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Based on our intensive wholesale community in 15 provinces and enough working capital from bank loans and financial institution notes, the sales quantity and income from our Bulk Trading Division grew quickly, reaching seventy six,124 tons and $43 million, respectively. Further, our corn sales community has been prolonged to approximately 15 provinces in 2011 from 7 provinces in 2010, which now embody sales to more livestock feed firms, corn oil/corn starch manufacturing corporations and governmental procurement businesses. This development was attributable to the enlargement of our gross sales community, the rise in our storage capacity and turnover and the obtainment of enough working capital. Our capacity of storage and turnover elevated from 50,000 tons and 250,000 tons to over a hundred,000 tons and seven-hundred,000 tons, respectively, when the model new processing heart with 5 drying cylinders and six warehouses went into operation in June 201 Net income from our Corn Division for the year ended December 31, 2011 was roughly $177.7 million, a rise of $108.2 million, or approximately a hundred and fifty five.7%, as in contrast the yr ended December 31, 2010.

I also initiated and led finish of 12 months conferences within the last 4 months of the fiscal 12 months with my employees in Acquisition and Budget and Accounting, and stakeholders, to trace procurements and enhance our execution.

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