Reportlinker Adds Crop Protection China News 1106
NEW YORK, April 7, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Crop Protection China News 1106
http://www.reportlinker.com/p0471044/Crop-Protection-China-News-1106.html
Domestic listed pesticide players continuously release their 2010 financial report recently. Their business performance in 2010 seems to be some happy and some sad. Hubei Sanonda enjoys good performance compared with other listed companies such as Jiangsu Huifeng and Shandong Shengli. Its net profit in 2010 witnesses huge growth, reaching USD3.62 million, up 23.29% over 2009, even though its revenue in 2010 records subtle decrease of 4.87%.
Eyeing the gradual recovery of pesticide market, many domestic players have set up business plans and strategies in 2011. Noposion founds a research center in Qingdao, aiming to further assist its business in northern China. Jiangsu Yangnong announces to publicly issue short-term financing bonds of USD45.66 million for the capital demand of its business in 2011.
The recovery of pesticide market together with price hike of raw material has driven up the price of pesticides, especially insecticides. However, intense competition in 2011 is still the concern of most domestic pesticide players. Large gap between large international pesticide companies and domestic ones have urged them to change.
Moreover, the reorganization of Shandong Dacheng has confronted flux recently. The assignee name of equity transaction has been changed into three other units from Shandong Hualian and finally nailed down.
As for pesticide management license system in China, it hasn't been adopted by the State Council yet. Though a major adjustment has been made, it still faces a lot of disagreements among related units. No evidence shows the newly revised "Regulations on the Management of Pesticides" which is working on the implementation policy of pesticide management license system will be released in the near future.
Hubei Sanonda enjoys huge net profit growth in 2010 with about USD3.62 million, up 23.29% over 2009.
Noposion co-founds a research center with its subsidiary in Qingdao Hi-Tech Zone.
Jiangsu Huifeng reveals its 2010 financial report on 25 March 2011 showing its rise in revenue, but decline in net profit in 2010.
Chemical pesticide business of SDSL suffers net profit deficit in 2010 although sales revenues rises.
Shandong Dacheng changed and finally confirmed the assignee for its equity transaction, but not Shandong Hualian formerly announced.
Jiangsu Yangnong announces to publicly issue short-term financing bonds of USD45.66 million on 29 March 2011.
China pesticide enterprises need great efforts to grow more competitiveness.
Prices of most insecticide products keep rising steadily in early months of 2011.
It is generally believed that China will establish pesticide management license system although variables still exist in introduction of the policy.
Hubei Sanonda: net profit up 23.29% in 2010
Noposion founds research center in Qingdao
Jiangsu Huifeng: 2010 net profit drops despite grow in revenue
SDSL: deficit in chemical pesticide business 2010
Shandong Dacheng's assignee of reorganization confirmed
Jiangsu Yangnong to raise USD45.66 million
Market recovery urges domestic pesticide players to change
Prices of most insecticides tend to rise
China to bring back pesticide management license system
Companies mentioned
Hubei Sanonda Group Co.,Ltd., Shenzhen Noposion Agrochemical Co., Ltd., Shandong Shengli Co., Ltd., Shandong Dacheng Pesticide Co., Ltd., Jiangsu Huifeng Agrochemical Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd.
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: Crop Protection China News 1106
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Nicolas Bombourg
Reportlinker
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