2014 Annual Report Analysis of China's Listed Pesticide Enterprises
Market dynamics:
Catalog of Foreign-funded Industries Guidance (revised in 2015) had been carried on since April 10, 2015. Compared with the previous edition, the new catalog had deleted the ratio limit of stocks holding by foreign companies in agricultural materials chain stores who have more than 30 wholesale, retail and distribution substances. This marks the agricultural materials distribution’s overall opening to foreign investments, and is in favor of the whole management level of China’s agriculture materials.
As representatives of pesticide industry in China, domestic listed pesticide enterprises are supposed to be the guides for the development of the whole industry. In this issue, annual reports of the 21 domestic listed enterprises involved in pesticides or pesticide intermediates were summarized and analyzed. In 2014, the pesticide industry in China still faced complex situation. The review of pesticide industry in 2014 will give a clear sign for the situation.
On the whole, the data from these listed pesticide enterprises in 2014 also showed an uptrend, while with slower growth compared with that in 2013: the total revenue of the 21 listed pesticide enterprises reached USD9,719.22 million, 6.14% higher YoY, with a growth rate which was much lower than that of 2013 (16.74%); the net profit of 21 listed pesticide enterprises reached USD742.57 million, 6.85% higher YoY, but the growth rate was far lower than that in 2013 (32.68%); the total pesticide revenue of the 21 enterprises reached USD5,780.98 million, 7.27% higher YoY.
The business performance of many companies was affected by their pesticide structure to some extent like Jiangsu Lanfeng. Adjustment of product structure and strategy transition have been carrying on by many enterprises, and M&A also affected much on the ranking of the listed pesticide enterprises. Pesticide E-business platforms had been under construction by many enterprises like Jiangsu Huifeng, Noposion and ENN-EC, and been seen as a new growth point for their pesticide business.
In this report, there are ranking lists of pesticide listed enterprises by various indexes like revenue and profit. Besides, the performance during 2010 to 2014 and growth points of each enterprise had been analyzed in detail.
Exchange rate: USD100 = RMB 613.055, the same hereinafter.
In this report, Hebei Veyong Bio-Chemical Co., Ltd. (Hebei Veyong) is renamed as ENN Ecological Holdings Co., Ltd. (ENN-EC); Anhui Huaxing Chemical Industry Co., Ltd. (Anhui Huaxing) is renamed as CEFC Anhui International Holding Co., Ltd. (CEFC International).
The net profit means 'net profit attributable to shareholders of the company' in the report.
Companies Mentioned
Zhejiang Wynca Chemical Group Co., Ltd.
Nanjing Redsun Co., Ltd.
Huapont-Nutrichem Co., Ltd.
Jiangsu Yangnong Chemical Co., Ltd.
…
Catalog of Foreign-funded Industries Guidance (revised in 2015) had been carried on since April 10, 2015. Compared with the previous edition, the new catalog had deleted the ratio limit of stocks holding by foreign companies in agricultural materials chain stores who have more than 30 wholesale, retail and distribution substances. This marks the agricultural materials distribution’s overall opening to foreign investments, and is in favor of the whole management level of China’s agriculture materials.
As representatives of pesticide industry in China, domestic listed pesticide enterprises are supposed to be the guides for the development of the whole industry. In this issue, annual reports of the 21 domestic listed enterprises involved in pesticides or pesticide intermediates were summarized and analyzed. In 2014, the pesticide industry in China still faced complex situation. The review of pesticide industry in 2014 will give a clear sign for the situation.
On the whole, the data from these listed pesticide enterprises in 2014 also showed an uptrend, while with slower growth compared with that in 2013: the total revenue of the 21 listed pesticide enterprises reached USD9,719.22 million, 6.14% higher YoY, with a growth rate which was much lower than that of 2013 (16.74%); the net profit of 21 listed pesticide enterprises reached USD742.57 million, 6.85% higher YoY, but the growth rate was far lower than that in 2013 (32.68%); the total pesticide revenue of the 21 enterprises reached USD5,780.98 million, 7.27% higher YoY.
