Listed NPK Companies’ Operating Revenues and Profits in the First Half of 2017 Both Dropped

By CnAgri2017-09-11 11:40:52 Print Main listed NPK companies such as Kingenta, Xinyangfeng, Stanley, Sierte and Batian all released half-year reports of 2017. The details of performance are as follows:  
 
Kingenta: in the first half of 2017, operating revenues reached RMB 1,247,459.13, up 18.07% year on year; net profits stood at RMB 79,443.20, up 2.06% year on year.
 
Xinyangfeng: in the first half of 2017, operating revenues reached RMB 512,737.79, up 1.31% year on year; net profits registered RMB 43,047.96, down 7.90% year on year.
 
Stanley: in the first half of 2017, operating revenues stood at RMB 80,939.14, down 7.08% year on year; net profits reached RMB 20,435.71, down 45.88% year on year. 
 
Sierte: in the first half of 2017, operating revenues registered RMB 101,491.49, down 27.1% year on year; net profits reached RMB 9,088.33, down 27.66%.
 
Batian: in the first half of 2017, operating revenues reached RMB 83,194.28, down 9.11% month on month; net profits were RMB 1,125.55, down 82.45% year on year.
 
As a whole, in the first half of 2017, except for Kingenta, other NPK companies’ operating performance all dropped, especially Batian saw a drop of 82.45% in net profits. The main reasons for this phenomenon are a drop in agricultural production margins, a fall in farmers’ incomes and a weak demand; fluctuations in materials prices and environmental examinations.   
 
Table,Listed NPK Companies’ Operating Revenues and Profits in the First Half of 2017

Companies	Operating Revenues	The Same Period	Profits	The Same Period
Kingenta	1,247,459.13	18.07%	79,443.20	2.06%
Xinyangfeng	512,737.79	1.31%	43,047.96	-7.90%
Stanley	80,939.14	-7.08%	20,435.71	-45.88%
Sierte	101,491.49	-27.1%	9,088.33	-27.66%
Batian	83,194.28	-9.11%	1,125.55	-82.45%