AgroPages-Hailir successfully listed on Shanghai Stock Exchange-Agricultural news

By Think Real - On 12 Jan., Hailir Pesticides and Chemicals Group Co., Ltd. (Hailir) held its IPO (Initial Public Offerings) ceremony on the Shanghai Stock Exchange with the code 603639. The company’s notice said that it plans to issue no more than 30 million shares, with the planned fund to raise valued USD97.6 million. Main investment targets are projects in relation to water-based formulations, water soluble fertilizers and expansion of R&D center.

Table 1: Fund raising projects by IPO of Hailir, million USD

No.	Project	Investment	Raised through IPO
1	8,000T/a water-based formulations	19.3	19.3
2	7,000T/a water-based formulations	18.9	18.9
3	50,000T/a water soluble fertilizers	18.7	18.7
4	Expansion of R&D center	4.4	4.4
5	Supplement of cash flow in relation to main businesses	36.3	36.3

Source: Hailir

Hailir is a pesticide enterprise with the whole industrial chain covering technical, formulations and intermediates. Its technical products mainly include imidacloprid, acetamiprid, azoxystrobin, thiamethoxam and indoxacarb (there is still no capacity for the latter three yet) and its intermediates cover 2-chloro-5-(chloromethyl) pyridine, which is a main one for the production of imidacloprid and acetamiprid technical.

Table 2: Main pesticide formulations of Hailir

Category	Pesticide formulations
Insecticides	10% Imidacloprid WP 3% Emamectin benzoate WDG 70% Imidacloprid WS
Fungicides	50% Kresoxim-methyl WDG 430g/L Tebuconazole SC 12.5% Epoxiconazole SC 50% Azoxystrobin WG 25% Azoxystrobin SC
Herbicides	15.8% Quizalofop-P-ethyl EC 30% Glyphosate AS 40% Atrazine+Propisochlor SE 900G/L Acetochlor EC

Source: Hailir

In 2015, the revenue and net profit of Hailir were USD147.6 million and USD18.9 million respectively. According to the List of Top 100 Pesticide Enterprises in China in 2016 released by the China Crop Protection Industry Association (CCPIA), the company ranked 37th by sales in the domestic pesticide industry.