Core Viewpoint - Su Li Co., Ltd. (603585.SH) reported significant growth in revenue and net profit for Q3 2025, driven by a recovery in the agricultural chemical market and increased sales of key products [1] Financial Performance - Q3 revenue reached 762 million yuan, representing a year-on-year increase of 26.00% [1] - Q3 net profit was 59.42 million yuan, showing a remarkable year-on-year growth of 2750.24% [1] - For the first three quarters, revenue totaled 2.064 billion yuan, up 25.39% year-on-year [1] - Net profit for the first three quarters was 139 million yuan, reflecting a year-on-year increase of 1522.38% [1] Market Dynamics - The agricultural chemical market is gradually recovering, contributing to the growth in sales of active ingredients and pesticide formulations [1] - Key products such as Bacillus subtilis, pyraclostrobin, and azoxystrobin saw increased sales volumes and higher unit prices, leading to revenue and gross profit growth [1]

Market Overview - The agricultural chemical sector saw a slight increase of 0.02% on October 28, with Chengxing Co. leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Top Performers - Chengxing Co. (600078) closed at 9.63, up 10.06% with a trading volume of 515,900 shares and a transaction value of 479 million [1] - Dongfang Tieta (002545) closed at 16.87, up 7.25% with a trading volume of 599,200 shares and a transaction value of 1.012 billion [1] - Suli Co. (603585) closed at 20.14, up 5.33% with a trading volume of 103,800 shares and a transaction value of 204 million [1] Underperformers - Nongxin Technology (001231) closed at 25.66, down 10.00% with a trading volume of 170,100 shares and a transaction value of 466 million [2] - Lanfeng Biochemical (002513) closed at 8.00, down 8.05% with a trading volume of 744,400 shares and a transaction value of 607 million [2] - Lianhua Technology (002250) closed at 11.40, down 5.94% with a trading volume of 858,700 shares and a transaction value of 983 million [2] Capital Flow - The agricultural chemical sector experienced a net outflow of 222 million from institutional investors, while retail investors saw a net inflow of 181 million [2] - The top net inflows from retail investors were observed in Dongfang Tieta (002545) with 78.43 million, while Chengxing Co. (600078) saw a net outflow of 42.07 million [3]

一、本次募集资金现金管理到期赎回情况 近日，公司如期赎回闲置募集资金购买的已到期理财产品，赎回本金共计 人民币 7,000 万元，实际获得收益合计人民币 82,213.39 元。前述本金及收益 已全部归还至募集资金专户，具体赎回情况如下： | 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 江苏苏利精细化工股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 江苏苏利精细化工股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召开第五届董事会第四次会议及第五届监事会第二次会议，审议通过了《关 于使用部分闲置募集资金及自有资金进行现金管理的议案》，同意公司使用额度 不超过 3.00 亿元的闲置募集资金购买安全性高、流动性好、有保本约定的理财 产品或存款类产品，投资产品的期限不超过 12 个月。公司董事会、监事会及保 ...

2025 年第三季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所《上市公司行业信息披露指引第十三号-化工》的要求， 江苏苏利精细化工股份有限公司（以下简称"公司"）现将 2025 年第三季度（1-9 月）主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 产量 | 销量 | 营业收入 | | --- | --- | --- | --- | | | （吨） | （吨） | （万元） | | 农药及农药中间体 | 37,569.33 | 37,187.46 | 131,643.84 | | 阻燃剂及阻燃剂中 间体 | 16,205.02 | 15,395.19 | 56,186.61 | | 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-078 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 江苏苏利精细化工股份有限公司 1 | 4,6-二氯嘧啶 | 6.95 | 7.63 ...

