On 19 March, 2015, the signing ceremony of “Cloud Farm” (http://www.ync365.com) invested by Legend Holdings Ltd. (Legend Holdings, a comprehensive enterprise focusing on IT and real estate, etc) was held in Jaixiang County, Shandong Province. Chen Shaopeng, vice president of the company, slid over the specific investment and shareholding by “more than USD10 million but the specific amount not be disclosed”.
According to the information released by the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA) on 6 March, 2015, the name of Astec Lifesciences Limited (Astec) had been put on record. Besides, Astec has already entrusted other companies to begin pesticide registration in China.
On 6 Feb., 2015, China Securities Regulatory Commission (CSRC) announced that the initial IPO (Initial Public Offering) application of Sichuan Guoguang Agrochemical Co., Ltd. (Sichuan Guoguang) had been approved, indicating that the company may officially get listed soon.
In Dec. 2014, Bayer CropScience applied for the production of 5 products which support future green food more actively and was approved, as it meets the requirement of the Standardized Production Base for Green Food Raw Material (the Production Base).
As reported by Shandong Luwei Pharmaceutical Co., Ltd. (Shandong Luwei), on 15 Jan., 2015, foreign representatives from Swiss visited the company, seeking for investment.
On 19 Jan., 2015, Baolingbao Biology Co., Ltd. (Baolingbao) revealed that the projects of its 50,000t/a fructose (solid) comprehensive co-production and dextrin drying device have been put into operation recently while its projects of 5,000t/a crystalline trehalose and 5,000t/a galacto oligosaccharide as well as the construction of a technological center will be put into operation by the end of 2015.
Star Lake Bioscience Co., Inc. Zhaoqing Guangdong (Star Lake Bioscience) recently published its Q3 2014 report, according to which in the first three quarters of 2014, the company underperformed on the whole. It realized a revenue of USD96.7 million, down by 12.29% year on year while its net profit attributable to its shareholders was –USD36.4 million, falling by 442% year on year.
Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) published its Q3 2014 report, according to which in the first three quarters of 2014, the company realized a net profit of USD14.2 million, up by 52.57% year on year. In the meantime, it got a revenue of USD90.9 million, down by 15.71% year on year.
Major functional sugar company Baolingbao Biology Co., Ltd.( Baolingbao) published its Q3 2014 report, according to which in the first three quarters of 2014, the company realized a net profit of USD5.0 million, down by 19.67% year on year. In the meantime, it got a revenue of USD109.6 million, up by 6.40% year on year.
Recently, 12 main crop processing related enterprises, which are listed on the China’s A stock market, published their Q3 reports. According to them, most underperformed under the high price of raw materials like corn and the fierce competition of terminal products. Among the 12, only 6 saw increasing revenue in the first three quarters of 2014 over the same period last year and only 4 enjoyed net profit increase.
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