As of October 29, a listed company reported third quarter 2010 basic announcement.Southern Rural News stakeholders quarterly statistics published 38 agricultural enterprises listed in Shanghai and Shenzhen (18 pesticides, fertilizers, 20), 23 enterprises of the first three quarters (1-9 months) decline in net profit compared to last year , accounting for 60.53% of enterprises, while the first half of the performance of enterprises accounted for 47.37% decline; 12 listed a loss of agricultural enterprises, including pesticides, fertilizers, each half of the business, many companies have already announced expected results for the year 2010 will be loss.
Pesticides: another three-loss rate quagmire trap
Stakeholders of the 18 pesticides listed companies reported third-quarter 2010 report found that eight third-quarter net profit fell compared with last year, dropped the most serious of four enterprises are the culmination of shares, Huayang Technology,Red Sun, Huaxing Chemical, a decline of up to 6433.26%, respectively, 5874.83%, 411.22%, 402.96%. One Great Stock, country, and * ST shares issued in the third quarter of the country continues to incur losses, Huayang Technology, red sun, although Huaxing Chemical sharp drop in first-half results, but no loss can be a loss in the third quarter into a quagmire. Statistics The six companies in the third quarter loss amounted to about 133 million, compared with first half of the four companies (country shares, Hebei Weiyuan, Dacheng * ST shares and National Development) total loss of nearly 1 billion more.
Pesticides: another three-loss rate quagmire trap
Stakeholders of the 18 pesticides listed companies reported third-quarter 2010 report found that eight third-quarter net profit fell compared with last year, dropped the most serious of four enterprises are the culmination of shares, Huayang Technology,Red Sun, Huaxing Chemical, a decline of up to 6433.26%, respectively, 5874.83%, 411.22%, 402.96%. One Great Stock, country, and * ST shares issued in the third quarter of the country continues to incur losses, Huayang Technology, red sun, although Huaxing Chemical sharp drop in first-half results, but no loss can be a loss in the third quarter into a quagmire. Statistics The six companies in the third quarter loss amounted to about 133 million, compared with first half of the four companies (country shares, Hebei Weiyuan, Dacheng * ST shares and National Development) total loss of nearly 1 billion more.
However, the general downturn in the industry background, there are still rising pesticide enterprises to maintain performance or profitability, the industry that the company management on innovation and improve resource utilization. Such as the loss of the first half of the Weiyuanshenghua also trapped in the third quarter net profit rose 1512.09%, the first three quarters of the net profit still can not reach the level of last year, down 95.84 percent. In this regard, Weiyuanshenghua quarterly analysis, business improvement is an increase in the form of market segments to develop, improve inter crops, field crops other than the market sales, the compression of the management costs, while the disposal of idle assets, improve asset utilization. And stand in the fourth quarter will continue to do the work, expected in 2010 will achieve full year net profit losses; Evergreen Chemical is the only rise in annual results released in 2010, and analysis of new product market because the company was well, the main product sales stability; to raise funds, super funds raised increase in interest income, finance costs reduced significantly.
Fertilizer: Nitrogen is more dismal business performance
As of October 29, 23 listed companies in fertilizer have been 20 reported third-quarter, three quarters of decline in performance of 11, accounting for 55% of the enterprise; the third quarter decreased 7 business performance.
Industries, the statistics of the 12 main nitrogen fertilizer production enterprises in eight first three quarters of a marked decline over the prior year results, including the Liao Tung Chemical, * ST River of, Chuanhuagufen, Lutianhua, day 5 companies run development loss. Third-quarter net profit fell for the biggest Liao Tung Chemical, Chuanhuagufen were 1165.56%, 439.96%. The main reason for the dismal business, many companies conduct market analysis, one natural gas supply, the product decline, with prices beginning in May, or about 0.36 yuan / cubic meter, resulting in unit production costs than a year earlier partial high, such as the Liao Tung Chemical Engineering from July to September end to increase the loss of 5,000 million; by the international financial crisis, the domestic fertilizer market downturn, the company fertilizers, chemical products, prices dropped significantly. Jianfeng Chemical, Lutianhua annual results and other enterprises is expected to decline in 2010, * ST River of the sky Run development is not optimistic about the fourth quarter, prices were expected to lose 20 million -3000 million, 250 000 000 -32 600 million .
Fertilizer: Nitrogen is more dismal business performance
As of October 29, 23 listed companies in fertilizer have been 20 reported third-quarter, three quarters of decline in performance of 11, accounting for 55% of the enterprise; the third quarter decreased 7 business performance.
Industries, the statistics of the 12 main nitrogen fertilizer production enterprises in eight first three quarters of a marked decline over the prior year results, including the Liao Tung Chemical, * ST River of, Chuanhuagufen, Lutianhua, day 5 companies run development loss. Third-quarter net profit fell for the biggest Liao Tung Chemical, Chuanhuagufen were 1165.56%, 439.96%. The main reason for the dismal business, many companies conduct market analysis, one natural gas supply, the product decline, with prices beginning in May, or about 0.36 yuan / cubic meter, resulting in unit production costs than a year earlier partial high, such as the Liao Tung Chemical Engineering from July to September end to increase the loss of 5,000 million; by the international financial crisis, the domestic fertilizer market downturn, the company fertilizers, chemical products, prices dropped significantly. Jianfeng Chemical, Lutianhua annual results and other enterprises is expected to decline in 2010, * ST River of the sky Run development is not optimistic about the fourth quarter, prices were expected to lose 20 million -3000 million, 250 000 000 -32 600 million .
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