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YONFER Agricultural Technology (SZSE:000902) Hasn't Managed To Accelerate Its Returns
Shouchuang Securities: The price of fertilizer has rebounded slightly in the third quarter, focusing on the situation of winter fertilizer reserves.
Nitrogen fertilizer prices experienced a rebound in the third quarter after a recent correction; Potassium fertilizer supply is relatively ample, with the escalation of the Middle East situation posing hidden concerns for potassium fertilizer trade.
YONFER Agricultural Technology Logs Growths of 25% in Q3 Profit, 3% in Revenue
xinyangfeng agricultural technology (000902.SZ): The net profit attributable to the parent company of iron phosphate in the first three quarters is estimated to be a loss of around 30 million.
Gelonghui October 18th | Xinyangfeng (000902.SZ) held an analyst meeting on October 18, 2024, to discuss the current situation of ferrous phosphate losses. Will the company continue to invest in ferrous phosphate? The company stated that in the first three quarters of this year, the net income of ferrous phosphate amounted to approximately a loss of around 30 million. The ferrous phosphate subsidiary is accounted for separately, and considering the self-supply of raw material industrial monoammonium phosphate, the impact on net income is even smaller. Ferrous phosphate has been in deficit for over two years, with a small possibility of further price drop in the coming year. It cannot be ruled out that it may contribute positively to profitability in the next year or so. The company currently has no plans to do so.
xinyangfeng agricultural technology (000902.SZ): Currently, the proportion of recycling phosphogypsum has exceeded 50%.
Gelonghui October 18th | xinyangfeng agricultural technology (000902.SZ) held an analyst meeting on October 18, 2024, to discuss "How much has the company invested in the recycling of phosphogypsum? What percentage of the company's current phosphogypsum recycling can be achieved?" The company stated that the phosphogypsum recycling facility in this round has solidified, with a total investment of 1 billion yuan. Small and medium-sized phosphate fertilizer companies cannot afford this level of investment. Currently, the cost and expenses per ton of ammonium phosphate processed by phosphogypsum recycling are 20-30 yuan higher than those piled up in the slag field. The current proportion of phosphogypsum recycling by the company has exceeded 50.
Xinyangfeng: Report for the third quarter of 2024
YONFER Agricultural Technology Co., Ltd. (SZSE:000902) Looks Inexpensive But Perhaps Not Attractive EnoughNo Data
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