The business performance of many companies was affected by their pesticide structure to some extent like Jiangsu Lanfeng. Adjustment of product structure and strategy transition have been carrying on by many enterprises, and M&A also affected much on the ranking of the listed pesticide enterprises. Pesticide E-business platforms had been under construction by many enterprises like Jiangsu Huifeng, Noposion and ENN-EC, and been seen as a new growth point for their pesticide business.
In this report, there are ranking lists of pesticide listed enterprises by various indexes like revenue and profit. Besides, the performance during 2010 to 2014 and growth points of each enterprise had been analyzed in detail.
Exchange rate: USD100 = RMB 613.055, the same hereinafter.
In this report, Hebei Veyong Bio-Chemical Co., Ltd. (Hebei Veyong) is renamed as ENN Ecological Holdings Co., Ltd. (ENN-EC); Anhui Huaxing Chemical Industry Co., Ltd. (Anhui Huaxing) is renamed as CEFC Anhui International Holding Co., Ltd. (CEFC International).
The net profit means 'net profit attributable to shareholders of the company' in the report.
Companies Mentioned
Zhejiang Wynca Chemical Group Co., Ltd.
Nanjing Redsun Co., Ltd.
Huapont-Nutrichem Co., Ltd.
Jiangsu Yangnong Chemical Co., Ltd.
