ChangJiang Fertilizer

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An interesting company and case study Tongue

A company with zero revenue in 9 months of 2014, with increased admin expense, impairment of receivable etc. The company is depleting its resources...

Any buddies stuck with this company?

(not vested)

The reasons quoted in the report:

"As there is a growing trend for farmers to prefer compound fertilizers over traditional fertilizers,
demand for our Group’s product continued to be persistently weak in 9M2014. Thus, the production
activities in all our 3 plants continued to be temporary halted for the whole of the 9M2014 with no
sales revenue generated as the weak demand could not satisfy the minimum threshold levels
required for production to justify the operational costs incurred."
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
A new hope?

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