Company Profile For China BlueChemical Ltd.

China BlueChemical Ltd., along with its subsidiaries, is engaged in the manufacture and sale of fertilisers and methanol. The Company manufactures, develops and sells urea and synthetic chemical products with natural gas as the raw material. It operates through three business segments. The fertilisers segment is engaged in the manufacture and sale of nitrogenous fertilizers and compound fertilizers. The methanol segment is engaged in the manufacture and sale of methanol. The others segment mainly comprises segments engaged in port operation, the provision of transportation services, and the manufacture and sale of woven plastic bags. The Company also produces complex fertilizers and food-class carbon dioxide. Its granular urea products, carrying the Fudao brand, are sold in Hainan Province and other regions in China. Its Tianye prill urea products are sold in Inner Mongolia, North and East-northern China.

BRIEF: For the six months ended 30 June 2009, China BlueChemical Ltd.'s revenues decreased 22% to RMB2.83B. Net income decreased 50% to RMB527M. Revenue reflects a decrease in sale of the Urea, Phosphorous fertilizers, Methanol and other business segment. Net income also reflects a decrease in Gross margin, higher selling & distribution expenses, increased other expenses, increased finance costs and lower share of profit of associates.

China BlueChemical Ltd.
No. 1 Zhu Jiang South Street
Dongfang   HAN  

5920