Crop Protection China Monthly Report

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Crop Protection China Monthly Report, previously issued by CCM as a bi-monthly newsletter with the name of "Crop Protection China News', has been modified to be a monthly publication issued on 30th or 31st and renamed of "Crop Protection Monthly Report' since Feb. 2013, and a browse online function to be added. We will keep an eye on the most important or the latest occurrences or the hottest topics in China's crop protection industry, and select one or two topics out of these news and information to compose an in-depth feature article. You can obtain professional and insightful intelligence, covering market dynamic, industry development, government policies and more by going through our features articles every month.


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Main Content of Crop Protection China Monthly Report 1909

Price of this issue :
USD 201

Published on 30th September, 2019

Hunan Haili Chemical Industry Co., Ltd. made great progress in financial results in H1 2019. Its revenue reached USD139.18 million, up by 57.22% year on year and net profit USD3.23 million, up by 37.79%. Pesticide business brought about USD138.90 million, 99.80% of the total.

Published on 30th September, 2019

In H1 2019, Jiangsu Changqing achieved total revenue of USD247.41 million, up by 17.70% year on year, and made net profit of USD27.48 million, rising by 12.91% year on year. Revenue in pesticide business was USD241.22 million, 97.50% of the total. Revenue in East China was USD63.93 million, 25.83% of the total revenue in China. And export value was USD151.81 million, rising by 19.45% year on year.

Published on 30th September, 2019

Jiangsu Lanfeng Bio-chemical Co., Ltd. had year-on-year decreases in revenue and net profit in H1 2019: the revenue went down by 14.17% to USD111.20 million and the profit down by 28.97% to USD3.08 million. Pesticide business brought more than 90% of the total revenue, reaching USD101.64 million, but export value in this period dropped to US69.31 million by 11.85%.

Published on 30th September, 2019

Hubei Xingfa Chemicals Group Co., Ltd. (Hubei Xingfa, 600141) had its revenue grown by a slight 1.21% year on year to USD1,341.28 million in H1 2019, but its net profit slashed about one third to USD17.56 million. Pesticide revenue accounted for 19.37% of the total with USD259.78 million.

Published on 30th September, 2019

Jiangsu Fengshan Group Co., Ltd. saw its H1 2019 revenue decline by 17.38% year on year to USD93.47 million and the net profit drop by 3.11% to USD11.70 million. An overwhelmingly majority of the revenue came from pesticides, which contributed USD93.44 million.

Published on 30th September, 2019

Suli Co., Ltd. (Jiangsu Suli, 603585) achieved revenue of USD134.58 million and net profit of USD24.13 million in H1 2019, up by 17.54% and 12.09% respectively year on year. Pesticides and related intermediates brought the companies USD85.22 million in this period, nearly two thirds of the total revenue.

Published on 30th September, 2019

Shandong Luba Chemical Co., Ltd. achieved revenue of USD123.21 million in H1 2019, up by 0.80% year on year, while its net profit saw a year-on-year decrease of 27.83% to USD8.45 million. Specifically, 99.90% of the revenue came from its pesticide business, reaching USD123.08 million, with a gross profit margin of 20.18%.

Published on 30th September, 2019

Zhejiang Qianjiang Biochemical Co., Ltd. achieved revenue of USD26.32 million in H1 2019, down by 18.58% year on year, a higher decrease than that in the previous year. As to net profit, it turned from deficits to profit, reaching USD811,414 from negative figure USD891,625 in the previous year, the receipt of development incentive funds for transformation and upgrading contributed to the performance. In terms of business structure, biological products are the main part of Qianjiang Biochemical, which brought it USD14.97 revenue, accounting for 56.90% of the total, with a gross profit margin of 10.70%.

Published on 30th September, 2019

In H1 2019, Jiangsu Tuoqiu Agriculture Chemical Co., Ltd. achieved revenue of and net profit of USD27.47 million and USD0.98 million, down 25.20% and 79.62% year on year. Among them, the revenue of pesticide business accounts for 56.33% of the total, reaching USD15.48 million.

Published on 30th September, 2019

In H1 2019, Anhui Jiuyi Agriculture Co., Ltd. achieved revenue of USD38.11 million and net profit of USD2.30 million, up by 16.08% and 27.43% respectively year on year.

