BSM(SZ:300796) Chang Jiang Shang Bao·2025-07-23 08:54Core Viewpoint - The global pesticide market is experiencing growth, leading to significant performance improvements for the company Beishimei, which is expected to see a substantial increase in net profit in the first half of 2025 due to product optimization and international trade channel development [1][2]. Group 1: Financial Performance - Beishimei forecasts a net profit of 33.11 million to 44.42 million yuan for the first half of 2025, representing a year-on-year increase of 100.07% to 168.38% [1]. - In 2024, the company reported an operating revenue of 1.328 billion yuan, an increase of 89.97%, but faced a net profit loss of 32.86 million yuan, a decline of 137.17% [1]. - In Q1 2025, Beishimei achieved an operating revenue of 423 million yuan, a year-on-year increase of 19.35%, and a net profit of 25.98 million yuan, up 29.10% [2]. Group 2: Product and Market Strategy - The company is focusing on product structure optimization and channel expansion, which has led to a recovery in performance [2]. - Beishimei is actively expanding its production capacity, with plans to increase its annual production of dimethenamid from 12,000 tons to 18,000 tons to meet overseas market demand [2]. - The company has successfully launched its annual production project of 8,500 tons of green new materials, enhancing upstream supply chain collaboration [2]. Group 3: International Expansion - Beishimei has been expanding its overseas market presence, with its subsidiary covering 79 countries and regions globally, leading to an overseas revenue share of 76.84% in 2024 [2]. - The demand from emerging markets is supporting the company's performance growth [2].