Share This

Public company info - China BlueChemical Ltd. - H Shares , 03983.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China BlueChemical Ltd. - H Shares, 03983.HK - Company Profile
Chairman Wang Weimin
Share Issued (share) 1,771,000,000
Par Currency Renminbi
Par Value 1.0
Industry Fertilisers & Agricultural Chemicals
Corporate Profile Business Summary: The Group is principally engaged in the manufacture and sale of urea, methanol, phosphorus fertilisers which include mono-ammonium phosphate (“MAP”) and di-ammonium phosphate (“DAP”), compound fertilisers and polyformaldehyde (“POM”). Performance for the year: Revenue amounted to RMB10,858 million. Gross profit amounted to RMB1,921 million. Profit attributable to owners of the Company amounted to RMB703 million. Basic earnings per share amounted to RMB0.15. Business Review Production Management In 2019, the Company continued to strengthen the management of production and operation. CNOOC Fudao has successfully completed its first simultaneous scheduled overhaul of four plants; 6 plants of CNOOC Fudao and CNOOC Tianye kept long-term running for over 150 days; the sulfuric acid plant of DYK Chemical and the fertiliser plant of CNOOC Huahe have marked a new record high of their longest operation cycle. At the same time, the Company has successfully restarted the production of line C in its POM plant. Benefited from stable production and non-stop operations of facility after CNOOC Tianye has successful realized the swap of gases for winter. In 2019, annual output of the Company for urea was 2.560 million tonnes, representing an increase of 191 thousand tonnes compared to that of 2018, hitting a historical high. Output of phosphate fertilisers and compound fertilisers was 869 thousand tonnes, among which the output of compound fertilisers hit a record high, reaching 252 thousand tonnes. Output of methanol was 1.562 million tonnes, representing an increase of 39 thousand tonnes compared to that of 2018. Output of POM was 29 thousand tonnes. Sales Management Facing the unfavorable market situation of declining prices of fertilisers and chemical products, the Company has fully exploited the overall planning strengths of its products and kept enhancing the cohesion between each other. The Company has also closely monitored the market trends and made timely adjustments to sales strategies. It has adopted a precise pricing system to achieve better selling prices. Guided by market demand, new value-added products were developed to expand the compound fertiliser market. In 2019, among the sales of the Group’s own products, the Company sold 2.601 million tonnes of urea, representing an increase of 11.8% compared to the same period last year, which hit a historical high for the same period; 1.529 million tonnes of methanol was sold, representing an increase of 5.4% compared to the same period last year; 876 thousand tonnes of phosphate fertilisers and compound fertilisers were sold, among which the sale volumes of compound fertilisers reached 252 thousand tonnes, demonstrating a record high for the same period; 29 thousand tonnes of POM was sold. The total annual export volumes of urea and DAP were 409 thousand tonnes and 18 thousand tonnes, respectively. Prospects: The Group’s Key Tasks in 2020 1. To persistently strengthen and enhance HSE and refined production management, in an effort to achieve safe and stable operation of each production unit; 2. To further implement cost-reduction, quality-improvement and efficiencyenhancement, and carry on various measures to lower the purchasing cost for raw materials and strictly control on the expenses; 3. To actively respond to the impact and uncertainty of the COVID-19 epidemic; 4. To continue to optimise the product structure and devote further efforts on research and development of new products in order to boost up the production and sales proportions of NPK and value-added fertilisers; 5. To continue to thoroughly reform the marketing system and promote the construction of e-commerce platform; 6. To seize the opportunity arising from the construction of Hainan Free Trade Port and promote the development of petrochemical wharf project; and 7. To devote more efforts on the research for the Company’s development opportunities and promote the research progress of projects.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.