China agrochemical industry weekly(0811)

Guoguang's net profit increased, profit margin expanded, and channel customers exceeded 5,500

On August 7, Guoguang Shares (002749) released the 2023 interim report, during the period from January to June 2023, the company achieved operating income of 954 million yuan, an increase of 8.94%; Net profit of 169 million yuan, an increase of 20.11%

The project of fine chemicals with 4000 t/a Tebuconazole and Diflufenican is to be built

On August 4, the secondary environmental impact assessment of the fine chemicals project with an annual output of 4,000 tons of pesticides and pharmaceutical intermediates of Fuxin Tianli was publicized on relevant websites. The project covers an area of about 121 acres, and the construction area is 23,316 square meters.

The project of fine chemicals with 4000 t/a Tebuconazole and Diflufenican is to be built

On August 4, the secondary environmental impact assessment of the fine chemicals project with an annual output of 4,000 tons of pesticides and pharmaceutical intermediates of Fuxin Tianli was publicized on relevant websites. The project covers an area of about 121 acres, and the construction area is 23,316 square meters.

Borui Tiansheng's pesticide project was officially filed, focusing on the layout of more than 10 kinds of pesticides and intermediates

Recently, the registration certificate announcement of the pesticide and intermediate production project of Borui Tiansheng (Xinjiang) was publicized on the relevant website.

 Corteva launches a new Beauveria biological insecticides in Brazil

Corteva’s new microbial-derived insecticide, Tezpetix Beauve, was recently unveiled at the Latin American Congress on BioControl (Siconbiol 2023) in Brazil. This product contains a unique strain of Beauveria BB 15.

Flagchem: Topramezone project’s trial production is imminent

Recently, Anhui Ningyitai, a holding subsidiary of Flagchem, is about to complete the installation of new capacity equipment for Topramezone, which is expected to be put into trial production in October. This marks the substantial progress of a series of pesticide construction projects of Flagchem.

Bayer's financial report for the second quarter of 2023 showed that the non-Glyphosate agricultural business was flat year-on-year

On August 8, Bayer announced details of its operating results for the second quarter of 2023. Group sales fell 8.2% to 11.044 billion euros in the second quarter. Of this, exchange rate movements had a negative impact of €553 million.

Adama's first global biocide, ACTAVAN®, is registered in Peru

Adama announced the registration of ACTAVAN®, a global biocide, in Peru. ACTAVAN® is the first biocide developed by Adama in collaboration with Waikaitu Limited in New Zealand for the global market.

2000 t/a pesticide project changed, involving a number of products such as Flonicamid, Lufenuron and Hexaflumuron

 Recently, about Lanzhou Yinxue’s 2000 t/a pesticide, technical intermediates project change in the relevant website for environmental assessment publicity.

HDF sprints the IPO of the North Stock Exchange into the stage of guidance and acceptance

Recently, the HDF coaching status has been updated to coaching acceptance. According to the Motion on the Company's Application for Public Offering of Shares to Non-specified Qualified Investors and Listing on the Beijing Stock Exchange reviewed and approved by the Board of Directors of HDF, HDF intends to issue no more than 25.53 million shares to non-specified qualified investors (the number of shares issued will not exceed 29.36 million shares if the over-allotment option is fully exercised).

RedSun: The first 2000 t/a of Chlorantraniliprole has been successfully produced

 On August 8, RedSun responded to investor concerns on the investor relations platform, saying that the company's first annual output of 2000 tons of Chlorantraniliprole has achieved smooth production in Chongqing Wanzhou base

Some of BSM's fundraising projects have been delayed; Stable performance and positive net profit growth in the first half of the year

 On August 11, BSM announced that the company held a meeting of the Board of directors to review and pass the "Proposal on the extension of some of the Company's offering and investment projects", which will issue shares to specific objects, that is, the "annual production of 8,500 tons of Pentanone series green new materials project" to reach the scheduled usable state date from the original plan of June 2023 to October 2023.