Cynda(SH:603086) Zheng Quan Shi Bao Wang·2025-10-15 11:08Core Viewpoint - The company Xinda Co., Ltd. (先达股份) is expected to see a significant increase in net profit for the first three quarters of 2025, driven by a substantial rise in the market price of its main product, Acetochlor [1][2] Company Summary - Xinda Co., Ltd. anticipates a net profit of between 180 million yuan and 205 million yuan for the first three quarters of 2025, representing a growth of 2807.87% to 3211.74% compared to the same period last year [1] - The main business of Xinda Co., Ltd. includes the research, production, and sales of pesticide raw materials and formulations, with key products being herbicides and fungicides [1] - The increase in performance is attributed to the significant rise in the market price of Acetochlor and the sales of the newly developed product series, Pyrazole Acetochlor, which has contributed to an increase in gross profit margin [1][2] Industry Summary - The price of Acetochlor raw material increased from 76,000 yuan per ton at the beginning of the year to 147,500 yuan per ton by mid-June, before dropping to 110,000 yuan per ton in the fourth quarter, still reflecting a 45% increase compared to the beginning of the year [2] - As of the end of 2024, the domestic production capacity of Acetochlor is approximately 46,000 tons per year, with Xinda Co., Ltd. being one of the major manufacturers [2] - The domestic pesticide industry is experiencing a stabilization in demand and supply, with a gradual recovery in the export market [2] - The industry is undergoing structural adjustments, with resources concentrating towards leading companies that possess strong R&D capabilities and abundant pesticide registration resources, creating unprecedented development opportunities for these top enterprises [2]