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.