Wynca’s pesticide sales up 7% in 2014

摘要

Chinese company Zhejiang Wynca Chemical recorded a 7.1% rise in agrochemical sales of Yuan 3,805 million ($613 million at the current rate) in 2014. Costs for the agrochemical division were up 27.7%, and consequently the gross profit margin for pesticide products dropped by almost 50 percentage points. Agrochemicals accounted for over half (51%) of the company’s total sales, down three percentage points from the previous year. Total sales outperformed the agrochemical business, with overall revenues up some 14% yearon-year. Wynca’s second major business area is organosilicone products. The company’s net profit slid 88.6% to Yuan 49.7 million ($8 million) in 2014.