Financial Analysis of Chinese Listed Pesticide Enterprises in H1 2021

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $842.40	39 Pages	Kcomber Inc.	January, 2022	OFCM16986341

Best Price Guarantee
Price	from $842.40
Length	39 Pages
Publisher	Kcomber Inc.
Published Date	January, 2022
SKU	OFCM16986341

Financial Analysis of Chinese Listed Pesticide Enterprises in H1 2021

In H1 2021, with the global COVID

19 easing, China's domestic economy continued to recover and a large number of orders poured into China as the operating rate of basic chemicals in the international market was insufficient, driving up the rise of bulky varieties of herbicide. According to the data of Sino
Agri, the price index of herbicide TC reached 158.86 points on 27 June, hitting a new high in the past decade. Among the herbicide products, the sales price of glyphosate continued to rise, up by 126.40% year on year.

In this report, we will focus on 25 selected Chinese pesticide companies' 2021 semi

annual reports and understand the current development of China's pesticide industry market. Regarding the performance of revenue in H1 2021, 20 of them have positive revenue growth. The total growth rate of them increased to nearly 16% year on year. Thereinto, AMDAMA Ltd. ranked the first, whose revenue was far beyond its counterparts. Meanwhile, Sichuan Hebang, Jiangsu Suli, Lianhetech and Anhui Guangxin saw revenue grow over 40% year on year. The highest growth rate of net profit was ranked, as well as R&D investment, etc.

Nowadays, China's agrochemical enterprises face fiercer competition. According to the tracking of 100 active pesticide varieties in China in H1 2021, the prices of 35 varieties rose, while 51 fell and 14 remained as usual. In addition, due to China's favorable policies of the domestic agricultural industry, as well as the promotion of CO2 peak and neutrality, the pesticide industry will also carry out green transformation, accelerate the elimination of backward production capacity, and maintain the high operation of pesticide prices. Under the stimulation of various factors, the performance of listed pesticide enterprises will be affected in 2021 and the next two years.

In this report, CCM will analyse 25 major listed pesticide companies in China in H1 2021 from the following aspects:

Total revenue
Net profit
Net cash flow
Total assets
Net assets
R&D expenses

Companies Mentioned

Shenzhen Noposion Agrochemicals Co., Ltd.
Zhejiang Wynca Chemical Industrial Group Co., Ltd.
ADAMA Ltd.
Nanjing Red Sun Co., Ltd.
Lier Chemical Co., Ltd.
Limin Group Co., Ltd.
Hailir Pesticides and Chemicals Group Co., Ltd.
Anhui Guangxin Agrochemical Co., Ltd.
Sino-Agri Leading Biosciences Co., Ltd.
Jiangsu Huifeng Bio Agriculture Co., Ltd.
Jiangsu Flag Chemical Industry Co., Ltd.
ABA Chemicals Corporation
Jiangsu Yangnong Chemical Co., Ltd.
Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
Jiangsu Changqing Agrochemical Co., Ltd.
Sichuan Guoguang Agrochemical Co., Ltd.
Shandong Cynda Chemical Co., Ltd.
Zhejiang Qianjiang Biochemical Co., Ltd.
Suli Co., Ltd.
Jiangsu Fengshan Group Co., Ltd.
Hubei Xingfa Chemicals Group Co., Ltd.
Jiangsu Lanfeng Bio-chemical Co., Ltd.
Hunan Haili Chemical Industry Co., Ltd.
Lianhe Chemical Technology Co., Ltd.
Sichuan Hebang Biotechnology Co., Ltd.

