Crop Protection China Monthly Report

In 2013, pesticide industry in China continues to boom, following the uptrend in 2012, thanks to the increase of global rigid demand, strict environmental policies and inventory digestion, etc. As representatives of pesticide industry in China, domestic listed pesticide enterprises are supposed to be the guides for the whole industry development. In this issue, annual reports of 21 domestic listed enterprises involved in pesticides or pesticide intermediates are summarized and analyzed.

Domestic listed pesticide enterprises saw performance on the whole in 2013.

- The total revenue of the 21 listed pesticide enterprises reached USD9,074.05 million, up 16.74% YoY;  

- Among the 21 listed pesticide enterprises, most of them enjoyed revenue growth, and only 3 suffered negative growth in 2013; 

- The total net profit and operating profit of the 21 listed pesticide enterprises reached USD717.83 million and USD851.80 million, up 32.86% and 57.70% YoY respectively.  

- The total revenue of the 20 listed pesticide enterprises' pesticide business (Sanonda is excluded) reached USD4,721.10 million in 2013, up 11.91% YoY.

- The average gross profit margin of these enterprises' pesticide business reached 24.95%, much higher than the operating profit rate of these enterprises (only 7.34%).

Exchange rate: USD100 = RMB614.9, same hereinafter.