OREANDA-NEWS. September 16, 2013. China BlueChem announces its interim results for the six months ended 30 June 2013. During the reporting period, its revenue was RMB 5,222.0 million, an increase of RMB 220.7 million, or 4.4%, from RMB 5,001.3 million in the same period of 2012. The gross profit of the company amounted to RMB 1,551.4 million.

During the reporting period, increasingly fierce competition in the domestic and international markets of chemical fertilizers put pressure on the sales of chemical fertilizer products. Responding to the challenge, the company has adjusted its sales strategies in due course, strengthened the trend-tracking and research work on the domestic market of chemical fertilizers, explored new sales channels while solidifying existing sales network, and further implemented incentive measures for distributors to ensure the sales of its chemical fertilizer products.

Looking forward to the second half of 2013, a depressed international price of chemical fertilizer, the start of the low season for the use of chemical fertilizer and the expansion of production capacity of chemical fertilizer will intensify the competition in the domestic chemical fertilizer market, but domestic policies on the stockpiling of chemical fertilizer in the low season and the production cost of chemical fertilizer will bolster the domestic market price of chemical fertilizer.