Hefei Fengle Seed Co.Ltd(000713) 3 on March 25, the annual performance express of 2021 was released. During the reporting period, the company expects to achieve a total operating revenue of 2.617 billion yuan, a year-on-year increase of 6.54%; The net profit was 183 million yuan, a year-on-year increase of 263.05%; Deduct non net profit of 42 million yuan, with a year-on-year increase of 91.81%.
According to the company, the main reasons for the performance growth are: the influence of land collection and storage factors and the increase in the sales revenue of the company’s seed business. In addition, the net profit of agrochemical business decreased year-on-year due to the superposition of factors such as the decline of gross profit margin and the increase of investment in safety and environmental protection caused by the price rise of main raw materials higher than the price rise of the company’s products.
