Shenguan Holdings (Group) Ltd. announced audited consolidated earnings results for the year ended December 31, 2011. For the year, the company reported revenue was RMB 1,501,985,000 against RMB 1,152,689,000 a year ago. Profit before tax was 868,121,000 against RMB 664,822,000 a year ago. Profit attributable to owners of the company was RMB 689,319,000 against RMB 513,458,000 a year ago. Diluted earnings per share were 20.7 cents per share against 15.4 cents per share a year ago. Net cash generated from the operating activities was RMB 696.6 million. The cash outflow for the capital expenditure used in investing activities in 2011 amounted to RMB 235.3 million for the year ended December 31, 2011. The company proposed final dividend of 6.0 cents per share against 4.0 cents a year ago. Subject to the approval by the shareholders at the forthcoming annual general meeting, it is expected that the final dividend will be paid on or around June 5, 2012. The record date will be 24 May 2012. For 2012, the company has budgeted to spend around RMB 300 million to RMB 400 million for capital expenditure, including mainly the capital expenditure to increase the group's production capacity to cope with the increasing demand of its products and the upgrading of production technology. In 2012, the group plans to increase the production capacity by 20%-25% with a similar utilization rate as 2011. While focusing on newly added production lines, the group will also expand the collagen processing plant of Sifu and cold storage facilities. The group will continue to capitalize on the advantage it has built on technological innovation. In 2012, the group will speed up product development, improve and perfect the workmanship in the production process to meet market demand. With the approval of relevant licenses by government authorities expected to be granted in 2012, the group is positioned to officially export Muslim sausage casings to overseas markets in 2012 and the contributions will be gradually reflected. As its business expands, the group will continue to expand its operations with collagen sausage casing products as its core business so as to maintain its leading position to create maximum returns to its customers and shareholders. The board resolved to propose Mr. Mo Yunxi to be appointed as an executive director which is subject to approval of the shareholders of the company at the annual general meeting of the company to be convened on May 16, 2012. Mr. Mo, aged 43, is primarily responsible for the group's product and technology developments. He has long been engaged in product development and has nearly 19 years of experience in the collagen sausage casing industry. Mr. Mo graduated from Tianjin College of Commerce majoring in Food Engineering in July 1990. Mr. Mo joined Wuzhou Protein Factory in 1993 and he has been the Deputy General Manager of Wuzhou Shenguan since 2004. Mr. Mo is a senior engineer in food engineering. He was awarded the "First Prize in Wuzhou Science and Technology Advancement" and the "First Prize in Guangxi Outstanding Achievement on New Products" by the Wuzhou Government and The People's Government of Guangxi, respectively, in 2008.