China丨BSM Chemical H1 report: operating revenue up 34.9% yoy

Shaoxing BSM Chemical disclosed the semi annual report of 2022 recently.

In the H1 2022,the company’s operating revenue is 372 million yuan, a year-on-year increase of 34.90%. The net profit attributable to the shareholders is 74.746 million yuan,with a yoy increase of 99.71%.

BSM is a leading enterprise in the subdivision of pendimethalin, the only one pesticideenterprise in China with the production and R & D capacity of the whole industrial chain of pendimethalin, and has the ability to become aqualified strategic supplier of multinational pesticide enterprises.

The products exported by BSM are mainly 4-nitrate and other pesticide pharmaceutical intermediates, pendimethalin technical and formulation.The countries and regions exported include Europe, America, Pakistan, India and Australia. In the first half of the year, the company's overall production and sales situation was good, with sufficient orders, and its business performance was greatly improved. At the same time, it established a stable customer base,and continued to develop new high-quality customers such as BASF, the leadinginternational agrochemical enterprise. The cooperation between the company andBASF was further deepened.

Since its establishment, BSM has paid attention to its own technology researchand development and investment, and constantly strengthened its technology and product reserves. BSM has established a "production, learning and research" cooperation mode based on independent research and developmentof enterprises, supported by cooperative research of colleges and universities,and supplemented by cooperative development with professional institutions orenterprises. It has successively established cooperative relations with Zhejiang University, Zhejiang University of technology, Chongqing Universityand Shenzhen Noposion agrochemical Co., Ltd. Bythe end of June, the company and its subsidiaries had 47 authorized patents,including 17 invention patents and 30 utility model patents.

During the reporting period, BSM successfully completed the project of issuing shares to specific objects, with a financing amount of nearly 400 million yuan,which will be used to promote the construction of the "8500 tons of pentanone series green new material project".