Chinese agrochemical company Rainbow Chemical’s revenues jumped by 47.6% to RMB 14,460 million ($2,152.2 million at the average rate for the period) in its financial year ended December 31, 2022. Correspondingly, net profit surged 76.6% to RMB 1,413 million ($210.3 million). Overseas sales stood at RMB 14,160 million ($2,107.5 million) after climbing 49.3%, the business reports. However, domestic sales dropped by 3.2% to RMB 298 million ($44.4 million).
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