In 2011, the Shanghai-Shenzhen Listed Company's annual report was announced on April 28. The 24 chemical fertilizer listed companies realized a total net profit of 7.299 billion yuan, a substantial increase of 90.92% over 2010, and achieved two consecutive years of growth since 2009. In 2011, the arithmetic average profit per share of listed fertilizer companies was 0.4809 yuan, an increase of 24.73% over 2010.
Of the 24 chemical fertilizer listed companies, a total of 22 were profitable, and 10 companies such as Sichuan Meifeng and Six Nations Chemicals had a significant increase in performance of more than 50%, with only two losses. The most profitable is Qinghai Salt Lake Potash with net profit of 2.481 billion yuan and earnings per share of 1.79 yuan. No matter if it is total net profit or earnings per share, it ranks first. The second-best profit was Hubei Yihua, with net profit of 818 million yuan and earnings per share of 1.51 yuan. The two loss-making companies were Chuanhua and Hechi Chemical respectively, of which Chuanhua had a large loss of 207 million yuan and Hechi Chemical had a loss of 19.49 million yuan. Lutianhua and Changjiu Biochemical successfully achieved turnaround.
In 2011, the performance of chemical fertilizer listed companies increased significantly, mainly due to the overall good performance of the fertilizer market, increased demand, and higher prices. According to statistics from the National Bureau of Statistics, the concentration of the chemical fertilizer industry increased significantly in 2011, and the industry’s sales revenue, profit, and profit rate all increased significantly, and the business climate was significantly better than in 2010. In 2011, the main business income of the fertilizer industry was 729.09 billion yuan, an increase of 38.2% year-on-year; the total profit was 44.40 billion yuan, an increase of 74.0% year-on-year; the profit margin was 6.1%, 1.3 percentage points higher than in 2010. The main business income, profit, and profit rate of each sub-sector including nitrogen fertilizer, phosphate fertilizer, potash fertilizer, and compound fertilizer increased at different levels year-on-year.
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