Sino Agro Food Inc's Suppliers recorded an increase in sales by 18.22 % year on year in Q1 2022, sequentially sales grew by 8.39 %, while their net profit margin fell to 14.6 % year on year, Sino Agro Food Inc's Suppliers improved sequentially profit margin to 8.39 %,
Sino Agro Food Inc's Suppliers recorded an increase in sales by 18.22 % year on year in Q1 2022, sequentially sales grew by 8.39 %, while their net profit margin fell to 14.6 % year on year, Sino Agro Food Inc's Suppliers improved sequentially profit margin to 14.6 %,
Sino Agro Food acts as the project manager providing turnkey services to the Chinese
developer of the project, meaning that Sino Agro Food builds the project using
Sino Agro Food’s technology, systems, know-how, and management expertise
and systems. As such, Sino Agro Food’s expenditure in the project includes
Sino Agro Food’s own administration and operational expenses provided for
and incurred in the project (charged and recorded under Sino Agro Food’s
general and administrative operation expenses), which are billed to the Chinese
developer. All other development expenditures (inclusive of Sino Agro Food’s
subcontractors’ and sub-suppliers’ costs and Sino Agro Food’s
marked up profits) are billed to the Chinese developer who will pay accordingly.
Sino Agro Food Inc's Comment on Supply Chain
Sino Agro Food acts as the project manager providing turnkey services to the Chinese
developer of the project, meaning that Sino Agro Food builds the project using
Sino Agro Food’s technology, systems, know-how, and management expertise
and systems. As such, Sino Agro Food’s expenditure in the project includes
Sino Agro Food’s own administration and operational expenses provided for
and incurred in the project (charged and recorded under Sino Agro Food’s
general and administrative operation expenses), which are billed to the Chinese
developer. All other development expenditures (inclusive of Sino Agro Food’s
subcontractors’ and sub-suppliers’ costs and Sino Agro Food’s
marked up profits) are billed to the Chinese developer who will pay accordingly.
SIAF's Suppliers Net Income grew by
SIAF's Suppliers Net margin fell in Q1 to
13.52 %
14.6 %
SIAF's Suppliers Net Income grew by 13.52 %
SIAF's Suppliers Net margin fell in Q1 to 14.6 %
Sino Agro Food Inc's Suppliers Sales Growth
in Q1 2022 by Industry
Sources:
Sino Agro Food Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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