Sichuan Meifeng Achieved RMB208 million Net Profit in the First Half of 2021

Date:2021-08-26 Author:Grace Source:chinaspv.com

August 26, 2021, Deyang, China, On August 24, Sichuan Meifeng released 2021 semiannual report. The company reached operating revenue of RMB1,778 million in the first half of 2021, up by 28.41% YOY; net profit attributable to shareholders of the listed company was RMB208 million, up by 413.33% YOY; earnings per share reached RMB0.35.

The company noted that the industry prosperity continued to improve due to better epidemic control, domestic economic recovery and relation of market supply and demand. The company seized market trend, organized production and reached smooth operation of process units.

The company mainly produces and sells urea, compound fertilizer, adblue, melamine, nitric acid, nitramine, plastic packaging products and LNG. The report showed that from January to June, the company produced 208,300t urea and 163,000t compound fertilizer and 178,7000t and 170,800t of which were sold respectively. The outputs of adblue, melamine, fluid nitramine, plastic packaging products and LNG were 114,800t, 26,700t, 130,800t, 4,300t and 94,000t, and sales volumes were 114,900t, 26,700t,87,500t, 4,300t and 94,000t respectively.