Shandong Luba Chemical Co.,Ltd
Beijing Multigrass Formulation Co., Ltd.

Rainbow achieved significant growth in 2016qrcode

May. 4, 2017

Favorites Print May. 4, 2017
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Rainbow achieved significant growth in 2016

Rainbow Chemical recently published its 2016 annual report. During the report period, the operating income of the company increased by 30.80% to 3.802 billion yuan in 2016, and the net profit attributable to shareholders increased by 32.66%, to 238 million yuan in 2016. Main indicators are as follows:

 
2016(yuan)
2015(yuan)
Change (%)
Operating income
3,801,878,201.02
2,906,680,465.48
30.80
Gross margin
19.46%
16.81%
-
Net profit attributable to shareholders of the listed company
238,014,703.00
179,415,090.30
32.66
Net profit attributable to shareholders of the listed company, after deducting non-recurring gains
237,281,726.33
171,958,601.25
37.99

During the reporting period, the sales of Rainbow’s three major product types – herbicide, insecticide, and fungicide – increased by 22.95%, 67.76%, and 120.67%, respectively. Sales of insecticides and fungicides increased significantly, as the company added insecticide and fungicide varieties, in response to market demand and customer requirements. 

Category
2016 (yuan)
Percentage of operating income (%)
2015 (yuan)
Percentage of operating income (%)
¬Main business income
3,751,083,318.03
98.66%
2,893,453,974.13
98.54%
Herbicide
3,242,646,437.42
85.29%
2,637,305,766.91
90.73%
Insecticide
211,332,069.20
5.56%
125,971,065.40
4.33%
Fungicide
264,814,711.94
6.97%
120,005,299.00
4.13%
Others
32,290,099.47
0.85%
10,171,842.82
0.35%
¬ Other business income
50,794,882.99
1.34%
13,226,491.35
0.46%
Sales of by-products and materials
48,087,390.03
1.26%
12,605,462.53
0.43%
Others
2,707,492.96
0.07%
621,028.82
0.02%
Total
3,801,878,201.02
100.00%
2,906,680,465.48
100.00%
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