四川国光农化股份有限公司 投资者关系活动记录表 证券简称：国光股份 债券简称：国光转债 证券代码： 002749 债券代码： 128123 四川国光农化股份有限公司投资者关系活动记录表 编号：2022-017 | --- | --- | --- | |-------------------------|-----------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Revenue and Profit - Revenue for Q3 2022 reached ¥365,414,799.72, an increase of 21.70% year-over-year[5] - Net profit attributable to shareholders was ¥23,252,975.14, a decrease of 45.43% compared to the same period last year[5] - Net profit excluding non-recurring gains and losses was ¥21,657,144.59, down 46.38% year-over-year[5] - The company's operating revenue for the first nine months of 2022 was approximately CNY 1.24 billion, representing a year-on-year increase of 30.23% compared to CNY 952.80 million in the same period of 2021[11] - Total operating revenue for the third quarter reached ¥1,240,846,743.86, an increase of 30.2% compared to ¥952,803,228.34 in the same period last year[22] - Net profit for the period was CNY 29,282,178.75, a decrease from CNY 33,689,130.84 in the previous period, representing a decline of approximately 13.4%[28] - Total operating income for the period was CNY 1,177,052,859.00, up from CNY 980,532,041.24, indicating an increase of about 20.1%[29] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,270,001,646.83, reflecting a 14.93% increase from the end of the previous year[5] - Total liabilities increased to ¥625,502,873.83 from ¥558,889,364.34, reflecting a growth of 11.9%[22] - Non-current assets totaled ¥804,801,497.12, up from ¥450,028,172.82, representing an increase of 78.8%[22] - Deferred income tax liabilities increased to ¥17,198,622.82 from ¥4,074,038.42, a significant rise of 321.5%[22] Shareholders' Equity - Shareholders' equity attributable to the parent company increased to ¥1,492,729,431.36, a rise of 6.03% compared to the end of last year[5] - The company's equity attributable to shareholders reached ¥1,492,729,431.36, compared to ¥1,407,809,269.06, an increase of 6.0%[22] Cash Flow - Cash flow from operating activities for the year-to-date was ¥24,373,880.92, down 88.17% year-over-year[5] - Cash flow from financing activities increased by 190.59% to CNY 32.11 million, compared to CNY 11.05 million in the previous year, mainly due to an increase in commercial acceptance bill discounts received[11] - Cash and cash equivalents at the end of the period were CNY 871,559,263.38, down from CNY 1,019,108,831.79, a decrease of about 14.5%[32] Operating Costs and Expenses - Operating costs increased by 49.87% to CNY 762.46 million, up from CNY 508.73 million, primarily due to changes in the scope of consolidation, sales growth, and rising raw material costs[11] - Total operating costs amounted to ¥1,053,573,193.39, up 42.5% from ¥738,494,257.33 year-on-year[22] - The company reported a decrease in operating profit to CNY 199,209,890.05 from CNY 220,884,250.79, a decline of about 9.8%[28] - Research and development expenses increased to CNY 40,308,018.84 from CNY 34,824,289.19, reflecting a growth of approximately 15.2%[28] Other Financial Metrics - The company reported a significant increase in goodwill by 959.38% due to the acquisition of Hebi Quanfeng[8] - Accounts receivable increased by 81.53% to ¥65,078,002.10, primarily due to changes in consolidation scope and increased sales on credit[8] - Inventory rose by 47.56% to ¥384,829,864.28, attributed to changes in consolidation scope and increased sales preparation[8] - The company recorded a 322.15% increase in deferred income tax liabilities, mainly due to the acquisition of Hebi Quanfeng[8] - The company experienced a 99.28% decrease in cash recovered from investments, dropping to CNY 72,000 from CNY 9.99 million, attributed to reduced cash recovery from financial products[11] - The company incurred financial expenses of CNY 841,909.45, compared to a financial income of CNY -4,089,126.87 in the previous period[28] - Investment activities resulted in a net cash outflow of CNY -196,982,684.09, compared to a net outflow of CNY -62,626,419.33 in the previous period[31] Employee Compensation - The company reported a 49.23% increase in cash paid to employees, amounting to CNY 179.00 million, compared to CNY 119.95 million in the previous year, mainly due to changes in the scope of consolidation and increased employee bonuses[11] - The company reported a decrease in employee compensation payable to ¥54,827,856.81 from ¥67,402,066.69, a decline of 18.9%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,223, with the largest shareholder, Yan Changxu, holding 37.00% of the shares[12] Audit Status - The third quarter report of Sichuan Guoguang Agricultural Chemical Co., Ltd. is unaudited[33]

