Sinofert Holdings

Sinofert Holdings is China’s largest fertiliser producer and distributor. Its shareholders are Sinochem Group, with 53 per cent, Potash Corp, with 22 per cent, and the remainder is listed in Hong Kong where its stock code i2 297.

Sinofert expects second-half pickup despite over-capacity concerns

Sinofert posted a 60.8 per cent year-on-year net profit fall to 138 million yuan (HK$173.5 million) for the year’s first six months. Photo: Xinhua

Sinofert, the mainland’s largest fertiliser maker and distributor, says its second-half profitability will likely improve although it saw no quick-fix to chronic industry over-capacity.

Friday, 22 August, 2014, 9:41am

Sinofert forecasts at least 55pc decrease in net profit for first half

A farmer in Hefei, Anhui province. Sinofert's expected profit decrease "is mainly attributable to the impact of the overall operating market environment of the fertiliser industry", the company said. Photo: Reuters

Sinofert, the mainland’s largest fertiliser producer and distributor, expects to post a 55 per cent to 65 per cent year-on-year drop in net profit for the year’s first six months.

5 Aug 2014 - 3:47pm

Sinofert sees potash price fall lifting Chinese demand amid low farmer use

Sinofert said the outlook for the fertiliser sector is clouded by slowing demand growth and a supply glut. Photo: Xinhua

Sinofert, China's largest fertiliser producer and distributor, expects a lower potash price resulting from the disintegration of a marketing oligopoly in Eastern Europe to stimulate demand in the mainland.

23 Aug 2013 - 3:01am

Sinofert lifts targets after core earnings rise 43pc

Sinofert Holdings, the country's largest fertiliser distributor, posted a 43.24 per cent increase in underlying net profit last year and said it planned to raise its market share on the mainland to 25 per cent by 2010 from 17 per cent last year.

29 Mar 2008 - 12:00am

Sinofert sees limited impact after increase in urea export levy

Sinofert Holdings, the mainland's largest fertiliser importer and distributor, said the recent rise in fertiliser export tax would not have a big impact on its operation.

Chief financial officer Zhang Baohong said after the company's special shareholders' meeting that the firm's exports accounted for less than 10 per cent of its sales volume.

29 Dec 2007 - 12:00am

Sinofert buys 6.7b yuan stake in potash firm

Sinofert Holdings, the mainland's largest fertiliser importer and distributor, has agreed to buy its parent Sinochem Corp's 18.5 per cent stake in Shenzhen-listed potassium fertiliser producer Qinghai Salt Lake Potash for 6.73 billion yuan.

18 Oct 2007 - 12:00am

Sinofert's core profit up 31pc on price rise

Sinofert Holdings, the fertiliser distribution unit of mainland oil trader Sinochem Corp, said first-half underlying profit surged 31 per cent as selling prices increased amid higher demand from farmers.

Net profit rose 14 per cent from a year earlier to HK$530 million on a 39 per cent increase in sales to HK$14.34 billion.

28 Aug 2007 - 12:00am

Sinofert share sale funds acquisition

Sinofert Holdings, the fertiliser unit of mainland oil trader Sinochem Corp, has offered to sell US$300 million new shares to fund an asset acquisition from its parent, sources said.

11 Jul 2007 - 12:00am

Sinofert growth plan includes purchase of two fertiliser makers

Sinofert Holdings, the fertiliser unit of mainland oil trader Sinochem Corp, expects to complete one to two acquisitions of minority stakes in nitrogenous fertiliser makers this year, chief executive Du Keping says.

16 Apr 2007 - 12:00am

Expectation of acquisitions sees Sinofert shares surge

Sinofert Holdings, the mainland's largest fertiliser importer, saw its shares surge 7.73 per cent yesterday to a record on speculation that the company's long-awaited plan to buy its parent's assets would take place soon.

13 Feb 2007 - 12:00am

Sinochem acquires stake in oil project

Sinochem Corp, a state-owned conglomerate focusing on oil and petrochemicals trading, has paid US$228 million for 24.5 per cent of an offshore oil project operated by PetroChina.

It is Sinochem's first foray into domestic oil production and its largest oilfield acquisition to date.

7 Feb 2007 - 12:00am

Sinochem records 19.4pc rise in earnings

Improved sales of domestically produced fertiliser offset sharp drop in revenue from imported products

7 Sep 2006 - 12:00am

Results diary

Today Interim: Foxconn International Holdings, Lijun International Pharmaceutical (Holding), Perennial International, Shangri-La Asia, Shenzhen International Holdings, United Metals Holdings, Varitronix International

Final: Chinese People Gas Holdings

AGM: Daiwa Associate Holdings, Sam Woo Holdings

1 Sep 2006 - 12:00am

Sinochem raises $1.3b in bond sale

Sinochem Hong Kong Holdings, China's largest fertiliser importer, has raised $1.3 billion to fund its expansion by selling bonds that are convertible to shares.

22 Jul 2006 - 12:00am

Results diary

Today 1st Interim: San Miguel Brewery Hong Kong

Interim: Eco-Tek Holdings, Sys Solutions Holdings

Final: Sanmenxia Tianyuan Aluminum

AGM: Digital China Holdings, Omnicorp, Sinochem Hong Kong Holdings

June 12 3rd Quarter: GreaterChina Technology Group

Final: Wheelock Properties

AGM: C.P. Pokphand

9 Jun 2006 - 12:00am