Suli to raise funds for the construction of prothioconazole, diflufenican and other product projects

Chinese agrochemical company Jiangyin Suli Chemical announced on February 14 that the company plans to raise a total of no more than RMB957 million for projects with an annual output of 11,500 tons of fine chemical products and related derivatives.  

The investment project of Suli is a sub-project of the fine chemical product project of Suli’s Ningxia subsidiary, involving an annual output of 1,000 tons of prothioconazole, 1,000 tons of diflufenican, 2,000 tons of 4,6-dichloropyrimidine, 2,000 tons of benzofuranone, 500 tons of 4-chlorophenylboronic acid, and 5,000 tons of terephthalonitrile.  

Suli said in the announcement that the investment project has good market development prospects and economic benefits. After the project is put into operation, it is expected that the company's profitability and anti-risk ability will be enhanced, and the main business income and net profit will be improved. 

According to financial report of 2021, Suli will achieve an operating income of RMB2.284 billion, a year-on-year increase of 46.54%; the net profit attributable to shareholders will be RMB226 million, a year-on-year increase of 29.58%.