Annual general meeting
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Annual General Meeting. Forward-looking Statements.

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Forward looking statements
Forward-looking Statements

The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results.

Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, investors should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on Migao’s business.

A different kind of fertilizer producer
A Different Kind of Fertilizer Producer…

Specialty Fertilizer Production (low-chloride)

Potassium Sulphate (SOP)

Potassium Nitrate (NOP)

Specialty Compound NPK + micronutrients and minerals

Serving China’s High-value Crops

Fruits, Vegetables, Tobacco, Cotton, Flowers


Our value proposition migao enables improved crop yields and quality
OUR VALUE PROPOSITIONMigao Enables Improved Crop Yields and Quality

Customer Applications



Three core products

High-value crops including

  • Increases yield

  • Enhances quality

  • Strengthens resistance to drought, disease

  • Lowers water usage

  • Higher returns for farmers

  • Potassium sulphate (SOP)

  • Potassium nitrate (NOP)

  • Specialty NPK

  • Tobacco

  • Fruits

  • Cotton

  • Flowers

  • Vegetables


  • Electroplating

  • Steel processing

  • Water treatment

  • Ammonium chloride

  • Hydrochloric acid

Annual general meeting

Amm. Chlor. Average Selling Price/MT (RMB)

Impact of hydrochloric acid
Impact of Hydrochloric Acid

Gross Profit

(Percentage of Revenue)

1 market leader a leading player in our markets
1. MARKET LEADER A Leading Player in Our Markets

Supplier of potassium nitrate (NOP) in China

Supplier of potassium sulphate (SOP) in China

Importer of potash into China




Facilities serve diverse geographies end markets
Facilities Serve Diverse Geographies / End Markets

Changchun Migao

Liaoning Migao

Tianjin Migao

Shanghai Migao

Sichuan Migao / SQM JV

Zunyi Migao

Guangdong Migao

Yunnan Migao




Continue to focus on core fertilizer business in China

  • Increased sales and marketing


Hydrochloric Acid

  • Explored applications, markets

  • Patience


Leverage customers and distribution channels

  • new products


Manage balance sheet effectively