江苏苏利精细化工股份有限公司（以下简称"公司"）于2025年10月28日召开 第五届董事会第七次会议，审议通过《关于计提资产减值准备的议案》。具体情况 如下： 一、本次计提资产减值准备情况概述 证券代码:603585 证券简称:苏利股份 公告编号:2025-079 转债代码:113640 转债简称:苏利转债 江苏苏利精细化工股份有限公司 关于计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 公司本次计提资产减值准备，是依照《企业会计准则第8号—资产减值》、《企 业会计准则第22号—金融工具确认和计量》及公司会计政策的相关规定进行的。公 司及下属子公司对2025年前三季度各类应收款项、资产等进行了清查，对各类应收 款项回收的可能性、资产的可收回金额进行了充分的评估和分析。 根据《企业会计准则》及公司会计政策等相关规定，为客观地反映公司2025年 前三季度经营成果，对公司截至2025年9月30日合并报表范围内存在减值迹象的资产 进行了减值测试，对可能出现资产减值的有关资产计提相应减值准备。经测试，202 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥761,936,932.21, representing a year-on-year increase of 26.00%[4] - The total profit for the quarter was ¥82,510,125.00, showing a significant increase of 834.19% compared to the same period last year[4] - Net profit attributable to shareholders was ¥59,418,132.84, reflecting a remarkable increase of 2,750.24% year-on-year[4] - The basic earnings per share for the quarter was ¥0.33, an increase of 3,200.00% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥2,064,484,483.86, a 25.4% increase from ¥1,646,385,605.57 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥188,925,069.23, compared to ¥17,736,869.75 in the first three quarters of 2024, indicating a significant improvement[21] - Net profit for the first three quarters of 2025 was ¥151,744,568.41, up from ¥8,334,767.10 in the same period of 2024, reflecting a strong growth trajectory[21] - Basic earnings per share for the first three quarters of 2025 were ¥0.77, compared to ¥0.05 in the same period of 2024, showing substantial earnings growth[22] - The total comprehensive income for the first three quarters of 2025 was ¥151,739,552.89, significantly higher than ¥8,319,169.21 in the same period of 2024, indicating overall financial improvement[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,626,369,860.50, a decrease of 2.01% from the end of the previous year[4] - The equity attributable to shareholders increased to ¥2,653,104,400.82, marking a growth of 7.63% compared to the end of last year[4] - Total liabilities decreased to ¥2,236,237,251.40 in 2025 from ¥2,552,327,822.82 in 2024, indicating improved financial health[18] - Total equity increased to ¥3,390,132,609.10 in 2025 from ¥3,189,543,628.34 in 2024, reflecting a stronger capital position[18] - Total non-current assets reached RMB 3,681,102,132.17, slightly up from RMB 3,620,251,038.47, showing a growth of about 1.7%[16] - Total assets decreased to RMB 5,626,369,860.50 from RMB 5,741,871,451.16, a decline of approximately 2.0%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥352,156,222.01, indicating improved operational efficiency[4] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 2,045,578,753.45, an increase of 20.5% compared to CNY 1,697,822,145.95 in the same period of 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 352,156,222.01, a significant recovery from a net outflow of CNY 6,523,151.34 in 2024[24] - Cash inflow from investment activities in the first three quarters of 2025 was CNY 780,756,408.31, up from CNY 693,457,868.20 in 2024, marking an increase of approximately 12.6%[24] - The net cash flow from investment activities was -CNY 396,985,789.47 in 2025, an improvement compared to -CNY 823,922,365.70 in 2024[24] - The cash inflow from financing activities in the first three quarters of 2025 was CNY 104,662,233.03, down from CNY 311,222,626.43 in 2024[24] - The net cash flow from financing activities was CNY 15,682,350.37 in 2025, a decrease from CNY 89,348,358.39 in 2024[24] - The total cash and cash equivalents at the end of the third quarter of 2025 was CNY 267,653,377.86, down from CNY 362,049,599.90 at the end of the same period in 2024[24] Operational Insights - The increase in revenue and gross profit was driven by higher sales of key agricultural products, including an increase in the unit price of certain raw materials[11] - The company plans to continue expanding its market presence and product lines to sustain growth momentum in the upcoming quarters[11] - The company reported a government subsidy of ¥650,250.00 for the quarter, contributing positively to the financial results[6] - The company has no significant changes in the shareholder structure or any new strategies reported during the conference call[15] - Research and development expenses for the first three quarters of 2025 were ¥84,876,317.38, down from ¥97,130,126.17 in the same period of 2024, suggesting a potential shift in R&D strategy[20] - The company reported a total operating cost of ¥1,879,523,162.14 for the first three quarters of 2025, compared to ¥1,639,556,206.48 in 2024, indicating rising operational expenses[20] - The company’s investment income for the first three quarters of 2025 was ¥5,803,620.55, down from ¥9,362,126.39 in the same period of 2024, highlighting a decline in investment performance[20] Current Assets and Liabilities - As of September 30, 2025, total current assets amounted to RMB 1,945,267,728.33, a decrease from RMB 2,121,620,412.69 as of December 31, 2024, representing a decline of approximately 8.3%[15] - Cash and cash equivalents decreased to RMB 318,949,047.29 from RMB 443,041,463.42, reflecting a reduction of about 28.2%[15] - Accounts receivable increased to RMB 586,137,047.22 from RMB 471,470,125.82, indicating a growth of approximately 24.3%[15] - Inventory rose to RMB 495,083,968.59 from RMB 423,164,812.11, marking an increase of around 17.0%[15] - Short-term borrowings decreased to RMB 61,180,236.70 from RMB 69,942,323.84, reflecting a reduction of about 12.5%[16] - Accounts payable decreased to RMB 556,239,034.83 from RMB 619,703,288.80, indicating a decline of approximately 10.2%[16] - The company reported a significant increase in prepayments, rising to RMB 27,697,836.51 from RMB 21,002,007.60, which is an increase of about 31.9%[15] - The company paid CNY 1,334,518,237.82 for goods and services in the first three quarters of 2025, a decrease from CNY 1,402,916,211.48 in 2024[23] - The company reported a cash outflow of CNY 49,781,009.31 for taxes in 2025, significantly higher than CNY 17,673,454.76 in 2024, indicating increased tax obligations[24]

