Nutrichem’s Annual Report in 2020

Nutrichem issued 2020 Preliminary Earnings Estimate on the evening of Feb. 26th. During the reporting period, Nutrichem realized operating income of RMB 6.292 billion (USD972 million), a YoY growth of 18.81%, and net attributable profit belonged to parent company of RMB 332 million(USD 51.3 million), a YoY growth of 17.70%, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of RMB 275 million(USD 42.5 million), a YoY growth of 2.23%.

During the reporting period, the company’s total operating income and the net profit attributable to the shareholders of the listed company increased year on year. The main reasons are as follows: on the basis of the prevention and control of the epidemic, the company effectively organized the resumption of work and production, tried its best to reduce the impact of the epidemic, conducted steady production and operation, and ensured the product supply capacity.Affected by the recovery of the supply side of the domestic market and intensified market competition, the company adjusted its price strategy, increased promotion efforts and actively explored domestic and foreign market, thus realizing the YoY increase of total operating income and net profit.

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