Lier Chemical’s operating income in H1 2022 increased by 60.72% year-on-year

In a recent interview, the secretary of the board of China’s Lier Chemical said that in the first half of the year, the company recorded performance growth both in terms of revenue and profit, having achieved an operating income of RMB5.078 billion, an increase of 60.72% over the same period last year, as well as a net profit attributable to the shareholders of the listed company of RMB1.048 billion, an increase of 107.46% over the same period last year. 

In the first half of 2022, the company spent RMB175 million in research and development, an increase of 54.37% over the same period last year. The company has constantly focused on its main business sector and strengthened its endogenous growth momentum, to reinforce the production, marketing and competitive power of glufosinate and other dominant products. It has also actively managed its L-glufosinate business in several locations, which will establish a good foundation for the company’s future growth.

Going forward, Lier Chemical is prepared to continue to focus on the advantages of its dominant products, to advance towards high-quality development via:

Maintaining technical advantage

The company is the second enterprise in the world after Dow AgroSciences to have a good command of the pyridine catalytic chlorination technique and has been continuously optimizing the technique, having formed a dependable, mature and large-scale production process to ensure stable product quality. The company has fully utilized its technical advantage after becoming the first enterprise in China to have a good command of the key technology for synthesizing glufosinate and L-glufosinate under mass production.

Expanding customer advantage

The company has exported products to more than 30 countries and regions, including the United States, Brazil, Argentina and Australia, having established long-term and stable relationship with large global agrochemical companies, such as Corteva, BASF, Syngenta and Nufarm, to fulfill the diverse procurement needs of these esteemed customers.

Enhancing scale advantage

Since its inception, the company has been engaged in the research, development, production and marketing of pesticide technical and formulation products, supported by its more than 20 years of pesticide production and operation experience. The company’s product line covers chemical raw materials, intermediates, technical materials and formulations, forming a complete supply chain that ensure the supply of dependable products, backed up by the multiple production bases of the company. Lier Chemical is the largest Chinese chloropyridine pesticide technical and formulation manufacturer, as well as the largest glufosinate technical manufacturer in the country. The company is ranked in China’s top 10 in terms of pesticide sales for five consecutive years, and is also ranked as a top 20 global agrochemical company.