Gross margin continued to rise, plum bio net profit growth exceeded 70% in the first three quarters

On the evening of October 19,, Meihua Bio (600873) announced its third-quarter report for 2016, with the company achieving operating income of RMB7,928 million in the first three quarters, a decrease of 10.11% YoY;In the third quarter, the company achieved revenue of RMB2.507 billion, a decrease of 5.77 percent YoY, and net profit attributable to shareholders of listed companies was RMB260 million, up 472.36 percent Year-on-YearpGE
Summary: The first three quarters of earnings growth was mainly due to the decline in raw material prices such as corn, raw coal and the decline in production costs caused by the improvement of production management technology, the data show that the average corn price in January-October 2016 was RMB1945/tonne, down about 18.7% YoYThe company's core products MSG, lysine, sucone and other production costs of corn accounted for 60%, corn price trends on the company's earningsWhile the domestic pig storage column slowly recovered, the continued depreciation of the yuan in 2016 is better than exports, lysine products demand has improvedThe company's gross margin for the first three quarters of 2016 was 24.21%, compared with 20.46% gross margin in 2015on the evening of October 19,pGE, Meihua Bio (600873) announced its third-quarter report for 2016, with operating income of RMB7,928 million in the first three quarters, down 10.11% YoY;In the third quarter, the company achieved revenue of RMB2.507 billion, a decrease of 5.77 percent YoY, and net profit attributable to shareholders of listed companies was RMB260 million, up 472.36 percent Year-on-YearpGE
Summary: The first three quarters of earnings growth was mainly due to the decline in raw material prices such as corn, raw coal and the decline in production costs caused by the improvement of production management technology, the data show that the average corn price in January-October 2016 was RMB1945/tonne, down about 18.7% YoYThe company's core products MSG, lysine, sucone and other production costs of corn accounted for 60%, corn price trends on the company's earningsWhile the domestic pig storage column slowly recovered, the continued depreciation of the yuan in 2016 is better than exports, lysine products demand has improvedThe company's gross margin for the first three quarters of 2016 was 24.21%, compared with 20.46% gross margin in 2015 pGE