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Yangnong Chemical: Net profit of 1H 2018 increases 122.28%, self-run export increases 58.96%qrcode

Aug. 28, 2018

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Aug. 28, 2018

Recently Chinese agrochemical company Yangnong Chemical made public its 1H 2018 semi-annual report. According to the announcement, during the period, the company achieved sales of 3.095 billion yuan and a net profit of 563 million yuan, which was up 54.63% and 122.28% year-on-year, respectively.
In the first half of 2018, the global agrochemical market continued to warm up for the better. Yangnong Chemical took the opportunity to increase the sales of its prime products such as dicamba and glyphosate ; the increased sales facilitated a continuous optimization of the product sales structure of the company. The company undertook prior planning for the overseas product registration, in preparation for the future product sales of the company. The company also strengthened communication with key customers to seek more opportunities for cooperation. In the first half of the year, the self-run export of the company increased 58.96% year-on-year.
There was a substantial growth in the Chinese pesticide market in the first half of 2018. Yangnong Chemical adopted a quantity price-linked sales tactic to prioritize sales to loyal customers and terminal clients, which is a consolidation of the long-term relationship with major clients. Yangnong actively collaborated with Sinochem International Crop Care via the complementary advantages to each other; this approach enhanced the brand influence of Yangnong Chemical. The domestic pesticide business of the company increased 38.03% year-on-year.
Yangnong Chemical is the sole pyrethroid enterprise in China covering the whole course of production, beginning from the preparation of fundamental chemical materials and synthesis of intermediates, up to the production of the pyrethroid technical. The company has a self-contained intermediate system for the production of pyrethroids; its complete industry chain provides the company with an obvious cost advantage over its competitors. 
Source: AgroNews

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