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| Huapont-Nutrichem's pesticide business performs well in H1 2013By: CCM Information Science & Technology Co., Ltd. As disclosed in Huapont-Nutrichem's 2013 semi-annual report, the company's revenue of pesticide products reached approximately USD270.60 million, with a year-on-year increase of 20.60%, accounting for 77.10% of the total revenue. Notably, the pesticide business has become the largest business of Huapont-Nutrichem at present. Besides, the gross profit margin of the company's pesticide products was 16.19%, up 23.19% year on year, which also made a significant contribution to the company's net profit in H1 2013. The year-on-year growth rate of the gross profit margin of the company's pesticide products took the first place of all its major businesses. It is worth noting that, as main products of the company's pesticide business, herbicides have contributed a lot for the good performance of Huapont-Nutrichem in H1 2013. Specifically, the revenue of metamitron products sharply increased by 90.82% year on year to USD33.33 million, accounting for 12.32% of the total revenue of the company's pesticide business in H1 2013, with a relatively high gross profit margin of 32.24%. Also, the revenue of 2,4-D witnessed a year-on-year growth rate of 57.39% during the period, reaching USD10.00 million. On the whole, in H1 2013, Huapont-Nutrichem's total revenue reached about USD350.99 million, increasing by 19.63% compared with that in the same period of last year. Its net profit was USD25.95 million, with a sharp year-on-year decline of 30.27%. The decline was mainly attributed to the non-recurring items. The net profit excluding the non-recurring gains or losses should be USD27.64 million, with a year-on-year increase of 11.42%. In H1 2012, the company earned a profit of USD15.36 million (RMB94.80 million) from the company's investment on the shares of Western Securities, while it got no profit from this investment in H1 2013. Huapont- Table of Contents of Herbicides China News 1309 (http://www.cnchemicals.com/ Huapont-Nutrichem's pesticide business performs well in H1 2013 Lier Chemical's net profit up 54.82% YoY in H1 2013 Noposion to cooperate with Makhteshim Agan Market demand for ametryn sees a growth in China China's 2,4-D esters market may stagnate China's dicamba price maintains an uptrend Gross margin of pesticide intermediates industry slips in H1 2013 Ex-works prices of amide herbicides maintain stable in Jan.-Aug. 2013 Export price of China's paraquat continues to increase in Jan.-May 2013 China's fomesafen exports soars in H1 2013 Registrations of clodinafop-propargyl soar in Jan.-Aug.2013 Herbicides China News, a monthly publication issued by CCM on 15th, provides you with the latest occurrences, exclusive analysis on the market trend as well as professional reviews on competitiveness of companies, products and relative industries in China’s herbicide industry. About CCM CCM is dedicated to market research inChina, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. For more information, please visit http://www.cnchemicals.com. Guangzhou CCM Information Science & Technology Co., Ltd. 17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China Tel: 86-20-37616606 Email: econtact@cnchemicals.com End
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