证券代码：002749 证券简称：国光股份 公告编号：2022-060 号 债券代码：128123 债券简称：国光转债 四川国光农化股份有限公司 关于参加四川辖区上市公司 2022 年投资者网上集体接待日活动的公 告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，四川国光农化股份有限公司（以下简称"公 司"）将参加由四川省证监局、四川省上市公司协会与深圳市全景网络有限公司联合举 办的"2022 年四川辖区上市公司投资者集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与本 次互动交流，活动时间为 2022 年 9 月 16 日（星期五） 15:00-17:00。届时公司董事长 /总裁颜亚奇先生、董事/董事会秘书/副总裁何颉先生、财务总监庄万福女士将在线就 公司发展战略、经营状况、公司治理、风险防控、投资者保护等投资者所关心的问题， 与投资者进行沟通与交流，欢迎广大投资者踊跃参与 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥875,431,944.14, representing a 34.16% increase compared to ¥652,545,645.93 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 3.67% to ¥140,447,341.36 from ¥145,797,737.80 year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 8.89% to ¥130,587,494.82 compared to ¥143,335,904.41 in the previous year[25]. - The net cash flow from operating activities was negative at -¥18,089,226.54, a significant decline of 110.77% from ¥168,004,759.89 in the same period last year[25]. - Basic earnings per share decreased by 2.94% to ¥0.33 from ¥0.34 year-on-year[25]. - Total assets increased by 15.72% to ¥2,285,634,078.88 from ¥1,975,128,693.00 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company rose by 4.38% to ¥1,469,470,656.21 from ¥1,407,809,269.06 at the end of the previous year[25]. - The weighted average return on net assets was 9.61%, down from 10.83% in the previous year, a decrease of 1.22%[25]. - The company reported a total of 286 million in sales, with a breakdown of 114 million from pesticides, 69 million from fertilizers, and 49 million from other products[47]. - The company's revenue for the first half of 2022 was approximately ¥875.43 million, representing a year-on-year increase of 34.16% due to sales growth and changes in the consolidation scope[58]. - The cost of sales increased by 56.64% year-on-year to approximately ¥525.26 million, primarily due to sales growth, changes in the consolidation scope, and rising raw material costs[60]. - Research and development investment rose by 20.39% year-on-year to approximately ¥24.07 million, reflecting the company's commitment to innovation in the plant growth regulator sector[60]. Market Position and Strategy - The company has a strong market position in the plant growth regulator sector, being the largest in terms of registered products in China[33]. - Since 2019, the company has made strategic acquisitions, including full ownership of Yier Shuangfeng and controlling stakes in Haozhida and Hebi Quanfeng, enhancing its product structure and competitive advantage[33]. - The pesticide industry in China is undergoing consolidation, with the number of production enterprises decreasing from approximately 2,000 in 2014 to about 1,700 by the end of 2020[34]. - The market for environmentally friendly pesticide products is growing, driven by increased consumer awareness and demand for "green, healthy, and pollution-free" food[35]. - The company focuses on technical services and has established a strong brand in the plant growth regulator market, emphasizing the importance of technology in its offerings[33]. - The non-agricultural pesticide market is expanding, driven by urban landscaping and ecological restoration needs[37]. - The company operates in a highly regulated industry with significant entry barriers, including strict licensing and registration requirements for pesticide production[36]. - The company has a competitive advantage in the water-soluble fertilizer sector, particularly with amino acid water-soluble fertilizers, which are essential for high-end markets[44]. - The company