Background

CNAMPGC Shanghai Corporation was established in 1978, as a member of China National Agricultural Means of Production Group Corporation.

At the very beginning, the corporation obtained great reputation as a government agency managing fertilizer and pesticide business. To adapt for the constantly changing environment, strategy and organization structure is reformed in early 1990's.

Today the corporation is a leading company in marketing and sales of fertilizer, pesticide and plastic material, with six joint trading companies, four representative offices and two large warehouses in east provinces of China.

In 2001, the company sold 600,000 metric tons fertilizer amounted to RMB600 million, and pesticide amounted to RMB120 million.

Finance Results (by the end of 2001, million)

Total Assets: 640
Fixed Assets: 50
Owner's Equity: 140
Sales Income: 1,200
Operational Profit: 4

Investment

China Agronewfertilizer Technology Co., Ltd. - a leading compounded fertilizer manufacturer.
Shanghai Mingzhu Hotel - a three-star hotel.
Shanghai Huatian Holiday Hotel - a two-star hotel.