Andisu reported revenue of RMB2.47 billion in the first quarter.

in the first quarter of 2017, Andesu achieved operating income of RMB2.47 billion, net profit of RMB400 million, net profit margin of 16%, and net cash flow from operating activities amounted to RMB610 millionThe company said that with strong cost controls and lean plant management, Andesu still achieved a 23% operating margin in an increasingly competitive environment, in line with its 2017 targetHKt
According to the results, the company's specialty products business achieved significant growth in the first quarter of 2017, with the ruminant products Strein growing by more than 58% in the first quarter of 2017 compared with the fourth quarter of 2016, reflecting the end of the year-long global dairy crisis and the beginning of signs of recovery, as well as Andesu's ability to quickly capture the recovery marketHKt
In addition, the company's enzyme product, Roethlipa Advance, achieved steady growth, with sales reaching 40% of the total range of Roethlipa, up 20% from the fourth quarter of 2016It is understood that in June 2016, the company launched the Luo enzyme bao series feed enzyme products in the latest generation of innovative products - Luo enzyme Bao AdvanceThe product comes in different forms of powder, particles and liquids and can be adapted to the different needs of various feed plantsThis product is an efficient combination bioenzyme that improves the digestion of various nutrients in the feed, reliably increasing the overall digestion rate of the feed, thereby reducing customer costs and reducing the loss of nutrientsAt the same time, in the first quarter, the company's sales of other specialty products have also achieved steady growthHKt
In terms of functional products, in the first quarter, the company quickly adapted to the growing market demand, and continue to work hard to consolidate market leadershipAccording to the company, the global methionine market demand remains strong, continue to grow at a rate of 5%-6% per yearIn the short term, supply and demand continue to put pressure on profitability The company expects methionine prices to stabilize in 2017 As the demand for methionine continues to increase in the long run, the company announced that it will begin the Polar project in early 2017, which will increase the production capacity of methionine in its European plant by 50,000 tons The project is expected to be completed by the end of 2018 HKt
　　At the same time, Andesu also announced the development of a successful innovative product Roddime A-Dry Plus, which is expected to be on the market in early 2018 It is reported that the product is a new type of methionine based on the development of liquid methionine technology, so that due to limited products or production processes can not use liquid methionine customers can also enjoy the benefits of liquid methionine HKt
　　In terms of vitamin products, the gross margin of vitamin products decreased in the first quarter of 2017 due to lower prices, despite further optimization of the company's production costs HKt
　　For the future, the company's officials said the u.S dollar remained strong in 2017 and energy and raw material prices remained low despite higher than in 2016 In this environment, Andesu is confident about its performance in 2017 Andesso uin will further strengthen its leadership position in the methionine market with first-class product quality and continuous product innovation Andesso's second pillar of the business, SpecialTy Products, also shows significant growth potential HKt operating income of RMB2.47 billion, net profit of RMB400 million and net profit margin of RMB16% in the first quarter of 2017, and net cash flow from operating activities amounted to RMB610 million The company said that with strong cost controls and lean plant management, Andesu still achieved a 23% operating margin in an increasingly competitive environment, in line with its 2017 target HKt
　　According to the results, the company's specialty products business achieved significant growth in the first quarter of 2017, with the ruminant products Strein growing by more than 58% in the first quarter of 2017 compared with the fourth quarter of 2016, reflecting the end of the year-long global dairy crisis and the beginning of signs of recovery, as well as Andesu's ability to quickly capture the recovery market HKt
　　In addition, the company's enzyme product, Roethlipa Advance, achieved steady growth, with sales reaching 40% of the total range of Roethlipa, up 20% from the fourth quarter of 2016 It is understood that in June 2016, the company launched the Luo enzyme bao series feed enzyme products in the latest generation of innovative products - Luo enzyme Bao Advance The product comes in different forms of powder, particles and liquids and can be adapted to the different needs of various feed plants This product is an efficient combination bioenzyme that improves the digestion of various nutrients in the feed, reliably increasing the overall digestion rate of the feed, thereby reducing customer costs and reducing the loss of nutrients At the same time, in the first quarter, the company's sales of other specialty products have also achieved steady growth HKt
　　In terms of functional products, in the first quarter, the company quickly adapted to the growing market demand, and continue to work hard to consolidate market leadership According to the company, the global methionine market demand remains strong, continue to grow at a rate of 5%-6% per year In the short term, supply and demand continue to put pressure on profitability The company expects methionine prices to stabilize in 2017 As the demand for methionine continues to increase in the long run, the company announced that it will begin the Polar project in early 2017, which will increase the production capacity of methionine in its European plant by 50,000 tons The project is expected to be completed by the end of 2018 HKt
　　At the same time, Andesu also announced the development of a successful innovative product Roddime A-Dry Plus, which is expected to be on the market in early 2018 It is reported that the product is a new type of methionine based on the development of liquid methionine technology, so that due to limited products or production processes can not use liquid methionine customers can also enjoy the benefits of liquid methionine HKt
　　In terms of vitamin products, the gross margin of vitamin products decreased in the first quarter of 2017 due to lower prices, despite further optimization of the company's production costs HKt
　　For the future, the company's officials said the u.S dollar remained strong in 2017 and energy and raw material prices remained low despite higher than in 2016 In this environment, Andesu is confident about its performance in 2017 Andesso uin will further strengthen its leadership position in the methionine market with first-class product quality and continuous product innovation Andesso's second pillar of the business, SpecialTy Products, also shows significant growth potential HKt