is positioned as a leader in the water-soluble fertilizer industry, leveraging its experience and product range to enhance competitiveness[44]. - The company’s products are designed to integrate water and fertilizer solutions, enhancing the effectiveness of its offerings in the agricultural market[44]. Risks and Challenges - The company faces risks of declining gross margins and performance due to intensified market competition in the plant growth regulators and water-soluble fertilizers sectors, which have high profit margins that may attract new entrants[110]. - Fluctuations in the prices of chemical raw materials directly impact production costs, potentially affecting the company's profitability if it cannot effectively transfer these costs or innovate to offset them[110]. - The sustainability of the company's higher gross margin compared to industry peers is at risk due to potential changes in national safety and environmental policies, which could increase competition and operational challenges[110]. - The company may face increased operational costs due to stricter environmental standards, impacting profit levels as the government continues to enhance environmental protection efforts[111]. - The ongoing COVID-19 pandemic presents uncertainties in procurement, logistics, production, and sales, affecting overall business operations[122]. Environmental and Safety Compliance - The company has implemented comprehensive environmental protection measures and obtained relevant certifications, but risks of temporary pollution exceedances still exist, which could lead to penalties[111]. - The company has established a waste treatment facility with a capacity of 30m³/d for wastewater processing[148]. - The company has implemented strict pollution control measures for waste gas, wastewater, solid waste, and noise during production[148]. - The company has received ISO9001:2015, ISO14001:2015, and ISO45001:2018 certifications for quality, environmental, and occupational health and safety management systems[148]. - The company has conducted self-monitoring of environmental emissions, including quarterly and semi-annual assessments[148]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[157]. - The company established a safety management department responsible for overseeing safety production, with no major safety hazards reported during inspections by local authorities[158]. - The company implemented over 50 safety production management systems, including risk identification and safety education training, to enhance safety standards[159]. Investment and Acquisitions - The company invested 270 million to acquire a controlling stake in Hebi Quanfeng, enhancing its raw material supply and product matrix[52]. - The company completed the acquisition of Hebi Quanfeng Biotechnology Co., holding a 51% stake for an investment of CNY 270 million[79]. - The company reported a net profit of CNY 15 million from the investment in Hebi Quanfeng, with a total investment gain of CNY 16.004 million[79]. - The company has invested CNY 1.26226 million in the production line relocation project, achieving 8.71% of the planned investment[89]. - The company has also invested CNY 407.2 million in the water-soluble fertilizer production project, reaching 4.29% of the planned investment[89]. Shareholder and Corporate Governance - The company held its annual shareholder meeting on May 9, 2022, with a participation rate of 51.28%[126]. - The company plans no cash dividends or stock bonuses for the half-year period, maintaining capital for reinvestment[128]. - The company has implemented a stock incentive plan, granting 5.48 million restricted shares to 208 employees, with a portion of these shares becoming tradable in May 2022[129]. - The company has not made any changes to its fundraising projects during the reporting period[94]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[168].

四川国光农化股份有限公司 2022 年第一季度报告全文 债券代码：128123 债券简称：国光转债 四川国光农化股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 1 证券代码：002749 证券简称：国光股份 公告编号：2022-028 号 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | | | | | ...

