Lianhe Chemical Technology Co.,
Ltd. (Lianhe Technology) issued its semi-annual report by the end of July 2012,
which showed the company's nice performance in the first half of 2012. It's
detailed in the report that Lianhe Technology gained about USD25.7 million
(RMB163.3 million) in net profit of H1 2012, achieving a year-on-year growth of
26.17%. And the total revenue touched USD232.9 million (RMB1,481.9 million)
with the year-on-year growth of 20.15% in the meantime, according to CCM’s
August Issue of Herbicides
China News.
It can be said that Lianhe
Technology achieved the growth plan smoothly in H1 2012, and the company also
confirmed this itself. With current promising development, Lianhe Technology
expects to maintain a continuous growth in net profit of Q3 2012, and then to
complete the growth plan of 20%~50% year on year in the first three quarters of
2012.
In a move to meet the sustainable
growth in net profit of the whole 2012, Lianhe Technology expressed early in
its 2011 annual fiscal report that the company will still keep aggressive
behavior and sensible strategy in 2012. In the reporting period of 2011 annual
report, Lianhe Technology witnessed a growth of 45.01% and 30.13% year on year
in net profit and revenue to USD46.3 million (RMB294.3 million) and USD403.7
million (RMB2,568.0 million) respectively.
It's observed actually that
Lianhe Technology's core competitiveness and profit growth points focus on
intermediate manufacture covering pharmaceuticals and pesticides, especially
the customized manufacture. And Lianhe Technology's rapid development these
years is primarily driven by the intermediate manufacture. According to the
semi-annual 2012 report, the accumulative revenue of two intermediate
manufacture businesses accounted for approximately 61.1% of the total revenue
in Lianhe Technology of H1 2012. Besides, two intermediate manufactures of
pharmaceuticals and pesticides could meet gross margins of 37.67% and 41.94%
respectively in the first half of 2012.
Meanwhile, Lianhe Technology
expects to expand its industrial chain to downstream sectors such as pesticide
technical manufacture all the time for the sustainable growth. Thus Lianhe
Technology puts continuous efforts to establish new manufacture these years in
pesticide technical, which cover mostly herbicides such as clomazone, cyhalofop-butyl,
fomesafen and so forth. In the recent past, Lianhe Technology pushed the
establishment of 300t/a carfentrazone-ethyl technical manufacture. (Herbicides
China News 1106: Lianhe Technology's carfentrazone-ethyl capacity runs
smoothly)
And it's noteworthy that the
manufacture of these new herbicides aims at novel herbicides such as
cyhalofop-butyl. It's understandable that these novel herbicides and even the
patented products can provide relatively high added value and profit margin for
Lianhe Technology's manufacture. It's predicted further that the company will
continue to develop new manufacture in novel pesticides. In Lianhe Technology's
herbicide registration list, it's observed that three new breed herbicides were
registered by the company in recent two years, namely aminocyclopyrachlor,
fluthiacet-methyl and metamifop.
In addition, Lianhe Technology
also endeavors to expand raw material manufacture nowadays. In other words,
stable material supply will cut down manufacture cost directly. Hence, Lianhe
Technology accomplished the 100% acquisition of Shandong Pingyuan Yongheng
Chemicals Co., Ltd. in H1 2012 so as to grab 20,000t/a phosgene capacity.
According to Lianhe Technology's semi-annual 2012 report, the phosgene plant is
under construction at present.
It's analyzed in terms of sales
region that Lianhe Technology is always inclined to export business. Among its
export destinations, it's observed that the regions where the developing
countries centralize play a key role. In H1 2012, the revenue in Asia
approached USD22.5 million (RMB143.0 million), toping over that in other
regions.
Coupled with macro economy
thriving gradually in the developing countries such as Brazil and India, Lianhe
Technology will be able to meet the promising markets of pesticides and
intermediates undoubtedly. Of course, Lianhe Technology also needs to grab
relevant chances and avoid probable risks regarding environmental problems,
market fluctuation, global economic changes and so forth.
Lianhe Chemical, listed in 2008,
is mainly engaged in chemical production such as intermediates of medicine and
pesticides. Especially, Lianhe Chemical's customized manufacturing services for
various industries including pharmaceuticals, pesticides and other fine
chemicals are the company's remarkable characteristics. The company maintains
rapid development these years with the improving performance.
Content of Herbicides China News 1208:
Lianhe
Technology achieves USD25.7 million in net profit of H1 2012
Good
Harvest-Weien seeks new growth in herbicides
Jiangsu
Changqing plans 2,000t/a dicamba technical construction
Limin
Chemical pushes mesotrione business
Hefei
Xingyu prepares oxadiazon technical expansion
Jiangsu
Yunfan enhances oxyfluorfen production
Glyphosate
arouses investors' expectation in stock market in H2 2012
2,4-D
dwarfs MCPA in China
Propisochlor
approaches deadline in EU
Domestic
manufacturers keep optimistic about trifluralin
Nantong
Jiangshan meets flat phosphorus trichloride manufacture
Shandong
Dehao maintains atrazine production
Jiangsu
Luye taking the trial run of 300t/a propyzamide production line
Yancheng
South plans to launch 100t/a orthosulfamuron technical project
Zhejiang
Bosst tops clodinafop-propargyl manufacturers
Herbicides
China News, a monthly publication
issued by CCM International on 15th of every
month, provides you with
the latest occurrences, exclusive analysis on the market trend as well as
professional reviews on competitiveness of companies, products and relative
industries in China
About
CCM
CCM
is dedicated to market research in China
CCM
International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
No comments:
Post a Comment