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

Pesticide income of Lanfeng Bio-Chem rose 10% in H1 2012qrcode

Sep. 20, 2012

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Sep. 20, 2012
Chinese company Jiangsu Lanfeng Biochemical Co., Ltd (“Lanfeng Bio-Chem”) recently announced its performance results of the first-half year of 2012, revealing the company’s operating income to be Yuan 627.31 million which is 6.17% up compared with the same period last year, operating profit to be Yuan 44.94 million, down 37.53%, total profit to be Yuan 44.73 million, dropped 37.28%. The decrease of operating profit and total profit is attributable to the drop of product selling price, significant increase of R&D and financial costs.

Performance Results in H1 2012 (million Yuan)
First-half year ended June 30th
2012
2011
change %
Operating income
627.31
590.85
+6.17
Operating profit
44.95
71.95
-37.53
Total profit
44.73
71.32
-37.28

The company’s pesticide operating income increased by 10.16% to Yuan 497 million, thereinto, operating income of fungicides was Yuan 291.46 million, down 14.71%; followed by herbicides, Yuan 93.81 million, up 27.72%, of which hexazinone had the highest growth; insecticides rose by 232.05% reaching Yuan 106.01 million, which is mainly a result of the capital raise project becoming operational.

Pesticide products incomes in H1 2012 (million Yuan)
Category
Operating income
change %
Gross profit (%)
change %
Fungicides
291.46
-14.71
+16.28
-2.92
Herbicides
93.82
+27.72
+33.77
+10.62
Insecticides
106.02
+232.05
+6.9
-10.39
Total
497.29
+10.16
+17.41
-2.14

The company’s sales in international market in first-half year 2012 have grown up to Yuan 394.60 million, up by 16.41%; however sales in domestic market were not so satisfactory, which was only Yuan 232 million, slipped by 7.61%.

Territory of trade in H1 2012 (million Yuan)
Territory
Operating income
change %
International
394.60
+16.41
Domestic
232.71
-7.61
Total
627.31
+6.17

Lanfeng Bio-Chem is a large-scale agrochemical enterprise specializing in research, production and sales of pesticide technical and formulation series including fungicide, insecticide and herbicide as well as fine-chemical intermediates. The Lanfeng Bio-Chem’s major product capacity ranks among industry leaders, being China’s largest thiophanate-methyl producer, one of the several Chinese enterprises which can manufacture spermine and also a prime hexazinone supplier in China. The company’s products are exported worldwide, covering 35 countries and regions across North America, South America, Europe and Asia.
Source: AgroNews

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