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Nutrichem: net profit sharply up by 43.7% YoY to USD46.0 million in 2017

In 2017, Beijing Nutrichem Company Limited (Nutrichem) made revenue of USD968.5 million, up by 34.7% year on year, and net profit of USD46.0 million, sharply up by 43.7% year on year.

 

Table 4: Financial performance of Nutrichem, 2016, 2017 (million USD)

Index

2017

2016

YoY change

Revenue

968.5

719.0

34.7%

Cost of sales

954.0

679.7

40.3%

Net profit

46.0

32.0

43.7%

Gross profit margin

16.4%

17.8%

-

Distribution expenses

15.7

13.4

25.7%

Administrative expenses

64.4

51.4

21.6%

Financial expenses

53.1

7.6

-17.2%

R&D investment

29.8

27.3

1.7%

-

Closing

balance

Opening

balance

YoY change

Total assets

2,171.8

1,842.7

17.9%

Debts

1,475.5

1,226.9

20.27%

Source: Nutrichem

 

Table 5: Revenue distribution of Nutrichem, 2016, 2017

Category

Item

2017

2016

Revenue,

mln USD

Share by total

Revenue,

mln USD

Share by total

By product

Self-produced Agrochemicals

494.7

51.1%

369.4

51.4%

Trading Agrochemicals

464.9

48.0%

341.7

47.5%

Technical consulting

6.1

0.63%

6.5

0.90%

By region

Overseas

600.8

62.0%

493.5

68.6%

Domestic

365.0

37.7%

224.1

31.2%

Source: Nutrichem