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Think Real press releases and industry coverage


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.

 

Jiangsu Lanfeng: revenue up by 25.2% YoY to USD127.6 million in H1 2017

According to the 2017 semi-annual financial report released by Jiangsu Lanfeng Bio-chemical Co., Ltd. (Jiangsu Lanfeng), the company made revenue of USD127.6 million, up by 25.2% year on year, and net profit of USD9.1 million, down by 5.2% year on year.

 

Jiangsu Lanfeng: pesticide revenue in 2016 reaches USD119.0 million, growing by 34.5%

Recently, Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng) published its 2016 annual report, according to which the company’s revenue was USD211.3 million, increasing by 44.2% year on year; its net profit reached USD15.5 million, turning loss into gain (it lost USD10.0 million in 2015).

Jiangsu Lanfeng loses USD1.5 million in H1 2015 because of subsidiary’s suspended production

In light of the H1 2015 report of Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng), the company got a revenue of USD94.0 million, which declined by 15.8% year on year; its net profit was –USD1.5 million in the period while it profited in the same period last year.

 

Jiangsu Lanfeng officially releases legal opinion letter for purchasing Fangzhou Pharmaceutical

On 1 July, 2015, Jiangsu Jiangsu Lanfeng Co., Ltd. (Jiangsu Lanfeng) officially released its legal opinion letter for purchasing 100% shares of Shaanxi Fangzhou Pharmaceutical Co., Ltd. (Fangzhou Pharmaceutical) by issuing stocks to its shareholders and cash.

Jiangsu Lanfeng: YoY drop of 25.2% in 2014 revenue from pesticides

On 14 April, 2015, Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng) released the 2014 full-year financial report:

l   Revenue: USD203.5 million, down by 8.7% YoY

l   Net profit: -USD6.1 million

 

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.

 

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