On May 17, 2023, China Crop Protection Industry Association (CCPIA) publicized the list of the Top 100 Chinese Pesticide Formulation Sales, where Zhongxun Agri-Science ranks first on the top 100 list, at a sale value of RMB4.143 billion yuan.
Sticking to the concept of ″technology leading innovation and capacity driving production,″ Zhongxun could constantly achieve a record-high growth for years, with the corporate spirit of ″constant surpass,″ having this time achieved an important milestone in the history of the development of the company, where the Group achieved rapid growth from sales of RMB1 billion yuan in 2018 to RMB4 billion yuan in 2022, at a compound growth rate of over 30% for seven consecutive years.
Over recent years, Zhongxun Group has continued its investment in expansion of production capacity of technical materials. As a new force in production of technical materials, Zhongxun Hubei Changqing, a subsidiary of Zhongxun Group, has maintained its stable increase in production and supply since start of operation. The product quality of cyhalofop-butyl and clodinafop-propargyl, which are the primary products of the company, have been highly regarded by the market. The company has made further investment in a production base in Jingmen, Hubei. At the same time, the company is planning an investment of RMB1.5 billion yuan in newbuild of its second technical material production base in Songzi, Hubei, which broke ground in August 2022. Going forward, the company is prepared to launch a series of insecticide and fungicide products in the new production bases, including chlorantraniliprole and fluopyram, as well as some created products, which will gradually make up for the weak side of the industrial chain of the company, and will pave the way for the company’s better service to China’s green agricultural development.
In the face of the serious and continued downward slide of the technical material market in 2023, the senior management of Zhongxun Group has conducted a series of organizational adjustment to adapt to the current situation and future strategic goals to ensure the rapid, healthy and sustainable development of the Group in the years ahead. In the future, Zhongxun Group will continue to follow its corporate mission and sustainable development strategy of ″enhancing crop value and benefiting human life″ toward greater success, as backed up by science and technology, continuous learning and continuous innovation.
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