Digital Transformation of Listed Agricultural Companies in China: Practice, Performance, and Value Creation

Table 5

Analysis of new Jinnong’s profitability.

year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Business income (hundred million)	14.92	17.69	19.90	19.88	25.05	27.63	30.61	28.01	24.00	40.69
ROE (%)	11.62	6.87	5.21	7.58	8.65	9.65	5.55	−15.54	10.2	9.6
ROA (%)	9.21	5.68	4.15	7.89	8.41	7.34	5.24	−4.81	5.91	6.84
Net profit margin on sales (%)	3.95	3.14	2.15	3.15	4.29	6.31	3.47	−9.34	7.55	6.03
Gross profit margin of sales (%)	12.69	12.1	11.81	14.17	14.03	15.04	18.46	14.75	23.36	28.32