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Profits of fertilizer-related listed companies doubled last year. Author/Source: Sinochem News Network. Date: May 10, 2021. Clicks: 24. The performance reports for listed companies in Shanghai and Shenzhen for 2020 were released on April 30. Overall, the performance of listed companies in the fertilizer sector has seen a significant improvement. The 20 fertilizer-related listed companies achieved a total profit of 7.845 billion yuan in 2020, a significant increase of 118.85% compared to the previous year; the average earnings per share were 0.198 yuan, up 129.84% from the previous year. At the same time, the number of loss-making companies dropped significantly. In 2020, only two companies, Shuanghuan Technology and Jindong Agro, incurred losses, with a loss rate of 10%; whereas in 2019, there were 5 companies that suffered losses, with a loss rate of 25%. Looking at specific sub-sectors, the 9 listed companies in the nitrogen fertilizer sector achieved a total profit of 3.129 billion yuan in 2020, an increase of 17.17% compared to the previous year. Among them, Hualu Hengsheng achieved the highest profits, with earnings of 1.8 billion yuan last year; the gross profit margin for its fertilizer products was 26.7%. Luxi Chemical had earnings of 820 million yuan last year, placing it in second place; Lutianhua’s earnings amounted to 380 million yuan last year, putting it in third place. The 3 listed phosphatic fertilizer companies achieved a total profit of 670 million yuan, an increase of 1,130.98% compared with the previous year. Among them, Yuntianhua’s net profit attributable to the shareholders of the listed company last year was 274 million yuan, an increase of 80.55% compared with the previous year. Liu Guo Chemical achieved revenue of 4.823 billion yuan last year, a 10.78% increase compared to the previous year ； The net profit was 168 million yuan, while the net profit after deducting non-recurring items was 118 million yuan, marking a turnaround from losses to profits. The two listed companies in the potash fertilizer sector achieved a total profit of around 2.27 billion yuan, an increase of 104.99% compared with the previous year. Among them, Yanhu Co., Ltd. achieved revenue of 14.016 billion yuan last year ； The net profit attributable to the shareholders of the listed company turned from a loss to a profit, amounting to 2.04 billion yuan. During the reporting period, the company sold 6.449 million tons of potassium fertilizer products, a year-on-year increase of 42%. Zangge Holdings reported a profit of 230 million yuan in 2020, a decrease of 36.3% compared to the previous year. During the reporting period, the company produced 1.1151 million tons of potash fertilizer, an increase of 2.97% compared with the previous year. The 6 listed companies in the compound fertilizer sector achieved a total profit of 1.777 billion yuan, an increase of 51.47% compared with the previous year. The top 4 companies in terms of profits were Xinyangfeng, Yuntu Holdings, Sier Te, and Stanley, which reported profits of 950 million yuan, 500 million yuan, 295 million yuan, and 288 million yuan respectively last year.