Abstract of 2020 Semi-Annual Report
Stock Code: 000553(200553) Stock Abbreviations: ADAMA A(B) Announcement No.2020-47
Abstract of the 2020 Semi-Annual Report of ADAMA Ltd.
I. Important Reminder
This Semi-Annual Report Abstract is from the full text of the Semi-Annual Report. Investors are advised
to read the full text of the Semi-Annual Report published on the media designated by China Securities
Regulatory Commission for having a round understand of the Company’s performance, financial status
and future development plan.
All the directors attended the Board of Directors meeting to review the Semi-Annual Report. No
disagreement was raised by the directors, supervisors, and senior managements.
Non-standard auditor report
□ Applicable √ Not applicable
Plan approved by the Board of Directors for dividend distribution of ordinary shares or increasing the
capital by the transfer of capital reserves.
□Applicable √Not applicable
For the Reporting Period, the Company does not plan to distribute cash dividends or bonus shares or
convert capital reserve into share capital.
Plan approved by the Board of Directors for dividend distribution of preferred shares
□ Applicable √ Not applicable
II. Basic information about the Company
1. Company profile
Stock name ADAMA A(B) Stock code 000553(200553)
Stock exchange Shenzhen Stock Exchange
Investor Relations
Contact Person Board Secretary Securities Affairs Representative
Manager
Name Li Zhongxi Liang Jiqin Wang Zhujun
Address 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park South Road, Chaoyang District, Beijing
Tel. 010-56718110 010-56718110 010-56718110
E-mail irchina@adama.com irchina@adama.com irchina@adama.com
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Abstract of 2020 Semi-Annual Report
2. Major accounting data and financial index
Whether the Company performed any retroactive adjustments to or restatement of its accounting data
□Yes √No
Reason for retrospective adjustment or restatement: Business combination under common control.
Reporting Period Same period of last year +/- (%)
Operating revenues (RMB’000) 14,121,040 13,616,032 3.71%
Net profit attributable to 204,649 588,638 -65.23%
shareholders of the Company
(RMB’000)
Net profit attributable to
shareholders of the Company
219,772 430,270 -48.92%
excluding non-recurring profit and
loss (RMB’000)
Net cash flow from operating
1,234,531 -304,950 -504.83%
activities (RMB’000)
Basic EPS (RMB/share) 0.0836 0.2406 -65.25%
Diluted EPS (RMB/share) 0 0 0.00%
Weighted average return on net
0.91% 2.59% -1.68%
assets
End of Reporting
End of last year +/- (%)
Period
Total assets (RMB’000) 49,096,179 45,288,940 8.41%
Net assets attributable to
shareholders of the Company 22,669,778 22,371,665 1.33%
(RMB’000)
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Abstract of 2020 Semi-Annual Report
3. Shares and shareholders
49,602 (the number of ordinary A share
Total number of common Total number of preferred shareholders
shareholders is 34,498;
shareholders at the end of the that had resumed their voting right at 0
Reporting Period the number of B share shareholders is the end of the Reporting Period (if any)
15,104)
Shareholding of common shareholders holding more than 5% shares or the top 10 shareholders
Holding Number of Pledged or frozen shares
Nature of Number of
Name of shareholder percentage restricted
shareholder shares held Status Number
(%) shares held
State-owned
Syngenta Group Co., Ltd. 74.02% 1,810,883,039 1,810,883,039 - -
legal person
(note)
Jingzhou Sanonda Holding State-owned
4.89% 119,687,202 - - -
Co., Ltd. legal person
China Cinda Asset State-owned
1.37% 33,557,046 - - -
Management Co., Ltd. legal person
China Structural Reform State-owned
1.37% 33,557,046 - - -
Fund Co., Ltd. legal person
Portfolio No.503 of National
Others 0.94% 23,000,052 - - -
Social Security Fund
Overseas
UBS AG 0.68% 16,634,350 - - -
legal person
CCB Principal-ICBC-Avic
Trust, Trust Plan of Pooled
Funds of CCB Principal
Others 0.53% 12,885,906 - - -
Private Placement
Investment, Tianqi (2016)
No. 293 of Avic Trust
Caitong Fund Fuchun
Chuangyi Private Placement
Others 0.19% 4,697,986 - - -
No.3 Asset Management
Plan
GUOTAI JUNAN
Overseas
SECURITIES(HONGKONG) 0.18% 4,319,872 - - -
legal person
LIMITED
Qichun County State-owned
State-owned 0.17% 4,169,266 - - -
Assets Administration
Syngenta Group Co., Ltd. and Jingzhou Sanonda Holdings Co., Ltd. are
related parties, and are acting-in-concert parties as prescribed in the
Explanation on associated relationship Administrative Methods for Acquisition of Listed Companies. Both of them are
or/and persons controlled subsidiaries of CNAC. It is unknown whether the other shareholders
are related parties or acting-in-concert parties as prescribed in the
Administrative Methods for Acquisition of Listed Companies.
