United Food Holdings Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of RMB 989,999,000 against RMB 1,293,136,000 a year ago. Loss before tax was RMB 562,575,000 against profit before tax of RMB 7,691,000 a year ago. Loss for the period from the continuing operations was RMB 562,575,000 against profit from the continuing operations of RMB 7,691,000 a year ago. Loss for the period attributable to owners of the company was RMB 563,259,000 against profit attributable to owners of the company of RMB 5,216,000 a year ago. Basic loss per share was RMB 5.12 against basic earnings per share of RMB 0.05 a year ago. Net cash inflow from operating activities was RMB 28,893,000 against RMB 5,761,000 a year ago. Purchase of property, plant and equipment was nil against RMB 3,193,000 a year ago.

For the six months, the company reported revenue of RMB 2,008,466,000 against RMB 2,471,366,000 a year ago. Loss before tax was RMB 559,281,000 against profit before tax of RMB 12,371,000 a year ago. Loss for the period from the continuing operations was RMB 559,281,000 against profit from the continuing operations of RMB 12,371,000 a year ago. Loss for the period attributable to owners of the company was RMB 560,650,000 against profit attributable to owners of the company of RMB 2,266,000 a year ago. Basic loss per share was RMB 5.09 against basic earnings per share of RMB 0.02 a year ago. The group revenue decreased by 18.73% from the first half of 2014 to the first half of 2015. The decrease in revenue was due mainly to decreases in both the sales volume and selling price of the Group's soybean products in the first half of 2015 compared to the first half of 2014. The group recorded a loss before tax in the first half of 2015 against a profit before tax of in the first half of 2014. This was due mainly to a loss of approximately RMB 138.76 million from the Group's soybean processing operations in the second quarter of 2015; a loss of approximately RMB 231.11 million from sales of raw soybeans in the second quarter of 2015 and an impairment of approximately RMB 189.71 million provided for the prepayment and deposits paid to the Group's soybean supplier in the second quarter of 2015.