The National Bureau of Statistics looked at the main business revenue of 843 enterprises above the designated size in the Chinese pesticide industry. Those organizations posted $8.78 billion (RMB 300.841 billion) in revenue, up 7.5% year on year (YoY), while the total profit was $3.66 billion (RMB 22.592 billion), down 1.2% YoY. The growth rate for 2014 was 30.8%. The total profit of chemical pesticides fell 3.6%, while that of biochemical and microbial pesticides grew 23.7%, with a growth rate much higher than chemical pesticides.
Among the 843 enterprises above the designated size, the number of the loss-making enterprises fell 0.7% YoY, while the losses were $93.24 million (RMB575 million), up 24.9% YoY. The proportion of loss-making enterprises dropped to 7.1% from last year’s 7.8%.
Read more about the CCPIA report here.