Anhui CEFC had satisfactory performance in
2014, achieving significant YoY growth of 37% and 275.43% in total revenue and
operating profit, respectively.
On 10 March, 2015, Anhui CEFC International Holding Co., Ltd. (Anhui CEFC)
issued annual report of 2014. The report showed that its business performance
had a sharp growth in 2014. In detail, the total revenue was USD881.27 million
(RMB5.42 billion), up by 37% over the same period in 2013. The operating
profit, total profit and net profit amounted to USD20.22 million (RMB124.28
million), USD20.61 million (RMB126.70 million) and USD17.35 million (RMB106.69
million), increasing by 275.43%, 210.16% and 142.28% year on year respectively.
The key drive behind its total revenue’s growth was that continual exploitation
of domestic and international markets and a soar in the trade volume of
agricultural supplies from its wholly-owned subsidiary Anhui Linearfull Modern
Agriculture Co., Ltd., whose revenue and net profit reached USD715.89 million
(RMB4.40 billion) and USD8.65 million (RMB53.20 million) for the whole year of
2014, separately.
In addition, Anhui CEFC enjoyed a year-on-year increase of operating profit and
total profit in 2014, which was attributed to the following reasons:
On one hand, the performance growth of Anhui Linearfull Modern Agriculture Co.,
Ltd. together with a substantial increase in gain on investment from its
shareholder, Shanghai Shounong Investment Holdings Limited, leading to an
incremental profit in Anhui CEFC.
On the other hand, the rising price of monosultap and cartap, the company’s
leading products, drove up the products’ gross profit margin.
Main financial data of Anhui CEFC, 2014
|
Item
|
2014, million USD
|
YoY change
|
|
Revenue
|
881.27
|
37%
|
|
Net profit attributable to shareholders
of the company
|
17.35
|
142.28%
|
|
Operating profit
|
20.22
|
275.43%
|
|
Total profit
|
20.61
|
210.16%
|
|
Item
|
As at 31 Dec. 2014, million USD
|
YoY change
|
|
Total assets
|
493.97
|
1.22%
|
|
Net assets attributable to shareholders
of the company
|
439.01
|
3.61%
|
Source: Anhui CEFC International Holding
Co., Ltd.
Anhui CEFC revealed that pesticide business was the revenue pillar for the
company in 2014, of this, insecticides and herbicides were the key divers. The
company is one of the largest manufacturers and exporters of monosultap and
bisultap in China. Besides, it boasts widespread sales channels and national
e-commerce platform, and its pesticides are exported to over 20 countries and
regions like America, Southeast Asia, and Africa.
In 2014, the company carried out 12 pesticide formulations researches, 3 of
which were put into production. Pesticide business is still the focus of Anhui
CEFC in 2015, accordingly, the company will put considerable investment in
environmental protection and R&D and adjust pesticide products structure.
However, it's estimated by Anhui CEFC that its pesticide business still faces
threats: price fluctuations in pesticides and raw materials, environmental cost
and other competitive pesticide enterprises.
Revenue and gross profit margin of main
businesses in Anhui CEFC, 2014
|
Item
|
Revenue, million USD
|
YoY change
|
Gross profit margin
|
YoY change, percentage point
|
|
By industry
|
|
Pesticides
|
148.27
|
18.30%
|
14.86%
|
-2.56
|
|
By product
|
|
Insecticide
|
57.98
|
0.25%
|
23.96%
|
6.71
|
|
Herbicide
|
80.44
|
30.68%
|
7%
|
-10.38
|
|
Fungicide
|
9.85
|
65.65%
|
25.52%
|
6.09
|
Source: Anhui CEFC International Holding
Co., Ltd.
Performance of Anhui CEFC, 2011-2014
|
Year
|
Revenue, million USD
|
Gross profit margin
|
|
2011
|
136.87
|
5.86%
|
|
2012
|
142.35
|
14.62%
|
|
2013
|
125.34
|
17.42%
|
|
2014
|
148.27
|
14.86%
|
Source: Anhui CEFC International Holding
Co., Ltd.
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Tag: Anhui CEFC