China丨Rainbow’s 10 technical manufacturing projects being promoted in an orderly manner

Rainbow Agro released the half year report of 2022 last month. In the first half year, the company realized an operating income of 7.779 billion yuan, a year-on-year increase of 93.78%. The net profit attributable to the shareholders of the listed company was 888 million yuan, a year-on-year increase of 223.04%. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 893 million yuan, a year-on-year increase of 235.41%.

Rainbow chemical CO., LTD. is committed to becoming a "global leading crop protection company", and has built a complete industrial chain covering the R & D and manufacturing of technical and formulation, as well as the brand, channel, sales and service across the global market.

Their main products are herbicide, insecticide, fungicide,plant growth regulators and seed treatment, a comprehensive and rich product portfolio of five categories. During the reporting period, the company's herbicide products realized an operating income of 6.76 billion yuan, a year-on-year increase of 109.77%. The gross profit rate reached 20.87%, with a year-on-year increase of 5.53%.

As a multinational crop protection company born in China, Rainbow is actively promoting the "globalization of Chinese brands" strategy. Rainbow has a global footprint with four manufacturing bases in China and Argentina. It has more than 60 subsidiaries outside of China, operating in more than 80 countries and regions around the world, and is actively and continuously further improving its global marketing network. Rainbow has been ranked first in the "Top 20 pesticide exporters in China" for six consecutive years.

With the increasing improvement of the global marketing network, Rainbow’s global registration layout is rapidly increasing. The company's global registration team members and registration investment continue to expand to form a rich and complete product portfolio to fully meet the needs of various markets. As of August 18, 2022, the company has a total of 267 domestic registrations in China and 4,459 overseas registrations, including new first-time licenses in Egypt, Serbia, Côte d'Ivoire, Tanzania, Armenia and Uzbekistan.

At the R & D innovation end, Rainbow will mainly focus on screening and determining products that are important to the development of many markets in the world, with large orders of magnitude and large space for technological improvement and transformation from the active ingredients that have newly expired the patent period. The active components that are important for the market expansion of Rainbow chemical CO., LTD. will be selected among those that have expired patents and have high market potential.

In 2022, currently there are 7 important active ingredients expired the patent period and 3 important active ingredients to be expired the patent period in the technical R & D pipeline, being orderly pushed forward by different project teams according to the annual plan.

At present, 1 technical product is the first domestically-initiated whole-process continuous green process that has been put into production; 1 technical product full-process continuous project has completed the detailed design and is being implemented, and is expected to be put into production in early 2023;2 technical products full-process continuity projects are undergoing key equipment development, and are expected to be completed in the second half of 2022, and will be ready for implementation in 2023; 2 technical products are expected to be developed in the second half of 2023 and ready for implementation in 2024; 1 technical product is expected to be developed in the second half of 2024, and will be ready for implementation in 2025.

With the successful implementation and stable operation of each project in the medium-term strategic plan, it will further strengthen Rainbow’s complete industrial chain and strongly support the company's global market expansion.