Think Real News

rss

Think Real press releases and industry coverage


Hailir: net profit +25.6% YoY to USD36.0 million in H1 2020

 

Hailir Pesticides and Chemicals Group (Hailir) released the H1 2020 financial report. In H1, the company made revenue of USD272.5 million, up by 33.3% year on year, and net profit of USD36.0 million, up by 25.6% year on year.

 

Such rises can be mainly attributed to:

1. Increased sales volume of pesticide technical. Hailir enlarged the development of sales channels and sales of its self-produced pesticide technical when the market price declined.

2. Stably improved sales of pesticide formulations. The price of pesticide technical purchased outside decreased and the corresponding gross profit margin increased.

3. Sound business operation. In H1, the company resumed production early and made active response to both domestic and foreign demands.

 

In H1, Hailir vigorously expanded the product range and production capacity:

1. The main body construction, equipment installation, and commissioning of thiamethoxam and clothianidin technical projects which were funded by self-raised capital were finished and the projects were put into trial operation.

2. The prothioconazole technical (fungicide) project construction and equipment installation were accelerated.

3. The dinotefuran technical project construction was under preparation.

4. Qingdao Hengning (subsidiary) was promoted to actively carry out product & process screening and project feasibility study.

5. Hailir continued to expand the overseas market. In H1, the company completed the filing for the establishment of Hailir’s Philippines company; now it is trying to set up overseas foundations in countries such as Brazil. All this is solid foundation for the company’s strategic expansion in international market.


Tags

CCPIA Registration Export and Import Jiangsu Flag Hunan Haili GM tetraniliprole environment protection Hailir glyphosate 草甘膦 Nantong Jiangshan Nanjing Redsun Baolingbao Jiangsu Yangnong Fuhua Group pesticides IPO RedSun lysine Imidacloprid Longlive Biotechnology Jiangsu Changqing corn Rotam ADAMA Sinochem Hubei Sanonda Hubei Xingfa Limin NEEQ Veyong Bio-Chemical Meihua Bio Zhejiang Wynca Sugar Policy Metaflumizone Henan Lotus Lianhetech wheat head blight Limin Chemical Export Weifang Rainbow 百草枯 spodoptera frugiperda Fengle Seed DowDuPont Huapont-Nutrichem Sevencontinent Mancozeb Market Dynamic Fufeng Group Pesticide Formulations Bayer Top 100 Lier Chemical ICAMA Nutrichem CAS BASF Price Jiangsu Huifeng Shenzhen Noposion Hebei Veyong pyraclostrobin seed treatment Anhui Guangxin NATESC Noposion QHT CNSA Lianhe Chemical glyphsate Sino-Agri Environmental Protection pesticide Project Dynamic Zhongnongfa Seed Sino-Agri Leading wheat scab Yongnong BioSciences Fall armyworm Zhongbao Lvnong CAAS ABA Chemicals Chlorpyrifos Jiangsu Kwin Sanonda COVID Seed MEP Shandong Qiaochang Qingdao Hailir Sipcam VB2 Xiwang Food Crop and Seed MIIT Shenghua Biok Jingbo Dow AgroSciences Zhejiang Xinnong Huaheng Biotechnology ABACHEM ChemChina DuPont Registration Monitor Shandong Luba Pakistan Glufosinate-P MARA FMC CAC Project Monitor JPRI Azoxystrobin Longping High-Tech Sichuan Hebang Star Lake Bioscience Fuhua Tongda Beijing Yoloo imazamox Company Dynamic Syngenta MOFCOM Insight Output Nippon Soda COFCO Biochemical Bayer CropScience pests & diseases Paraquat MOA Arysta dicamba wheat xanthan gum glufosinate-ammonium Jiangsu Lanfeng Winall Hi-Tech carbendazim Pests and Diseases soybean Jiangsu Jiujiujiu