ZHONGPIN (NASDAQ:HOGS)

Monday, June 8, 2009

1st QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED MARCH

  1st Quarter 2009 1st Quarter 2008 Period Change
GAAP Revenue $153.8 million $108.7 million 41.5%
GAAP EPS $0.33 $0.24 38.5%
Geo Supplied Non-GAAP EPS a  $0.33 $0.25 41.7%
Tax Rate 6.9% 6.7% 3.0%
Fully Tax-Adjusted GAAP EPS b $0.23 $0.17 35.3%
Fully Tax-Adjusted Geo Supplied Non-GAAP EPS b $0.24 $0.17 41.2%
Fully Diluted Shares 29,609,028 30,748,961 3.7%

Source: See Release




FULL YEAR 2008 vs.2007 FINANCIAL SNAPSHOT ENDED DECEMBER

  Full Year 2008 Full Year 2007 Period Change
GAAP Revenue $539.8 million $291.4 million 85.2%
GAAP EPS $1.05 $0.90 16.7%
Company Supplied Non-GAAP EPS $1.18 $0.90 31.1%
Geo Supplied Non-GAAP EPSa  $1.17 $0.90 30.0%
Tax Rate 7.3% 7.2% 1.4%
Fully Tax-Adjusted GAAP EPS b $0.75 $0.64 17.2%
Fully Tax-Adjusted Company Supplied Non-GAAP EPS b $0.88 $0.64 31.3%
Fully Tax-Adjusted Geo Supplied Non-GAAP EPS b $0.87 $0.64 29.7%
Fully Diluted Shares 29,834,513 23,077,864 29.3%

Source: See Release  

a Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to the referenced financial press releases. The GeoTeam® non-GAAP figures may, from time to time,  differ from company supplied figures.

b For valuation purposes, The GeoTeam® prefers to adjust EPS to reflect a standard United States tax rate of 36%


Thursday, May 29, 2008

2007 Financial Notes:

* Revenues doubled year-over-year to a record $291.4 million

* Non-GAAP net income grew 41.2% to a record $20.8 million

* Non-GAAP fully diluted EPS increased 25 % to $0.90

* 2007 Tax Rate was 6.4% up from 3.7%.

* Outstanding shares increased 44% to 29.7 million.

Adjusting financials for a standard tax rate:

* Non-GAAP net income of $14.6 million compared to $9.9 million

*
Non-GAAP fully diluted EPS increased 29% to $.63

*
Return On Equity of 10%

( Source 2007 10 K )

2008 First Quarter Financials:


* Revenues grew 94.9% to a record $108.7 million

*
Net income increased 81.8% year-over-year to a record $7.3 million

* 26%
rise in fully diluted EPS to $0.24

* Period Tax Rate was 6.7% up from 5.1%

* Outstanding shares were 47% higher at 30.7 million.

Adjusting financials for a standard tax rate:

*
Net income of $5.2 million

*
Fully diluted EPS increased 29% to $.17

* Return On Equity of 3%. ( Equates to a 13% annualized rate )

( Source 2008 First Quarter 2008 10 Q )