Jinzhengda: Sales of fertilizers increase significantly in 2015 performance

Kingenta announced its 2015 annual report.
In 2015, Jinzhengda achieved operating income of 17.
748 billion yuan year-on-year +30.
94%; realized net profit attributable to the parent company of 1.
112 billion yuan year-on-year +28.
35%; weighted average return on equity was 15.
08%.
In terms of per-share indicators, the company achieved EPS 0.
70 yuan per share in 2015.
The net cash flow from operating activities was 1.
44 yuan.
The net assets per share attributable to shareholders of listed companies were 5.
12 yuan.
? The successful commissioning of the water-soluble fertilizer project will become a new profit growth point for the company.
The successful commissioning of Guizhou and Linshu water-soluble fertilizer projects with an annual output of 200,000 tons and 100,000 tons has established the company's leading position in the water-soluble fertilizer industry.
In 2015, the company's water-soluble fertilizer achieved revenue of 682 million yuan, a year-on-year increase of 405.
54%, and gross profit margin was as high as 38.
05%, contributing to the company's gross profit of 260 million yuan, a year-on-year increase of 584.
24%.
In the future, with the further expansion of the company's new fertilizer production capacity, the company's profitability will be enhanced.
? Acquired slow-release fertilizer assets to open up the European market.
On February 4, 2016, the company announced that the Dutch company established by its wholly-owned subsidiary Hong Kong Kingenta intends to acquire EKOMPANY's assets for 6.
1 million euros.
EKOMPANY has a production line of 40,000 tons/year of coated slow and controlled release fertilizer and a production line of 60,000 tons/year of blended fertilizer.
It is Europe's largest production capacity of coated slow and controlled release fertilizer companies, accounting for 45% of the production capacity of European coated slow and controlled release fertilizer companies.
Through this acquisition, the company not only obtained patents, but also opened up sales channels for core products in the European market, which further improved the company's competitiveness in the international market.
? Capital increase Hong Kong Kingenta actively deploys overseas market mergers and acquisitions.
In January 2016, Kingenta decided to increase the capital of its subsidiary Hong Kong Kingenta by US$70 million and its total investment was increased to US$80 million.
On the one hand, the company will strengthen its international business expansion efforts to consolidate and enhance the visibility of the company's products in overseas regional markets; On the other hand, the company will use its Hong Kong subsidiary as an overseas platform to deploy overseas market mergers and acquisitions and actively implement the acquisition and holding of advantageous companies in the field of new fertilizers and agricultural services to enrich the company's product line.
? Layout new fertilizer business development.
In recent years, the company has vigorously developed new fertilizers such as water-soluble fertilizers, nitro-compound fertilizers, slow-release fertilizers, etc.
, so as to upgrade the structure of chemical fertilizer products.
The establishment of Hubei Wolfer will further increase the company's new fertilizer production capacity.
In addition, the company may also pay attention to the merger and acquisition opportunities of domestic enterprises to promote the development of the company's new fertilizer business while deploying overseas new fertilizer market mergers and acquisitions.
? E-commerce platforms are developing rapidly.
Kingenta and five institutions jointly invested 1.
2 billion yuan in the "Nongshang No.
1" e-commerce platform to complete the online work.
At the same time, Kingenta signed an agreement with well-known enterprises such as Jingdong Mall to become a strategic partner to jointly commit to the construction and development of modern agriculture in China.