China s Huiyuan Juice Sales Up 68.4% in H1 2010

Chinese juice drinks maker Huiyuan has published its semi-annual results for the first half of 2010, stating that due to the implementation of special distribution network and sales channel managements, the company realized sales of 1.481 billion, a year-on-year increase of 68.4%.

At the same time, the company s gross profit increased by 146.8% to 545 million and its gross margin increased from 25.1% in the same period of 2009 to 36.8%. By June 30, 2010, Huiyuan s total annual output was 3.77 million tons.

By products, the sales of its 100% pure juices were 280 million, a year-on-year increase of 56.42%; the sales of its medium concentration fruit and vegetable juices were 533 million, a year-on-year increase of 46.03%; the sales of its nectars were 491 million, a year-on-year increase of 83.2%; and the sales of its pure water and other drinks were 177 million, a year-on-year increase of 161.06%.

Huiyuan said that according to statistics offered by Nielsen, the company sold 195 million liters of fruit and vegetable juices, increasing by 9.5 year-on-year. By sales, Huiyuan s market share in the Chinese pure juice and medium concentration fruit and vegetable juice markets were 56.4% and 46.4%, respectively.

However, Huiyuan said that due to the decrease of financing in the first half of 2010, the company still reported losses of 72.247 million and its loss per share was 0.049.