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Nantong Jiangshan: net profit amounted to USD26.1 million in H1 2019, up 0.88% YoY

Total revenue of Nantong Jiangshan Agrochemical & Chemical Co., Ltd (Nantong Jiangshan) in H1 2019 amounted to USD362.3 million, representing a YoY increase of 29.3%, while net profit reached USD26.1 million, representing a YoY growth of 0.88%. 


Currently, Nantong Jiangshan mainly specializes in such TC and formulations products as glyphosate, dichlorvos, trichlorphon, alachlor, acetochlor, butachlor, imidaclothiz and nitenpyram.

 

Nantong Jiangshan said that in the reporting period, its average gross profit rate reached 17.8%, down 1.2 percentage points YoY, and the main reason is that salary and price of some raw materials increased.

 

Based on the analysis of income structure, during the reporting period, Nantong Jiangshan’s pesticide products achieved an income of USD231.5 million, representing a YoY increase of 31.5%, while chemical products recorded an income of USD30.8 million, representing a YoY decline of 19.6%.

 

It is shown in Nantong Jiangshan’s announcement released in H1 2019 that Sichuan Leshan Fuhua Agricultural Science Group, the parent company of Sichuan Leshan Fuhua Tongda Agro-Chemical Technology Co., Ltd (Fuhua Tongda), acquired part of the shares from Nantong Jiangshan.

 

Fuhua Group has made a commitment to integrate Fuhua Tongda into Nantong Jiangshan through assets reorganization within the next 3 years to facilitate business integration between the two companies. 


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