Financial Performance - The company's operating revenue for 2021 was ¥1,358,479,187.98, representing a 17.11% increase compared to ¥1,160,043,313.74 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥206,171,824.15, up 20.68% from ¥170,843,885.83 in 2020[26]. - The net profit after deducting non-recurring gains and losses was ¥199,322,008.54, a decrease of 10.72% from ¥223,255,994.87 in 2020[26]. - The net cash flow from operating activities increased by 56.71% to ¥328,031,486.80 from ¥209,320,213.31 in 2020[26]. - The total assets at the end of 2021 were ¥1,975,128,693.00, reflecting a 13.10% increase from ¥1,746,318,076.60 at the end of 2020[26]. - The weighted average return on equity for 2021 was 15.52%, up from 14.90% in 2020[26]. - The basic earnings per share for 2021 was ¥0.48, a 20.00% increase from ¥0.40 in 2020[26]. - The total revenue for the company in 2021 was approximately CNY 1.36 billion, representing a year-on-year increase of 19.40%[120]. - The revenue from the chemical raw materials and chemical products manufacturing industry was CNY 1.35 billion, with a gross margin of 44.56%[120]. - The sales volume of pesticides increased by 26.86% year-on-year, reaching 55,024,225 kg in 2021[122]. Dividend and Shareholder Information - The company reported a cash dividend of 2.20 CNY per 10 shares (including tax) to all shareholders[6]. - The company has not undergone any changes in its controlling shareholders since its listing[24]. - The company has not changed its main business since its listing, indicating stability in operations[24]. Market Position and Product Offerings - The company operates in the agricultural sector, which is crucial for national food security and is expected to see growth due to increasing demand for pesticides and plant growth regulators[39]. - The company holds 204 pesticide registrations and 80 fertilizer registrations as of the end of 2021, making it the enterprise with the most registered products in the domestic plant growth regulator sector[41]. - The company specializes in amino acid soluble fertilizers and large element soluble fertilizers, which are crucial for enhancing crop yield and quality[50]. - The company has a competitive advantage in the amino acid soluble fertilizer segment due to its early entry and accumulated technical expertise in the industry[50]. - The company’s product offerings include a wide range of plant growth regulators that enhance plant growth and improve crop quality[55]. Research and Development - The company is actively involved in research and development to enhance its product portfolio and maintain competitive advantages in the agricultural sector[84]. - The company has developed several patents for its products, ensuring a competitive edge in safety and efficacy[80]. - The company is focusing on research and development of new technologies, as evidenced by the introduction of innovative formulations like 0.1% microemulsion of Tridecanol[95]. Regulatory Compliance and Risks - The company has received various permits, including a pesticide business license valid until July 31, 2023, and a hazardous chemicals business license valid until May 18, 2024[82]. - The company is currently applying for or has obtained environmental assessment approvals, indicating ongoing compliance with regulatory requirements[82]. - The company faces risks related to concentrated shareholding, with significant influence from major shareholders on its operations and strategies[180]. - The company is exposed to market competition risks, particularly in the plant growth regulator sector, which may lead to declining gross margins and performance[182]. Strategic Initiatives and Future Outlook - The company aims to leverage its technological advancements to enhance market presence and capitalize on the growing demand for agricultural efficiency[41]. - The company is focusing on market expansion with new registrations, including 200 billion spores per gram of Bacillus subtilis, targeting the biopesticide segment[88]. - The company plans to improve technical service levels by adopting a crop-oriented approach and expanding its market reach, focusing on key regions and crops[179]. - The company anticipates accelerated industry consolidation, with a focus on larger, more competitive enterprises in the pesticide sector[174]. Operational Efficiency and Production - The company employs a "sales-based production" model for water-soluble fertilizers, adjusting production based on order quantities[78]. - The production capacity utilization rate for pesticide raw materials is 24.92%, while the utilization rate for fertilizers is 92.34%[80]. - The company has introduced advanced intelligent production and management systems to improve production efficiency and product quality[117]. Environmental and Sustainability Efforts - The company emphasizes the importance of water-soluble fertilizers in the context of China's advocacy for water-saving agriculture and pollution-free agricultural products[50]. - The company is committed to sustainability by developing fertilizers that meet environmental standards while improving crop yields[103]. - The company is focusing on sustainability, with plans to reduce carbon emissions by 25% by 2025 through eco-friendly practices[99].