Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Changqing Agrochemical achieves net profit of RMB173 million yuan in 1H 2023, annual 10,000-ton s-metolachlor project begins productionqrcode

Aug. 21, 2023

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Aug. 21, 2023

On August 15, Chinese agrochemical compamy Changqing Agrochemical released its semi-annual report, which stated that the company achieved an operating income of RMB2.004 billion yuan in the first half of 2023, down 5.90% year-on-year.

The net profit attributable to shareholders was RMB173 million yuan, down 14.48% year-on-year; the net profit attributable to shareholders net of non-recurring profits and losses was RMB176 million yuan, down 12.87% year-on-year.

In the first half of 2023, there was downward pressure on domestic and foreign economies. The overall pesticide market was depressed, export was frustrated, and product prices continued to decline, having imposed challenges to the company’s production and operation.

In the circumstance, via strengthened marketing, production, relocation and internal management arrangements, in the first half of 2023, Changqing Agrochemical could still achieve an operating income of RMB2.004 billion which was down 5.90% year on year, as well as a net profit attributable to shareholders of RMB173 million yuan which was down 14.48% year on year.
During the reporting period, the company could actively advance the construction of its new projects in the Hubei production base, where the annual 10,000-ton s-metolachlor project has begun production, the annual 1,000-ton bifenthrin technical project and the annual 2,000-ton fomesafen technical project have started trial production.

Meanwhile, the company has progressed with the relocation of the riverside factory, where civil works of four workshops have been completed and they are ready for equipment installation.

[ Survey ]

How much inventory do you still have?

 Soaring or falling prices of bulk agri-inputs in the short term is not conducive to ensuring the stability of agricultural production, AgroPages hopes to use our media features to help the industry correct prices and keep them as reasonable as possible.
"Inventory" is undoubtedly one of the key factors affecting the market trend price fluctuations this year, and the speed of inventory reduction will also affect the market trend in the second half of the year and maybe next year, so we launched this "inventory survey" with the intention of assisting the industry to make a clearer situation judgment in the critical period of this 2 months. Readers who participate in this survey and carefully answer all questions, we will send you the final research results (without company or personal information).
  1. 1. Please let us know your position in the agrochemical industry
    • Manufacturer
    • Trading company
    • Wholesaler
    • Distributor
    • E-commerce
    • Retailer
    • Farmer
    • Other (Please specify)

  2. 2. What is your main product category?
    • Herbicide
    • Fungicide
    • Insecticide
    • Fertilizer
    • Biosolution
    • Other (Please specify)

  3. 3. Could you introduce your inventory rate?
    • Inventory has been emptied
    • 10%
    • 20%
    • 40%
    • 100%
    • 140%
    • Other(please specify)

  4. 4. What was the safety inventory ratio for the same period in previous years?
  5. 5. What products do you have in large stock?
    • Glyphosate
    • Diquat
    • Imidacloprid
    • Abamectin
    • Chlorothalonil
    • Azoxystrobin
    • Other(please specify)

  6. 6. Which products will you prioritize in initiating procurement? Approximately when it will happen?
  7. 7. Is there currently a shortage of supply for any products? Please list product names.
  8. 8. Please submit the contact informaiton
    Your Name:
Source: AgroNews


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