…
1 OVERVIEW
2 PERFORMANCE OF CHINA'S LISTED PESTICIDE INDUSTRY IN 2014
2.1 Ranking of 21 domestic listed pesticide enterprises in 2014
2.1.1 List of China's listed pesticide enterprises
2.1.2 By revenue
2.1.3 By net profit
2.1.4 By operation profit
2.1.5 By net cash flows from operating activities
2.1.6 By total assets
2.1.7 By revenue and gross profit margin of pesticide business
2.1.8 By R&D investment
2.2 Analysis of listed pesticide enterprises
2.2.1 Zhejiang Wynca Chemical Group Co., Ltd.
2.2.2 Nanjing Redsun Co., Ltd.
2.2.3 ENN Ecological Holdings Co., Ltd.
2.2.4 Huapont-Nutrichem Co., Ltd.
2.2.5 Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
2.2.6 Jiangsu Yangnong Chemical Co., Ltd.
2.2.7 Hubei Sanonda Co., Ltd.
2.2.8 Lianhe Chemical Technology Co., Ltd.
2.2.9 Shenzhen Noposion Agrochemical Co., Ltd.
2.2.10 Shandong Shengli Co., Ltd.
2.2.11 Jiangsu Huifeng Agrochemical Co., Ltd.
2.2.12 Zhejiang Shenghua Biok Biology Co., Ltd.
2.2.13 Jiangsu Changqing Agrochemical Co., Ltd.
2.2.14 Lier Chemical Co., Ltd.
2.2.15 Jiangsu Lanfeng Bio-Chemical Co., Ltd.
2.2.16 CEFC Anhui International Holding Co., Ltd.
2.2.17 Hefei Fengle Seed Co., Ltd.
2.2.18 Hunan Haili Chemical Industry Co., Ltd.
2.2.19 Zhejiang Qianjiang Biochemical Co., Ltd.
2.2.20 ABA Chemicals Corporation
2.2.21 Zibo Wanchang Science and Technology Co., Ltd.
2.2.22 Sinochem International Corporation
2 PERFORMANCE OF CHINA'S LISTED PESTICIDE INDUSTRY IN 2014
2.1 Ranking of 21 domestic listed pesticide enterprises in 2014
2.1.1 List of China's listed pesticide enterprises
2.1.2 By revenue
2.1.3 By net profit
2.1.4 By operation profit
2.1.5 By net cash flows from operating activities
2.1.6 By total assets
2.1.7 By revenue and gross profit margin of pesticide business
2.1.8 By R&D investment
2.2 Analysis of listed pesticide enterprises
2.2.1 Zhejiang Wynca Chemical Group Co., Ltd.
2.2.2 Nanjing Redsun Co., Ltd.
2.2.3 ENN Ecological Holdings Co., Ltd.
2.2.4 Huapont-Nutrichem Co., Ltd.
2.2.5 Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
2.2.6 Jiangsu Yangnong Chemical Co., Ltd.
2.2.7 Hubei Sanonda Co., Ltd.
2.2.8 Lianhe Chemical Technology Co., Ltd.
2.2.9 Shenzhen Noposion Agrochemical Co., Ltd.
2.2.10 Shandong Shengli Co., Ltd.
2.2.11 Jiangsu Huifeng Agrochemical Co., Ltd.
2.2.12 Zhejiang Shenghua Biok Biology Co., Ltd.
2.2.13 Jiangsu Changqing Agrochemical Co., Ltd.
2.2.14 Lier Chemical Co., Ltd.
2.2.15 Jiangsu Lanfeng Bio-Chemical Co., Ltd.
2.2.16 CEFC Anhui International Holding Co., Ltd.
2.2.17 Hefei Fengle Seed Co., Ltd.
2.2.18 Hunan Haili Chemical Industry Co., Ltd.
2.2.19 Zhejiang Qianjiang Biochemical Co., Ltd.
2.2.20 ABA Chemicals Corporation
2.2.21 Zibo Wanchang Science and Technology Co., Ltd.
2.2.22 Sinochem International Corporation
LIST OF TABLES
Table 2.1.1-1 List of major listed pesticide enterprises in China
Table 2.1.1-2 Number of listed pesticide listed enterprises by province/region in China, 2014
Table 2.1.2-1 Revenue of 22 listed pesticide enterprises in China, 2014
Table 2.1.3-1 Net profit of 22 listed pesticide enterprises in China, 2014
Table 2.1.4-1 Operation profit of 22 listed pesticide enterprises in China, 2014
Table 2.1.5-1 Net cash flows from operating activities of 22 listed pesticide enterprises in China, 2014
Table 2.1.6-1 Total assets of 22 listed pesticide enterprises in China, 2014
Table 2.1.7-1 Revenue and gross profit margin of 22 listed pesticides enterprises' pesticides business (including pesticides intermediates), 2014
Table 2.1.8-1 R&D investment of 22 listed pesticide enterprises in China, 2014
Table 2.2.1-1 Revenue and gross profit margin of Zhejiang Wynca by product, 2014
