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Lier Chemical: Net profit of USD 77.7 million in H1 2021, up by 97.7% YoY


Lier Chemical Co., Ltd (Lier Chemical, China’s largest glufosinate-ammonium manufacturer at present) issued the semi-annual report 2021. During the reporting period, the company achieved operating revenue of USD486.3 million and net profit of USD77.7 million, representing an increase of 34.5% YoY and 97.7% YoY respectively.


Main products of Lier Chemical include:

◇       Organophosphorus herbicide: glufosinate-ammonium

◇       Pyridine herbicides: clopyralid, picloram, fluroxypyr, triclopyr, clodinafop-propargyl and aminopyralid

◇       Urea herbicides: diuron, linuron, fluometuron, chlortoluron, isoproturon, tebuthiuron, bensulfuron-methyl and halosulfuron-methyl

◇       Amide herbicides: mefenacet, napropamide, and propyzamide

◇       Other herbicides: flumioxazin and oxadiazon

◇       Triazole fungicides: epoxiconazole and iprodione

◇       Intermediates: 2-methylpyridine and 2,2'-bipyridine

◇       Pesticide formulations


Table : Financial performance of Lier Chemical, H1 2020, H1 2021 (million USD)


H1 2021

H1 2020

YoY change





Cost of sales




Net profit




Distribution expenses




Administrative expenses




Financial expenses




R&D investment





Closing balance

Opening balance

YoY change

Total assets








          Source: Lier Chemical


In H1 2021, the demand for glufosinate-ammonium continued to improve, and Lier Chemical's performance increased significantly. According to market information, in H1 2021, the average ex-factory price of glufosinate-ammonium (95% TC) was USD295.5/ton, up by 25.4% YoY and 20.3% QoQ. Benefiting from this, in H1 2021, company's revenue of pesticide technical business increased by 36.44% YoY and the gross profit margin increased by 2.89%.


With the launch, promotion and application of new glufosinate-ammonium-resistant gene products developed by multinational companies in recent years, and the ban on products such as paraquat and dicamba in foreign markets, the market demand for glufosinate-ammonium is expected to further improve, and the company's profitability is expected to continue to increase. 

Lier Chemical has used its own technological advantages to master the key technology of glufosinate-ammonium synthesis, and has now become the largest glufosinate-ammonium production enterprise in China. At present, the company has a capacity of 15,400 tons of glufosinate-ammonium, of which the Mianyang base has production capacity of 8,400 t/a, and the Guang'an base has 7,000 t/a (another 3,000 t/a capacity is under construction).


In order to further enhance market competitiveness, Lier Chemical has developed glufosinate-p. The company plans to have 3,000 t/a and 20,000 t/a of glufosinate-p production capacity in Guang'an and Mianyang bases respectively, of which the 3,000 t/a glufosinate-p production capacity at Guang'an base is expected to reach in January 2022.


Industry experts predict that the performance of glufosinate-ammonium in H2 will continue to be promising. The current trend of rising prices of glufosinate-ammonium is still obvious. The average price in July reached USD35.2 thousand/ton, and the average price in August rose to USD35.7 thousand/t, which is higher than the average price of Q2, up by 22-23%. It is expected to maintain a high boom in H2, and the company's gross margin is expected to further increase.


While increasing the production of glufosinate-p, Lier Chemical has further laid out new production capacity of cyantraniliprole, chlorantraniliprole, thiabendazole and nicosulfuron, which will add new profit growth points for the long-term development of the company.


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