Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-29
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.
THIRD QUARTER REPORT 2022
ADAMALtd. (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 positionsADAMAto 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.
October 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 Shahar Florentz, the person leading
the accounting function (Chief Financial Officer), hereby assert and confirm the
truthfulness, accuracy and completeness of the Financial Report.
The Third 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 accounting and financial results
1. Whether the Company performs any retroactive adjustments to, or restatements of, its accounting data of last year due
to change in accounting policies or correction of accounting errors
√ Yes □ No
July - July - September 2021 +/- (%) January - January - September 2021 +/- (%)
September Before After After September Before After After
2022 adjustment adjustment adjustment 2022 adjustment adjustment adjustment
Operating revenues 9,281,986 7,424,584 7,424,584 25.02% 28,077,814 22,488,364 22,488,364 24.85%
(RMB’000)
Net profit attributable
to shareholders of the 36,046 (370,952) (370,952) 109.72% 768,144 (3,916) (3,916) 19,715.53%
Company (RMB’000)
Net profit attributable
to shareholders of the
Company excluding 4,353 (384,112) (384,112) 101.13% 659,376 (61,989) (61,989) 1,163.70%
non-recurring profit
and loss (RMB’000)
Net cash flow from
operating activities (212,839) 690,694 690,694 -130.82% (1,558,700) 2,181,987 2,181,987 -171.43%
(RMB’000)
Basic EPS 0.0155 (0.1592) (0.1592) 109.72% 0.3297 (0.0017) (0.0017) 19,494.25%
(RMB/share)
Diluted EPS N/A N/A N/A N/A N/A N/A N/A N/A
(RMB/share)
Weighted average 0.16% -1.73% -1.73% 1.89% 3.44% -0.02% -0.02% 3.46%
return on net assets
End of last year +/- (%)
End of Reporting Period
Before adjustment After adjustment After adjustment
Total assets 59,206,445 50,235,308 50,235,308 17.86%
(RMB’000)
Net assets attributable
to shareholders 23,570,005 21,075,083 21,075,083 11.84%
(RMB’000)
Reason for retroactive adjustments: According to ASBE 22 - Financial Instruments Recognition and Measurement,
starting from 2022 the Group recorded the gain or loss from the disposal of derivative instruments in the “Gain(loss) from
Changes in Fair Value”. Before 2022, the Group recorded the abovementioned gain of loss in the “Investment income,
net”. The Company reclassified the “Gain(loss) from Changes in Fair Value” and the “Investment income, net” in the
corresponding period in 2021. Such change has no impact on the operating results or net assets.
2. Non-Recurring profit/loss
√ Applicable □ Not applicable
Unit: RMB’000
Item July - Septe
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