Domestic listed pesticide enterprises in
gradually released their 2012 Q3 financial reports (July to Sept. 2012) before
the end of Oct. 2012, showing the good performances made by most of them in
this period, according to CCM’s
November issue of Crop
Protection China News. China
So far, there are 19 listed enterprises which are mainly engaged in the business of pesticide in China (Actually there were
2011, but among which two successfully launched reorganization in H1 2012 and
changed their main business into mining, namely Shandong Dacheng Pesticide Co.,
Ltd. and Shandong Huayang Technology Co., Ltd.). Summed up the Q3 performances
of all the 19 listed enterprises, the total revenue in Q3 2012 reached over
USD1.56 billion, up 31.19% over Q3 2011 and the total net profit gained a
considerable growth of 118.13% over Q3 2011, reaching USD76.89 million.
Only two of these 19 listed enterprises suffered deficits in this period, namely Shandong Shengli Co., Ltd. and Zhejiang Qianjiang Biochemical Co., Ltd., with respective loss of USD4.36 million and 0.64 million.
The top three companies in terms of revenue: Nanjing Redsun, Zhejiang Wynca and Huapont Nanjing Redsun Co., Ltd. (Nanjing Redsun), Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca) and Chongqing Huapont Pharm. Co., Ltd. (Huapont) still ranked as the top three by revenue in this period as what they did in H1 2012.
Nanjing Redsun's revenue and net profit in this period continued to surge, reaching USD253.53 million and USD12.06 million, up 41.87% and 14,868.33% over those in Q3 2011. The company kept announcing that this year's performance has no comparability with that of last year because of the reorganization with Nanjing First Pesticide Group Co., Ltd. (NFP Group) it successfully completed in Sept. 2011. The performances of the three subsidiaries of NFP Group, namely Nanjing Redsun Biochemicals Co., Ltd., Anhui Guoxing Biochemical Co., Ltd. and Nanjing Redsun International Trade Co., Ltd., have been counted into the total revenue and net profit of Nanjing Redsun in this period.
Zhejiang Wynca, as the pesticide enterprise which retained No. 1 with its pesticide revenue in
2011 in the list of 2012 China Top 100
Pesticide Manufacturers, was seen as the second largest revenue gainer in Q3
2012. By summing up the revenue in H1 2012, Zhejiang Wynca may lose the title
of No. 1 domestic pesticide manufacturer in 2012.
Actually, Zhejiang Wynca has witnessed deficit in H1 2012, losing about USD4.38 million. However, as the price of its main pesticide product, namely glyphosate, continued to grow in Q3 2012, the company turned deficit into profit. The revenue and net profit of the company in this period reached USD249 million and USD5.64 million respectively. The company also predicted in its Q3 financial report that its net profit in 2012 may enjoy a 50% growth over that in 2011.
Huapont ever as a famous pharmaceuticals production company in
has earned its reputation in
domestic pesticide industry by its pesticide subsidiary, namely Nutrichem
Laboratory Co., Ltd. Although pharmaceuticals is still one of its main
business, it should be counted in the list of domestic pesticide enterprise
because of its expanding pesticide business. In H1 2012, the pesticide revenue
of Huapont already surpassed the revenue of pharmaceuticals business,
accounting for 77.3% of its total revenue in this period. Even though Huapont
didn't reveal the detailed performance data of its pesticide business in Q3
financial report, it is still believed that pesticide business was also the
largest contributor to its performance in this period. China
Other listed pesticide enterprises also witnessed good growths in this period while comparing with its performance in the same period of last year, even though some of them gained little profit. The Q3 revenue from Nanjing Redsun is 27 times larger than that of ABA Chemicals Corporation, the listed pesticide enterprise in the last place of the list. However, the large growth of the adding up revenue and net profit of all these listed pesticide enterprises in Q3 2012 is still comforted and it has also shown the gradual recovery in domestic pesticide industry.
Source: Crop Protection
News 1221 China
Content of Crop Protection China News 1221：
Q3 financial reports of domestic listed pesticide enterprises
New round of domestic soybean purchasing battle starts
Pesticide enterprises pay close attention to pesticide-fertilizers
Pesticide intermediates industry scale enlarging but profit slipping
12th Five-Year Plan of Hazardous Waste Pollution Management released
Hubei Sanonda's reorganization aborts
Hebei Veyong's involving in coal chemical business denied
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