29/01/2018 08:23 China BlueChemical plans to report CNY50m-80 m ( $ 8m-12 m ) in net profit for the 2017 financial year , helped by higher selling prices on its products and impairment losses . The net profit stands in contrast to the company 's recorded net loss of around CNY216 m for the previous year . A run up in raw material costs led to testing and aggregate impairment losses of CNY420m-460 m being recognised on the Huahe Coal Chemical 's coal - based urea plant and on Dayukou Chemical 's phosphate and compound fertiliser plants .
China BlueChemical plans to report CNY50m-80 m ( $ 8m-12 m ) in net profit for the 2017 financial year , helped by higher selling prices on its products and impairment losses . The net profit stands in contrast to the company 's recorded net loss of around CNY216 m for the previous year . A run up in raw material costs led to testing and aggregate impairment losses of CNY420m-460 m being recognised on the Huahe Coal Chemical 's coal - based urea plant and on Dayukou Chemical 's phosphate and compound fertiliser plants .