-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NFaUPDZ5QhYiXNww6uCKS7X5YBfRJzn9tdcZK2AT71kDaXktGNtbwQECxkXAfP8n EGmUb9VYzArOBPYLJTFWRQ== 0001144204-08-057232.txt : 20081014 0001144204-08-057232.hdr.sgml : 20081013 20081014064054 ACCESSION NUMBER: 0001144204-08-057232 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081010 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081014 DATE AS OF CHANGE: 20081014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZHONGPIN INC. CENTRAL INDEX KEY: 0001277092 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 542100419 STATE OF INCORPORATION: DE FISCAL YEAR END: 0216 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33593 FILM NUMBER: 081119651 BUSINESS ADDRESS: STREET 1: C/O PRYOR CASHMAN SHERMAN & FLYNN LLP STREET 2: 410 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-326-0846 MAIL ADDRESS: STREET 1: C/O PRYOR CASHMAN SHERMAN & FLYNN LLP STREET 2: 410 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: STRONG TECHNICAL INC DATE OF NAME CHANGE: 20040121 8-K 1 v128700_8k.htm Unassociated Document
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


 
FORM 8-K
CURRENT REPORT 
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 
 
Date of Report (Date of earliest event reported): October 10, 2008
 
Zhongpin Inc.
(Exact name of registrant as specified in charter)
 
 
 
 
 
Delaware
(State or other jurisdiction
of incorporation)
 
333-112111
(Commission
File Number)
 
54-2100419
(IRS Employer
Identification No.)
 
 
 
21 Changshe Road, Changge City, Henan Province
People’s Republic of China
(Address of principal executive offices)
 
 
 
(Zip Code)
 
011 86 374-6216633
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


SECTION 2 - FINANCIAL INFORMATION

Item 2.02. Results of Operations and Financial Condition.

On October 10, 2008, we issued a press release announcing our revised revenue outlook for fiscal 2008. A copy of the press release is attached hereto as Exhibit 99.1.
 
 
SECTION 7 - REGULATION FD

Item 7.01. Regulation FD Disclosure.

The description of the press release in Item 2.02 above is incorporated herein by reference.

The information contained herein and in the accompanying exhibit is being furnished pursuant to “Item 7.01. Regulation FD.” The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any of our filings, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
 

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits. The following exhibit is furnished herewith:
 
Exhibit No.
Document
 
99.1
Revised Revenue Projection Press Release of Zhongpin Inc., dated October 10, 2008.
 
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
ZHONGPIN INC.
(Registrant)
 
 
 
 
 
 
  By:   /s/ Xianfu Zhu 
 
Name: Xianfu Zhu
  Title: Chief Executive Officer 
 
Dated: October 13, 2008
 

 
EXHIBIT INDEX
 
Exhibit No.
Document
 
99.1
Revised Revenue Projection Press Release of Zhongpin Inc., dated October 10, 2008.
 
 

 
EX-99.1 2 v128700_ex99-1.htm Unassociated Document
 
 

Contact:
 
Crocker Coulson, President
Feng Wang, Chief Financial Officer
CCG Investor Relations
Zhongpin Inc.
646-213-1915
86-10-82861788
crocker.coulson@ccgir.com
zhongpin.ir@gmail.com
www.ccgir.com
www.zpfood.com

For Immediate Release

Zhongpin Raises Guidance for Full Year 2008
 
§ 
Revenue guidance raised to $550 million to $570 million
§ 
Fully diluted earnings to reach $1.15 to $1.19 per share

Changge City, Henan Province, China - October 10, 2008 - Zhongpin Inc. (NASDAQ: HOGS) (“Zhongpin” or “the Company”), a leading meat and food processing company in the People’s Republic of China (“PRC”), today raised its revenue and earnings per share guidance for the fiscal year ended December 31, 2008.

Zhongpin expects revenues for the fiscal year ended December 31, 2008 to be in the range of $550 million to $570 million, higher than the Company’s earlier guidance of $490 million and $520 million. Gross margin for the full year 2008 is expected to be above 12.7% with net profit margin of at least 6.4%. The Company expects fully diluted earnings to be in the range of $1.15 to $1.19 per share, significantly higher than its earlier guidance of $0.98 to $1.07 per share. This guidance excludes the impact of any future acquisitions.

Zhongpin’s guidance has been increased to reflect strong revenue growth during the third quarter of 2008 and anticipated strong performance in the upcoming peak season in the fourth quarter. The Company’s new plant in Luoyang city, which began production in the beginning of the third quarter, contributed to the Company’s third quarter sales growth.

“During the third quarter, we experienced robust growth in our sales volume due to lower pork prices and additional capacity from the Luoyang plant. We expect to close the year with strong performance since the first and the fourth quarters are typically peak seasons in our industry and we expect the Luoyang plant to continue to make a meaningful contribution,” commented Mr. Xianfu Zhu, CEO of Zhongpin. “As we continue to experience strong revenue growth and increased efficiency in our operations, we are confident in our ability to achieve our guidance for 2008.”
 

 
About Zhongpin

Zhongpin is a meat and food processing company that specializes in pork and pork products, and fruits and vegetables, in the PRC. Its distribution network in the PRC spans more than 24 provinces and includes over 2,960 retail outlets. Zhongpin’s export markets include the European Union, Eastern Europe, Russia, Hong Kong, Japan and South Korea. For more information, contact CCG Investor Relations directly or go to Zhongpin’s website at www.zpfood.com.
 
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release and oral statements made by Zhongpin on its conference call in relation to this release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company’s planned manufacturing capacity expansion in 2008 and predictions and guidance relating to the Company’s future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but these projections also involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as, unanticipated changes in product demand, interruptions in the supply of live pigs/raw pork, downturns in the Chinese economy, delivery delays, freezer facility malfunctions, poor performance of the retail distribution network, changes in applicable regulations, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.
 

###
 

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