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The plight of the chemical fertilizer industry has forced the industry's production capacity to be shuffled.
A large number of small and medium-sized enterprises have stopped production, which has increased the concentration of the industry, and some listed compound fertilizer companies have grown against the market.
Kingenta (002470) announced a quarterly report on the evening of April 19, and realized operating income of 4.
64 billion yuan and net profit of 405 million yuan from January to March, an increase of 11.
04% and 22.
21% year-on-year respectively.
In addition, Stanley (002588) achieved a net profit of 151 million yuan attributable to shareholders of listed companies in the first quarterly report, an increase of 18.
31% year-on-year.
??? The industry is in trouble??? "Linshu County used to have more than 40 fertilizer companies of various sizes, but now there are only about 10 started.
" In Linshu, Shandong Province, where Jinzhengda and Stanley are located, an industry insider introduced to reporters.
Compared with the 30% annual profit growth rate in the past, the fertilizer industry as a whole is in trouble.
??? Since the second half of 2015, the low prices of coal and oil have led to a sharp drop in the price of fertilizer raw materials and bulk chemicals, which has led to a widening of the price gap between urea and compound fertilizer, and compound fertilizer products are facing downward pressure; mainstream agricultural products (000061, shares) prices have fallen, This has affected the enthusiasm of farmers to invest; since September 1, 2015, the company's performance growth is under pressure in the face of a 13% value-added tax policy imposed by fertilizer sales and import companies.
??? Taking the Northeast as an example, the corn planting period has now come, but the sales staff of chemical fertilizer companies report that many farmers are still waiting and hesitating; the price difference of urea compound fertilizer is 30-40 yuan/bag (50KG) under normal circumstances.
The impact of falling prices was once extended to 60-70 yuan.
"Distributor inventory factors make it impossible to cut prices, but they can only resist for a while," a salesperson said.
??? Concentration will increase??? "Pressure promotes industry transformation and upgrading, and industry concentration will be further improved.
" At the annual shareholders meeting held on the 19th, Chen Hongkun, vice chairman of Jinzhengda, said that the company has a wealth of technical reserves.
, Will integrate upstream industries through technology output, and at the same time strengthen agrochemical services and channel construction downstream to cope with the increasingly fierce competition in the fertilizer industry.
??? According to reports, Kingenta is stepping up the construction of the agrochemical service center in order to increase the stickiness of dealers and end customers.
The company plans to build 300 agrochemical service centers within 2-3 years, and is expected to expand from the current 40 to 100 by August this year.
??? The company expects to achieve a net profit of 775 million yuan attributable to shareholders of listed companies in the first half of the year-8.
3.
9 billion yuan, an increase of 20%-30% year-on-year respectively.
The company stated that it will actively explore the O2O model of agricultural materials based on specialized agricultural services and key regional market construction.
??? Zhang Lei, deputy general manager of Stanley, said that in the first quarter, he made a super-pre-investment in sales investment, and allocated sales resources according to a 20%-30% increase.
In response to the decline in fertilizer prices, the company has adopted a price-insurance policy for distributors.
"In the future, we will pay more attention to the needs of consumers, and use Stanley's agrochemical service e-commerce platform to provide consumers with a full range of services including seeds, fertilizers, agricultural machinery, purchasing, storage and drying, and finance.
" Stanley expects the first half of the year.
Achieved a net profit of 376 million yuan to 409 million yuan, a year-on-year increase of 15%-25%.
As the price of petrochemical raw materials bottoms out, relevant personnel of the company predict that the price difference between urea and compound fertilizer will further narrow, and the pressure on prices of enterprises will be reduced in the later period.
A large number of small and medium-sized enterprises have stopped production, which has increased the concentration of the industry, and some listed compound fertilizer companies have grown against the market.
Kingenta (002470) announced a quarterly report on the evening of April 19, and realized operating income of 4.
64 billion yuan and net profit of 405 million yuan from January to March, an increase of 11.
04% and 22.
21% year-on-year respectively.
In addition, Stanley (002588) achieved a net profit of 151 million yuan attributable to shareholders of listed companies in the first quarterly report, an increase of 18.
31% year-on-year.
??? The industry is in trouble??? "Linshu County used to have more than 40 fertilizer companies of various sizes, but now there are only about 10 started.
" In Linshu, Shandong Province, where Jinzhengda and Stanley are located, an industry insider introduced to reporters.
Compared with the 30% annual profit growth rate in the past, the fertilizer industry as a whole is in trouble.
??? Since the second half of 2015, the low prices of coal and oil have led to a sharp drop in the price of fertilizer raw materials and bulk chemicals, which has led to a widening of the price gap between urea and compound fertilizer, and compound fertilizer products are facing downward pressure; mainstream agricultural products (000061, shares) prices have fallen, This has affected the enthusiasm of farmers to invest; since September 1, 2015, the company's performance growth is under pressure in the face of a 13% value-added tax policy imposed by fertilizer sales and import companies.
??? Taking the Northeast as an example, the corn planting period has now come, but the sales staff of chemical fertilizer companies report that many farmers are still waiting and hesitating; the price difference of urea compound fertilizer is 30-40 yuan/bag (50KG) under normal circumstances.
The impact of falling prices was once extended to 60-70 yuan.
"Distributor inventory factors make it impossible to cut prices, but they can only resist for a while," a salesperson said.
??? Concentration will increase??? "Pressure promotes industry transformation and upgrading, and industry concentration will be further improved.
" At the annual shareholders meeting held on the 19th, Chen Hongkun, vice chairman of Jinzhengda, said that the company has a wealth of technical reserves.
, Will integrate upstream industries through technology output, and at the same time strengthen agrochemical services and channel construction downstream to cope with the increasingly fierce competition in the fertilizer industry.
??? According to reports, Kingenta is stepping up the construction of the agrochemical service center in order to increase the stickiness of dealers and end customers.
The company plans to build 300 agrochemical service centers within 2-3 years, and is expected to expand from the current 40 to 100 by August this year.
??? The company expects to achieve a net profit of 775 million yuan attributable to shareholders of listed companies in the first half of the year-8.
3.
9 billion yuan, an increase of 20%-30% year-on-year respectively.
The company stated that it will actively explore the O2O model of agricultural materials based on specialized agricultural services and key regional market construction.
??? Zhang Lei, deputy general manager of Stanley, said that in the first quarter, he made a super-pre-investment in sales investment, and allocated sales resources according to a 20%-30% increase.
In response to the decline in fertilizer prices, the company has adopted a price-insurance policy for distributors.
"In the future, we will pay more attention to the needs of consumers, and use Stanley's agrochemical service e-commerce platform to provide consumers with a full range of services including seeds, fertilizers, agricultural machinery, purchasing, storage and drying, and finance.
" Stanley expects the first half of the year.
Achieved a net profit of 376 million yuan to 409 million yuan, a year-on-year increase of 15%-25%.
As the price of petrochemical raw materials bottoms out, relevant personnel of the company predict that the price difference between urea and compound fertilizer will further narrow, and the pressure on prices of enterprises will be reduced in the later period.
