Sinofert Holdings Limited has released its annual results for the twelve months ending December 2022, showing a steady increase in revenue of 1.6% year-on-year to RMB 23,003 million. The Group’s gross profit also climbed by 31.43% year-on-year to RMB 2,576 million, while profit attributable to the Company’s owners increased by 28.84% year-on-year to RMB 1,117 million. These impressive figures were achieved through the Group’s adherence to a cross-business collaboration strategy with Syngenta Group in China, which has enabled it to promote quality and rapid development of crop protection and seed businesses.
One of the critical highlights of Sinofert’s annual results was the compound annual growth rate of 24% for the past three years in revenue from the collaborative development of the crop protection business, which amounted to RMB 336 million in 2022. The Group’s three business segments: Basic Fertilizers, Distribution, and Production, all showed progress during the Period, demonstrating its ability to execute its strategies successfully.
