Xinjiang Sayram posts 243m yuan loss despite revenue surge

Xinjiang Sayram Modern Agriculture reported 2024 revenue of 1.636 billion yuan, up 68.42% year-on-year, but posted a net loss of 243 million yuan, a 1,758.96% decline.

Operating cash flow fell 234.62% to negative 1.436 billion yuan. The company blamed declining market prices for cotton, cottonseed, and cottonseed protein, which reduced gross profit by 11.235 billion yuan.

Short-term borrowings surged 97.37% to 3.455 billion yuan to finance raw material acquisitions.