Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-18
The Company and all members of its board of directors hereby confirm that all information
disclosed herein is true, accurate and complete with no false or misleading statement or
material omission.
ADAMA LTD.
FIRST QUARTER REPORT 2022
ADAMA Ltd. (hereinafter referred to as “the Company”) is a global leader in crop protection,
providing solutions to farmers across the world to combat weeds, insects and disease.
ADAMA has one of the widest and most diverse portfolios of active ingredients in the world,
state-of-the art R&D, manufacturing and formulation facilities, together with a culture that
empowers our people in markets around the world to listen to farmers and ideate from the
field. This uniquely positions ADAMA to offer a vast array of distinctive mixtures,
formulations and high-quality differentiated products, delivering solutions that meet local
farmer and customer needs in over 100 countries globally.
Please see important additional information and further details included in the
Annex.
April 2022
Important Notice
The Company’s Board of Directors, Board of Supervisors, directors, supervisors and
senior managers confirm that the content of the Report is true, accurate and
complete and contains no false statements, misleading presentations or material
omissions, and assume joint and several legal liability arising therefrom.
Ignacio Dominguez, the person leading the Company (President and Chief Executive
Officer) as well as its legal representative and the person leading the accounting
function (acting Chief Financial Officer), hereby assert and confirm the truthfulness,
accuracy and completeness of the Financial Report.
The First Quarter Report has not been audited.
This Report has been prepared in both Chinese and English. Should there be any
discrepancy between the two versions, the Chinese version shall prevail.
I. Main Financial Data
1. Main accounting and financial results
Whether the Company performs any retroactive adjustments to, or restatements of, its accounting data
of last year
√ Yes □ No
January - March January - March 2021 YoY +/- (%)
2022 Before After After
adjustment adjustment adjustment
Operating revenues (RMB’000) 9,015,991 7,187,164 7,187,164 25.45%
Net profit attributable to shareholders of the 427,652 148,784 148,784 187.43%
Company (RMB’000)
Net profit attributable to shareholders of the
Company excluding non-recurring profit and loss 143,314 121,678 121,678 03..32%
(RMB’000)
Net cash flow from operating activities (1,813,846) (837,773) (837,773) -116.51%
(RMB’000)
Basic EPS (RMB/share) 0.184 0.064 0.064 187.50%
Diluted EPS (RMB/share) NA NA NA NA
Weighted average return on net assets 2.02% 0.69% 0.69% 1.33%
End of Reporting End of last year +/- (%)
Period Before After After
adjustment adjustment adjustment
Total assets (RMB’000) 53,586,599 50,235,308 50,235,308 6.67%
Net assets attributable to shareholders 21,352,214 21,075,083 21,075,083 1.31%
(RMB’000)
Reason for retroactive adjustments: When the financial assets measured at fair value through profit or loss were
disposed, the Company used to reclassify the accumulated fair value change of the financial assets to investment income.
Starting from 2022, the Company no longer performed the abovementioned reclassification when the financial assets
measured at fair value through profit or loss were disposed. Such change did not impact the operating results during the
quarter.
2. Non-Recurring profit/loss
√ Applicable □ Not applicable
Unit: RMB’000
Item January-March Note
2022
Gains/losses on the disposal of non-current assets (including the 1,882 -
write-off of asset impairment provisions accrued during the period)
Government grants recognized through profit or loss (excluding
government grants closely related to business of the Company and 7,719 -
given at a fixed quota or amount
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