Table 2.2.1-2 Revenue of Zhejiang Wynca by region, 2014
Table 2.2.2-1 Revenue and gross profit margin of Nanjing Redsun by region, 2013 and 2014
Table 2.2.3-1 Revenue of ENN-EC by region, 2014
Table 2.2.4-1 Revenue and gross profit margin of Huapont-Nutrichem by region, 2013 and 2014
Table 2.2.5-1 Revenue of Nantong Jiangshan by region, 2014
Table 2.2.6-1 Pesticide sales volume (converted to 100%) of Jiangsu Yangnong, 2014
Table 2.2.6-2 Revenue of Jiangsu Yangnong by region, 2014
Table 2.2.7-1 Revenue and gross profit margin of Sanonda by regions, 2013 and 2014
Table 2.2.8-1 Revenue of Lianhe Chemical by region, 2014
Table 2.2.9-1 Revenue and gross profit margin of Noposion by region, 2013 and 2014
Table 2.2.11-1 Revenue and gross profit margin of Jiangsu Huifeng by region, 2013 and 2014
Table 2.2.12-1 Revenue of Shenghua Biok by region, 2014
Table 2.2.13-1 Revenue and gross profit margin of Jiangsu Changqing by region, 2013 and 2014
Table 2.2.14-1 Revenue and gross profit margin of Lier Chemical by region, 2013 and 2014
Table 2.2.15-1 Revenue of Jiangsu Lanfeng by region, 2013 and 2014
Table 2.2.16-1 Revenue and gross profit margin of CEFC International by region, 2013 and 2014
Table 2.2.17-1 Revenue and gross profit margin of Hefei Fengle by region, 2013 and 2014
Table 2.2.18-1 Revenue of Hunan Haili by regions, 2014
Table 2.2.19-1 Revenue of Qianjiang Biochemical by region, 2014
Table 2.2.20-1 Revenue and gross profit margin of ABA Chemicals by region, 2014
Table 2.2.21-1 Revenue and gross profit margin of Zibo Wanchang by region, 2014
Table 2.2.22-1 Revenue and gross profit margin of pesticide intermediates business of Sinochem International, 2013 and 2014
Table 2.2.22-2 Revenue and growth rate of Sinochem International by region, 2014
Table 2.1.1-1 List of major listed pesticide enterprises in China
Table 2.1.1-2 Number of listed pesticide listed enterprises by province/region in China, 2014
Table 2.1.2-1 Revenue of 22 listed pesticide enterprises in China, 2014
Table 2.1.3-1 Net profit of 22 listed pesticide enterprises in China, 2014
Table 2.1.4-1 Operation profit of 22 listed pesticide enterprises in China, 2014
Table 2.1.5-1 Net cash flows from operating activities of 22 listed pesticide enterprises in China, 2014
Table 2.1.6-1 Total assets of 22 listed pesticide enterprises in China, 2014
Table 2.1.7-1 Revenue and gross profit margin of 22 listed pesticides enterprises' pesticides business (including pesticides intermediates), 2014
Table 2.1.8-1 R&D investment of 22 listed pesticide enterprises in China, 2014
Table 2.2.1-1 Revenue and gross profit margin of Zhejiang Wynca by product, 2014
Table 2.2.1-2 Revenue of Zhejiang Wynca by region, 2014
Table 2.2.2-1 Revenue and gross profit margin of Nanjing Redsun by region, 2013 and 2014
Table 2.2.3-1 Revenue of ENN-EC by region, 2014
Table 2.2.4-1 Revenue and gross profit margin of Huapont-Nutrichem by region, 2013 and 2014
Table 2.2.5-1 Revenue of Nantong Jiangshan by region, 2014
Table 2.2.6-1 Pesticide sales volume (converted to 100%) of Jiangsu Yangnong, 2014
Table 2.2.6-2 Revenue of Jiangsu Yangnong by region, 2014
Table 2.2.7-1 Revenue and gross profit margin of Sanonda by regions, 2013 and 2014
Table 2.2.8-1 Revenue of Lianhe Chemical by region, 2014
Table 2.2.9-1 Revenue and gross profit margin of Noposion by region, 2013 and 2014
Table 2.2.11-1 Revenue and gross profit margin of Jiangsu Huifeng by region, 2013 and 2014
Table 2.2.12-1 Revenue of Shenghua Biok by region, 2014
Table 2.2.13-1 Revenue and gross profit margin of Jiangsu Changqing by region, 2013 and 2014
