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CEFC Anhui: net profit in 2014 soars by 142.3%

On 10 March, 2015, CEFC Anhui International Holding Co., Ltd. (CEFC Anhui) revealed its 2014 report. Accordingly, its revenue in the report period hit USD880.7 million, up by 37.0% year on year; while its net profit soared by 142.3% year on year to USD17.3 million.

 

2014 new pesticide registrations: 421 for technical

According to data from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), as of 31 Dec, 2014 the number of new registration of pesticide technical (TC) totaled 421 (both TC and TK included, and renewed ones excluded, the same hereinafter) in this year.

Listed pesticide enterprises slowed down in growth rate in Q1-Q3 2014

According to the Q3 2014 financial reports released by 18 Chinese pesticide enterprises, altogether 17 enterprises made profits and only Jiangsu Lanfeng Bio-Chemical Co., Ltd. suffered losses. Specifically, Hebei Veyong Bio-Chemical Co., Ltd. (Veyong Bio-Chemical) made the biggest net profit in the first three quarters, reaching USD87.8 million.

 

Chlorpyrifos price hits record high this year

According to Think Real’s monitoring of the price of mainstream pesticide technical on the domestic market, from August 2014 (to the closing date October) the price of chlorpyrifos technical in China has seen an obvious increase because of the growth in raw material prices.

 

Agrochemical e-commerce platform set up mainly by Jiangsu Huifeng launched

Agrochemical e-commerce platform “Nong1wang” (www.16899.com) established by Nongyi E-Commerce (Beijing) Co., Ltd. (Beijing Nongyi) formally run on-line in H2 2014.

 

Different performance of domestic listed pesticide producers in H1 2014

By the end of Aug. 2014, most domestic listed pesticide producers had published their H1 2014 report one by one. As of the draft of this article, 18 had announced their semi-annual reports, from which it can be known that 13 producers saw increase to different degree in their pesticide revenue in the first half of 2014. The other 5, namely Lier Chemical, Huaxing Chemical, Jiangsu Lanfeng, Shenghua Biok and Qianjiang Biochemical, all witnessed decline.

 

Net profit of Hubei Sanonda in H1 2014 up 126.25%

On 25 July, 2014, Hubei Sanonda Co., Ltd. (Hubei Sanonda) published its H1 2014 report. During the report period, the company realized a revenue of USD276.26 million, up by 11.88% year on year; its net profit was USD46.86 million, sharply increasing by 126.25% year on year.

 

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