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Global Bio-chem Calls for Key Shareholder Meeting
Global Bio-chem Aligns Governance With New Regulations
CICC: Global potassium fertilizer production capacity is limited, bullish on the industry's outlook.
In 2024, the contract price for imported potash fertilizer is CFR $273 per ton, and the corresponding domestic market price including taxes is estimated to be around 2,300 yuan per ton. Considering the support role of the contract price of potash fertilizer and the subsequent gradual entry into the peak season for fertilizer use, I am bullish on the maintenance of a prosperous domestic potash fertilizer price.
GLOBAL BIO-CHEM: Interim Report 2024
Global bio-chem (00809.HK) saw a significant increase in comprehensive earnings of about 91.7% to approximately HKD 0.8985 billion during the first half of the year.
On August 20, Gelonghui announced that Global Bio-Chem (00809.HK) is committed to maximizing the production capacity of its amino acid business facilities and launching a series of high value-added amino acid products to expand sales in the first half of 2024. As a result, the group's comprehensive income for the period increased significantly by about 91.7% to approximately HKD 898,500,000. At the same time, the average purchase price of corn fell by 18.0% and the total average production cost per unit decreased by 18.6%. In addition, with a stable market price for lysine products, the group recorded a gross profit for the period.
Express News | Global Bio-Chem Technology - Hy Loss Attributable HK$157.7 Mln
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