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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.
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.