China New Borun Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of RMB 515,909,331 compared to RMB 486,582,235 a year ago. Operating income was RMB 76,155,169 compared to RMB 46,393,398 a year ago. Income before income taxes was RMB 59,899,540 compared to RMB 33,668,475 a year ago. Net income was RMB 44,924,655 or RMB 1.75 per basic and diluted share compared to RMB 25,251,357 or RMB 0.98 per basic and diluted share a year ago.

The company estimates that its revenue for the second quarter of 2017 will be in the range of RMB 535 million to RMB 560 million, an increase of approximately 0.9% to an increase of approximately 5.6% over the same quarter of 2016.