Table 2.2.14-1 Revenue and gross profit margin of Lier Chemical by region, 2013 and 2014
Table 2.2.15-1 Revenue of Jiangsu Lanfeng by region, 2013 and 2014
Table 2.2.16-1 Revenue and gross profit margin of CEFC International by region, 2013 and 2014
Table 2.2.17-1 Revenue and gross profit margin of Hefei Fengle by region, 2013 and 2014
Table 2.2.18-1 Revenue of Hunan Haili by regions, 2014
Table 2.2.19-1 Revenue of Qianjiang Biochemical by region, 2014
Table 2.2.20-1 Revenue and gross profit margin of ABA Chemicals by region, 2014
Table 2.2.21-1 Revenue and gross profit margin of Zibo Wanchang by region, 2014
Table 2.2.22-1 Revenue and gross profit margin of pesticide intermediates business of Sinochem International, 2013 and 2014
Table 2.2.22-2 Revenue and growth rate of Sinochem International by region, 2014
LIST OF FIGURES
Figure 2.2.1-1 Revenue and net profit of Zhejiang Wynca, 2010-2014
Figure 2.2.1-2 Revenue and gross profit margin of pesticide business of Zhejiang Wynca, 2010-2014
Figure 2.2.2-1 Revenue and net profit of Nanjing Redsun, 2009-2014
Figure 2.2.2-2 Main business structure of Nanjing Redsun by revenue, 2014
Figure 2.2.2-3 Revenue and gross profit margin of pesticide business of Nanjing Redsun, 2009-2014
Figure 2.2.3-1 Revenue and net profit of ENN-EC, 2009-2014
Figure 2.2.3-2 Main business structure of ENN-EC by revenue, 2014
Figure 2.2.3-3 Revenue and gross profit margin of pesticide business of ENN-EC, 2009-2014
Figure 2.2.4-1 Revenue and net profit of Huapont-Nutrichem, 2009-2014
Figure 2.2.4-2 Main business structure of Huapont-Nutrichem by revenue, 2014
Figure 2.2.4-3 Revenue and gross profit margin of pesticide business of Huapont-Nutrichem, 2012-2014
Figure 2.2.5-1 Revenue and net profit of Nantong Jiangshan, 2009-2014
Figure 2.2.5-2 Main business structure of Nantong Jiangshan by revenue, 2014
Figure 2.2.5-3 Revenue and gross profit margin of pesticide business of Nantong Jianshan, 2009-2014
Figure 2.2.6-1 Revenue and net profit of Jiangsu Yangnong, 2009-2014
Figure 2.2.6-2 Main business structure of Jiangsu Yangnong by revenue, 2014
Figure 2.2.7-1 Revenue and net profit of Sanonda, 2009-2014
Figure 2.2.7-2 Main business structure of Sanonda by revenue, 2014
Figure 2.2.8-1 Revenue and net profit of Lianhe Chemical, 2009-2014
Figure 2.2.8-2 Main business structure of Lianhe Chemical by revenue, 2014
Figure 2.2.8-3 Revenue and gross profit margin of pesticide intermediates business of Lianhe Chemical, 2009-2014
Figure 2.2.9-1 Revenue and net profit of Noposion, 2009-2014
Figure 2.2.9-2 Main business structure of Noposion by revenue, 2014
Figure 2.2.9-3 Revenue and gross profit margin of pesticide formulation business of Noposion, 2009-2014
Figure 2.2.10-1 Revenue and net profit of Shandong Shengli, 2009-2014
Figure 2.2.10-2 Main business structure of Shandong Shengli by revenue, 2014
Figure 2.2.10-3 Revenue and gross profit margin of pesticide business of Shandong Shengli, 2010-2014
Figure 2.2.11-1 Revenue and net profit of Jiangsu Huifeng, 2009-2014
Figure 2.2.11-2 Main business structure of Jiangsu Huifeng by revenue, 2014
Figure 2.2.11-3 Revenue and gross profit margin of pesticide business of Jiangsu Huifeng, 2009-2014
Figure 2.2.12-1 Revenue and net profit of Shenghua Biok, 2009-2014
Figure 2.2.12-2 Main business structure of Shenghua Biok by revenue, 2014
Figure 2.2.12-3 Revenue and gross profit margin of pesticide business of Shenghua Biok, 2009-2014
Figure 2.2.13-1 Revenue and net profit of Jiangsu Changqing, 2009-2014
Figure 2.2.13-2 Main business structure of Jiangsu Changqing by revenue, 2014
