Xinyangfeng Agricultural Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 18, 2022 at 05:00 am EDT
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Xinyangfeng Agricultural Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 4,544.6 million compared to CNY 3,311.07 million a year ago. Revenue was CNY 4,544.6 million compared to CNY 3,311.07 million a year ago. Net income was CNY 407.13 million compared to CNY 327.97 million a year ago. Basic earnings per share from continuing operations was CNY 0.324 compared to CNY 0.261 a year ago. Diluted earnings per share from continuing operations was CNY 0.317 compared to CNY 0.261 a year ago.
YONFER Agricultural Technology Co Ltd, formerly Xinyangfeng Agricultural Technology Co Ltd, is a China-based company principally engaged in the research, development, production and sale of phosphate compound fertilizer and new fertilizers. The Company's main products include monoammonium phosphate, potassium sulfate compound fertilizer, urea-based compound fertilizer, tower compound fertilizer, bulk blend (BB) fertilizer, organic-inorganic fertilizer and calcium superphosphate, among others. The Company also provides solutions to the modern agricultural industry. The Company distributes its products in domestic market and to overseas markets.