Jiangsu Changqing kept smooth development in the first quarter of 2011.

1. Herbicides China News
Copyright © CCM International Limited

2. Jiangsu Changqing Develops Smoothly
Summary: Jiangsu Changqing kept smooth development in the first quarter of 2011.
Tag: CCM, China, Jiangsu Changqing, development, herbicides, net profit, revenue, clethodim,
production, capacity, fomesafen, nicosulfuron, IPO, diuron, trifluralin, yellow phosphorus
June 22, 2011, CCM - According to CCM’s June Issue of Herbicides China News, it is reported
that with aggressive behavior and effort, in the first quarter of 2011, Jiangsu Changqing
Agrochemical Co., Ltd. (Jiangsu Changqing) still kept smooth development after three
consecutive years of growth in performance (2008-2010). Based on Jiangsu Changqing's
report, its net profit and revenue increased by 13.17% and 25.61% year on year to USD4.58
million and USD35.5 million respectively in the first quarter of 2011. (Please refer to Herbicides
China News 1104 for Jiangsu Changqing's 2010 performance.)
As explained by Jiangsu Changqing, the growth in net profit and revenue in Q1 2011 was mainly
attributed to increasing incomes in sales, stock and subsidy as well as decreasing expense. On
this developing track, it's predicted that the company could witness another growth of 30% year
on year in net profit in H1 2011, according to Jiangsu Changqing's Q1 2011 report.
Especially pointed out by Jiangsu Changqing, the released IPO project of 500t/a clethodim will
become its another profit growth point in 2011. With excellent characteristics of clethodim, such
as high activity and low residual, Jiangsu Changqing believes that clethodim owns large market
potential in domestic market where clethodim competition is not so intense. (Herbicides China
News 1104)
Included in Jiangsu Changqing's IPO projects, this 500t/a clethodim construction was launched
successfully at the beginning of April 2011. According to the former report in Herbicides China
News 1104, Jiangsu Changqing had supplied clethodim products to the market since March 2011.
Being produced into mother liquid or formulation for sale, as introduced by a salesman from
Jiangsu Changqing, clethodim technical (converted to 100% AI) is priced at USD29,000/t at
present.
With company construction pushed forward continuously, Jiangsu Changqing's other IPO projects
such as the herbicide projects for 1,200t/a fomesafen and 300t/a nicosulfuron will be launched
one by one in the coming months. It means that Jiangsu Changqing's product structure and
production capacity will be enhanced further.
Aiming to run production and sales smoothly, Jiangsu Changqing establishes subsidiaries to take
over the corresponding businesses. At present, a new subsidiary named Jiangsu Jinfeng
Agrochemical Technology Co., Ltd. (Jiangsu Jinfeng) has being built after Jiangsu Changqing
Agrochemical Trade Co., Ltd. was set up in Aug. 2010. According to the relative proposal,
Jiangsu Jinfeng will be located as planned in Rudong Yangkou Chemical Industry Park, which is
near Shanghai for convenient transportation.

3. The June Issue of Herbicides China News also indicates that Jiangsu Changqing plans to
establish a group network around the coastal areas, implying that Jiangsu Changqing considers
overseas market as important as domestic one. In fact, Jiangsu Changqing's business distribution
in 2010 achieved an average between domestic and overseas markets, with domestic and
overseas revenue taking up almost 50% of the total respectively. According to the company's
strategy described in its 2010 annual report, Jiangsu Changqing will insists on focusing on
domestic and overseas markets in 2011.
Source: Herbicides China News June 2011
http://www.cnchemicals.com/Newsletter/HerbicidesChinaNews.shtml
Content of Herbicides China News June 2011:
Jiangsu Huifeng encounters sluggish performance in Q1 2011 and 2010
Jiangsu Changqing develops smoothly
Lianhe Technology’s carfentrazone-ethyl runs smoothly
Jiangsu Lanfeng starts diuron construction
Shandong Binnong covets flucarbazone-sodium
Shandong Qiaochang’s 4,000t/a MCPA plant accepted
Atrazine export in 2010
Diflufenican cumbered by price and competition
Drought may boost herbicide next year
Bialaphos meets tiny Chinese herbicide market
Tenglong Biological & Medicinal’s new trifluralin capacity meets trial
Fengshan Group enhances herbicide business
Local anilofos produced on a small scale in China
Jiangsu Flag accomplishes new herbicide expansions
Yellow phosphorus price rockets in China
Herbicides China News, a monthly publication issued by CCM International on 15th of every
month, provides you with the latest occurrences, exclusive analysis on the market trend as well
as professional reviews on competitiveness of companies, products and relative industries in
China’s herbicide industry.
Please visit http://www.cnchemicals.com for more information or contact
econtact@cnchemicals.com

4. Journalist:
Bobby Liu
Editor:
Micheal Li
Editor in Chief:
Ann Liang
Publisher:
Zhonghui Wu
CCM International Limited
17th Floor, Huihua Commercial & Trade Building, No.80 Xianlie Zhong Road
Guangzhou, 510070, P.R.China
Tel: +86-20-37616606
Fax: +86-20-37616968
E-mail: econtact@cnchemicals.com
Website: www.cnchemicals.com