Workflow
中粮科技H1净利润增超七成 下半年多个项目将投产

Core Viewpoint - Despite a decline in revenue, the company achieved a significant increase in net profit due to cost control measures and efficiency improvements [1] Financial Performance - The company reported a revenue of 8.812 billion yuan, a year-on-year decrease of 11.09% [1] - Net profit attributable to shareholders reached 107 million yuan, marking a year-on-year increase of 74.44% [1] - The net profit excluding non-recurring gains and losses was 31.9079 million yuan, up 71.50% year-on-year [1] - In Q1, the company achieved a net profit of 40.5315 million yuan, while Q2 net profit was 66.7151 million yuan, reflecting a quarter-on-quarter growth of 64.60% [1] Cost Management - The company's operating costs decreased by 12.40%, outpacing the revenue decline [1] - The increase in gross margin for agricultural product processing and sales was 1.3 percentage points compared to the same period last year [2] - Sales expenses were 92.81 million yuan, down 2.14% year-on-year, and management expenses were 266 million yuan, down 4.53% year-on-year [5] Projects and Developments - The company is advancing multiple projects, including a 150,000-ton/year starch sugar expansion project in Chengdu and a 30,000-ton/year poly-lactic acid project relocation [5] - The Chengdu expansion project aims for production by the end of August, while the poly-lactic acid project is on track for trial production by the end of the year [5] - The company received administrative approval for the enzyme method production of D-alose sugar in early July [5]