Think Real News

rss

Think Real press releases and industry coverage


Net profit of Longlive Biotechnology in H1 2015 down by 51.1%

On 26 Aug., 2015, Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) published its H1 2015 report, according to which the company’s revenue and net profit went down by 1.6% and 51.1% year on year respectively. There were four main reasons behind the under performance of the company in the report period. Firstly, in 2014, the company performed greatly as it got subsidies from fiber ethanol from Q4 2012 to 2013 (totaled USD4.7 million) to 2014 while it only got subsidy from H1 2015. Secondly, the subsidy standard of fiber fuel ethanol was adjusted from USD124.9/t in 2014 to USD93.7/t in 2015. Thirdly, in Q1 2015, the company’s supply of fuel ethanol to China National Petroleum Corporation declined. Fourthly, under the effect of reducing international oil price, the average sales price of the company’s fuel ethanol fell.

 

 

Longlive Biotechnology: revenue decreases, net profit increases in 2014

On 26 March, 2015, Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) published its 2014 annual report. Accordingly, the company’s revenue decreased by 16.2% year on year as the sales from starch sugar products shrank; its net profit rose by 18.7% year on year mainly because the company received subsidy for its fiber fuel ethanol.

 

Longlive Biotechnology’s fiber ethanol enjoys tax preference

On 3 Nov., 2014, Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) published a notice that the Ministry of Finance of China and the State Administration of Taxation had already noticed the Shandong Provincial Financial Bureau about the tax policy of non-grain fuel ethanol, and the main content of the notice is as follows:

 

Subsidiary of Longlive Biotechnology finishes registration

On 12 Nov., 2014, Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) announced that it had recently finished the registration of a subsidiary of it in Longjiang County, Heilongjiang Province, which had obtained an operation license from the commerce and industry department.

 

Net profit of Longlive Biotechnology in Q1-Q3 2014 USD14.2 million, up by 53% 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.

 

Tags

Sinochem Corn Jiangsu Changqing Rotam Hubei Sanonda Limin Hubei Xingfa ADAMA NEEQ Veyong Bio-Chemical Jiangsu Flag CCPIA tetraniliprole Registration Hunan Haili Export and Import GM Paraquat soybean MOA Jiangsu Lanfeng Arysta dicamba pests & diseases wheat Pests and Diseases carbendazim Winall Hi-Tech Glufosinate-ammonium Jiangsu Jiujiujiu Xanthan gum glyphsate NATESC CNSA Noposion Lianhe Chemical Environmental Protection Sino-Agri QHT Sevencontinent Export Weifang Rainbow 百草枯 spodoptera frugiperda Fengle Seed Limin Chemical DowDuPont Huapont-Nutrichem Longlive Biotechnology Jiangsu Yangnong Fuhua Group glyphosate pesticides 草甘膦 Baolingbao Nanjing Redsun environment protection Hailir Nantong Jiangshan IPO RedSun lysine Imidacloprid Market Dynamic Mancozeb Fufeng Group Pesticide Formulations Lier Chemical ICAMA Nutrichem Bayer Top 100 CAS Policy Lianhetech Zhejiang Wynca Meihua Bio Sugar Henan Lotus wheat head blight Metaflumizone Jiangsu Huifeng Hebei Veyong pyraclostrobin Price BASF Shenzhen Noposion seed treatment Anhui Guangxin Xiwang Food Crop and Seed MIIT Jingbo Dow AgroSciences Shenghua Biok Zhejiang Xinnong Huaheng Biotechnology Beijing Yoloo Longping High-tech Azoxystrobin Sichuan Hebang Star Lake Bioscience Fuhua Tongda imazamox Company Dynamic Bayer CropScience Syngenta Insight MOFCOM Output COFCO Biochemical Nippon Soda DuPont Registration Monitor Shandong Luba Pakistan MARA FMC Glufosinate-P Project Monitor ChemChina CAC JPRI ABACHEM pesticide Project Dynamic Zhongnongfa Seed Sino-Agri Leading Yongnong BioSciences wheat scab Fall armyworm Zhongbao Lvnong CAAS MEP Chlorpyrifos Sanonda Seed COVID Shandong Qiaochang ABA Chemicals Qingdao Hailir Sipcam VB2 Jiangsu Kwin