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Zhuangyuan Pa (01533) year net down 10% to Rmb68.35m

  Lanzhou Zhuangyuan Pasture (01533) said its
preliminary net profit attributable to shareholders for the year 2017 dropped 9.96%
year-on-year to Rmb68.35 million.
  Basic earnings per share amounted to Rmb0.46.
  Total operating revenue was Rmb628 million, a decrease of 5.62% from a year earlier.
  The business environment of dairy industry did not experience significant change in
2017. Zhuangyuan Pasture actively adapted to the new norms of macro-economy and conformed
to the development trend of the industry. With the combined effect of intensified
competition in regional markets and differentiation of marketing strategy that featured
segmentation of product mix, the operating revenue, operating profit and net profit of 
Zhuangyuan Pasture for 2017 declined as compared to 2016, though all with a decrease of
less than 10%. 

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