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CSPC Leads the "Top 100 Chinese Fine Chemicals in 2019"

Posted: November 29, 2019 Posted by: CSPC


On November 28, the "2019 Top 100 Chinese Fine Chemicals" list was released, and CSPC led the list, ranking third.


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The list was announced at the "19th International Fine Chemical Materials and Intermediates (Tieshan Port) Summit" co-sponsored by the National Collaboration Group of Fine Chemical Materials and Intermediates Industry and China Chemical Information Association in Beihai, Guangxi.


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At the meeting, Jie Yubin, executive vice president of China Chemical Industry Information Association, said that the "Top 100 Fine Chemicals in China" companies represent the highest level of China's fine chemical industry. Through such selection, China's outstanding fine chemical companies can better play. The industry's leading role in promoting the exchange of excellent results within the industry, thereby effectively promoting the high-quality development of China's fine chemical industry.

It is reported that the average main business income of the top 100 enterprises this year was 5.8 billion yuan, an increase of 11% year-on-year (2017: 5.2 billion yuan); the average R & D investment (the ratio of research and development expenses to the main income) was 3.81%, which was slightly Growth (3.78% in 2017); average gross profit margin was 28%, a year-on-year decrease (29% in 2017).


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According to the report for the third quarter of 2019, CSPC's total revenue during the period was 16.761 billion yuan (RMB, the same below), vitamin C product sales revenue was 1.596 billion yuan, antibiotic products were 715 million yuan, and R & D investment was 1.502 billion yuan. It accounted for 11.2% of the revenue of the proprietary medicine business. The caffeine product has maintained steady growth. The annual production capacity of caffeine and its derivatives, the main product of Sinopharm Pharmaceuticals, a wholly-owned subsidiary of CSPC, has exceeded 10,000 tons, which has won the recognition of high-quality customers in Europe and the United States and other regions. Mainly sold to the United States, Germany, Ireland, Brazil, India and other places, has become a global supplier of Pepsi, Coca-Cola, Red Bull three major international beverage companies, caffeine exports accounted for 60% of the country's share.

Innovation drives development. CSPC will play a leading role, continue to strengthen research and development investment, enhance its sustainable development capabilities, and contribute to the transformation and upgrading of the industry.