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Jintaiyang Grain and Oil Corp’s Net Profit Was RMB 23.54 Million, up 11.5% YoY

China Agriculture Report By CnAgri2017-09-05 09:42:10China Agriculture Report Print As a listed company of the New Three Board, Jintaiyang Grain and Oil Corp’s revenue reached RMB 662 million in the first half of 2017, up 0.57% year on year; the net profit was RMB 23.54 million, up 11.5% year on year. The company’s main business is sunflower seed oil, accounting for 36% of the revenue but because 80% of the products is bulk oil and the brand premium is weaker, the gross profit rate of sunflower seed oil is only 8.1%.
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