Insecticides China Monthly Report

From March to April 2014, listed pesticide enterprises in China released their annual reports of 2013 one after another. In 2013, most of them enjoyed a growth by both revenue and net profit over 2012, to varying degrees, according to these annual reports. Among these, Nantong Jiangshan, Zhejiang Wynca and Sanonda witnessed a significant increase by net profit, up by 808.75%, 231.57% and 209.16% respectively over 2012, as the front-runners compared with others in the field.
Jiangsu Kwin and Jiangsu Anpon, as two of large-scale pesticide enterprises, attempted to develop new sale modes in 2014, looking forward to more satisfactory performance. The trial measures include direct selling and e-commerce retail sales, which are considered as good ways to reduce selling expenses, compared with traditional sales.
Meanwhile, equity transfers among large pesticide enterprises are seen from March to April of the year. Sanonda accepted Agrochemchina’s requirement about due diligence, which is speculated a hint for Agrochemchina to transfer 100% shares of Sanonda Group Corporation to ADAMA in future. This expected case involving in foreign companies, draw the attentions recently.

Note: 1. All tables and figures in this issue are calculated by the same RMB/USD exchange rate (1USD=6.1490RMB). 2. Nuances in some data are mainly caused by rounding principle.