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 652,545,645.93, representing an increase of 8.12% compared to CNY 603,516,796.75 in the same period last year[26]. - The net profit attributable to shareholders for the first half of 2021 was CNY 145,797,737.80, a decrease of 4.27% from CNY 152,298,598.63 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 143,335,904.41, down by 4.91% compared to CNY 150,732,402.46 last year[26]. - The net cash flow from operating activities increased by 45.05% to CNY 168,004,759.89, compared to CNY 115,823,995.70 in the same period last year[26]. - The total assets at the end of the reporting period were CNY 1,860,632,578.36, reflecting a growth of 6.55% from CNY 1,746,318,076.60 at the end of the previous year[26]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,330,022,922.10, an increase of 4.41% from CNY 1,273,851,988.93 at the end of the previous year[26]. - The basic earnings per share for the first half of 2021 were CNY 0.34, a decrease of 5.56% from CNY 0.36 in the same period last year[26]. - The diluted earnings per share were also CNY 0.34, down by 5.56% compared to CNY 0.36 last year[26]. - The weighted average return on net assets was 10.83%, a decrease of 2.12% from 12.95% in the previous year[26]. Market Position and Industry Trends - The company has a strong market position in the plant growth regulator sector, being the largest in terms of product registration in China, with a focus on high-end water-soluble fertilizers and pesticide formulations[32]. - The agricultural pesticide industry in China is experiencing a consolidation phase, with the number of scale enterprises decreasing from 986 in 2010 to 693 in 2020, indicating a trend towards higher industry concentration[34]. - The total assets of the pesticide industry reached CNY 281.57 billion in 2020, with a year-on-year growth of 5.9%, while the main business income was CNY 228.06 billion, growing by 6.1%[33]. - The demand for environmentally friendly pesticide products is increasing, driven by rising income levels and heightened environmental awareness among consumers[36]. - The market for plant growth regulators is expected to expand continuously, as they are essential for producing high-quality agricultural products and ensuring food safety[32]. - The market size of plant growth regulators in China increased from RMB 3.358 billion in 2011 to RMB 6.391 billion in 2017, with a compound annual growth rate (CAGR) of 11.32%, surpassing the growth rate of the pesticide industry[40]. - The potential market capacity for plant growth regulators in major crops and non-agricultural areas is estimated to reach RMB 630 billion, indicating significant future growth potential compared to the actual sales revenue of RMB 6.391 billion in 2017[40]. Product Development and Innovation - The company has enhanced its product structure through acquisitions, including the full acquisition of Chongqing Yier Shuangfeng Technology Co., Ltd. and the controlling stake in Shanxi Haozhida Biotechnology Co., Ltd.[32]. - The company emphasizes the importance of technical services in its product offerings, focusing on the "three adjustments" strategy: regulators, control technology, and control packages[32]. - The pesticide industry is characterized by a predominance of generic products, leading to significant product homogeneity and a slow pace of innovation due to limited R&D investment[36]. - The company operates in a strictly regulated environment, with various licensing and quality management systems in place to ensure high standards in pesticide production[33]. - The company utilizes advanced chelation technology in its amino acid water-soluble fertilizers, which significantly enhances crop yield and quality across various types of crops[52]. - The macro-element water-soluble fertilizers are composed mainly of nitrogen, phosphorus, and potassium, designed for easy absorption and applicable in various cultivation methods[53]. Environmental and Regulatory Compliance - The company is committed to environmental protection, adhering to national regulations for environmental impact assessments and ensuring that pollution control facilities are integrated into production processes[43]. - The company has established a comprehensive wastewater treatment facility and other environmental monitoring facilities to manage pollution effectively[116]. - The company reported no exceedance of pollutant discharge limits across various monitored pollutants, including ammonia