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China Heart to Heart expects its net profit for the whole of 2021 to increase by no less than 200% on a year-on-year basis

2022-01-20View Original

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China Heart to Heart expects its net profit for the whole of 2021 to increase by no less than 200% on a year-on-year basis. Author/Source: Xinjiang Heart to Heart Energy Chemical Co., Ltd. Date: 2022-01-20 Clicks: 14 China Heart to Heart Fertilizer Co., Ltd. (1866.HK) is pleased to announce that it expects the group’s net profit for the year ending December 31, 2021, to increase by no less than 200% compared to the same period last year. The increase in net profit is mainly due to the following factors: 1. By leveraging its leading position in the fertilizer industry, the group has managed to improve the performance of various chemical products; the combined approach of focusing on both fertilizers and chemicals facilitates coordinated development within the industrial chain, thereby promoting steady growth in performance ; 2. By making use of a centralized layout, flexible adjustments can be fully utilized to ensure maximum resource utilization; production technologies should be continuously optimized and upgraded, innovation in technology should be promoted, and the advantages of \"low cost + differentiation\" should be strengthened to achieve high-quality development ; 3. Rising international energy and food prices have driven up the costs of fertilizers and chemical products, which has had a significant positive impact on the group’s main products: melamine, furfural, and methanol.

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