Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. Sinochem International Corporation
  6. News
  7. Summary
    600500   CNE0000011R3

SINOCHEM INTERNATIONAL CORPORATION

(600500)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-11-24
7.140 CNY   +0.14%
11/17Fitch Affirms Syngenta Group at 'A'; Outlook Stable
AQ
11/17Singapore Resists Global Losses; Halcyon Agri Balloons 33% on Sale of 36% Stake to China Hainan Rubber
MT
11/17Sinochem International Sells 36% Stake in Singaporean Rubber Producer Halcyon For $181 Million
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Syngenta boosts Q2 results ahead of planned IPO

08/30/2022 | 02:19am EST
Logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel

ZURICH (Reuters) - Swiss agrichemicals and seeds group Syngenta generated double-digit growth in the second quarter ahead of the Chinese-owned company's planned flotation by year's end.

Sales increased 24% to $9.2 billion while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 39% to $1.7 billion, the company said, citing launches of new products and services, increased productivity and prices that offset higher costs.

All business units achieved double-digit sales growth in the quarter and the first half of 2022, it said.

Its EBITDA margin improved by 1.1 percentage points from a year earlier to 19.5% in the first half of 2022.

Syngenta Group had increased first-quarter sales by 26% to $8.9 billion as farmers bought seeds and sprays early to avoid possible shortages, the company said in April. Core profit rose 25% to $1.9 billion in the first three months.

Syngenta, which competes with U.S. company Corteva and Germany's BASF and Bayer, was bought in 2017 for $43 billion by ChemChina, which was folded into Sinochem Holdings Corp last year.

The parent company plans to keep a majority stake after the $10 billion flotation, which is expected to value Syngenta at around $50 billion.

(Reporting by Michael Shields and John Revill)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -0.56% 49.605 Delayed Quote.-19.71%
BAYER AG -0.11% 55.45 Delayed Quote.17.98%
CORTEVA, INC. 0.81% 66.33 Delayed Quote.40.29%
SINOCHEM INTERNATIONAL CORPORATION 0.14% 7.14 End-of-day quote.-16.59%
All news about SINOCHEM INTERNATIONAL CORPORATION
11/17Fitch Affirms Syngenta Group at 'A'; Outlook Stable
AQ
11/17Singapore Resists Global Losses; Halcyon Agri Balloons 33% on Sale of 36% Stake to Chin..
MT
11/17Sinochem International Sells 36% Stake in Singaporean Rubber Producer Halcyon For $181 ..
MT
11/16Sinochem Affiliates Form Propylene Oxide Joint Venture in China’s Hainan Province
MT
10/28Sinochem International Corporation Reports Earnings Results for the Nine Months Ended S..
CI
10/27Seed maker Syngenta says sales growth slows as economies cool
RE
10/20Sinochem to Develop Batteries for DeChuang Future Automobiles
MT
10/13China to Cut Winter Gas Purchases Amid Demand Growth Slowdown
MT
10/10Syngenta hires banks for U.S. dollar bond deal
RE
10/10Syngenta hires banks for U.S. dollar bond deal - term sheet
RE
More news
Financials
Sales 2021 80 648 M 11 247 M 11 247 M
Net income 2021 2 175 M 303 M 303 M
Net Debt 2021 19 324 M 2 695 M 2 695 M
P/E ratio 2021 11,1x
Yield 2021 0,93%
Capitalization 19 703 M 2 748 M 2 748 M
EV / Sales 2020 0,41x
EV / Sales 2021 0,53x
Nbr of Employees 25 171
Free-Float 43,8%
Chart SINOCHEM INTERNATIONAL CORPORATION
Duration : Period :
Sinochem International Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SINOCHEM INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Managers and Directors
Jin Ke Qin Chief Financial Officer
Xue Gong Zhang Chairman-Supervisory Board
Fanr Ong Li Chairman
Feng Chao Cheng Independent Director
Yong Qian Xu Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SINOCHEM INTERNATIONAL CORPORATION-16.59%2 748
SHIN-ETSU CHEMICAL CO., LTD-10.64%51 083
BASF SE-19.71%46 140
DUPONT DE NEMOURS, INC.-11.80%35 396
PIDILITE INDUSTRIES LIMITED8.09%16 552
SASOL LIMITED14.77%11 019