The methionine project is going well and Bon shares increased net profit by 23% in the first quarter

the 2014 surge in performance of Hebang shares (603077, shares bar) (603077) on the evening of April 29 to hand over the first report card of the yearFrom the performance point of view, the company basically maintained a high growth trendThe first-quarter report for 2015 showed that Hebang's operating income in January-March was RMB488 million, an increase of 24.44% over the same period last year;yXL
The company's positive performance growth is mainly due to the transformation and developmentHebang share quarterly report also announced the progress of major contractsThe company said that recently with a European company (in accordance with the contract confidentiality provisions, non-disclosure), Japan's Nisa, China Chengda Engineering Co., Ltdin Chengdu, the methionine project's basic design package conducted a final review, the review of the design in line with the requirements, into the detailed designThe company's annual output of 100,000 tons / year (the first phase of 50,000 tons / year) methionine project is a non-public public fund-raising construction, is the company's transition to the high-end of one of the force pointsyXL
Pacific Securities Yao Xin pointed out that the current stable production of methionine device only Blue Star Andisu (Nanjing) 70,000 tons / year, Sumitomo (Dalian) 20,000 tons / year, insufficient production led to China's high dependence on methionine imports, domestic methionine price in 14 years from 40,000 yuan / ton rose to 100,000 yuan / tonAs a result, it expects the project to contribute 200 million yuan a year in net profit to the company once it is put into operationyXL
While the company's transformational development projects are going well, it is no longer possible to experience a surge in performance this year, as it did last year The company said it acquired a 51% stake in Leshan and Bang Agricultural Technology Co., Ltd through a non-public offering in April 2014, achieving a 100% stake in it In accordance with the provisions of the enterprise accounting standards, constitute a non-same-controlled enterprise merger achieved through multiple transactions step-by-step, this matter led to a significant increase in investment income in January-June 2014 As there was no investment return in January-June 2015, cumulative net profit from the beginning of the year to the end of the next reporting period is expected to decrease compared to the same period a year earlier yXL the first report card of the year was handed over on the evening of April 29th by the company's soaring 2014 performance From the performance point of view, the company basically maintained a high growth trend The first-quarter report for 2015 showed that Hebang's operating income in January-March was RMB488 million, an increase of 24.44% over the same period last year; yXL
　　The company's positive performance growth is mainly due to the transformation and development Hebang share quarterly report also announced the progress of major contracts The company said that recently with a European company (in accordance with the contract confidentiality provisions, non-disclosure), Japan's Nisa, China Chengda Engineering Co., Ltd in Chengdu, the methionine project's basic design package conducted a final review, the review of the design in line with the requirements, into the detailed design The company's annual output of 100,000 tons / year (the first phase of 50,000 tons / year) methionine project is a non-public public fund-raising construction, is the company's transition to the high-end of one of the force points yXL
　　Pacific Securities Yao Xin pointed out that the current stable production of methionine device only Blue Star Andisu (Nanjing) 70,000 tons / year, Sumitomo (Dalian) 20,000 tons / year, insufficient production led to China's high dependence on methionine imports, domestic methionine price in 14 years from 40,000 yuan / ton rose to 100,000 yuan / ton As a result, it expects the project to contribute 200 million yuan a year in net profit to the company once it is put into operation yXL
　　While the company's transformational development projects are going well, it is no longer possible to experience a surge in performance this year, as it did last year The company said it acquired a 51% stake in Leshan and Bang Agricultural Technology Co., Ltd through a non-public offering in April 2014, achieving a 100% stake in it In accordance with the provisions of the enterprise accounting standards, constitute a non-same-controlled enterprise merger achieved through multiple transactions step-by-step, this matter led to a significant increase in investment income in January-June 2014 As there was no investment return in January-June 2015, cumulative net profit from the beginning of the year to the end of the next reporting period is expected to decrease compared to the same period a year earlier yXL
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