nitrogen and chemical oxygen demand[116]. - The company has implemented a robust emergency response plan for environmental incidents, which has been filed with the Chengdu Ecological Environment Bureau[120]. - The company adheres to national and local environmental protection laws and has established an environmental management system certified under ISO standards[116]. - The company invested a total of CNY 1,425,176.49 in environmental protection measures during the first half of 2021[118]. Sales and Marketing Strategy - The company adopts a "production based on sales" model for its water-soluble fertilizers, aligning production with order quantities to optimize inventory management[54]. - The sales network primarily consists of distributors, with 95% of the distributors located at the county level, enhancing market penetration[55]. - The company emphasizes technical marketing, providing services to improve agricultural practices and support distributors in sales efforts[55]. - The company has established strict quality control measures for its contracted processing partners to ensure product quality[54]. - The company has nearly 4,000 distributors, ensuring a comprehensive marketing network that covers major counties and districts across the country[58]. Financial Management and Investments - The company aims to overcome capacity bottlenecks by promoting IPO fundraising projects and convertible bond projects[63]. - The total investment during the reporting period was CNY 62,001,706, representing an increase of 89.63% compared to CNY 32,696,679 in the previous year[77]. - The company’s financial expenses decreased by 60.83% to CNY -3,725,564, primarily due to lower interest expenses on convertible bonds[71]. - The company has a credit rating of "AA-" for its convertible bonds, with ongoing monitoring by Zhongzheng Pengyuan for any changes in operating environment or financial status[99]. - The convertible bonds are secured by share pledges and guarantees, covering 100% of the principal and interest, ensuring timely repayment to bondholders[99]. Risks and Challenges - The company faces high technical barriers to entry in the pesticide market, which is reinforced by stringent environmental regulations and the need for advanced application technologies[43]. - The company faces increased operational costs due to stricter environmental protection standards, which may impact profit levels[94]. - The company anticipates a substantial increase in pesticide and fertilizer production capacity, which may not be fully absorbed by the market in the short term[94]. - The company may face risks related to the delayed acquisition of new land for fundraising projects due to changes in land management laws[94]. - Extreme weather events and climate changes could significantly impact the agricultural chemicals industry, affecting the company's operations[104]. Shareholder and Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 12,411, with a significant shareholder, Yan Changxu, holding 36.92% of the shares[181]. - The company has not implemented any share repurchase plans during the reporting period[178]. - The company’s stock incentive plans include 199 incentive objects under the 2021 plan, with 4,307,130 shares under lock-up[180]. - The company has not engaged in any agreed repurchase transactions during the reporting period[186]. - The top ten unrestricted ordinary shareholders did not engage in any repurchase transactions during the reporting period[190].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 652,545,645.93, representing an increase of 8.12% compared to CNY 603,516,796.75 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 145,797,737.80, a decrease of 4.27% from CNY 152,298,598.63 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 143,335,904.41, down 4.91% from CNY 150,732,402.46 year-on-year[25]. - The net cash flow from operating activities increased by 45.05% to CNY 168,004,759.89, compared to CNY 115,823,995.70 in the same period last year[25]. - The basic earnings per share were CNY 0.34, a decrease of 5.56% from CNY 0.36 in the previous year[25]. - The total assets at the end of the reporting period were CNY 1,860,632,578.36, an increase of 6.55% from CNY 1,746,318,076.60 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 1,330,022,922.10, up 4.41% from CNY 1,273,851,988.93 at the end of the previous year[25]. - The weighted average return on net assets was 10.83%, down from 12.95% in the previous year, a decrease of 2.12%[25]. Market Position and Industry Trends - The company has a strong market position in the plant growth regulator sector, being the largest producer of registered products in China, with a focus on technical services and high-end water-soluble fertilizers[33]. - The agricultural pesticide industry in China is experiencing a consolidation phase, with the number of large-scale enterprises