The third quarter performance report of listed companies was released at the end of October, and the performance of 22 listed chemical fertilizer companies fell as a whole.

In the first three quarters, 22 listed chemical fertilizer companies made a total profit of 3 billion yuan, down 44.5% year on year.Arithmetic average earnings per share of about 0.1 yuan, down 62 percent year-on-year.Industry analysis, listed fertilizer enterprises performance decline is mainly due to three reasons:

First, many chemical fertilizer enterprises, especially nitrogen fertilizer enterprises, carry out the strategy of "fertilizer and fertilizer simultaneously". While developing the chemical fertilizer business, they are also using raw materials, intermediate products and exhaust gas to produce chemical products.This year, the price of some chemical products fell greatly, the impact on enterprise benefits is also greater.In the first three quarters, 11 listed nitrogenous fertilizer companies made a total profit of 1.06 billion yuan, down 82.6% from the same period last year, the biggest drop among all the sub-industries.

Second, the price of fertilizer products fell.Affected by the decline in market demand and international fertilizer prices, domestic fertilizer prices fell in the first three quarters.Urea price decreased by 12.2%, diammonium phosphate price decreased by 5.7%, potassium chloride price decreased by 6.3%, compound fertilizer price decreased by 1%, and the overall fertilizer price index decreased by 9.4%.The falling price of chemical fertilizer has a negative effect on the benefit of enterprises.

Third, affected by environmental protection, safety inspection and other factors, some enterprises started work load is insufficient, production decline, also affected the benefits.

In the third quarter report released this time, three listed fertilizer enterprises forecast their full-year performance in 2019, with two down and one up.Overall, 2019 year listed fertilizer enterprise performance is not optimistic.

Specifically, xinyangfeng is expected to make profits of 650 million to 750 million yuan in 2019, down 9.49% to 21.56% year-on-year.Sichuan meifeng is expected to make a profit of 90 million to 125 million yuan in 2019, down 43.08% to 59.02% year-on-year.Yuntu holdings expects to make a profit of 210 million to 260 million yuan in 2019, up 20% to 50% year-on-year.