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Fengshan’s trifluralin and nicosulfuron technical production workshop shut, H1 profit declinesqrcode

Jul. 24, 2019

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Jul. 24, 2019

Fengshan’s trifluralin and nicosulfuron technical production workshop shut, H1 profit declines

The Jiangsu Fengshan Group recently issued its semi-annual report covering the 2019 H1 business results. 

According to the report, the company's total operating income during the period decreased 17.38% year on year, whilst the total operating profit and total profit decreased slightly. The net profit attributable to shareholders of listed companies decreased 3.09% year on year, while the net profit attributable to shareholders of listed companies deducting non-recurring gains and losses decreased 7.86%. 
 
The main reason for the decline was the temporary shutdown of the pesticide technical production workshop, which mainly produces four products, namely trifluralin, nicosulfuron, quizalofop-p-ethyl and chlorpyrifos. The income from the four products accounted for 58.68% of the consolidated operating income in 2018.
 
The company's technical production workshop is currently still shut, and it is not known when production will resume . However, as there are some stocks within the company, the temporary shutdown did not have too serious an impact on the business performance of the company during the report period.
 
Source: AgroNews

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