Yangnong is expected to make a profit of ¥1.711 billion to ¥1.955 billion in 2022, with a yoy growth of 40%-60%

On January 21, Yangnong announced a pre-increase in its 2022 annual performance. The announcement shows that Yangnong is expected to achieve annual net profit attributable to the owner of the parent company in 2022 about ¥1.711 billion to about ¥1.955 billion, compared with about ¥1.222 billion in the same period last year, will increase about ¥489 million to about ¥733 million, an increase of 40% to 60%. It is estimated that the net profit attributable to the owner of the parent company in 2022 after deducting non-recurring gains and losses will be ¥181,5959900 to ¥204,07,048,900, compared with ¥113,7249,400 in the same period of last year, an increase of ¥68,234,600 to ¥90,979,500, a year-on-year increase of 60% to 80%.

 The main reason for the increase in performance

The impact of main business

During the reporting period, the company grasped the market opportunity of the price recovery of some major products, actively expanded the market, coped with the adverse impact of the epidemic, made overall management of epidemic prevention and control and production and operation, accelerated the orderly production of the fourth phase of Youjia project, supported more sales with more production, effectively guaranteed the market demand, and promoted the improvement of business performance during the reporting period.

The impact of non-recurring profit and loss

During the reporting period, non-recurring gains and losses were mainly from forward settlement of foreign exchange. In response to the impact of foreign exchange market fluctuations, the Company locks in exchange rate fluctuations through forward settlement of foreign exchange.