Brian Hartzband's questions to Bon Natural Life (BON) leadership • H1 2022
Question
Brian Hartzband, a Private Investor, inquired about the factors driving the increase in average selling prices and the outlook for this trend. He also asked for the company's fiscal 2022 guidance and an update on the new Yumen plant's timeline and expected financial contribution.
Answer
Chairman and CEO Yongwei Hu attributed the price increases to global inflation and supply chain disruptions, stating the company successfully passed these costs to customers and expects the trend to hold. CFO Zhenchao Li projected that the approximate 17% revenue and net income growth from H1 would continue for the remainder of the fiscal year. Mr. Hu also confirmed the new Yumen plant is on schedule and is expected to increase production capacity by 200% and revenue by 150% over two years.