Figure 2.2.13-3 Revenue and gross profit margin of pesticide business of Jiangsu Changqing, 2009-2014
Figure 2.2.14-1 Revenue and net profit of Lier Chemical, 2009-2014
Figure 2.2.14-2 Main business structure of Lier Chemical by revenue, 2014
Figure 2.2.14-3 Revenue and gross profit margin of pesticide formulation business of Lier Chemical, 2009-2014
Figure 2.2.15-1 Revenue and net profit of Jiangsu Lanfeng, 2009 -2014
Figure 2.2.15-2 Main business structure of Jiangsu Lanfeng by revenue, 2014
Figure 2.2.15-3 Revenue and gross profit margin of pesticide business of Jiangsu Lanfeng, 2010-2014
Figure 2.2.16-1 Revenue and net profit of CEFC International, 2009-2014
Figure 2.2.16-2 Main business structure of CEFC International by revenue, 2014
Figure 2.2.16-3 Revenue and gross profit margin of pesticide business of CEFC International, 2009-2014
Figure 2.2.17-1 Revenue and net profit of Hefei Fengle, 2009-2014
Figure 2.2.17-2 Main business structure of Hefei Fengle by revenue, 2014
Figure 2.2.17-3 Revenue and gross profit margin of pesticide business of Hefei Fengle, million USD, 2009-2014
Figure 2.2.18-1 Revenue and net profit of Hunan Haili, 2009-2014
Figure 2.2.18-2 Main business structure of Hunan Haili by revenue, 2014
Figure 2.2.18-3 Revenue and gross profit margin of pesticide business of Hunan Haili, 2009-2014
Figure 2.2.19-1 Revenue and net profit of Qianjiang Biochemical, 2009-2014
Figure 2.2.19-2 Main business structure of Qianjiang Biochemical by revenue, 2014
Figure 2.2.19-3 Revenue and gross profit margin of pesticide business of Qianjiang Biochemical, 2009-2014
Figure 2.2.20-1 Revenue and net profit of ABA Chemicals, 2009-2014
Figure 2.2.20-2 Main business structure of ABA Chemicals by revenue, 2014
Figure 2.2.20-3 Revenue and gross profit margin of pesticide intermediate business of ABA Chemicals, 2009-2014
Figure 2.2.21-1 Revenue and net profit of Zibo Wanchang, 2010-2014
Figure 2.2.21-2 Main business structure of Zibo Wanchang by revenue, 2014
Figure 2.2.21-3 Revenue and gross profit margin of pesticide intermediates business of Zibo Wanchang, 2010-2014
Figure 2.2.22-1 Revenue and net profit of Sinochem International, 2010-2014
Figure 2.2.22-2 Main business structure of Sinochem International by revenue, 2014
Figure 2.2.1-1 Revenue and net profit of Zhejiang Wynca, 2010-2014
Figure 2.2.1-2 Revenue and gross profit margin of pesticide business of Zhejiang Wynca, 2010-2014
Figure 2.2.2-1 Revenue and net profit of Nanjing Redsun, 2009-2014
Figure 2.2.2-2 Main business structure of Nanjing Redsun by revenue, 2014
Figure 2.2.2-3 Revenue and gross profit margin of pesticide business of Nanjing Redsun, 2009-2014
Figure 2.2.3-1 Revenue and net profit of ENN-EC, 2009-2014
Figure 2.2.3-2 Main business structure of ENN-EC by revenue, 2014
Figure 2.2.3-3 Revenue and gross profit margin of pesticide business of ENN-EC, 2009-2014
Figure 2.2.4-1 Revenue and net profit of Huapont-Nutrichem, 2009-2014
Figure 2.2.4-2 Main business structure of Huapont-Nutrichem by revenue, 2014
Figure 2.2.4-3 Revenue and gross profit margin of pesticide business of Huapont-Nutrichem, 2012-2014
Figure 2.2.5-1 Revenue and net profit of Nantong Jiangshan, 2009-2014
Figure 2.2.5-2 Main business structure of Nantong Jiangshan by revenue, 2014
Figure 2.2.5-3 Revenue and gross profit margin of pesticide business of Nantong Jianshan, 2009-2014
Figure 2.2.6-1 Revenue and net profit of Jiangsu Yangnong, 2009-2014
Figure 2.2.6-2 Main business structure of Jiangsu Yangnong by revenue, 2014
Figure 2.2.7-1 Revenue and net profit of Sanonda, 2009-2014
Figure 2.2.7-2 Main business structure of Sanonda by revenue, 2014
