Nutrichem Biotech’s Net Profit Decline by 36.48%

According to Nutrichem Biotech’s 2019 annual report, the company the company achieved revenue of RMB5.295 billion (USD 756 million) , down 15.04% year on year. The net profit attributable to shareholders of listed companies reached RMB 282 million (USD 40.28million ), down 36.48%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is RMB269 million(USD 38.42 million), down 37.73% year on year.
Nutrichem is an R&D-centric company based in China which specializes in the development of crop protection products
Affected by many adverse foctors such as explosion accident in Xiangshui,Jiangsu, stricter policy of environment, supply-side reforms deepened and tight supply of raw materials, the company’s net profit in 2019 declined.

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