China Yurun Food Group Ltd. provided consolidated earnings guidance for the year ended December 31, 2015. The group expects to record a significant loss for the year ended 31 December 2015 as compared to a profit recorded for the year ended 31 December 2014. The significant loss was primarily attributable to increased hog prices compared to last year and the cost of production had risen.

It was therefore more difficult for the Group to pass on the costs and as a result the gross profit decreased remarkably; increased operating loss due to the sluggish high-end catering and pork consumption markets; and the slowdown in economic growth and transformation of economic structure in China and the increasingly competitive economic environment, the Group reviewed the recoverable amount of assets and provision for impairment in respect of non-current assets was recognized appropriately.