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On 22 Nov., 2016, ENN Ecological Holdings Co., Ltd. (ENN Ecological) published a notice saying that two of its subsidiaries in Shijiazhuang City, Hebei Province, got an emergent notice from the local industrial park recently. As stated in the notice, the local government decided to implement strict regulation measures on industrial enterprises, especially in the key industries like pharmaceuticals, cement, and coal power in light of the Scheduling Order for Prevention and Control of Air Pollution in Shijiazhuang (the Scheduling Order). Accordingly, all pharmaceutical enterprises shall stop production and not be allowed for resumption without governmental permission. Therefore, the two subsidiaries of ENN Ecological had to suspend production.
Gansu Dunhuang Seed Co., Ltd. (Dunhuang Seed, one of the corn seed enterprises in China) published its third quarter report for 2016, according to which the company got a revenue of USD31.4 million in the first three quarters of the year, declining by 58.0% year on year; it suffered a net loss USD36.6 million.
In the first three quarters of 2016, the revenue of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) was USD737.2 million, down by 12.7% year on year. It suffered a net loss of USD1.9 million.
On 27th October, 2016, Hubei Sanonda Co., Ltd. (Sanonda) released the third-quarter report in 2016. In the first three quarters, Sanonda achieved operating income of USD213.1 million, down by 19.8% year on year while the net margin for shareholders of the listed company was USD3.0 million, down by 86.1% compared to the same period of last year.
In Q1-3 2016, Shenzhen Noposion Agrochemical Co., Ltd. (Noposion) realised a revenue of USD271.4 million, up by 5.9% YoY, and a net profit of losing USD31.5 million, largely down by 208.4% YoY.
Rainbow Chemical Co., Ltd.
Chemical Co., Ltd.
Anhui Jiuyi Agriculture Co., Ltd.
Agrochemical Co., Ltd.
Jiangsu Good Harvest-Weien
Agrochemical Co., Ltd.
In October 2016, AkzoNobel started constructing 2 chemical plants in Ningbo City (Zhejiang Province), total investment expected to hit USD86.8 million. Meanwhile, the company announced an input of USD97.7 million into a new chemical base in Tianjin.
On 25 Oct. 2016, Shandong Weifang Rainbow Chemical Co., Ltd. (Weifang Rainbow) noted the address of its branch in Paraguay, namely Rainbow AgroScience S.A: dificio Paraqvaria, Piso 2B, Súper Carretera Itaipú – Cabecera Norte del Puente Costa Cavalcanti, Hernandarias. Established in July, this branch is aimed at effectively marketing the brand “Rainbow” locally, to realise win-win of local agriculture and the branch.
In the first three quarters of 2016, the revenue and net profit of Lier Chemical Co., Ltd. (Lier Chemical) reached USD208.5 million and USD20.0 million, which increased by 28.1% and 21.4% year on year respectively.
In Q1-3 2016, Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng) made a revenue of USD503.3 million, up by 40.4% YoY, and net profit of USD20.7 million, up by 1.8% YoY. Specifically in Q3, the revenue was USD217.3 million, up by 64.5% YoY and net profit USD5.3 million, up by 39.2% YoY.