LMGF(002734) 金融界·2025-04-18 11:25Core Viewpoint - Limin Co., Ltd. reported a significant increase in net profit for 2024, but faced cash flow pressure, highlighting a mixed financial performance [1][6]. Financial Performance - The company achieved total revenue of 4.237 billion yuan, a year-on-year increase of 0.32% [1]. - Net profit attributable to shareholders reached 813.576 million yuan, reflecting a year-on-year growth of 31.11% [1]. - Operating cash flow decreased by 20.70% year-on-year, amounting to 374 million yuan, indicating cash flow challenges [1][6]. Innovation and Brand Development - Limin Co., Ltd. made significant strides in technological innovation and brand building, being recognized in the green low-carbon process directory of the pesticide industry [4]. - Key technologies such as "continuous flow production process of aluminum phosphonate" and "gas-phase full-process continuous glyphosate production process" were highlighted [4]. - The brand "Limin Linghu" won the most explosive brand product award in the national plant protection market for fungicides [4]. R&D Investment and Project Implementation - The company invested 162 million yuan in R&D in 2024, a decrease of 4.5% year-on-year, but made notable progress in the conversion of innovative results [5]. - The establishment of a synthetic biology laboratory improved key technical indicators such as strain performance and biosynthesis efficiency [5]. - New projects, including 500 tons of cyclohexanone and 2,000 tons of glyphosate, were successfully launched, enhancing production capacity [5]. Cash Flow and Shareholder Pledge - The net cash flow from financing activities was -330 million yuan, a decrease of 175 million yuan year-on-year, exacerbating the company's financial strain [6]. - High levels of shareholder pledges were noted, with the largest shareholder pledging 41.5809 million shares (56.39% of total holdings) and the second-largest pledging 36.72 million shares (82.08% of total holdings) [6].