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Adisseo (600299) announced the company's 2020 first quarter performance report on the evening of April 22
In the first quarter of 2020, the company's operating income was 2.
Gross profit margin increased by 2 percentage points from 37% to 39%, thanks to the increasingly balanced business portfolio, and high-margin specialty products accounted for 34% of the company's overall gross profit (29% in the first quarter of 2019).
Adisseo's CEO Jean﹒ Mr.
In the methionine business, benefiting from strong market demand, the single-season sales of liquid methionine reached the highest level in history, which was mainly driven by the Asian (30%) and Latin American markets (22%)
In the case of the global outbreak of the new crown pneumonia epidemic, all Adisseo's factories around the world still maintained the continuity and high stability of production
The Nanjing Liquid Methionine Plant Phase II project has overcome many difficulties during the outbreak of the new crown pneumonia epidemic in China, and is currently progressing smoothly
In the vitamin business, due to the impact of the new crown pneumonia epidemic and the shortage of vitamin A in the market, Adisseo has benefited from its excellent production continuity and its leading position in the industry has been more prominent
In the first quarter of 2020, the growth momentum of the specialty products business was stronger than before, with revenue and gross profit increasing by 26% and 28% year-on-year, respectively, and gross profit margin increasing to 53%
Adisseo and Kellers established a joint venture in early March.
Looking to the future, let﹒ Mark said that although the global new crown pneumonia epidemic has brought a lot of uncertainty and huge volatility to the company's business, as an important participant in the global food supply chain, Adisseo is confident and will do its best to ensure the safety of employees and business.
