Yangnong’s profit compound growth rate is 22.5% since listing 20 years ago,

Jiangsu Yangnong has maintained steady growth in business performance since its listing 20 years ago, with the compound growth rate of sales revenue and total profit reaching 21.9% and 22.5% respectively. Since the listing of the company's cumulative distribution of cash dividends reached 2.098 billion yuan, 2.27 times the total amount of funds raised.

The responsible person of Yangnong Chemical said that in the past 20 years, the rapid growth of the company's performance is mainly due to the following aspects of capabilities and advantages:

1. Local scientific and technological innovation capability. 

The company's core product Pyrethroid has broken the monopoly of multinational companies in the Chinese market for many years, filled in 20 technical gaps at home and abroad, and has won the national manufacturing individual champion and China Industry Award.

2. Brand influence. 

The company accounts for more than 70% of the domestic market share, and maintains good cooperation with international agrochemical multinational companies. Currently, it is the only Chinese local enterprise among the top ten agrochemical enterprises in the world.

3. Rapid engineering transformation ability. 

The company can master a variety of hazardous technology engineering, built a number of high-level industrial equipment, engineering construction quality, efficiency leading in the industry.

In addition, the company has good cost control, quality control and digital, intelligent capabilities, labor productivity in the international leading level. With advanced treatment technology, the company has taken the lead in realizing the whole life cycle management of chemicals in China's agricultural chemical industry.

It is showed that in 2022, Yangnong Chemical’s sales revenue exceeded 15 billion yuan for the first time, the business indicators hit a new high, the year obtained 75 patents authorized. In the first quarter of 2023, under the dual impact of the sharp decline in market prices and declining demand, the company's operating revenue decreased by 14.6% and net profit attributable to the parent decreased by 16.6%. Meanwhile, thanks to the company's good working capital control, the cash flow from operating activities increased by 92.7%.