Particular about shareholder participate in
the securities lending and borrowing -
business (if any)
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Abstract of 2020 Semi-Annual Report
In July 2017 the Company issued CNAC 1,810,883,039 common shares of the Company in consideration for 100% equity
of Adama Solutions. According to the commitment made by CNAC, the said shares were restricted from public trading
until August 2, 2020. On June 15, 2020, CNAC transferred the said shares to Syngenta Group free of charge. In addition,
following the completion of the compensation commitments made in the context of the acquisition of Solutions, on July 13,
2020 the total shares of the Company reduced from 2,446,553,582 to 2,344,121,302, and the restricted shares reduced
from 1,810,883,039 to 1,708,450,759. On August 3, 2020, restriction on the public trading of the above shares was lifted.
For details, please refer to Announcement on the Release of Restricted Shares issued for the Major Assets Restructuring
(announcement no.2020-38) published on the website www.cninfo.com.cn.
4. Change of the Controlling Shareholder or the Actual Controller
Change of the controlling shareholder in the Reporting Period
√Applicable □Not applicable
New Direct Controlling Shareholder Syngenta Group Co., Ltd. - a wholly owned subsidiary of
CNAC, the former direct controlling shareholder of the
Company
Date of the Change of Controlling Shareholder June 15, 2020
Disclosure Index Announcement on the Completion of the Registration of the
Transfer of State-owned Shares held by the Controlling
Shareholder (No. 2020-33)
Disclosure Date June 17, 2020
Change of the actual controller in the Reporting Period
□ Applicable √ Not applicable
There was no change of the actual controller of the Company in the Reporting Period.
5. Preferred stock and the top 10 shareholders
□ Applicable √ Not applicable
None in the Reporting Period.
6.Corporate Bonds
Whether the company has corporate bonds that have been publicly issued and listed on the stock
exchange, and not yet due or due but failed to pay as of the date of the approval of this Semi-Annual
Report by the Board of Directors.
No.
III. Performance Discussion and Analysis
1. Business Operation summary in the reporting period
Whether the company needs to comply with the disclosure requirements of certain industry
No
During the first half of 2020, the global agrochemical market, amongst many others, was impacted
by the unprecedented COVID-19 pandemic. As a result, farmers’ incomes have been, and
continue to be, negatively impacted in most regions by lower crop prices, reduced demand due to
the relative shutdown of the food sector, and labor shortages owing to mobility restrictions, all
leading to increased costs for farmers. Governments across the world continue to include farmers
in extensive support programs, partially offsetting lost income due to the pandemic.
One of the most widespread economic consequences of the pandemic is the significant
weakening of many global currencies against the US dollar, which started abruptly towards the
end of Q1 and continued throughout the duration of Q2. This has been seen most notably in the
Brazilian Real, Indian Rupee and Turkish Lira, and has contributed to increased volatility in the
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Abstract of 2020 Semi-Annual Report
Euro and Australian dollar.
Following tight supply in the first quarter due to COVID-19 disruptions, chemical production in
China has largely returned to prior levels and prices of raw materials and intermediates are
starting to reflect such increase in supply. The Company expects to benefit from this trend in the
upcoming quarters.
The ongoing spread of the COVID-19 pandemic is expected to continue to impact the performance
and profitability of the Company in the coming months. The Company continues to actively
manage its response to the pandemic in order to ensure the safety of its employees and limit its
impact on the Company’s business and financial performance.
Despite these challenging conditions largely owing to COVID-19, the Company delivered a
resilient performance in the second quarter driven by significant volume growth, mainly in
emerging markets, supporting continued sales growth over the half-year period in constant
exchange terms.
Regarding the explanations on the changes in the financial data, please refer to Item “II Analysis of
Main Business” of Section IV of the full content of the Semi-annual Report.
2. Matters regarding the financial report
(1) Explanation of the changes of the accounting policy, the accounting estimates and the accounting
methods compared to the last financial report
□Applicable√ Not applicable
No such cases in the reporting period.
(2) Explain retrospective restatement due to correction of significant accounting errors in the reporting
period
□ Applicable √ Not applicable
No such cases in the reporting period.
(3) Explain change of the consolidation scope as compared with the financial reporting of last year
□Applicable √Not applicable
No such cases in the reporting period.
ADAMA Ltd.
Ignacio Dominguez
(Legal Representative)
August 19, 2020
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