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Huapont Nutrichem sales up 10.25% in 2014
Source:China Crop Protection Industry Association  author: Cong Lv
  date: 2015-03-20  
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According to the 2014 earnings preannouncement recently issued by Huapont Nutrichem, in 2014, the company realized a total operating income of RMB4.921 billion, up 10.25% year on year; the operating profit was RMB527 million, up 37.03% year on year; the net profit attributable to listed company shareholders was RMB426 million, up 40.96% year on year; and the total profit was RMB541 million, up 38.37% year on year.

 

During the report period, the total assets of the company were RMB13.683 billion, up 78.51 % year on year; and the owner’s equity attributable to the parent company was RMB5.575 billion, up 46.17% year on year.

 

Currency: RMB Yuan

Item

This report period

Last report period

Change (%)

Total operating income

4,921,298,018.23

4,463,630,641.28

10.25

Operating profit

527,350,375.24

384,842,827.39

37.03

Total profit

540,554,302.59

390,671,782.70

38.37

Net profit attributable to listed company shareholders

426,347,062.17

302,449,093.95

40.96

Basic EPS

0.67

0.53

26.42

 

There are two main reasons for the significant growth in most operating indicators of the company in 2014 compared to those last year:

 

First, the company had a good state of operation, its sales grew steadily and its profitability continued to improve. Second, through private placement, the company acquired 100% stake of Shandong Fuer Co., Ltd. and Shandong Kaisheng New Materials Co., Ltd., which contributed to the growth in the operating profit and net profit of the company.

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