decreasing from 986 in 2010 to 693 in 2020, indicating a trend towards higher industry concentration[35]. - The total assets of the pesticide industry reached ¥2,815.67 billion in 2020, with a year-on-year growth of 5.9%, and the main business income was ¥2,280.58 billion, up 6.1%[34]. - The demand for environmentally friendly pesticide products is increasing, driven by rising income levels and environmental awareness, indicating a significant market potential for green and safe agricultural inputs[37]. - The pesticide industry is subject to strict regulatory oversight, which includes production licensing and product registration, ensuring a controlled market environment[33]. - The overall profit of the pesticide industry in 2020 was ¥19.06 billion, with a slight year-on-year increase of 0.5%, highlighting the industry's stable profitability despite challenges[34]. Product Development and Innovation - The company emphasizes the importance of technical service and product innovation in the highly competitive agricultural sector, focusing on high-efficiency, low-toxicity, and low-residue products[34]. - The company has enhanced its product structure and competitive advantage through acquisitions, including the full acquisition of Chongqing Yier Shuangfeng Technology Co., Ltd. and the controlling stake in Shanxi Haozhida Biotechnology Co., Ltd.[33]. - The company is positioned to benefit from the growing market for plant growth regulators, which are essential for high-quality agricultural production and have a high return on investment[33]. - The company is a leader in the water-soluble fertilizer industry, producing amino acid and macro-element water-soluble fertilizers, with a strong competitive advantage in amino acid products[53]. - The company's amino acid water-soluble fertilizers are made using advanced chelation technology and are effective for a wide range of crops, significantly improving yield and quality[55]. Financial Management and Investments - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥42,308,435.35, up 717.35% from ¥5,176,263.96[69]. - The total investment amount for the reporting period reached ¥62,001,706.38, representing an increase of 89.63% compared to ¥32,696,679.00 in the same period last year[84]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥1,002,163,965.04, accounting for 53.86% of total assets, a slight decrease of 0.34% from the previous year[79]. - The company is actively promoting convertible bond projects and the construction of raw materials and intermediates projects to alleviate capacity bottlenecks[67]. - The company plans to expand its employee base through campus recruitment to support product sales growth[67]. Risk Management - The company has outlined potential risks and countermeasures in its report, indicating a proactive approach to future challenges[6]. - The company faces risks related to market competition, raw material price fluctuations, and environmental regulations that could impact its operational performance[95][96]. - The company has faced increasing environmental protection requirements, which may lead to higher operational costs and impact profit levels[99]. - The company anticipates that the production costs of its fundraising projects may rise due to potential increases in the prices of raw materials[101]. - The company faces risks related to the timely digestion of expanded production capacity following the implementation of fundraising projects[100]. Environmental Responsibility - The company is committed to environmental protection and must comply with stringent regulations, which can increase production costs[46]. - The company has established a complete environmental monitoring system and has not received any penalties related to environmental protection during the reporting period[126]. - The company has implemented strict pollution control measures for wastewater, waste gas, and solid waste, ensuring compliance with national standards[125]. - The company conducted training for 408 farmers in various towns in Sichuan Province to support the development of local specialty industries[131]. - The company has developed a comprehensive self-monitoring plan for environmental protection and has made monitoring results publicly available[127]. Shareholder Structure and Corporate Governance - The largest shareholder, Yan Changxu, holds 36.92% of the shares, totaling 161,102,605 shares[186]. - The company has 12,411 shareholders at the end of the reporting period[186]. - The total number of shares increased to 436,371,471 after the issuance of 5,486,701 shares due to the restricted stock incentive plan and convertible bond conversions[177]. - The company completed the registration of the restricted stock incentive plan on March 26, 2021[181]. - The report indicates a stable shareholding structure with no significant changes in ownership dynamics[198].

