Key takeaway

In 2025, the company achieved an operating revenue of RMB11.87bn, up 13.76% YoY. It achieved a net profit attributable to shareholders of the parent company of RMB1.286bn, up 6.98% YoY. The net profit attributable to shareholders of the parent company after deducting non-recurring profit or loss was RMB1.272bn, up 5.83% YoY. Amid demand fluctuations and supply chain adjustments in the global agrochemical industry, the company continuously consolidated and improved the scale advantage of its core technical material business. The net cash flow from operating activities for the year reached RMB2.217bn, up 2.88% YoY. This highlights its earnings quality and cash flow resilience. The construction and production activities of the Liaoning Youchuang project advanced smoothly and achieved profitability. The pyraclostrobin capacity expansion project was successfully put into production. The commercial promotion of innovative products and the company's capacity expansion laid a solid foundation for long-term growth.

Event

In 2025, the company achieved an operating revenue of RMB11.87bn, +13.75% YoY. The net profit attributable to shareholders of the parent company was RMB1.286bn, +6.99% YoY. The net profit after deducting non-recurring profit or loss was RMB1.272bn, +5.91% YoY. In 4Q25, the operating revenue was RMB2.714bn, +12.20% YoY and -7.15% QoQ. The net profit attributable to shareholders of the parent company was RMB231mn, +30.77% YoY and -7.41% QoQ. The net profit after deducting non-recurring profit or loss was RMB228mn, +13.43% YoY and -8.06% QoQ.

Risks:

Market demand continues to be sluggish: The prosperity of the pesticide industry in 2025 is relatively low. If the global agricultural demand continues to be sluggish in the future, or the pesticide demand continues to be sluggish due to extreme weather and other reasons, it may have an adverse impact on the company's performance. Risk of intensified industry competition: If enterprises in the industry expand the production of pesticide technicals or preparations and other products on a large scale in the future, it may cause a certain impact on the industry competition pattern and affect product profitability for a period of time. Risk of sharp fluctuations in raw material prices: Sharp fluctuations in the prices of basic chemical raw materials may bring uncertainty to the company's profitability. Safe production risk: If safety accidents occur due to improper operation in the production process and other reasons, it will have an impact on the company's profitability.