Zhongpin, Inc. (Nasdaq:HOGS), a leading meat and food processing company in the People’s Republic of China (”China”), reported higher revenues, net income, and earnings per share for the year 2010. Zhongpin also announced guidance for higher sales, net income, and earnings per share for the year 2011. Revenues increased 30% to $946.7 million in 2010 from $726.0 million in 2009. Net income increased 28% to $58.3 million in 2010 from $45.6 million in 2009. Basic earnings per share increased 13% to $1.67 in 2010 from $1.48 in 2009 with average basic shares outstanding being 13% higher than 2009. Diluted earnings per share increased 13% to $1.65 in 2010 from $1.46 in 2009 on average diluted shares outstanding being 13% higher than 2009. Zhongpin’s 2010 results exceeded the Company’s guidance of revenues within a range of $900 million to $940 million, net income within the range of $52 million to $57 million, and diluted earnings per share within the range of $1.49 to 1.64 per share.

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