China New Borun Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of RMB 720,638,443 against RMB 668,887,775 a year ago. Operating income was RMB 72,310,964 against RMB 55,301,089 a year ago. Income before income taxes was RMB 50,820,466 against RMB 27,969,819 a year ago. Net income was RMB 38,115,350 against RMB 20,977,364 a year ago. Basic and diluted earnings per share were RMB 1.48 against RMB 0.82 a year ago. The increase in revenue was mainly attributable to higher sales volume in edible alcohol and its by-products. The revenue was mainly driven by strong sales volume increase in edible alcohol.

For the six months, the company reported revenues of RMB 1,291,563,662 against RMB 1,294,618,856 a year ago. Operating income was RMB 118,530,647 against RMB 134,078,412 a year ago. Income before income taxes was RMB 71,868,432 against RMB 80,391,949 a year ago. Net income was RMB 53,901,324 against RMB 60,293,961 a year ago. Basic and diluted earnings per share were RMB 2.10 against RMB 2.34 a year ago.

The company estimates that its revenue for the third quarter of 2015 will be in the range of RMB 630 million to RMB 670 million, an increase of approximately 19.1% to 26.6% over the same quarter of 2014.

The company anticipates greater profits for full year 2015.