Through 2017 fertilizer listed companies reported, the first half of this year's performance is relatively excellent. 23 fertilizer listed companies realized a total profit of 2 billion 229 million yuan, an increase of 272.9% over the same period.
Especially in the nitrogenous fertilizer industry, the loss of 13 listed companies reached 649 million yuan in the first half of last year, making profits of 1 billion 215 million yuan this year, turning losses into profits. Phosphate fertilizer industry in the first half of this year has not yet out of a loss, but compared to previous years, the amount of losses has also decreased substantially. Potash industry run flat, such as Saline Lake shares lost 265 million yuan in the first half of this year, net profit fell 180.35%. Although compound fertilizer is still the best profitable industry in the fertilizer sector, the performance of listed companies has declined this year, for example, STANLEY's first half profit fell by 45.98% in the first half of this year. The profit decline of compound fertilizer industry is mainly caused by the extrusion of basic fertilizer. Moreover, new fertilizers have developed rapidly in recent years, and they have also eroded the profit space of compound fertilizer.
Before chemical fertilizers as agricultural production data, are regarded as a special commodity price, enjoy preferential tariff, VAT exempt swimming policies granted by the state, but with the rapid development of the industry overcapacity, apparent drawbacks, in recent years before the benefits are cancelled, fertilizer products increased operating costs. In this year's state environmental protection inspection team and security group continued pressure, the business form is more serious, the latter will be in a stage of the reform, but also with the capacity to accelerate, the fertilizer industry gradually bottomed out, good in business transformation.