Yanfeng Group (00546) expects first-half net profit to increase by 80% Year-on-year
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Last Update: 2020-06-28
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Source: Internet
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Author: User
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, the group said it expects its shareholders to account for a significant year-on-year increase of about 80% in the first half of 20178Fq
The announcement said that the increase in net profit was mainly due to the decline in the price of corn, the main raw materials during the period, resulting in increased gross margin sucnonine, high-grade amino acids, starch sweeteners and yellow raw gum products, sales of products such as MSG, sucnonine and high-grade amino acids, and the group also managed to upgrade its production process to improve production efficiency and improve the cost structure8Fq, the group said it expects its shareholders to account for a significant year-on-year increase of about 80% in the first half of 20178Fq
The announcement said that the increase in net profit was mainly due to the decline in the price of corn, the main raw materials during the period, resulting in increased gross margin sucnonine, high-grade amino acids, starch sweeteners and yellow raw gum products, sales of products such as MSG, sucnonine and high-grade amino acids, and the group also managed to upgrade its production process to improve production efficiency and improve the cost structure8Fq
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