Since this year, chemical fertilizer price goes high continuously, a lot of variety prices are achieved go out nearly 5 years to come new tall. Go up greatly as the price, situation of gain of fertilizer company whole also takes a favourable turn considerably. Appear on the market according to the chemical fertilizer of before this year 3 quarters company report, some companies profit exceeds 1 billion yuan.
However as antipathetic as this is, the near future appears again and again however the message of chemical fertilizer business failure.
Case one
On October 29, shandong saves ruling of intermediate court of jujube village town, accept as a way of of plant of fertilizer of Yan mine Lu Na to produce can't the application that pay off has bankrupt liquidating for total debt and ability of apparent lack pay off.
Predecessor of plant of fertilizer of Yan mine Lu Na is plant of Shandong Lu Na fertilizer, only then built 1967. 1993, via jujube village city bureau of industrial and commercial administration is approved, chemical industry of Hao Hua of Yan mine group, China (group) head office is collective and contributive establish plant of fertilizer of Yan mine Lu Na; 2010, yan mine group bought chemical industry of Chinese Hao Hua (group) the 4.53% share that head office place holds, contributive scale is achieved 100% .
Make public information to show, productivity of product of dominant of plant of fertilizer of Yan mine Lu Na is synthetic ammonia 250 thousand tons / year, urea 350 thousand tons / year, methanol 150 thousand tons / year, in addition still manufacture solution of potassium carbonate, NHD, all sorts of high pure the product of careful chemical industry such as alcohol of gas, building materials, xylose.
According to audit report, up to on September 30, 2018, deficit of accumulative total of plant of fertilizer of Yan mine Lu Na 3.7 billion yuan, indebted rate is asset 290.05% , flow is indebted exceed liquid assets 3.19 billion yuan.
Case 2
Because of long-term deficit endowment not pay a debt in kind or by labour, jiangxi chemical industry also faces 6 nations go bankrupt reforming. On November 5 evening, appear on the market chemical industry releases 6 states of company announcement, the company accuses share company Jiangxi 6 countries long-term loss of company of chemical finite liability, endowment not pay a debt in kind or by labour, already managed continuously feebly, plan to apply for to go bankrupt reforming.
Jiangxi chemical predecessor is 6 countries chemical fertilizer of Jiangxi expensive brook is finite liability company. 1988 break earth, built go into operation 1991. On December 2, 2011, anhui chemical industry is in 6 countries bourse of Shanghai combination property right suffers successfully let Chinese letter amount to hold Jiangxi expensive convert 51% equity, become firm the biggest partner. This company is the nation that spends phosphorous answer fertilizer in order to produce Gao Nong to be dominant product is large first gear enterprise, produce per year chemical fertilizer 1 million tons. Chemical fertilizer product has phosphoric acid 2 ammonium, contain potassium 2 ammonium, chloric base compound fertilizer, sulfur radical is compound fertilizer and crop are special the series such as fat, BB fertilizer is close 80 breed. Product sale spreads all over more than 20 province, city of countrywide, municipality, still export the nation such as Vietnam, Nepalese, Korea, Japan, Indonesian, Cuba, Korea, Thailand, United States, Jordan, Belgian, Guatemala at the same time.
But in recent years the company encounters predicament however. Up to on September 30, 2018, 6 countries change Jiangxi industry assets total 486 million yuan, indebted amount is 905 million yuan, net assets is - 419 million yuan, indebted rate is as high as asset 186% . Because financial standing worsens continuously, from November 2017 the share rises, each finance orgnaization to Jiangxi 6 countries are smoked in succession borrow or cut put borrow dimensions.
Chemical industry represents 6 states, in recent years, jiangxi 6 countries are long-term deficit, endowment not pay a debt in kind or by labour, already managed continuously feebly. Go bankrupt the power that reforming can concentrate each respect such as shareholder of person of court, management, company, creditor, to Jiangxi 6 countries undertake be rectified in the round and be adjustmented, be helpful for introducing strategic investor, strive to restore company vitality through reforming. If go bankrupt,reforming failure will be entered go bankrupt liquidation program.
Case 3
The document of a judicatory that published a few days ago shows: On July 18, 2018, turn a group greatly finite liability company has been ruled to enter lawfully by court of Dalian city intermediate people go bankrupt reforming program. Only then those who was built 1933 is big turning a group is the old state-owend enterprise that has 85 years of histories, advocate business Wu is given priority to with product of chemical industry of inorganic of production, sale, it is base of production of home's the biggest, earliest basic industrial chemicals, fertilizer, ever was the cornstalk of Chinese chemical industry and mainstay business.
Have below company division what be engaged in chemical fertilizer production technically managing is big change continuous heavy rain of group Dalian luck limited company, scope of operations includes production of answer fertilizer product, sale, production of compound fertilizer, compound fertilizer, sale, essence of life of series of ammonium phosphate, phosphor refines industry product production, sale, the production of product of nitrogenous fertilizer series, sale, the production of liquid fertilizer, sale, this also along with all the others exemple into go bankrupt reforming object.
These fat look forward to that appear again and again go bankrupt message, allow the market very astonish. Fertilizer prices is so good this year, fat look forward to should pass very moistly just is, how to go bankrupt even conversely? A lot of people be extremely puzzled.
Chen Li of director of center of information of Chinese chemical fertilizer expresses, these companies went to go bankrupt condition, the mainest reason is to accumulate deficit to cross what too serious place creates package of big, history. Chemical fertilizer price is high this year, but if the enterprise lies,last stop production condition, the price also was not used again high, the enterprise is in all the year round jockey, without crop, price discretion and enterprise do not have any relations.
Moreover, fat price rose, also do not mean every business can gain, some enterprises still can continue deficit, the key depends on cost discretion. Data of national statistic bureau shows, this year 1 to owner of nitrogenous fertilizer travel did business in August Wu income one hundred and forty-two billion eight hundred and thirty million yuan, grow 15.4% compared to the same period; Total of entire industry profit 4.96 billion yuan, grow 31.6% compared to the same period (2016 is caustic of annual net loss 7.41 billion yuan of} . 1 to August enterprise of statistical nitrogenous fertilizer 203, among them deficit enterprise 68, trade deficit range is 33.5% ; Specified number of deficit company loss 4.03 billion yuan, drop compared to the same period 40.7% . Say so, when fat price is high, same meeting has business failure, but whole, when the photograph is lower than fat price, go bankrupt industry measure should decrease considerably.
A fertilizer company controller expresses Hunan, in the fertilizer company that goes bankrupt now, have many it is before the enterprise of famous, special regrettablly. all this pair of fertilizer companies, should have feeling of a kind of crisis, again good in the past after be not being meant certain good, only next great strength fall cost, enhance market competition ability ceaselessly, ability always nurture enterprise is evergreen.
Additional, this chief still says, before a few years when, fertilizer market is very bad, the price blazes new trails repeatedly low, but some enterprises disregard big loss to still be in up hill and dale production, from the supplier over there tick raw material, equipment, from agency over there collection imprest, some still default charge of electricity, pass because of deficit finally big, bring about a bank to break borrow, the supplier is broken for, power company cuts off the power, the enterprise is immersed in break down. Although this year such good prices, the enterprise also can no more resume production. Chemical fertilizer product is to have periodic, when it is good to have prices, when also prices is differred. When prices is poor, must in order to reduce deficit, save actual strength to be a principle, weather in the winter is spring, make money more when prices is good. (Zhou Heping)
