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 201808

Price of this issue :
USD 140

Published on 30th August, 2018

In 2017, Shenzhen Noposion turned from deficits to profits thanks to healthy development of Tiantian Circle, a service platform. The company has gradually improved the Internet development model of "holding shares in regionally leading distributors (regional platforms) + crop specialized service providers + crop industry chain management". Meanwhile, Shenzhen Noposion set up Tiantiancloud, an online operational system for agricultural companies. Related function modules such as distribution member management system ERP and store management system have been widely used. Shenzhen Noposion will further develop its Tiantian Circle in 2018.

Published on 30th August, 2018

In 2017, Anhui Guangxin actively dealt with new challenges such as strict inspection of production safety and environmental protection, as well as intensified competition in the domestic market. The company seized favorable opportunities such as the recovery of the global agrochemical market and made an even better performance than that in 2016. Though the pesticide market was in an overall downturn in 2016, Anhui Guangxin achieved good performance by accelerating the construction of Dongzhi Guangxin, vigorously developing new products and actively responding to various unfavorable factors at home and abroad.

Published on 30th August, 2018

In 2017, Jiangsu Changqing achieved a total revenue and an operating profit of USD328.78 million (RMB2,245.31 million) and USD41.02 million (RMB280.10 million), increasing by 22.51% and 50.39% year on year respectively. The total profit and net profit attributable to equity holders of the company was USD38.57 million (RMB263.43 million) and USD33.37 million (RMB227.90 million), seeing a year-on-year increase of 45.29% and 40.12% respectively. Jiangsu Changqing forecasted its revenue would reach USD421.71 million (RMB2,280.00 million) in 2018, up by 28.27% year on year, and strive for a similar increase in net profit. Jiangsu Changqing said that it would continue to invest on environmental protection, speed up the debugging of imported salt waste incineration system and construction of Regenerative Thermal Oxidizer (RTO) introduced from the German company Dürr.

Published on 30th August, 2018

Since Hailir joined China's A-share market, its performance has been going up. In the end of 2017, its consolidated revenue reached to USD232.74 million (RMB1,589.42 million), a 54.98% year-on-year increase; the net profit attributable to parent company was USD41.88 million (RMB286.04 million), a 95.58% year-on-year growth; net asset value per share ended at USD1.97 (RMB13.46) and earnings per share was USD0.36 (RMB2.43). Hailir focuses on R&D, production and sales of pesticide technical, formulations, intermediates and water soluble fertilisers.

Published on 30th August, 2018

In 2017, on the basis of its safety and environmental protection management, Lier Chemical seized market opportunities to actively organize effective production, thus ensuring market supply at its best. The sales of glufosinate-ammonium technical and other products achieved rapid growth. Meanwhile, its holding subsidiaries also obtained good sales performance during this period, including Jiangsu Kuaida Agrochemical Co., Ltd., Sichuan Lier Crop Science Co., Ltd. and Hunan Bide Biochemical Technology Co., Ltd. In this situation, its 2017 consolidated revenue and net profit attributable to parent company increased by 55.55% and 92.93% year on year respectively.

Published on 30th August, 2018

In 2017, the recovered glyphosate and organosilicon industries, as well as new business models contributed to Zhejiang Wynca's remarkable performance. Specifically, its revenue from glyphosate technical and formulations was USD106.32 million (RMB726.12 million) and USD216.44 million (RMB1,478.10 million) respectively in 2017. Despite a poor performance of its leading product——glyphosate in 2016, Zhejiang Wynca achieved growth in overall performance, which was benefited from its development of agricultural services. The company actively expanded agricultural service coverage through mergers and acquisitions, absorbed high-quality resources in the society and explored new business models.

Published on 30th August, 2018

Nantong Jiangshan achieved a 9.31% year-on-year increase in revenue of herbicide products and an 8.04% year-on-year increase in insecticide products in 2017.

Published on 30th August, 2018

Jiangsu Flag achieved a 44.14% year-on-year growth in revenue and a 52.06% increase in net profit in 2017. For such a big leap, credit should be given to continuous technological innovation in its staff. New products help to penetrate into new markets; existing products maintain their competitive edges. Strong demand in and out of China has its fair share for the success as well.

Published on 30th August, 2018

Limin Chemical achieved a 22.66% year-on-year increase in revenue and its net profit attributable to parent company enjoyed a 21.53% year-on-year growth in 2017. Limin Chemical adopts two sales models: for technical and formulation products in economy size, it sells them to large multi-national enterprises and trading agencies; for smaller-size formulation products, it either distributes them through dealers or sells directly to large-scale farms and planting bases. Limin Chemical holds an advantage of scale in fungicide products thanks to its prominence in capacity, output as well as sales volume in domestic fungicide industry. Its major fungicide products are: ethylene bis-dithiocarbamate (EBDC), cymoxanil, fosetyl-aluminium and pyrimethanil.

Published on 30th August, 2018

In 2017, despite the shortage of raw materials caused by more stringent environmental inspection and enforcement of related laws and regulations in China, Lianhe Chemical achieved the highest revenue in its history. However, its net profit declined compared with the previous year due to rising raw material prices.

Published on 30th August, 2018

In 2017, with the gradual recovery of pesticide industry, the price of pesticides rebounded. Meanwhile, the deepening structural reform in supply side and tightened requirements in production safety and environmental protection optimized the pesticide industry structure. Jiangsu Huifeng achieved significant increase in performance through working closely on the established business objectives. Specifically, its consolidated revenue and net profit attributable to the parent company increased by 26.80% and 134% year on year respectively.

Published on 30th August, 2018

As for the profitability of the 15 listed pesticide enterprises in China, Hailir ranked first in terms of net profit margin and return on total assets. The average net profit margin and return on total assets of these 15 enterprises was 10.19% and 7.04% respectively. Among them, only seven enterprises have a net profit margin or return on total assets above the average.

Published on 30th August, 2018

In 2017, the pesticide industry recovered, which leaded to strong market demand. At the same time, along with the normalization of high pressure from production safety and environmental protection, as well as the gradual implementation of the supply-side structural reform in agriculture, survival of the fittest became the first principle in pesticide industry. In 2017, Nutrichem saw stable growth in sales revenue and continuous expansion in market share through optimizing product portfolio, organizing effective production and imposing strict quality control. At the same time, it adhered to the rules and regulations of production safety and environmental protection. During this period, Nutrichem merged Jiangxi Heyi Chemicals Co., Ltd. and Jiangsu Changlong Agrochemical Co., Ltd. through several transactions. Therefore, these two companies were included in the consolidated statement. With all these factors taken into account, Nutrichem achieved year-on-year growth in both revenue and net profit.

Published on 30th August, 2018

As for debt paying ability from the perspective of current ratio and quick ratio, Anhui Guangxin has an edge over other 14 enterprises. Anhui Guangxin also ranked first in terms of turnover of accounts receivable. In light of liability to assets ratio, Nutrichem had greater pressure from debt.

Published on 30th August, 2018

As for operating ability of the 15 listed pesticide enterprises in China, Jiangsu Yangnong was the best in terms of inventory turnover ratio. While Shenzhen Noposion and Nantong Jiangshan ranked first respectively in terms of fixed assets turnover ratio and total assets turnover ratio.

Published on 30th August, 2018

In 2017, affected by the supply-side structural reform, prices of raw and auxiliary materials went up a lot, which greatly increased the production cost of pesticides. Meanwhile, prices of leading products in Jiangsu Yangnong enjoyed an upward trend for tight supply caused by restriction of backward capacity. Since product factor outweighed the negative effects of material factor, Jiangsu Yangnong's profitability has improved significantly, which was manifested by its record high in both sales and profits in 2017.

Published on 30th August, 2018

In 2017, Nanjing Red Sun carried out supply-side structural reform in pesticide industry and gained success in cutting overcapacity and excess inventory, deleveraging and strengthening areas of weakness. On the basis of acquiring Shandong Kexin's stock, by adopting several strategies, like enhancing its own competitiveness, strengthening industry exchanges and rationally using the leverage of "quantity-price", Nanjing Red Sun not only pushed forward with the integration of paraquat industry, but promoted, volume-rise and price-rise, the sales of its product lines including pyridine, 3-methylpyridin, 3-cyanopyridine, VB3, diquat, chlorpyrifos and imidacloprid, etc.

Published on 30th August, 2018

On 28 March, 2018, Hubei Sanonda released the annual report for 2017, which was the first annual report disclosed by Hubei Sanonda after its merger with ADAMA Solutions in July 2017. The financial data showed that the revenue of Hubei Sanonda in 2017 increased by 7.93% YoY. Even after a comparision with the pro forma data before the merger, the combined company saw increases in both revenue and net profit.

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