Jiangsu Yangnong Chemical Co.Ltd(600486) : the net profit in the first two months increased by about 100% year-on-year

Jiangsu Yangnong Chemical Co.Ltd(600486) released the operation data announcement. From January to February 2022, the company achieved a total operating revenue of about 3.5 billion yuan, an increase of about 50% year-on-year; The net profit attributable to the shareholders of the listed company was about 560 million yuan, a year-on-year increase of about 100%. The main reasons are as follows: first, the production capacity of Youjia phase III project was fully reached, and the first phase of phase IV project was completed and put into operation, with the production capacity and output increased compared with the same period of last year; second, the price of main pesticide products increased compared with the same period of last year.