Jiangsu Flag Achieved RMB 89 Million of Gross Income

According to the Jiangsu Flag Chemical Industry Co., Ltd., in the first half of 2019, the company achieved RMB 89 million of gross income, an increase of 11.54% compared with last year, and achieved RMB 97.18 million of net profit attributable to shareholders of listed companies, an increase of 21.89% compared with last year. During the reporting period, the company’s gross profit mainly comes from the business of pesticide. The company’s products have strong market competitiveness, strong market demand and year-on-year growth in performance. However, the Jiangsu chemical industry renovation has a greater impact on Flag Chemical’s operating performance of the second quarter.