Lutianhua achieved operating revenue of 4.153 billion yuan in the first half of the year
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On the evening of August 24, Lutianhua released its semi-annual report for 2022; the company achieved operating revenue of 4.153 billion yuan in the first half of the year, a year-on-year increase of 30.39%； The net profit attributable to the shareholders of the listed company amounted to 346 million yuan, representing a year-on-year increase of 12.12%. The company states that, compared to the same period last year, the upward shift in urea prices during the first half of this year was the main factor driving the growth in performance. In the first half of the year, various factors influenced the chemical and fertilizer industry in which the company operates. From January to early June this year, the fertilizer market for the company’s main product, urea, remained characterized by rising prices with little tendency for them to fall. Starting in mid-June, due to changes in demand, prices began to decline steadily.
On August 4, 2022, the Nitrogen Fertilizer Industry Work Conference and the Fourth Meeting of the Seventh Board of Directors were held in Jiujiang, Jiangxi Province, with over 260 representatives from the nitrogen fertilizer industry across the country attending the conference. At the meeting, the 2021 national ranking of nitrogen fertilizer manufacturers was released. Lutianhua Group made it onto the lists for the top 20 in terms of synthetic ammonia production, the top 20 in terms of urea production, and the top 20 in terms of total profit, ranking 18th in each of these categories.