restaurateurs with more than 20 years of professional experience to manage and operate the franchise chain.
- First Class Award of 2020 Excellent Chongqing International Food Enterprise Recommendation
On August 3rd, 2020 – PLIN proudly announced that the company was awarded the First Class Award of 2020 Excellent Chongqing International Food Enterprise Recommendation by Preferred Merchant (www.shouxuan18.cn), an enterprise information integration and marketing platform that ranks enterprises in different industries and conducts strict field investigations and real-time monitoring of enterprises.
This significant award for PLIN aims to build a quality international food market, to lead the development of the international food industry, to enhance competitive advantages of international food companies, to cultivate a good market environment, to set up industry standards, and to promote a sustainable, steady and vigorous development of the Chinese international food industry. Also, the award provides consumers with authoritative guidance and assistance, resulting in more rational consumption choices and saving time and energy for consumers.
- Expansion of Hog Breeding Business in China for Better Control
On July 22nd, 2020 – PLIN announced that through its primary operating subsidiary Chongqing Penglin Food Co. Ltd., the company has entered into a lease agreement to expand hog breeding business in Guangxi Province. Pursuant to the agreement, PLIN will rent a 2,500-square-meter hog breeding farm with four hog breeding houses in Guangxi for five years until May 7, 2025.
By combining the capacity of the farm and business experience. PLIN will be able to have better control of the supply chain and company to continue building its competitive advantages in the market. This farm can further optimize the deployment of PLIN production capacity while also increasing the quality of company offerings at fair and stable prices since PLIN will be able to control the supply end of its products. PLIN management believes this move will further enhance the company’s profitability and realize its commitment to increase long-term shareholder value.
For more information on China Xiangtai Food Co. (PLIN) visit: http://ir.plinfood.com/
Company Name: China Xiangtai Food Co., Ltd.
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Phone: 86 023-86330158
Address:XINGANXIAN BLDG B, STE 19-1 LIANGLUKOU,, YUZHONG DISTRICT, CHONGQING, 400800, China