Core Viewpoint - Su Li Co., Ltd. (603585) reported significant growth in its Q3 2025 financial results, driven by a recovery in the agricultural chemical market and increased sales of key products [1] Financial Performance - Q3 revenue reached 762 million yuan, representing a year-on-year increase of 26% [1] - Net profit for Q3 was 59.42 million yuan, showing a remarkable year-on-year growth of 2750.24% [1] - For the first three quarters, net profit totaled 139 million yuan, reflecting a year-on-year increase of 1522.38% [1] Market Factors - The performance improvement is attributed to the gradual recovery of the agricultural chemical market [1] - Increased sales of active ingredients such as Bacillus subtilis, pyraclostrobin, and azoxystrobin contributed to revenue and gross profit growth [1] - The rise in the unit price of Bacillus subtilis also played a significant role in enhancing income [1]

| 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-077 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 江苏苏利精细化工股份有限公司 第五届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 本议案在提交董事会前已经公司第五届董事会审计委员会第三次会议审议通过。 表决情况：赞成 9 票，反对 0 票，弃权 0 票。 2、审议《关于计提资产减值准备的议案》 具体内容详见公司于同日披露的《江苏苏利精细化工股份有限公司关于计提资产 减值准备的公告》。 本议案在提交董事会前已经公司第五届董事会审计委员会第三次会议审议通过。 表决情况：赞成 9 票，反对 0 票，弃权 0 票。 特此公告。 江苏苏利精细化工股份有限公司 董事会 江苏苏利精细化工股份有限公司（以下简称"公司"）第五届董事会第七次会议 通知于 2025 年 10 月 22 日以电子邮件及电话方式通知各位董事，会议于 2025 年 10 月 ...

Core Insights - Sulih Holdings (603585.SH) reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 762 million yuan, a year-on-year growth of 26.00%, and net profit at 59.42 million yuan, a remarkable increase of 2750.24% [1] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 2.064 billion yuan, reflecting a year-on-year growth of 25.39%, while net profit stood at 139 million yuan, marking a substantial increase of 1522.38% [1] - The growth in revenue and gross profit was driven by the recovery in the agrochemical market, increased sales of active ingredients such as Bacillus thuringiensis, pyraclostrobin, and azoxystrobin, as well as a rise in the unit price of Bacillus thuringiensis [1] Cost Factors - Despite the positive financial results, the company faced challenges including increased depreciation and amortization from new production lines, as well as rising energy and labor costs [1]

Core Viewpoint - Su Li Co., Ltd. reported significant growth in both revenue and net profit for the third quarter of 2025, indicating strong operational performance and financial health [1] Financial Performance - In Q3 2025, the company achieved a revenue of 762 million yuan, representing a year-on-year increase of 26% [1] - The net profit attributable to shareholders reached 59.42 million yuan, showing a remarkable year-on-year growth of 2750.24% [1] - Basic earnings per share for Q3 2025 were 0.33 yuan [1] Year-to-Date Results - For the first three quarters of 2025, the company reported a total revenue of 2.064 billion yuan, which is a year-on-year increase of 25.39% [1] - The net profit attributable to shareholders for the first three quarters was 139 million yuan, reflecting a substantial year-on-year growth of 1522.38% [1] - Basic earnings per share for the first three quarters were 0.77 yuan [1]