Abstract of 2024 Annual Report ofADAMALtd.
Stock Code: 000553(200553) StockAbbreviations: ADAMAA(B) Announcement No.2025-8
Abstract of the 2024Annual Report of ADAMALtd.
I. Important Reminder
The Abstract is from the full text of the Annual Report. Investors are advised to read the full text of the Annual
Report published on the media designated by China Securities Regulatory Commission for having a round
understanding of the Company’s performance, financial status and future development plan.
All the directors attended the Board of Directors meeting to review theAnnual Report.
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
The Company does not plan to distribute cash or share dividends, nor plan to transfer capital reserve to equity
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 ADAMAA, ADAMAB Stock code 000553, 200553
Stock exchange Shenzhen Stock Exchange
Contact Information Board Secretary SecuritiesAffairs Representative &
Investor Relations Manager
Name Guo Zhi Wang Zhujun
Address 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park South Road, Chaoyang
District, Beijing
Tel. 010-56718110 010-56718110
E-mail irchina@adama.com irchina@adama.com
2. Main Business or Products during the Reporting Period
Main Business and Products
The Company is a global leader in crop protection, engaging in the development, manufacturing and
commercialization of a wide range of crop protection products, that are largely off-patent. The Company provides
solutions to farmers to combat weeds, insects and disease, and sells its products in dozens of countries globally,
with direct presence in all top 20 markets.
The Company’s main products are herbicides, insecticides and fungicide, which protectagricultural and other crops
against weeds, insects and disease, respectively. The Company also utilizes its expertise to adapt such products also
for the development, manufacturing and commercialization of similar products for non-agricultural purposes
(Consumer and Professional Solutions). In addition, the Company leverages its core capabilities in the agricultural
and chemical fields and operates in several other non-agricultural areas, none of which, individually, is material for
the Company. These activities, collectively reported as Intermediates and Ingredients, include primarily, (a) the
Abstract of 2024 Annual Report ofADAMALtd.
manufacturing and marketing of dietary supplements, food colors, texture and flavor enhancers, and food
fortification ingredients; (b) fragrance products for the perfume, cosmetics, body care and detergents industries; (c)
the manufacturing of industrial products and (d) other non-material activities.
The Company's business model integrates end-customer access, regulatory expertise, state-of-the art global R&D,
production and formulation facilities, thereby providing the Company a significant competitive edge and allowing
it to launch new and differentiated products that meet local farmers and customer needs in key markets.
The Company's primary operations are global, spanning activities in North America, Latin America, Asia-Pacific
(including China) and Europe, Africa and the Middle East.
General crop protection market environment
Key commodity crop prices remained subdued in 2024, pressuring farmer income, despite some ease in the prices
of inputs. Global crop protection industry sales is estimated to have declined in 2024.
While channel inventory continues to ease following pandemic-era stockpiling, the high-interest rate environment
coupled with ample product supply (driven by significant over-capacity production of active ingredients (“AIs”) in
China) contributing to low AI prices, continue to drive a just-in-time purchasing approach by the channel.
Market Competition and the Company’s Market Share
The global crop protection market is dominated by seven multinational companies, including the Group, five of
which are originator companies. In the past decade, a number of mergers and acquisitions were completed among
the largest players in the crop protection indu