Published on 30th September, 2019

Shandong Cynda Chemical Co., Ltd. achieved revenue of USD121.01 million and net profit of USD17.93 million in H1 2019, up by 2.61% and 3.25% respectively year on year. Pesticide revenue reached USD119.44 million, accounting for 98.70% of the total.

Published on 30th September, 2019

Sichuan Guoguang Agrochemical Co., Ltd. achieved year-on-year growth in both revenue and net profit in H1 2019; the former reached USD79.77 million, up by 16.56%, and the latter USD19.91 million, up by 2.11%. Its main business——pesticides contributed USD60.73 million to the total, accounting for 76.14% and gross profit margin of the business averaged at 45.95%.

Published on 30th September, 2019

In H1 2019, Nantong Jiangshan achieved revenue of USD362.30 million, up by 29.31% year on year, and made net profit of USD26.08 million, up by 0.88% year on year. Revenue of pesticide business in H1 was USD231.56 million, 63.91% of the total.

Published on 30th September, 2019

Jiangsu Yangnong Chemical Co., Ltd. realized revenue of USD408.33 million, with a 6.49% decrease year on year, and net profit of USD88.47 million, with a 11.46% year-on-year increase. Revenue on pesticides made up almost 99% of the total, reaching USD404.15 million.

Published on 30th September, 2019

In H1 2019, ABA Chemicals Corporation achieved revenue of USD97.53 million, down by 23.12% year on year, and made net profit of USD0.96 million, down by 91.06% year on year. Revenue of pesticide business accounted for 63.00% of the total, reaching USD61.45 million with the gross profit margin of 28.60%. The company's export value was USD49.17 million, down by 42.91% year on year.

Published on 30th September, 2019

Jiangsu Flag Chemical Industry Co., Ltd. achieved growth in revenue and net profit in H1 2019. The revenue totaled USD125.31 million, up by 11.54% year on year and the profit jumped to USD13.85 million, up by 20.61%. Pesticide revenue in this period was USD125.22 million and gross margin 23.09%.

Published on 30th September, 2019

In H1 2019, revenue of pesticide business (pesticide intermediate business included) in the 26 major listed pesticide companies in China totaled USD62.78 million, up by 4.40% year on year. The top 3 companies in the revenue of pesticide business are ADAMA, Zhejiang Wynca and Jiangsu Yangnong.

Published on 30th September, 2019

The 26 listed pesticide companies had invested USD198.75 million (RMB1.41 billion) in R&D in H1 2019, up by 14.25% year on year in general. Two of them even had their investment more than doubled. Top three companies in this regard are: ADAMA Ltd., Zhejiang Wynca Chemical Industrial Group Co., Ltd. and Lier Chemical Co., Ltd.

Published on 30th September, 2019

Total net profits attributable to equity holders of the parent company of the 26 companies generated during H1 2019 was USD576.65 million (RMB4.09 billion), a big cut on H1 2018 basis, by nearly 40%. Positive growth in net profits could be seen on 12 of them. The three companies with most net profits acquired are: Jiangsu Yangnong Chemical Co., Ltd., ADAMA Ltd. and Shenzhen Noposion Agrochemicals Co., Ltd.

Published on 30th September, 2019

The 26 listed pesticide companies achieved almost USD8.29 billion (RMB58.73 billion) in the first half of 2019, up by 1.64% year on year. Positive growth so far has been witnessed in 16 companies and the top three by revenue are: ADAMA Ltd., Hubei Xingfa Chemicals Group Co., Ltd. and Zhejiang Wynca Chemical Industrial Group Co., Ltd.

Published on 30th September, 2019

Of the 26 major listed pesticide companies in China, 12 are headquartered in Jiangsu Province, 5 in Shandong Province, 2 for Zhejiang, Sichuan, Anhui and Hubei provinces each and the rest 3 in Hunan, Guangdong provinces and Beijing Municipality respectively. Their performances in H1 2019 can tell the current situation of pesticide industry in China, in a general way at least.

