Core Viewpoint - The company, Lier Chemical (002258), stated that it obtains its shareholder register and number of shareholders from the China Securities Depository and Clearing Corporation, and it cannot access daily shareholder data at will. The company will disclose shareholder information periodically as required by the Shenzhen Stock Exchange [1]. Group 1 - The company confirmed that its shareholder data is sourced from the China Securities Depository and Clearing Corporation [1] - The company does not have the ability to freely access daily shareholder data [1] - The company will comply with Shenzhen Stock Exchange regulations for periodic disclosure of shareholder information [1]

1月26日晚，先达股份发布2025年度业绩预告，预计全年实现净利润1.35亿元至1.55亿元，上年同期该指 标为亏损2587.55万元，实现同比扭亏为盈。 近期农化行业多家公司业绩大幅预喜。记者梳理发现，目前已有20家农化上市公司披露业绩预告，其中 10家业绩预增、2家扭亏。 多家农化上市公司业绩预增 对于业绩预增的原因，先达股份表示，核心系公司主要产品烯草酮销售价格较上年同期显著上涨，推动 公司产品毛利率整体提升；本年度创制产品吡唑喹草酯系列成功上市并实现销售，进一步带动国内制剂 产品毛利率增长。 与此同时，公司持续推进运营改革，实施毛利分配方案，强化成本费用管控，整体运行效率不断提高。 不止先达股份，农药化工板块多家企业均2025年业绩高增。草铵膦头部企业利尔化学于1月23日发布 2025年度业绩快报。报告期内，公司实现营业收入约90.08亿元，同比增加23.21%；归母净利润约4.79 亿元，同比增加122.33%。 对于这一成绩，利尔化学称，2025年行业虽然依旧面临激烈市场竞争，但公司凭借部分产品需求增长， 综合毛利率同比有所上涨以及降本增效取得成效，最终带动业绩同比上涨。 1月22日，利民股份发布 ...

Core Viewpoint - The agricultural chemical industry is experiencing significant growth, with multiple companies reporting substantial increases in earnings for the year 2025, driven by rising product prices and improved operational efficiencies [1][2][3]. Group 1: Company Performance - Xinda Co. expects a net profit of 135 million to 155 million yuan for 2025, a turnaround from a loss of 25.87 million yuan in the previous year [1]. - Lier Chemical reported an estimated revenue of approximately 9.008 billion yuan for 2025, a year-on-year increase of 23.21%, with a net profit of about 479 million yuan, up 122.33% [2]. - Limin Co. anticipates a net profit of 465 million to 500 million yuan for 2025, representing a year-on-year growth of 471.55% to 514.57% [2]. - Dongfang Tieta expects a net profit of 1.08 billion to 1.27 billion yuan for 2025, reflecting a growth of 91.40% to 125.07% compared to the previous year [3]. Group 2: Industry Trends - The agricultural chemical sector is seeing a positive trend, with 20 listed companies having disclosed earnings forecasts, of which 10 are expected to see profit increases and 2 are expected to turn losses into profits [1]. - The recent policy changes regarding export tax rebates for agricultural chemicals are anticipated to boost industry sentiment, as companies may increase prices to maintain profitability amid rising export costs [4][5]. - The cancellation of export tax rebates is expected to lead to higher costs for exporters, prompting them to raise prices, which could support both volume and price increases in the agricultural chemical market [5].

