Company Quick10K Filing
China New Borun
20-F 2018-12-31 Filed 2019-05-15
20-F 2017-12-31 Filed 2018-05-15
20-F 2016-12-31 Filed 2017-04-25
20-F 2015-12-31 Filed 2016-04-28
20-F 2014-12-31 Filed 2015-04-22
20-F 2013-12-31 Filed 2014-04-25
20-F 2012-12-31 Filed 2013-04-24
20-F 2011-12-31 Filed 2012-04-06
20-F 2010-12-31 Filed 2011-03-16

China New Borun Financials

BORN Metrics, Comps, Filings

Quarterly | Annual

Business

Shandong Borun, our predecessor company which had been controlled by our CEO, Mr. Wang and his father, Mr. Peiren Wang (together with Mr. Wang and Mrs. Shan Junqin ("Mrs. Wang"), the "Wang family"), since the incorporation of Shandong Borun, in December 2000, underwent a corporate reorganization between September and December 2008 for the purpose of facilitating investments into Shandong Borun by unrelated off-shore (non- PRC) private equity investors.

In September 2008, Golden Direction Limited, or Golden Direction, beneficially owned by Mr. Wang's mother, Mrs. Wang, acquired the sole share (an ordinary share) of capital of China High, a Hong Kong holding company, from an unrelated party, and in October 2008 China High issued an additional 7,999 ordinary shares to Golden Direction in preparation for and pursuant to the reorganization. China High was previously incorporated in Hong Kong's Special Administrative Region on July 15, 2008.

On September 30, 2008, China High acquired all of the equity interests of WGC, a PRC limited liability company, from an unrelated party pursuant to an equity interest acquisition agreement for cash consideration of $160,000 and in October 2008 obtained all requisite approvals from the government for such transaction. WGC was previously established as a limited liability company on March 21, 2001 in China's Shandong Province under the laws of the PRC.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
United Breweries (CCU) 9,389 0% 2,405,865 1,016,749 0 0 0 0 -54,917
Boston Beer (SAM) 4,270 48% 21.9 12% 1,016 297 1,234 588 118 194 4,243
Coca Cola Bottling (COKE) 2,835 34% 21.1 -0% 3,119 2,638 4,784 1,638 -0 183 3,856
National Beverage (FIZZ) 2,044 36% 10.8 21% 567 167 976 355 118 168 1,810
Cott (COT) 1,689 51% 13.3 -0% 3,321 2,179 2,394 1,212 -5 210 2,788
MGP Ingredients (MGPI) 885 21% 16.4 12% 307 88 375 81 38 56 922
New Age Beverages (NBEV) 220 62% 16.5 -4% 314 164 194 121 -12 10 173
Craft Brew Alliance (BREW) 268 32% 67.5 -2% 262 130 164 53 -6 4 289
Celsius Holdings (CELH) 231 42% 17.7 15% 74 11 51 21 11 12 210
Reed's (REED) 44 27% -3.8 -73% 17 19 27 7 -12 -11 43
Castle Brands (ROX) 76 39% -162.2 10% 85 66 95 37 8 -0 75
Eastside Distilling (EAST) 46 35% -6.3 -25% 38 24 13 4 -9 -8 50
Willamette Valley Vineyards (WVVI) 36 62% 4.2 9% 67 17 18 11 6 8 35
China New Borun (BORN) 19 0% 3,116 1,110 0 0 0 0 -605
Liquid Media Group (YVR) 12 0% 16 5 0 0 0 0 12
Truett-Hurst (THST) 9 22% 3.6 3% 18 2 10 2 1 1 5
Coca-Cola European Partners (CCEP)
Mexican Economic Development (FMX) 0% 576,381 240,839 0 0 0 0 -31,768
Coca Cola FEMSA (KOF) 0% 263,787 132,037 0 0 0 0 -7,778
Constellation Brands (STZ) 47% 8.4 3% 27,555 15,864 8,814 4,137 772 1,517 12,798

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash224611521830496795728624
Accounts Receivable300303358531516416510127
Inventory861383534974396034341,441
PP&E1,1271,3181,1441,096988876766602
Assets1,9732,4432,9343,2953,0913,1513,1973,116
Accounts Payable1313291722243710
Long-Term Debt
Liabilities6439251,3371,6191,2861,2821,1521,110
Stockholders' Equity1,3291,5181,5961,6761,8051,8692,0462,006
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing