Financial Performance of Chinese Listed Pesticide Enterprises in H1 2017

Report edition: 2017 edition(3)
Finished time:
Document type: PDF
Total pages : 29
Language version: English
Published by CCM
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  • Introduction
  • Main contents
  • List of tables

Description:

Since H2 2016, the recovery of international crude oil market has driven up the prices of related basic materials and intermediates. In addition, after two years of destocking, demand from overseas pesticide market began to warm up. Moreover, since 2016, the businesses of the international agrochemical giants have gradually improved. Revenues of the international top five agrochemical enterprises including Bayer, Syngenta, BASF, Dow AgroSciences, Monsanto in 2016 were better than those in 2015. Total revenue of the five enterprises increased slightly in Q1 even though with rises and falls. Revenue of the five international agricultural giants since 2016 has fully demonstrated that the global pesticide market continues to improve and the year of 2017 may be the beginning of a new global pesticide cycle.



The global agricultural market recovery is beneficial to the performance improvement of listed pesticide enterprises in China. China’s overall pesticide market thrived in H1 2017. In the first half of 2017, the performance of listed pesticide enterprises in China has the following characteristics:





- The overall performance of the pesticide industry is on the rise. In H1 2017, the total revenue of the 20 main listed pesticide enterprises in China increased with a growth rate of more than 25% year on year. Among them, only one recorded year-on-year drop in revenue.

- Some pesticide companies witnessed rises in revenues but declines in net profits. Although the price of pesticide products has been greatly increasing, the listed enterprise is subject to some long-term orders, and the price of products remains relatively stagnant, while there is sharply increase in the cost of raw materials

- Pesticide companies are increasingly focused on R&D and R&D investments have grown rapidly. In H1 2017, the total R&D investment of the 20 main listed pesticide enterprises in China increased by more than 30% year on year.



This report is about the analysis of financial performance of Chinese listed pesticide enterprises in H1 2017. As representatives of pesticide companies in China, domestic listed pesticide enterprises are supposed to be the guides for the development of the whole industry. In this issue, annual reports of 20 main domestic listed enterprises involved in pesticides and/or pesticide intermediates were summarised and analysed.



The data collected and compiled was variously sourced from telephone interviews, published magazines, journals, government statistics and CCM’s database, etc. Data obtained from various sources have been combined and cross-checked to ensure that this report is as accurate and methodologically sound as possible.



Scope of the report

Region scope: China

Time scope: H1 2016 and H1 2017

On the basis of 20 main domestic listed enterprises: Nanjing Red Sun Co., Ltd., Jiangsu Changqing Agrochemical Co., Ltd., Jiangsu Huifeng Agrochemical Co., Ltd., Jiangsu Lanfeng Bio-chemical Co., Ltd., Limin Chemical Co., Ltd., ABA Chemicals Corporation, Jiangsu Flag Chemical Industry Co., Ltd., Lier Chemical Co., Ltd., Sichuan Guoguang Agrochemical Co., Ltd., Huapont Life Sciences Co., Ltd., Lianhe Chemical Technology Co., Ltd., Hubei Sanonda Co., Ltd., Shenzhen Noposion Agrochemicals Co., Ltd., Hefei Fengle Seed Co., Ltd., Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd., Zhejiang Qianjiang Biochemical Co., Ltd., Zhejiang Huge Leaf Co., Ltd. , Zhejiang Wynca Chemical Industrial Group Co., Ltd. , Hunan Haili Chemical Industry Co., Ltd.





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