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China New Borun's CEO Discusses Q2 2012 Results - Earnings Call Transcript

China New Borun Corporation (BORN)

Q2 2012 Earnings Call

August 7, 2012 8:00 am ET


Jinmaio Wang – Chairman, President, Chief Executive Officer

Terence Chen – Chief Financial Officer

Ann Yu – Chief Strategy Officer


Chenyi Lu – Cowen & Co.

Anson Chan – Piper Jaffray



Good day everyone and welcome to the Second Quarter 2012 Earnings conference call for China New Borun Corporation. Today’s conference is being recorded.

Before we get started, I am going to review the Safe Harbor statement regarding today’s conference call. Please note that this discussion today will contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. To understand the factors that could cause results to differ materially from those in forward-looking statements, please refer to our annual report on Form 20-F filed with the Securities and Exchange Commission on April 6, 2012. The Company does not assume any obligation to update any forward-looking statements except as required by applicable law.

At this time, I would like to turn the call over to Mr. Terence Chen, Chief Financial Officer of China New Borun Corporation for opening remarks and introductions. Please go ahead, sir.

Terence Chen

Thank you everyone for joining us for China New Borun’s second quarter 2012 earnings call. Joining me today from management are Jinmaio Wang, Borun’s Chairman and Chief Executive Officer, and Ann Yu, the Company’s Chief Strategy Officer. On the call today, Mr. Wang will provide a quick review of the quarterly highlights and our business environment. Following Mr. Wang, Ann will offer more details on our operations and our business development and expansion plans. After Ann, I will provide you with more financial details.

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