Trusted Market and Commodities-Trade Intelligence
In 2017, Hefei Fengle Seed Co., Ltd. (Fengle Seed) made revenue of USD209.8 million, up by 18.8% year on year, and net profit of USD1.7 million, down by 45.5% year on year.
Fengle Seed is mainly involved in the business of seeds, agrochemicals and perfumes.
l Seeds mainly including hybrid rice seeds, hybrid corn seeds, common rice seeds, wheat seeds, melon & vegetable seeds;
l Agrochemicals mainly including dryland herbicides and insecticides;
l Perfumes mainly including natural menthol and dementholized peppermint oil.
In 2017, Fengle Seed made sales of USD138.3 million from its agrochemicals, up by 33.3% year on year. This can be mainly attributed to its incentive system for marketing and expansion of sales channels based on the market demand. During this period, the company completed its construction and installation of 3 workshops respectively for powders, seed coatings and microcapsules. The production of its 3 projects for the synthesis of pesticide technical is to be resumed soon also.
Index
2017
2016
YoY change
Revenue
209.8
176.6
18.8%
Cost of sales
224.0
184.3
21.6%
Net profit
1.7
3.1
-45.5%
Distribution expenses
20.1
17.9
12.4%
Administrative expenses
14.6
16.4
-11.0%
Financial expenses
1.28
0.25
422.5%
R&D investment
5.1
-0.7%
-
Closing
balance
Opening
YoY
change
Total assets
318.0
300.6
5.8%
Debts
118.1
99.0
19.3%
Source: Fengle Seed
Table : Revenue and gross margin of main business of Fengle Seed, 2017
Item
Revenue,
million USD
Gross margin
YoY change,
percentage points
By product
Seed Products
42.9
-11.9%
33.5%
-0.35
Agrichemical
products
138.3
33.3%
11.6%
0.24
Spice products
47.0
22.6%
7.8%
0.09
By region
Domestic
184.5
13.8%
16.3%
-2.0
Overseas
43.8
45.7%
9.1%
1.9