证券代码：301035 证券简称：润丰股份 公告编号：2025-047 山东潍坊润丰化工股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 一、股东大会审议通过权益分派方案情况 1、公司于 2025 年 5 月 15 日召开 2024 年年度股东大会审议通过《关于提请 股东大会授权董事会制定 2025 年中期分红事项的议案》，同意授权董事会根据 股东大会决议在符合利润分配的条件下制定具体的 2025 年中期分红方案。公司 于 2025 年 8 月 20 日召开的第四届董事会第二十八次会议和第四届监事会第二十 1、根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指 引第 9 号——回购股份》等相关规定，回购专户中持有的本公司股份不享有参与 利润分配的权利。因此，山东潍坊润丰化工股份有限公司（以下简称"公司"） 2025年半年度权益分派以现有总股本280,770,974股剔除已回购股份2,497,945 股后的 278,273,029 股为基数。 2、本次权益分派实施后计算除权除息价格时，以公司总 ...

Group 1: Financial Performance - In the first half of 2025, the company achieved total revenue of 6.531 billion yuan, a year-on-year increase of 14.94% [1] - The net profit attributable to shareholders reached 555.6 million yuan, up 205.62% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 549 million yuan, an increase of 211.85% year-on-year [1] - In the second quarter of 2025, total revenue was 3.844 billion yuan, reflecting a year-on-year growth of 28.64% [1] - The net profit attributable to shareholders in Q2 2025 was 299 million yuan, a staggering increase of 932.30% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses in Q2 2025 was 293 million yuan, up 1094.39% year-on-year [1] Group 2: Market Trends - The global crop protection market demand is expected to continue recovering, with low inventory levels in the pesticide overseas market [2] - The export quantity of crop protection products from January to June 2025 increased by 17.07% year-on-year, while the export value rose by 13.72% [2] - The demand for crop protection products remains strong, with a gradual recovery in gross margins across most end markets as supply-side costs decrease [2] Group 3: Strategic Initiatives - The company aims to become a leading global crop protection company, with four growth strategies being implemented [3] - The proportion of ToC (To Consumer) business increased to 40.14% in 1H25, with a gross margin of 30.21% [3] - Revenue from the EU and North America increased to 14.08% in 1H25 [3] - The company's insecticide and fungicide business revenue share rose to 26.59% in 1H25 [3] - The company is expanding its biopesticide segment, launching Rainbow Bio in more countries across Africa, Asia, and the Americas [3] - The company has obtained over 600 new registrations, totaling more than 8,400 pesticide registrations domestically and internationally as of June 30, 2025 [3] Group 4: Investment Outlook - The company is expected to benefit from its global registration layout and ToC channel development, leading to profit growth [3] - Projected net profits for 2025-2027 are 1.175 billion yuan, 1.417 billion yuan, and 1.748 billion yuan, with year-on-year growth rates of 161.01%, 20.58%, and 23.40% respectively [3] - Corresponding PE ratios are projected at 16X, 14X, and 11X for the respective years [4]

Group 1 - The core viewpoint of the article highlights the continuous increase in glyphosate raw material prices since May, with a reported price of 27,500 yuan/ton for 95% purity and 28,000 yuan/ton for 97% purity, reflecting a 20% increase since early May [1] - Supply and demand analysis indicates that glyphosate weekly production reached 8,600 tons as of August 24, an 18.71% increase from the previous week, while inventory decreased to 27,800 tons, indicating a tight supply situation that supports price stability [1] - A total of 11 A-share companies are involved in glyphosate, with an average stock price increase of 2.42% on August 26, led by Jiangshan Chemical, Runfeng Co., and Xingfa Group with gains of 5.7%, 3.94%, and 3.85% respectively [1] Group 2 - Performance data from the semi-annual reports show that Zhongnong United turned a profit, while Ando麦 A reduced losses, and companies like Runfeng Co., Jiangshan Chemical, Guoguang Co., and Yangnong Chemical reported year-on-year profit growth [1] - The stock performance of glyphosate-related companies on August 26 shows significant variations in net profit growth, with Jiangshan Chemical at 98.18%, Runfeng Co. at 205.62%, and Xingfa Group at -9.72% [3]

Core Viewpoint - The agricultural chemical industry is experiencing localized and structural improvements as of early 2025, with 18 out of 22 listed companies reporting positive performance, although the overall industry remains at a low level of prosperity [1] Group 1: Company Performance - 11 companies in the agricultural chemical sector reported net profit growth exceeding 100% in the first half of the year, including notable performers like Runfeng Co. and Xianda Co. [2][3] - Runfeng Co. achieved a revenue of 6.531 billion yuan, a year-on-year increase of 14.94%, and a net profit of 556 million yuan, up 205.62% from the previous year [2] - Xianda Co. reported a revenue of 1.423 billion yuan, an 11.82% increase, and a staggering net profit growth of 2561.58%, driven by significant price increases in its main product, Acetochlor [2][3] Group 2: Market Dynamics - The agricultural chemical industry is still at the bottom of its cycle, but some leading companies are showing signs of recovery due to product price increases, capacity release, export expansion, and cost control [3] - The price of key agricultural chemicals has significantly influenced company performance, with some products experiencing price increases of over 60% [4] - The average price of Acetochlor rose by 30.08% to 96,000 yuan per ton, contributing to Xianda Co.'s strong performance [5] Group 3: Industry Trends - The agricultural chemical market is still facing challenges such as overcapacity and low prices, which suppress overall profitability [6] - The industry is undergoing a transformation from imitation to innovation, with companies focusing on high-value product development to enhance global competitiveness [6] - Companies like Xianda Co. are prioritizing the development of innovative products, such as the newly launched Pyrazolyl Quinclorac, which has quickly gained market acceptance [6]

