Yanfeng Group: Su-Sine sales of 18,000 tons of revenue increased 69% YoY

's 2012 revenue was RMB11,112 million, up 32.3% YoY; gross profit was RMB1.637 billion, up 7.70% YoY; operating profit was RMB735 million, down 5.53% YoY; shareholders' profit decreased 29.4% YoY; and gross margin decreased by 14.7% yoY, down 3.4 pctAmong them, the gross margin of the main business MSG part decreased significantly, was 11.4%, a decrease of 4.7 percentage points, and the main business Huangyuan plastic gross margin increased, which was 46%, an increase of nearly 10 percentage points8Tv
The increase in total sales revenue was due to increased production capacity of the main products (from the investment and construction of plants in Inner Mongolia Hulunbel and Xinjiang), and the increase in sales volume, further expanding market shareThe decline in gross margin was mainly due to the decline in the average selling price of MSG products, and the increase in production costs of high corn prices was also the main reasonHowever, the Group began production of synthetic ammonia production lines at the Nemon and Hulunbel plants in 2012 in order to reduce the cost of liquid ammonia8Tv
In addition to the main business, the main amino acid products enterprises the third growth engine, in 2012 Susine production capacity increased to 40,000 tons, sales volume of 183,000 tons per month, sales revenue of 184 million yuan, a significant increase of 68.81 percent YoY, Susine sales revenue accounted for 17% of total sales revenueOther small varieties of amino acid income of 89.5 million yuan, an increase of about 148.5%In 2012, a number of high-grade amino acids (proline, arginine, leucine, iethaline) have been built in Xinjiang to improve the cost advantages of raw materials and coal resources8Tvrevenue of RMB11.112 billion in 2012, up 32.3% YoY; gross profit of RMB1.637 billion, up 7.70% YoY; operating profit of RMB735 million, down 5.53% YoY; shareholder-as-you-earnings decreased 29.4% YoY; and gross margin decreased by 14.7% YoYAmong them, the gross margin of the main business MSG part decreased significantly, was 11.4%, a decrease of 4.7 percentage points, and the main business Huangyuan plastic gross margin increased, which was 46%, an increase of nearly 10 percentage points8Tv
The increase in total sales revenue was due to increased production capacity of the main products (from the investment and construction of plants in Inner Mongolia Hulunbel and Xinjiang), and the increase in sales volume, further expanding market shareThe decline in gross margin was mainly due to the decline in the average selling price of MSG products, and the increase in production costs of high corn prices was also the main reasonHowever, the Group began production of synthetic ammonia production lines at the Nemon and Hulunbel plants in 2012 in order to reduce the cost of liquid ammonia 8Tv
In addition to the main business, the main amino acid products enterprises the third growth engine, in 2012 Susine production capacity increased to 40,000 tons, sales volume of 183,000 tons per month, sales revenue of 184 million yuan, a significant increase of 68.81 percent YoY, Susine sales revenue accounted for 17% of total sales revenue Other small varieties of amino acid income of 89.5 million yuan, an increase of about 148.5% In 2012, a number of high-grade amino acids (proline, arginine, leucine, iethaline) have been built in Xinjiang to improve the cost advantages of raw materials and coal resources 8Tv