In the first half of 2015, the operating revenue of Hubei Sanonda Co., Ltd. realized was RMB1.235 billion, down 27.35% year on year; the foreign exchange through exports was USD112 million, down 35.97% year on year; the total profit was RMB160 million, down 59.17%. The main reasons were because the agrochemical market remained depressed during the report period, the demand for the company’s major products was slack, the competition was exceptionally fierce, the overall load of production equipment was low and both sales revenue and gross profit margin dropped significantly year on year.
| This report period | Same period last year | Decrease or increase | |
| Operating revenue (yuan) | 1,235,251.682.81 | 1,700,281,424.68 | -27.35% |
| Net profit attributable to listed company shareholders (yuan) | 117,678,175.59 | 288,406,597.13 | -59.20% |
| Net profit after deducting non-recurring profit and loss attributable to listed company shareholders (yuan) | 115,491,779.81 | 287,537,764.46 | -59.83% |
| Net cash flow from operating activities (yuan) | -19,276,749.38 | 374,110,765.75 | -105.15% |
| Basic earnings per share (yuan per share) | 0.1981 | 0.4856 | -59.21% |
| Diluted earnings per share (yuan per share) | 0.1981 | 0.4856 | -59.21% |
| Return on equity, weighted average | 5.74% | 17.15% | -11.41% |
| By the end of the report period | By the end of last year | Decrease or increase | |
| Total assets (yuan) | 3,232,902,083.48 | 2,934,299,657.47 | 10.18% |
| Net assets attributable to listed company shareholders (yuan) | 2,071,115,738.60 | 2,007,631.150.60 | 3.16% |
In the first half of 2015, the demand of the agrochemical industry was weak, the market remained depressed, while the total domestic output of chemical pesticides increased slightly, so the agrochemical market had severely excessive supply and the competition intensified. The market prices of major agrochemical products continued to fall, which had a big impact on the company’s production and operation.