Financial Performance - Sichuan Guoguang Agrochemical Co., Ltd. reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[15]. - The company achieved a net profit of RMB 200 million in 2020, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2020 was ¥1,160,043,313.74, representing a 14.37% increase compared to ¥1,014,280,693.19 in 2019[22]. - The net profit attributable to shareholders decreased by 15.06% to ¥170,843,885.83 from ¥201,133,897.13 in the previous year[22]. - The total assets at the end of 2020 were ¥1,746,318,076.60, a 30.12% increase from ¥1,342,047,802.82 at the end of 2019[22]. - The company's net assets attributable to shareholders increased by 14.25% to ¥1,273,851,988.93 from ¥1,115,014,722.00 in 2019[22]. - The gross margin for 2020 was reported at 30%, with efforts to improve operational efficiency in the coming year[15]. - The company anticipates a revenue growth of 18% for the fiscal year 2021, driven by increased demand for agricultural products[15]. Product Development and Innovation - New product development includes the launch of three innovative pesticide formulations, expected to contribute an additional RMB 100 million in revenue in 2021[15]. - The company has invested RMB 50 million in R&D for new technologies aimed at improving crop yield and pest resistance[15]. - The company is committed to developing new technologies and products that align with modern agricultural practices, focusing on enhancing crop quality and reducing labor intensity[35]. - The company is focusing on research and development to innovate and improve existing product lines, ensuring they meet evolving market demands[92]. - The company is actively engaged in research and development of new products and technologies to maintain its competitive edge in the agricultural chemicals market[79]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[15]. - The company aims to leverage plant growth regulators to increase crop resilience against adverse conditions, thereby improving agricultural productivity without expanding arable land[39]. - The company is strategically positioned to capitalize on market expansion opportunities through its diverse product offerings and regulatory compliance[86]. - The company plans to expand its market presence by increasing its product registration efforts in Southeast Asia, targeting a 20% increase in market share by 2025[96]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[15]. Regulatory and Compliance - The company holds 188 pesticide registration certificates, an increase of 27 from the previous year, including 78 for plant growth regulators[123]. - The company has obtained various licenses, including a pesticide business license valid until July 31, 2023, and a hazardous chemicals business license valid until July 6, 2021[83]. - The company has received multiple licenses for hazardous chemicals, ensuring compliance with regulatory standards and enhancing its operational capabilities[86]. Cash Flow and Dividends - The cash dividend proposed is RMB 2.2 per 10 shares, based on a total of 436,370,083 shares outstanding[8]. - The cash dividend payout ratio for 2020 was 100% of the distributable profit, which was RMB 665,110,465.50[192]. - The total cash dividends distributed in 2020 represented a significant commitment to returning value to shareholders[192]. - The company has maintained a consistent increase in cash dividends over the past three years, with payout ratios of 21.50% in 2018, 46.29% in 2019, and 56.19% in 2020[191]. Challenges and Risks - The company faces risks related to concentrated shareholding, with the controlling shareholder and family members holding a significant portion of shares, potentially impacting governance[172]. - The company is exposed to market competition risks, particularly in the plant growth regulators and water-soluble fertilizers sectors, which may lead to declining gross margins[172]. - Recent extreme weather events pose risks to the agricultural chemicals industry, although the company has established a comprehensive production planning system to mitigate these impacts[179]. - The company acknowledges risks related to hazardous materials and operational errors, despite not experiencing major safety incidents[174]. Research and Development Focus - The company is focusing on the development of new technologies in the field of microbial fertilizers, with a target of effective live bacteria count ≥50.0 billion/g for powdered products[99]. - The company aims to enhance its product portfolio with the introduction of a biological organic fertilizer containing effective live bacteria count ≥0.20 billion/g and organic matter ≥40.0%[99]. - The company has a robust pipeline of products with varying concentrations, including 2.5% for Chlorobenzamine and 20% for Gibberellic Acid, indicating a broad market strategy[88]. Supply Chain and Production - The company has established a comprehensive supply chain for its products, including upstream raw materials and downstream distribution channels[48]. - The company has a distribution network with over 4,000 distributors, with 95% of them at the county level, ensuring extensive market coverage[67]. - The company has a strong competitive advantage in the water-soluble fertilizer industry, particularly with its amino acid products, enhancing its market position[45].

四川国光农化股份有限公司 2021 年第一季度报告全文 四川国光农化股份有限公司 2021 年第一季度报告 2021-40 号 2021 年 04 月 1 四川国光农化股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人颜昌绪、主管会计工作负责人庄万福及会计机构负责人(会计主 管人员)杨磊声明：保证季度报告中财务报表的真实、准确、完整。 2 四川国光农化股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|---------------------------|---------------------------|------------------- ...