Fujian
Sannong Group Co.,Ltd. grew out of Sanming Agricultural Chemical
Plant of Fujian ,which was founded in 1959 and moved to Sanming
from Xiamen in 1965.Transformed into a standardized joint-stock
enterprise in Dec. 1992 and approved by China National Securities
Supervision & Management Committee, the company issued 40
million common shares to the public in June 1997.It was offered
in Shenzhen Security Exchange on July 4,1997,being the first
listed company in chemical industry in Fujian. The total capital
stock of the company is 132 million shares, with 44 million
circulation shares.
Since the implementation of the reform and open-door
policy, the company has made much improvements by firmly seizing
the right time and developed into a diversified and trans-regional
group enterprise, integrating production ,marketing, research
and trade together. The company has strong technical force and
standardized management system,the biggest farm chemical manufacturer
in Fujian and one of the largest farm chemical exporters in
China. After it became a listed company, the scale of the assets
of the company has been growing rapidly through assets recomposition,
acquisition and merger. The business scope includes farm chemicals,
pharmaceuticals and food. As of June 30,1999 the total assets
of the company has reached RMB 952.858 million with net assets
of RMB 377.284 million.
The company has gone through three stages of development.
In the first stage, from 1959 to 1986 it developed from a pesticide
processing factory to a synthesizing factory. In the second
stage, from 1987 to 1992, by summing up the experience of over
20 years' hard work,we put forward the enterprise spirit of
"Be united, practical, creative and enterprising".
By adopting strategic adjustment of "two transforms and
one integration",wetripled the output value
in 1995,achieving the goal 5 years ahead of schedule and making
profit and tax RMB 59.102 mil. The third stage is from 1992
to present.By changing into a share-issuing enterprise and taking
the advantage of a listed company in financing and management
, we explored new ways of enterprise management and developed
rapidly in production and trade , making profit and tax RMB
169.4029 million.
In the process of reform , we were honored with the titles of
"Civilized Unit" and "Model Enterprise"
by Fujian Provincial Government. We creatively invented "overall
market-oriented management", which has been widely promoted
in petrochemical industry in Fujian. Brands:
BAICAI,FUNONG
Business Scope:
manufacturing of pesticides,chemicals,chemical materical(except
dangerous ones);sale of adhesives,pharmaceutical machines,instruments
& apparatuses, hardware & electrical equipment and
metallic material; undertaking joint production with foreign
enterprises, processing supplied materials and compensation
trade; exporting the company's own products and importing
raw materials,mechanical equipment,instruments and related
technologies that are required for its own production;consultation
sale of food and no-staple food. |