证券研究报告 | 2026年01月24日 利尔化学（002258.SZ） 优于大市 2025 年业绩预计增长 122%，草铵膦涨价将使公司盈利修复 公司 2025 年度归母净利润预计增长 122.33%。利尔化学公布 2025 年度业绩 快报，全年公司预计实现营业总收入 90.08 亿元，同比增长 23.21%；实现营 业利润 7.22 亿元，同比增长 105.03%；实现归属于上市公司股东的净利润 4.79 亿元，同比增长 122.33%；扣非后归母净利润 4.79 亿元，同比增长 138.83%。 部分产品价格及产销量增长，与大客户合作加深。2025 年，公司业绩增长主 要受益于部分产品需求增长、综合毛利率同比上涨以及降本增效取得成效。 具体表现为：1）氯代吡啶类除草剂价格上涨及销量提升，如 2025 年毒莠定 /绿草定价格上涨，海外需求提升，销量增长。2）公司加快在精草铵膦海外 的自主登记，2024 年公司已在 8 个国家完成了精草铵膦制剂的登记工作，当 前海外的精草铵膦渗透率较低，公司精草铵膦出口数量持续提升。3）与大 客户的合作加深，2024 年公司第一大客户的销售数量大幅增长，同时公司与 科迪华成 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4][16] Core Views - The company is expected to achieve a 122.33% growth in net profit attributable to shareholders in 2025, with total revenue projected at 9.008 billion yuan, a year-on-year increase of 23.21% [1][9] - The growth in performance is primarily driven by increased demand for certain products, improved gross margins, and cost reduction measures [2][10] - The cancellation of export tax rebates for glyphosate is anticipated to further enhance profitability, as market prices are expected to rise [3][11] Summary by Sections Financial Performance - For 2025, the company forecasts total revenue of 9.008 billion yuan, with a net profit of 479 million yuan, reflecting a 122.33% increase [1][9] - The earnings per share (EPS) for 2025 is projected to be 0.60 yuan, with corresponding price-to-earnings (PE) ratios of 28.7, 22.1, and 17.9 for 2025, 2026, and 2027 respectively [4][16] Product and Market Dynamics - The company benefits from rising prices and sales volumes of chlorinated pyridine herbicides, with significant growth in overseas demand [2][10] - The company has accelerated the registration of its glyphosate products in international markets, enhancing its export capabilities [2][10] - Collaboration with major clients has deepened, contributing to increased sales and profitability [2][10][15] Industry Context - The cancellation of export tax rebates for glyphosate is expected to lead to further price increases in the market, benefiting the company's profitability [3][11] - The company is positioned as a leading player in the glyphosate and chlorinated pyridine herbicide markets, with expectations of increased market share following the exit of less competitive producers [3][11]

证券日报网讯 1月23日，利尔化学发布公告称，公司2025年实现营业总收入900，775.41万元，同比增长 23.21%；归属于上市公司股东的净利润47，876.71万元，同比增长122.33%。 （文章来源：证券日报） ...

智通财经APP讯，利尔化学(002258.SZ)披露2025年度业绩快报，公司2025年度营业总收入90.08亿元， 同比增长23.21%;归属于上市公司股东的净利润4.79亿元，同比增长122.33%;扣除非经常性损益后的归属 于上市公司股东的净利润4.79亿元，同比增长138.83%;基本每股收益0.5981元。 ...

利尔化学(002258.SZ)发布业绩快报，2025年营业总收入90.08亿元，同比增长23.21%，归属于上市公司 股东的净利润4.79亿元，同比增长122.33%。2025年，虽然依旧面临激烈市场竞争，但受益于公司部分 产品需求增长，综合毛利率同比有所上涨以及降本增效所取得的成效，带动公司业绩同比上涨。 ...

格隆汇1月23日丨利尔化学(002258.SZ)公布2025年度业绩快报，营业总收入900,775.41万元，同比增长 23.21%，归属于上市公司股东的净利润47,876.71万元，同比增长122.33%。2025年，虽然依旧面临激烈 市场竞争，但受益于公司部分产品需求增长，综合毛利率同比有所上涨以及降本增效所取得的成效，带 动公司业绩同比上涨。报告期内，公司营业总收入、营业利润、归属于上市公司股东的净利润分别较去 年同期分别上涨23.21%、105.03%、122.33%。 ...

每经AI快讯，1月23日，利尔化学发布业绩快报，2025年营业总收入90.08亿元，同比增长23.21%，归属 于上市公司股东的净利润4.79亿元，同比增长122.33%。2025年，虽然依旧面临激烈市场竞争，但受益 于公司部分产品需求增长，综合毛利率同比有所上涨以及降本增效所取得的成效，带动公司业绩同比上 涨。 ...