Xinyangfeng Agricultural Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 12, 2020 at 03:47 am EDT
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Xinyangfeng Agricultural Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 5,378.906 million compared to CNY 5,775.279 million a year ago. Operating income was CNY 627.168 million compared to CNY 784.326 million a year ago. Net income was CNY 503.420 million compared to CNY 630.459 million a year ago. Basic earnings per share from continuing operations was CNY 0.39 compared to CNY 0.48 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.