Red Sun posted a robust growth in 2012

Chinese agchem company Red Sun recently issued the financial report announcing its 2012 business income of Yuan 7.17 billion being 23.94% up YOY including profit margin of Yuan 306 million being 1133.44% up YOY; net profit attributable to mother company reached Yuan 290 million being 322.63% up YOY.

Pesticide income grew significantly, achieving sales income of Yuan 2.72 billion. The proportion of pesticide income in business income rose to 37.98% from the 22.13% in 2011 being 112.63% up YOY; fertilizer income was Yuan 4.2 billion being 4.09% down YOY; agricultural materials income was Yuan 53 million; the miscellaneous sales income was Yuan 25 million being 138.28% up YOY.

The R & D expenditure of Red Sun in 2012 was Yuan 104 million, which accounts for 3.28% of the audited net assets and 1.45% of the annual income in 2012. The export turnover reached Yuan 407 million being 164% up YOY.
    
In 2012, the company’s upstream and downstream products are well incorporated by three prime environmental series - pyrethroids, pyridine and hydrocyanic acid based pesticides, forming combined advantages of “intermediates–technical material, formulation – marketing channel”.