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Jiangsu Lanfeng: net loss to hit USD88.9-133.4 million in 2018

Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng) made an announcement to revise the prediction on the full-year 2018 financial figures, “The net loss would reach USD88.9-133.4 million in 2018,” said the announcement. This prediction is a result of the preliminary estimate of the financial department of Jiangsu Lanfeng and has not yet been audited by the certified public accountant.

 

Hailir: net profit to increase by 30-60% YoY in 2018

In January 2019, Hailir Pesticides and Chemicals Group forecast an increase in the full-year 2018 financial figures. The primary estimate shows that its net profit would increase by 30-60% year on year and hit USD56.3-66.7 million in 2018.

 

China’s planting area of soybean and oil plants to increase by at least 0.3 million ha respectively in 2019

On 21 February 2019, the Ministry of Agriculture and Rural Affairs of the People’s Republic of China (MOA) unveiled the 2019 Work Focus of the Planting Industry, “In 2019, China should strive to increase the planting area of soybean and oil plants by at least 0.3 million ha respectively, and should increase the area of high standard farmland by at least 5.3 million ha.”

 

Jiangsu Huifeng: Cancellation of stock risk warning

In 2019, Jiangsu Huifeng Agrochemical Co., Ltd (Jiangsu Huifeng)issued a notice on the company's stock withdrawal of other risk warnings. The announcement shows that the company's stock and convertible corporate bonds were suspended for one day on Feb. 1, 2019. The trading resumed on the opening of the market on Feb. 11, 2019.

 

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