On August 14, 2013, Huapont-Nutrichem Co.,
Ltd. (Huapont-Nutrichem) announced its 2013 semi-annual report, showing that
the company's pesticide business achieved double-digit rises both in revenue
and net profit, according to Herbicides
China News issued by CCM.
As
disclosed in Huapont-Nutrichem's 2013 semi-annual report, the company's revenue
of pesticide products reached approximately USD270.60 million, with a
year-on-year increase of 20.60%, accounting for 77.10% of the total revenue.
Notably, the pesticide business has become the largest business of
Huapont-Nutrichem at present. Besides, the gross profit margin of the company's
pesticide products was 16.19%, up 23.19% year on year, which also made a
significant contribution to the company's net profit in H1 2013. The
year-on-year growth rate of the gross profit margin of the company's pesticide
products took the first place of all its major businesses.
It
is worth noting that, as main products of the company's pesticide business,
herbicides have contributed a lot for the good performance of Huapont-Nutrichem
in H1 2013. Specifically, the revenue of metamitron products sharply increased
by 90.82% year on year to USD33.33 million, accounting for 12.32% of the total
revenue of the company's pesticide business in H1 2013, with a relatively high
gross profit margin of 32.24%. Also, the revenue of 2,4-D witnessed a
year-on-year growth rate of 57.39% during the period, reaching USD10.00
million.
On
the whole, in H1 2013, Huapont-Nutrichem's total revenue reached about
USD350.99 million, increasing by 19.63% compared with that in the same period
of last year. Its net profit was USD25.95 million, with a sharp year-on-year
decline of 30.27%. The decline was mainly attributed to the non-recurring
items. The net profit excluding the non-recurring gains or losses should be
USD27.64 million, with a year-on-year increase of 11.42%. In H1 2012, the
company earned a profit of USD15.36 million (RMB94.80 million) from the
company's investment on the shares of Western Securities, while it got no
profit from this investment in H1 2013.
Huapont-Nutrichem predicts that the company's net profit is likely to be
USD30.04 million-USD45.07 million (RMB185.45 million-RMB278.18 million) in the
first three quarters of 2013, down 10.00%-40.00% compared with that in the same
period of last year. The reason of the decline is that the company will earn no
profit on the investment of holding shares of Western Securities in Q1-Q3 2013
but in Q1-Q3 2012 it did. However, the company also explained that its net
profit excluding the non-recurring items may enjoy a year-on-year growth of
0.00%-20.00% in the first three quarters of 2013.
Huapont-Nutrichem's
pesticide business performs well in H1 2013
Lier
Chemical's net profit up 54.82% YoY in H1 2013
Noposion
to cooperate with Makhteshim Agan
Market
demand for ametryn sees a growth in China
China's
2,4-D esters market may stagnate
China's
dicamba price maintains an uptrend
Gross
margin of pesticide intermediates industry slips in H1 2013
Ex-works
prices of amide herbicides maintain stable in Jan.-Aug. 2013
Export
price of China's paraquat continues to increase in Jan.-May 2013
China's
fomesafen exports soars in H1 2013
Registrations
of clodinafop-propargyl soar in Jan.-Aug.2013
Herbicides China News, a monthly publication
issued by CCM on 15th, 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’s
herbicide industry.
CCM is dedicated to market research in China
Guangzhou
CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
Email: econtact@cnchemicals.com
No comments:
Post a Comment