Yangnong Chemical announced that in the third quarter of 2021, the company's operating income was 2.559 billion yuan, an increase of 25.49 percent over the same period last year; the net profit belonging to shareholders of listed companies was 224 million yuan, an increase of 14.11 percent over the same period last year; the net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 219 million yuan, an increase of 59.8 percent over the same period last year; and basic earnings per share was 0.723 yuan per share.

According to the 2021 report of Yangnong Chemical Industry, the company's main income was 6.682 billion yuan, up 12.94% from the same period last year; the net profit was 791 million yuan, down 4.28% from the same period last year; and the non-net profit was 770 million yuan, down 5.75% from the same period last year. In the second quarter of 2021, the company's main income in a single quarter was 2.975 billion yuan, up 7.8% from the same period last year; and the net profit in a single quarter was 347 million yuan, down 8.81% from the same period last year. The non-net profit in a single quarter was 309 million yuan, down 16.03% from the same period last year; the debt ratio was 46.85%, the investment income was 5.5411 million yuan, the financial expenses were 32.0517 million yuan, and the gross profit margin was 23.97%.

A total of 21 institutions have rated the stock in the last 90 days, with 21 buy ratings; the average institutional target price has been 146.17 in the past 90 days; the net outflow of financing in the past three months has been 92.7107 million, resulting in a decrease in the financing balance; and the net inflow of securities has increased by 542600. According to Securities Star valuation analysis tool, Yangnong Chemical (600486) good company has a rating of 3.5 stars, a good price rating of 3 stars, and a comprehensive valuation rating of 3 stars.

The chairman of the company is Qin Hengde. Qin Hengde, male, born in April 1970, Tujia nationality, member of the Communist Party of China, graduate student, senior accountant. He was appointed Executive Director and Chief Executive Officer of the Company in December 2016 to lead the overall work of the Company. He is also the Chairman of the Corporate Governance Committee of the Company. Mr. Qin graduated with a bachelor's degree in engineering from the Department of Economics and Management of East China Institute of Technology in 1991, a master's degree in industrial engineering from Huazhong University of Science and Technology in 2002, and a master's degree in business administration from CEIBS in 2011. From November 1991 to July 2004, Mr. Qin served as Assistant Director of Finance, Director of Finance, Deputy Chief accountant of Hubei Hongqi Cable Factory, Chief accountant of CIC Yuanyi Industrial Co., Ltd., and Deputy General Manager of Investment Management Department of Delong International Strategic Investment Co., Ltd. Mr. Qin served as General Manager, Financial Director, Deputy General Manager and Executive Deputy General Manager and General Manager of Business Development Department of Sinochem International (Holdings) Co., Ltd. (a company listed on the Shanghai Stock Exchange (stock code: 600500) from July 2004 to December 2016, and served as Halcyon Agri Corporation Ltd from November 2016 to January 2017. Director and non-executive chairman of a company listed on the Singapore Stock Exchange; served as GMGGlobalLtd from September 2008 to November 2016. As a director and non-executive chairman of Sinochem; and served as an executive director of China seed Group Limited, a subsidiary of Sinochem from December 2016 to April 2019. Mr. Qin is a senior accountant with rich experience in strategic and investment M & A management and financial management. Mr. Qin is also a director of a subsidiary of the Company.

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