Excellent performance in 2022 witnesses the high-quality development of Yonfer's Two Main Businesses.
Yonfer's revenue and profits have reached new highs.
By leveraging its core advantages, Yonfer has stood at a higher development point.
In 2022, under the dramatic changes of international situation, repeated impacts of the COVID-19, rare downturn of domestic economy, and difficult challenges of the industry's operating environment, Yonfer has strengthened its strategy, enhanced its strength and sought innovation, as well as adhered to the high-quality development path of two main businesses of phosphate and compound fertilizer and fine chemicals, and once again demonstrated the strength and confidence of a leading enterprise with the performance of double growth of revenue and profit. By leveraging its core advantages and maintaining healthy and stable growth, Yonfer has stood at a new and higher development point.
On April 17, 2023, Xinyangfeng Agricultural Technology Co., Ltd. (Yonfer) released its 2022 Annual Report. The report shows：
1. Simultaneous double growth of revenue and profit
In 2022, Yonfer achieved a revenue of 15.958 billion yuan (equivalent to 2.323 billion USD), with an increase of 35.22% year-on-year. The net profit attributable to shareholders of the listed company was 1.309 billion yuan (equivalent to 0.19 billion USD), with an increase of 8.36% year-on-year. As of the end of 2022, the total asset of Yonfer reached 16.839 billion yuan (equivalent to 2.45 billion USD), with an increase of 27.38% compared to the end of the previous year. The net asset attributable to shareholders of the listed company was 8.583 billion yuan (equivalent to 1.249 billion USD), with an increase of 6.76% compared to the end of the previous year. (1 USD=6.87 yuan)
2. Excellent sales performance
In 2022, under the "roller coaster" situation of agricultural materials market, the sales volume of Yonfer's phosphate and compound fertilizer reached 4.7673 million tons, with an increase of 3.33% year-on-year. Wherein, the sales volume of phosphate fertilizer is 929,700 tons, conventional compound fertilizer 2.9293 million tons, and new compound fertilizer 908,300 tons.
3. Four major advantages promote the healthy development of business scale
By leveraging cost advantages, Yonfer has enhanced its own core competitiveness .
By leveraging brand advantages, Yonfer has improved its own market resilience with higher quality and reputation.
By leveraging innovative advantages, Yonfer focused on key development directions of the industry.
By leveraging the advantages of industrial chain integration, Yonfer has accelerated its own transformation to the field of fine chemicals .
At present, Yonfer has an annual production capacity of approximately 9.9 million tons of various high concentration phosphate and compound fertilizers, built 11 large modern production facilities across the country and more than 8,000 employees.
2022 is a crucial year for Yonfer to achieve the success of industrial upgrading and simultaneous development of two main businesses through cohesion, pragmatism and innovation. Bravely advancing in the current, seeking under the mission, building a new pattern of development, and embarking on a new journey towards the future, Yonfer will continue to write a new chapter of high-quality development!