Executive summary: Methodology
1 Rankings of listed pesticide companies in China in H1 2021: 1.1 Listed pesticide companies in China; 1.2 Ranking by total revenue; 1.3 Ranking by net profit; 1.4 Ranking by net cash flow; 1.5 Ranking by total assets; 1.6 Ranking by net assets; 1.7 Ranking by R&D expenses
2 Analysis of listed pesticide companies in China in H1 2021: 2.1 Shenzhen Noposion Agrochemicals Co., Ltd.; 2.2 Zhejiang Wynca Chemical Industrial Group Co., Ltd.; 2.3 ADAMA Ltd.; 2.4 Nanjing Red Sun Co., Ltd.; 2.5 Lier Chemical Co., Ltd.; 2.6 Limin Group Co., Ltd.; 2.7 Hailir Pesticides and Chemicals Group Co., Ltd.; 2.8 Anhui Guangxin Agrochemical Co., Ltd.; 2.9 Sino-Agri Leading Biosciences Co., Ltd.; 2.10 Jiangsu Huifeng Bio Agriculture Co., Ltd.; 2.11 Jiangsu Flag Chemical Industry Co., Ltd.; 2.12 ABA Chemicals Corporation; 2.13 Jiangsu Yangnong Chemical Co., Ltd.; 2.14 Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.; 2.15 Jiangsu Changqing Agrochemical Co., Ltd.; 2.16 Sichuan Guoguang Agrochemical Co., Ltd.; 2.17 Shandong Cynda Chemical Co., Ltd.; 2.18 Zhejiang Qianjiang Biochemical Co., Ltd.; 2.19 Suli Co., Ltd.; 2.20 Jiangsu Fengshan Group Co., Ltd.; 2.21 Hubei Xingfa Chemicals Group Co., Ltd.; 2.22 Jiangsu Lanfeng Bio-chemical Co., Ltd.; 2.23 Hunan Haili Chemical Industry Co., Ltd.; 2.24 Lianhe Chemical Technology Co., Ltd.; 2.25 Sichuan Hebang Biotechnology Co., Ltd.
LIST OF TABLES: Table 1.1-1 Major listed pesticide companies in China; Table 1.2-1 Total revenue of the 25 listed pesticide companies in China, H1 2021 vs H1 2020; Table 1.3-1 Net profit of the 25 listed pesticide companies in China, H1 2021 vs H1 2020; Table 1.4-1 Net cash flow from operating of the 25 listed pesticide companies in China, H1 2021 vs H1 2020; Table 1.5-1 Total assets of the 25 listed pesticide companies in China, H1 2021 vs end of 2020; Table 1.6-1 Net assets of the 25 listed pesticide companies in China, H1 2021 vs end of 2020; Table 1.7-1 R&D expenses of the 25 listed pesticide companies in China, H1 2021 vs H1 2020; Table 2.1-1 Major financial performance indicators of Shenzhen Noposion, million USD; Table 2.1-2 Analysis of Shenzhen Noposion's revenues, H1 2021 vs H1 2020, million USD; Table 2.2-1 Major financial performance indicators of Zhejiang Wynca, million USD; Table 2.2-2 Analysis of Zhejiang Wynca's revenues, H1 2021 vs H1 2020, million USD; Table 2.3-1 Major financial performance indicators of ADAMA, million USD; Table 2.3-2 Analysis of ADAMA's revenues, H1 2021 vs H1 2020, million USD; Table 2.4-1 Major financial performance indicators of Nanjing Red Sun, million USD; Table 2.4-2 Analysis of Nanjing Red Sun's revenues, H1 2021 vs H1 2020, million USD; Table 2.5-1 Major financial performance indicators of Lier Chemical, million USD; Table 2.5-2 Analysis of Lier Chemical's revenues, H1 2021 vs H1 2020, million USD; Table 2.6-1 Major financial performance indicators of Limin Group, million USD; Table 2.6-2 Analysis of Limin Group's revenues, H1 2021 vs H1 2020, million USD; Table 2.7-1 Major financial performance indicators of Hailir Pesticides & Chemicals, million USD; Table 2.7-2 Analysis of Hailir Pesticides & Chemicals' revenues, H1 2021 vs H1 2020, million USD; Table 2.8-1 Major financial performance indicators of Anhui Guangxin, million USD; Table 2.8-2 Analysis of Anhui Guangxin's main business revenues, H1 2021 vs H1 2020, million USD; Table 2.9-1 Major financial performance indicators of Sino-Agri, million USD; Table 2.9-2 Analysis of Sino-Agri's revenues, H1 2021 vs H1 2020, million USD; Table 2.10-1 Major financial performance indicators of Jiangsu Huifeng, million USD; Table 2.10-2 Analysis of Jiangsu Huifeng's revenues, H1 2021 vs H1 2020, million USD; Table 2.11-1 Major financial performance indicators of Flagchem, million USD; Table 2.11-2 Analysis of Flagchem's revenues, H1 2021 vs H1 2020, million USD; Table 2.12-1 Major financial performance indicators of ABA CHEM, million USD; Table 2.12-2 Analysis of ABA CHEM's revenues, H1 2021 vs H1 2020, million USD; Table 2.13-1 Major financial performance indicators of Jiangsu Yangnong, million USD; Table 2.13-2 Analysis of Jiangsu Yangnong's main business revenues, H1 2021 vs H1 2020, million USD; Table 2.14-1 Major financial performance indicators of Nantong Jiangshan, million USD; Table 2.14-2 Analysis of Nantong Jiangshan's revenues, H1 2021 vs H1 2020, million USD; Table 2.15-1 Major financial performance indicators of Jiangsu Changqing, million USD; Table 2.15-2 Analysis of Jiangsu Changqing's revenues, H1 2021 vs H1 2020, million USD; Table 2.16-1 Major financial performance indicators of Sichuan Guoguang, million USD; Table 2.16-2 Analysis of Sichuan Guoguang's revenues, H1 2021 vs H1 2020, million USD; Table 2.17-1 Major financial performance indicators of Shandong Cynda, million USD; Table 2.17-2 Analysis of Shandong Cynda's revenues, H1 2021 vs H1 2020, million USD; Table 2.18-1 Major financial performance indicators of Qianjiang Biochemical, million USD; Table 2.18-2 Analysis of Qianjiang Biochemical's revenues, H1 2021 vs H1 2020, million USD; Table 2.19-1 Major financial performance indicators of Jiangsu Suli, million USD; Table 2.19-2 Analysis of Jiangsu Suli's revenues, H1 2021 vs H1 2020, million USD; Table 2.20-1 Major financial performance indicators of Jiangsu Fengshan, million USD; Table 2.20-2 Analysis of Jiangsu Fengshan's revenues, H1 2021 vs H1 2020, million USD; Table 2.21-1 Major financial performance indicators of Hubei Xingfa, million USD; Table 2.21-2 Analysis of Hubei Xingfa's main business revenues, H1 2021 vs H1 2020, million USD; Table 2.22-1 Major financial performance indicators of Jiangsu Lanfeng, million USD; Table 2.22-2 Analysis of Jiangsu Lanfeng's revenues, H1 2021 vs H1 2020, million USD; Table 2.23-1 Major financial performance indicators of Hunan Haili, million USD; Table 2.23-2 Analysis of Hunan Haili's revenues, H1 2021 vs H1 2020, million USD; Table 2.24-1 Major financial performance indicators of Lianhetech, million USD; Table 2.24-2 Analysis of Lianhetech's revenues, H1 2021 vs H1 2020, million USD; Table 2.25-1 Major financial performance indicators of Sichuan Hebang, million USD; Table 2.25-2 Analysis of Sichuan Hebang's main business revenues, H1 2021 vs H1 2020, million USD