Yangnong Chemical's net profit in the first quarter of 2022 increased by 103.51% year-on-year

On April 26, Yangnong Chemical (600486) released its 2022 first quarter report.
During the reporting period, the company achieved operating income of 5,267,778,294.
74 yuan, a year-on-year increase of 42.
08%; net profit attributable to shareholders of the listed company was 904,316,580.
24 yuan, a year-on-year increase of 103.
51%
.

The net cash flow from operating activities during the reporting period was RMB 789,353,356.
17, and the total assets as at the end of the reporting period were RMB 15,071,094,008.
53
.

During the reporting period, the company realized an operating income of RMB 5,267,778,294.
74, a year-on-year increase of 42.
08%.
The main reasons are: first, the third phase of Youjia project has reached full production, and the first phase of the fourth phase project has been completed and put into operation, and the production capacity and output have increased compared with the same period of the previous year.
Second, the main pesticides Product prices rose compared to the same period last year
.

According to the data, Yangnong Chemical's main business is the research and development, production and sales of pesticide products
.