China News Service, Beijing, December 3 (Reporter Xia Bin) After the announcement of the proposed termination of the reorganization, Jiangshan's performance in the last two transactions was hit.
The move to suspend major asset restructuring has also attracted regulatory attention. The Shanghai Stock Exchange issued an inquiry letter to inquire about the progress of Jiangshan's major asset restructuring and the buying and selling of stocks by insiders.
When the reorganization is terminated, where will Jiangshan's fundamentals go in the future?
An Guangyong, an expert on the Credit Management Committee of the All-Union Mergers and Acquisitions Association, believes that the termination of reorganization of listed companies is also a common situation and is not directly related to the company's operating conditions.
Industry insiders believe that the termination of Jiangshan's reorganization is mainly caused by changes in the external market environment. Although the company's reorganization is terminated, it does not affect its judgment on the continued improvement of the fundamentals of Jiangshan.
In the past period of time, the increase in the price of glyphosate has boosted the performance of Jiangshan Co., Ltd. Its company has a production capacity of 70,000 tons of glyphosate technical materials per year, of which the production capacity of the glycine route is 30,000 tons per year, and the production capacity of the IDAN route is 40,000 tons per year. The IDAN method glyphosate production process developed, the product quality is in the forefront of the industry.
In the past four years, the performance of Jiangshan shares has grown steadily, especially since this year, the glyphosate industry has entered a rare high-prosperity cycle, and Jiangshan shares are expected to improve significantly.
According to the company's third quarter report, its net profit in the first three quarters increased by 101.1% year-on-year.
Regarding the performance of Jiangshan shares in 2021, some institutions have predicted that the company's net profit in 2021 will be 693 million yuan, an increase of 106.91% over the same period last year.
According to research reports, the company has made progress in the construction of key projects. The technological transformation project with an annual output of 7,600 tons of high-efficiency green plant protection products, the flame retardant and its supporting intermediate projects are progressing steadily as planned, and it is expected to be put into operation within the year.
Among the green plant protection projects, 5,000 tons of diazinon, 1,000 tons of metolachlor, and 1,000 tons of refined metolachlor have been put into trial production successively since May. These products will become the company's new market breakthrough in the field of plant protection.
In recent years, international agrochemical giants have successively embarked on the road to integration, but domestic agrochemical companies generally have the characteristics of small scale, lack of terminal brands and overseas sales channels, and they urgently need to integrate and expand their scale and influence.
In this regard, there are also opinions that the termination of the reorganization may have an impact on Jiangshan's competition for the position of the domestic agrochemical leader. If it can better solve the problem of horizontal competition, it will help the stability of its operations.
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