Group 1 - Glyphosate raw material prices have been rising since May, with prices for 95% purity reaching 27,500 yuan/ton and 97% purity at 28,000 yuan/ton, an increase of approximately 20% since early May [1] - As of August 24, glyphosate weekly production was 8,600 tons, up 18.71% from the previous week, while inventory decreased to 27,800 tons, indicating a tight supply situation [1] - Glyphosate accounts for about 30% of the global herbicide market, with China holding a significant production capacity of 810,000 tons per year, representing nearly 70% of the global total [1] Group 2 - The market for glyphosate is expected to maintain a tight balance in the medium to long term, with limited new production capacity due to regulatory restrictions in China [2] - The demand for glyphosate is anticipated to grow as the area of genetically modified crops increases and traditional herbicides face market exit due to toxicity issues [2] - Major companies in the glyphosate industry include Xingfa Group, Fuhua Chemical, and Jiangshan Chemical, with the top five companies holding a market share of 74% [2] Group 3 - Jiangshan Chemical has a production capacity of 70,000 tons/year for glyphosate and is one of the first companies to pass environmental inspections [3] - The increase in glyphosate prices is expected to positively impact company performance, with Xingfa Group estimating that a 1,000 yuan/ton price increase could add approximately 200 million yuan to annual profits [3] - Companies like Runfeng and Jiangshan have reported significant net profit growth, with Runfeng's net profit increasing by 205.62% year-on-year [3]

Group 1 - The agricultural chemical sector increased by 2.34% on August 26, with Bai'ao Chemical leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] - Bai'ao Chemical's stock price rose by 10.02% to 23.16, with a trading volume of 321,000 shares and a transaction value of 718 million [1] Group 2 - The agricultural chemical sector experienced a net outflow of 78.12 million from main funds, while retail funds saw a net outflow of 91.58 million [2] - The main funds net inflow for Bai'ao Chemical was 15.4 million, accounting for 21.41% of its trading volume [3] - Cloud Map Holdings had a main funds net inflow of 5.2 million, representing 4.58% of its trading volume [3]

Investor Presentation 2025 H1 Report 1 Rainbow Global Global Operation Center Manufacturing Base Subsidiary / Office R&D Centers 8400+ Registrations Globally 5000+ Staffs Globally 100+ Operational Countries 350+ Independent Patents Spain Manufacturing Base 110+ Overseas Subsidiaries Argentina Manufacturing Base U.S. Houston, Champaign Manufacturing Base Weifang Process Development Center Weifang, Jinan R&D Centers Jinan Global Operation Center Weifang, Qingdao, Ningxia Manufacturing Bases Crop Protection In ...

Stock code: 301035 Stock abbreviation: Rainbow Agro Announcement No.: 2025-046 SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD The Semi-Annual Financial Report of 2025 The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate, and complete, without false records, misleading statements, or material omissions. 1. Consolidated balance sheet Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd June 30, 2025 | | | Unit: RMB | | --- | --- | --- | | Item | Closing ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company's operational quality continues to improve, with the Model C business gaining traction. The industry is experiencing a recovery in demand, leading to a gradual normalization of market prices [7][8] - The company reported significant growth in its financial performance, with a revenue of 6.53 billion yuan in H1 2025, representing a year-on-year increase of 15%. The net profit attributable to the parent company reached 556 million yuan, a year-on-year increase of 206% [7] - The company aims to become a global leader in crop protection, enhancing its global marketing network and product registration efforts [7] Financial Data and Profit Forecast - Total revenue projections for the company are as follows: 14.65 billion yuan in 2025, 16.02 billion yuan in 2026, and 17.59 billion yuan in 2027, with respective growth rates of 10.1%, 9.4%, and 9.8% [6] - The net profit attributable to the parent company is forecasted to be 1.15 billion yuan in 2025, 1.40 billion yuan in 2026, and 1.69 billion yuan in 2027, with significant year-on-year growth rates of 155.2%, 21.7%, and 21.0% respectively [6][8] - The company's gross margin is expected to improve, reaching 21.9% in 2025 and 23.3% in 2027 [6]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [10] Core Views - The company reported a revenue of 6.53 billion yuan for the first half of 2025, representing a year-on-year increase of 14.9%. The net profit attributable to shareholders was 560 million yuan, up 205.6% year-on-year, and the net profit excluding non-recurring items was 550 million yuan, an increase of 211.9% year-on-year [2][7] - In Q2 2025, the company achieved a revenue of 3.84 billion yuan, reflecting a year-on-year growth of 28.6% and a quarter-on-quarter increase of 43.1%. The net profit attributable to shareholders reached 300 million yuan, a staggering year-on-year increase of 932.3% and a quarter-on-quarter increase of 16.4% [2][7] - The company plans to distribute a cash dividend of 3.5 yuan per 10 shares (tax included) [2][7] Company Overview - The company is a leading player in the domestic pesticide formulation industry, with R&D teams and centers located in Jinan and Weifang, Shandong. It operates six manufacturing bases across China and internationally, including in Argentina, Spain, and the USA [12] - The global pesticide market is expected to continue its steady growth, supported by strong demand for crop protection products. The company has seen a significant increase in its gross margin to 22.9% in Q2 2025, up 2.6 percentage points year-on-year, and a net margin of 9.1%, up 7.4 percentage points year-on-year [12] - The company has established a "fast market entry platform" to expand its market share and has increased its revenue from TOC (local team sales of proprietary brands) to 41.35% of total revenue, up from 37.84% year-on-year [12] Financial Projections - The company forecasts net profits attributable to shareholders of 1.1 billion yuan, 1.52 billion yuan, and 1.97 billion yuan for the years 2025, 2026, and 2027, respectively [12]