Prumix daily Dated on 2024-04-25

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On April 23, according to Sanyuan Biotech's 2023 annual report, revenue in 2023 was 499 million yuan, a year-on-year decrease of 25.99%; net profit was 58.8744 million yuan, a year-on-year decrease of 64.03%. Sanyuan Biotech said that in 2023, affected by factors such as the large amount of new erythritol production capacity put into the market in the early stage, destocking of the erythritol industry, intensified competition, and lower-than-expected demand from downstream customers, the company’s erythritol sales volume and market price will decline. At a low level, the company's overall profitability has declined and its performance has not met expectations.