April 05, 2020

China Chemical Signs 2.64 Billion Project Contract

China Chemical Evening Announcement disclosed that on October 5, 2010, Wuhuan Technology Co., Ltd., a wholly-owned holding company of the company, signed a contract with Hebei Hebei Nitrogen Fertilizer and Chemicals Co., Ltd. for the expansion and transformation project of Hebei Nitrogen Fertilizer Factory. Contract. The total duration of the contract is approximately 43 months. The total contract value is 395 million US dollars (equivalent to approximately 2.64 billion yuan), accounting for approximately 9.4% of the company's 2009 operating income.
According to the report, in the first half of the year, China’s chemical revenue reached 14.57 billion yuan, a year-on-year increase of 16%; net profit attributable to the parent company was 650 million yuan, a year-on-year increase of 58%.

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