Think Real News

rss

Think Real press releases and industry coverage


Lianhetech: revenue from agrochemicals +3.2% YoY to USD402.8 million in 2018

 

In 2018, Lianhe Chemical Technology Co., Ltd. (Lianhetech) made revenue of USD613.0 million, up by 0.2% year on year, and net profit of USD5.6 million, down by 81.7% year on year. Of this, the revenue from pesticide business was USD402.8 million, up by 3.2% year on year. 

 

The fall in net profit can be mainly attributed to the production suspension of Lianhetech Jiangsu site and Yancheng site for 3+ months because of environmental inspection, and the reserves of large amount of money for goodwill impairment.

 

 

Table 1: Financial performance of Lianhe Chemical, 2017, 2018 (million USD)

Index

2018

2017

YoY change

Revenue

613.0

612.0

0.16%

Cost of sales

587.2

570.2

3.0%

Net profit

5.6

30.5

-81.7%

Distribution expenses

8.2

6.7

21.9%

Administrative expenses

89.7

85.5

5.0%

Financial expenses

-3.43

0.5

-758.9%

R&D investment

28.9

29.8

-2.8%

-

Closing balance

Opening balance

YoY change

Total assets

1,285.1

1,292.8

-0.60%

Debts

431.9

449.4

-3.9%


Tags

ADAMA corn Rotam Jiangsu Changqing Sinochem Hubei Xingfa NEEQ Hubei Sanonda Veyong Bio-Chemical CCPIA Jiangsu Flag Hunan Haili Registration Export and Import GM MOA Glufosinate-ammonium Jiangsu Lanfeng wheat Xanthan gum dicamba pests & diseases paraquat Arysta soybean Pests and Diseases carbendazim Winall Hi-Tech Jiangsu Jiujiujiu Jiangsu Yangnong Baolingbao Glyphosate 草甘膦 Nantong Jiangshan environment protection Hailir Nanjing Redsun Fuhua Group pesticides Longlive Biotechnology IPO RedSun lysine Noposion NATESC QHT CNSA glyphsate Lianhe Chemical Environmental Protection Sino-Agri pesticide Project Dynamic Zhongnongfa Seed Yongnong BioSciences Sino-Agri Leading Fall armyworm CAAS wheat scab Zhongbao Lvnong Limin Chemical Export Weifang Rainbow Fengle Seed 百草枯 spodoptera frugiperda Huapont-Nutrichem DowDuPont Meihua Bio Policy Metaflumizone Zhejiang Wynca Sugar Lianhetech Henan Lotus wheat head blight BASF Price pyraclostrobin Hebei Veyong Jiangsu Huifeng Shenzhen Noposion Anhui Guangxin Market Dynamic mancozeb Fufeng Group Shenghua Biok Crop and Seed MIIT Xiwang Food Jingbo Dow AgroSciences Huaheng Biotechnology Zhejiang Xinnong Lier Chemical Bayer ICAMA Nutrichem CAS ABACHEM ChemChina DuPont Registration Monitor Shandong Luba MARA FMC Project Monitor JPRI CAC Longping High-tech Azoxystrobin Beijing Yoloo Star Lake Bioscience Sichuan Hebang imazamox Fuhua Tongda ABA Chemicals Chlorpyrifos Jiangsu Kwin Sanonda seed MEP Shandong Qiaochang Qingdao Hailir VB2 Sipcam MOFCOM Company Dynamic Insight Syngenta Bayer CropScience COFCO Biochemical Output Nippon Soda