Harvest to surpass previous year and increse profits

Executive Chairman Hongwei Cai said: “The current harvest season is shaping up as our best ever, and we expect to surpass last year's revenue and continue our trend of strong growth.
"We benefited from higher production and prices for camellia seeds, and Chinese consumer demand for camellia products has continued to increase. However, weather affected the pomelo harvest, and tangerine and navel orange prices were lower. Cost efficiencies have been implemented to reduce costs and to maintain margins.
“We continue to consolidate the camellia and navel orange plantations acquired in 2017, and have introduced improvements which will increase productivity and yields in future years. This will ultimately be reflected in further growth and increased value for our shareholders.”
Dongfang controls 21 plantations covering 10,763 hectares in China's premier fruit growing region, the Jiangxi Province. Since formation in 2009, the company has grown to become one of the largest agricultural harvesters in China.
Preliminary full year financial results will be released in February 2018.

Expect revenue to top 1 bill RMB