Published on 30th September, 2019

Total assets of the 26 listed pesticide companies reached USD24.61 billion (RMB174.42 billion) as of the end of H1 2019, up by 6.57% year on year, though 8 of them saw losses in this regard. ADAMA Ltd., Hubei Xingfa Chemicals Group Co., Ltd. and Nanjing Red Sun Co., Ltd. have had largest assets so far in China.

Published on 30th September, 2019

Jiangsu Huifeng Bio Agriculture Co., Ltd. (Jiangsu Huifeng, 002496) made a rather disappointing performance in H1 2019. Its revenue shrank by more than a half to USD105.09 million compared with H1 2018. What's more, it suffered net profit loss of USD10.27 million, a slump of 174.17% year on year. Pesticide revenue was USD87.28 million, accounting for 83.05% of the total, and gross margin for this business was 34.39%.

Published on 30th September, 2019

Sino-Agri Leading Biosciences Co., Ltd. achieved year-on-year growth in revenue and net profit in H1 2019——the former reached USD370.06 million, up by 11.96% and the latter came to USD12.18 million, up by 7.32%. Pesticide sales brought USD365.01 million to the company, 98.63% of the total revenue.

Published on 30th September, 2019

Anhui Guangxin Agrochemical Co., Ltd. made revenue of USD238.57 million and net profit of USD36.34 million in H1 2019, up by 9.70% and 10.77% year on year respectively. Pesticide business brought the company USD238.13 million, 99.82% of the total revenue.

Published on 30th September, 2019

Hailir Pesticides and Chemicals Group Co., Ltd. (Hailir, 603639) achieved 14.48% year-on-year growth in revenue in H1 2019, reaching USD201.79 million, while its net profit went down by 16.54% to USD28.31 million. Agrochemical business contributed USD195.23 million to the total revenue, accounting for 96.75%. Gross profit margin of Hailir's main business was 33.61% in this period.

Published on 30th September, 2019

In H1 2019, Limin Chemical Co., Ltd. achieved revenue of USD153.42 million, up by 52.65% year on year, and made net profit of USD28.03 million, up by 92.98% year on year. Revenue of pesticide business in H1 2019 was USD145.52 million, accounting for 94.85% of the total, while the export value of the company reached USD61.08 million, down by 1.11% year on year.

Published on 30th September, 2019

In H1 2019, Lier Chemical Co., Ltd. achieved year-on-year 12.68% growth in revenue, which came to USD289.56 million. However, its net profit went through a 38.80% decrease to USD22.50 million. Pesticide business, making up about 95% of the total revenue, had USD275.50 million gained.

Published on 30th September, 2019

Nanjing Red Sun Co., Ltd. achieved revenue of USD362.31 million and net profit of USD35.31 million in H1 2019, down by 7.62% and 35.15% year on year respectively. Pesticides business, especially biopesticides, contributed USD349.20 million to the total revenue, accounting for 96.38% and its gross profit margin was 27.77%.

Published on 30th September, 2019

Year-on-year decreases have been seen in revenue and net profit of ADAMA Ltd. (ADAMA, 000553) in H1 2019. Decline in net profit was quite remarkable, down by 75.36% to USD83.04 million. During this half year, revenue from agrochemical business was about USD1.74 billion, up by 1.40% year on year, accounting for more than 90% of the total. Gross profit margin for the business was 34.87%.

Published on 30th September, 2019

Zhejiang Wynca Chemical Industrial Group Co., Ltd. made USD821.41 million revenue in H1 2019, down by 2.47% year on year; its net profit was USD36.36 million, down by 63.78%, quite a big decline. Agrochemical business brought the company USD530.29 million in this period, 64.56% of the total revenue.

Published on 30th September, 2019

Shenzhen Noposion Agrochemicals Co., Ltd. saw a slight increase in its revenue in H1 2019, reaching USD346.05 million, up by 4.38% year on year; yet its net profit went down by 5.65% to USD37.91 million.

Published on 30th September, 2019

The 26 listed pesticide companies had generated USD370.74 million (RMB2.63 billion) net cash flow from operating in the first half of 2019, down by 36.19% year on year. Top three companies in this regard are: Hubei Xingfa Chemicals Group Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd. and Anhui Guangxin Agrochemical Co., Ltd.

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