Jianfeng Chemical Earnings Affected by Supply Shortage of Gas

来源 :China Chemical Reporter | 被引量 : 0次 | 上传用户:caipeng1999
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Chongqing Jianfeng Chemical Co., Ltd. (SZ: 000950) said 2009 sales rose 43.75% to RMB2.08 billion, and net profit declined 24.96% from a year earlier to RMB205 million, or RMB0.60 per share, slightly missing market expectations. The lower profit was a result of weak urea prices, which did not recover until the fourth quarter of 2009, and the higher natural gas prices caused by tight supply in domestic market. The company expanded urea trade by selling urea made by other companies Chongqing Jianfeng Chemical Co., Ltd. (SZ: 000950) said 2009 sales rose 43.75% to RMB2.08 billion, and net profit declined 24.96% from a year earlier to RMB205 million, or RMB0.60 per share, slightly missing market expectations The lower profit was a result of weak urea prices, which did not recover until the fourth quarter of 2009, and the higher natural gas prices caused by tight supply in domestic market. The company expanded urea trade by selling urea made by other companies
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