Zitong Financial App News, New Agricultural Development (600359.SH) disclosed its half-yearly report for 2023. During the reporting period, the company achieved a revenue of 393 million yuan, an increase of 0.03% over the same period last year; a net profit of 59.95 million yuan, an increase of 5.99% over the same period last year; deducting a loss of 4.71 million yuan from non-net profit to a loss from profit to loss; and basic earnings per share of 0.16 yuan.
The net profit after deducting non-recurring profits and losses belonging to the shareholders of listed companies: first, it is mainly caused by the decline in cotton seed sales in the seed industry sector, which contributes more to the company's profits; second, the decline in sales volume and gross profit margin in the dairy sector compared with the same period last year.
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