2010-11-03

Pesticides and fertilizers in China enterprises listed on the lack of overall performance!

According to the China Fertilizer Industry Association statistics, the current national rate of urea unit starts at about 75%, belong to a relatively low level in recent years.August after the fertilizer into the off-season, second half of the nitrogen fertilizer business in order to export and dealers can only hope that out of the woods a short storage. The phosphate and potash market is become active, it would be six chemicals, Hubei Yihua, Chengxing shares, Salt Lake Group, Salt Lake Potash and other companies have a positive impact. 
Phosphate fertilizer business situation is relatively better. "This year in the first half, our operating rate remained at 80% to 90%, the normal production and sales year on year, the company 60,000 tons of basic phosphate fertilizer project light storage in place, the company has played a positive role in continuous production." Liuguo Chemical Co., Ltd. Sales Deputy General Manager Liu Xiaowang said. Chemical has just been published six Daily News revealed that the first half of the company's net profit of 046 million yuan, up by 131.46%. August 6, Hubei Yihua Chemical Industry Co., Ltd. announced in reported first half of the main income of 5,019,083,300 yuan, up 20.95%; net profit of 328,320,800 yuan, an increase of 199.84%. 
China Salt Industry Association branch president Li Gang said the potash industry, as the largest potash company, Qinghai Salt Lake Industry Group in the first half of the potassium chloride production of the physical volume of 1.13 million tons, accounting for 64.3% of national output than last year same period increased by 6 percentage points. But the company's other businesses affected by the storm disasters, Salt Lake Group to increase production just arrived to go to other companies to reduce production 
Affected by the weather, pesticides, listed companies are also mediocre. Glyphosate reduced export tax rebate on the already overcapacity glyphosate enterprises more difficult. According to industry analysts, Nantong Jiangshan Pesticide Chemical Co., Ltd., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Anhui Huaxing Chemical Industry Co., Ltd. and other corporate earnings will be some negative effects. Huaxing Chemical in the June 30 Daily News published notice, said: Estimated 1 to 6 months in 2010 attributable to shareholders of listed companies over the previous year net profit down 90% to 100%. July 27, country share semi-annual report released shows that first half of the company's main income of 1.1 billion yuan, down 10.41%; net loss of 5.48 million yuan, down by 490.73 percent.

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