Figure 2.2.8-1 Revenue and net profit of Lianhe Chemical, 2009-2014
Figure 2.2.8-2 Main business structure of Lianhe Chemical by revenue, 2014
Figure 2.2.8-3 Revenue and gross profit margin of pesticide intermediates business of Lianhe Chemical, 2009-2014
Figure 2.2.9-1 Revenue and net profit of Noposion, 2009-2014
Figure 2.2.9-2 Main business structure of Noposion by revenue, 2014
Figure 2.2.9-3 Revenue and gross profit margin of pesticide formulation business of Noposion, 2009-2014
Figure 2.2.10-1 Revenue and net profit of Shandong Shengli, 2009-2014
Figure 2.2.10-2 Main business structure of Shandong Shengli by revenue, 2014
Figure 2.2.10-3 Revenue and gross profit margin of pesticide business of Shandong Shengli, 2010-2014
Figure 2.2.11-1 Revenue and net profit of Jiangsu Huifeng, 2009-2014
Figure 2.2.11-2 Main business structure of Jiangsu Huifeng by revenue, 2014
Figure 2.2.11-3 Revenue and gross profit margin of pesticide business of Jiangsu Huifeng, 2009-2014
Figure 2.2.12-1 Revenue and net profit of Shenghua Biok, 2009-2014
Figure 2.2.12-2 Main business structure of Shenghua Biok by revenue, 2014
Figure 2.2.12-3 Revenue and gross profit margin of pesticide business of Shenghua Biok, 2009-2014
Figure 2.2.13-1 Revenue and net profit of Jiangsu Changqing, 2009-2014
Figure 2.2.13-2 Main business structure of Jiangsu Changqing by revenue, 2014
Figure 2.2.13-3 Revenue and gross profit margin of pesticide business of Jiangsu Changqing, 2009-2014
Figure 2.2.14-1 Revenue and net profit of Lier Chemical, 2009-2014
Figure 2.2.14-2 Main business structure of Lier Chemical by revenue, 2014
Figure 2.2.14-3 Revenue and gross profit margin of pesticide formulation business of Lier Chemical, 2009-2014
Figure 2.2.15-1 Revenue and net profit of Jiangsu Lanfeng, 2009 -2014
Figure 2.2.15-2 Main business structure of Jiangsu Lanfeng by revenue, 2014
Figure 2.2.15-3 Revenue and gross profit margin of pesticide business of Jiangsu Lanfeng, 2010-2014
Figure 2.2.16-1 Revenue and net profit of CEFC International, 2009-2014
Figure 2.2.16-2 Main business structure of CEFC International by revenue, 2014
Figure 2.2.16-3 Revenue and gross profit margin of pesticide business of CEFC International, 2009-2014
Figure 2.2.17-1 Revenue and net profit of Hefei Fengle, 2009-2014
Figure 2.2.17-2 Main business structure of Hefei Fengle by revenue, 2014
Figure 2.2.17-3 Revenue and gross profit margin of pesticide business of Hefei Fengle, million USD, 2009-2014
Figure 2.2.18-1 Revenue and net profit of Hunan Haili, 2009-2014
Figure 2.2.18-2 Main business structure of Hunan Haili by revenue, 2014
Figure 2.2.18-3 Revenue and gross profit margin of pesticide business of Hunan Haili, 2009-2014
Figure 2.2.19-1 Revenue and net profit of Qianjiang Biochemical, 2009-2014
Figure 2.2.19-2 Main business structure of Qianjiang Biochemical by revenue, 2014
Figure 2.2.19-3 Revenue and gross profit margin of pesticide business of Qianjiang Biochemical, 2009-2014
Figure 2.2.20-1 Revenue and net profit of ABA Chemicals, 2009-2014
Figure 2.2.20-2 Main business structure of ABA Chemicals by revenue, 2014
Figure 2.2.20-3 Revenue and gross profit margin of pesticide intermediate business of ABA Chemicals, 2009-2014
Figure 2.2.21-1 Revenue and net profit of Zibo Wanchang, 2010-2014
Figure 2.2.21-2 Main business structure of Zibo Wanchang by revenue, 2014
Figure 2.2.21-3 Revenue and gross profit margin of pesticide intermediates business of Zibo Wanchang, 2010-2014
Figure 2.2.22-1 Revenue and net profit of Sinochem International, 2010-2014
Figure 2.2.22-2 Main business structure of Sinochem International by revenue, 2014
