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May 6, 2008

Financial reports sample-Yara International

(Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial report translation)

Yara International
Yara is a leading chemical company that converts energy, natural minerals(天然矿物质) and nitrogen from the air into essential products (基本产品)for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions(农事解决方案), Yara helps provide food and bioenergy(生物能) for a growing and more affluent(日益增多) world population. The company’s industrial product portfolio(产品组合/产品系列) includes environmental protection agents(化学制品) that safeguard air and water purity and preserve food quality.

Yara’s business model
Yara’s business model is built on the complementary strengths(力量互补) and risk profiles(风险预测/风险描述) of the Company’s three business segments – Downstream, Industrial and Upstream.

The Upstream segment has a strong and efficient manufacturing base with energy as a main raw material. This is achieved through a global no. 1 position in ammonia, nitrate and NPK fertilizer production, as well as increased sourcing(采购) from low-cost natural gas regions and continuous focus on productivity improvements and simplification(简化). Upstream plants have a global reach(全球经营) and all products are sold through Downstream and Industrial. Smaller dedicated(专业化) plants for niche markets(利基市场/缝隙市场/有利可图的细分市场) are located(安排) in Downstream and Industrial. The production economics(经济效果) of Upstream plants are based on global commodity product prices and raw material sourcing prices(原材料采购价格).

The Downstream and Industrial segments are, however, basically margin businesses(增加毛利的业务), based on upgraded sales prices compared to global commodity prices. This provides additional and stable margins and reduces cyclicality(循环波动) in earnings. A knowledge margin(知识增值) is enhanced through partnerships with key specialty fertilizer players and industrial partners. This enables the Company to combine local knowledge and customer relations with a comprehensive and differentiated product offering(丰富多样的产品供应).

Yara’s global presence optimizes product flows to prevailing market conditions(普遍的市场状况) via its comprehensive local, regional and global market intelligence(情报), combined with a geographically balanced(地区平衡) production, storage and distribution network(生产、储存和分销网络).

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