2014年中期业绩报告-中化化肥.pdf

2014年中期业绩报告 年88 月月2121 日日 Disclaimer This presentation and the presentation materials distributed herewith include forward- lookinglooking statementsstatements. AllAll statementsstatements, otherother thanthan statementsstatements ofof historicalhistorical factsfacts, thatthat address activities, events or developments that Sinofert Holdings (“Sinofert”) expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans)) are fforward-looking statements. SSinoffert’’s actual results or developments may differ materially from those indicated by these forward-lookingg statements as a result of various factors and uncertainties, includingg but not limited to price fluctuations, actual demand, exchange rate fluctuations, exploration and development outcomes, estimates of reserves, market shares, competitioncompetition, environmentalenvironmental risksrisks, changeschanges inin legallegal, financialfinancial andand regulatoryregulatory frameworksframeworks, international economic and financial market conditions, political risks, project delay, project approval, cost estimates and other risks and factors beyond our control. In addition, Sinofert makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. 1 一、经营回顾 二、财务表现 三、经营展望 、经营展望 市场环境：化肥市场低位震荡下行（1/4） 全球性供大于求矛盾没有根本改变 国际主要化肥产品价格震荡下滑 17 22 13 数据来源：IFA 数据来源：百川资讯