截至发稿，利民股份市值为80亿元。 每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ （记者 王晓波） 每经AI快讯，利民股份（SZ 002734，收盘价：18.03元）10月9日晚间发布业绩预告，预计2025年前三 季度归属于上市公司股东的净利润约3.84亿元~3.94亿元，同比增长649.71%~669.25%；基本每股收益 0.94元~0.97元。2025年前三季度，业绩较上年同期上升的主要原因：公司主要产品销量和价格同比上 涨、毛利率提升以及参股公司业绩上涨带来投资收益增加。 2025年1至6月份，利民股份的营业收入构成为：农药占比89.7%，兽药占比9.34%，其他业务占比 0.96%。 ...

Market Performance - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.65% to 3828 points, the Shenzhen Component Index down 1.76%, and the ChiNext Index down 2.6% [1] - The total trading volume for the day was 2.17 trillion yuan, a decrease of 225.7 billion yuan compared to the previous trading day, with over 3400 stocks declining across the market [1] Sector Performance - The gaming sector experienced a significant drop, with Jibite hitting the daily limit down [1] - The Nvidia concept stocks fell, with Magmi Tech down nearly 8% [1] - CPO and optical communication modules also saw declines, with Hangdian Co. hitting the daily limit down [1] - Other sectors that faced notable declines included laser radar, consumer electronics, and copper cable high-speed connections [1] - Conversely, the wind power equipment sector rose, with Weili Transmission and Mingyang Smart Energy hitting the daily limit up [1] - The chemical fiber sector saw gains, with Shunhua Co. hitting the daily limit up [1] - The pesticide and veterinary drug sector was active, with Lanfeng Biochemical hitting the daily limit up [1] - Other sectors with notable increases included fertilizers, plant-based meat, and green electricity [1] Index Performance - The Shanghai Composite Index closed at 3828.11, down 25.20 points or 0.65% [1] - The Shenzhen Component Index closed at 13209.00, down 236.90 points or 1.76% [1] - The ChiNext Index closed at 3151.53, down 84.23 points or 2.60% [1] - The CSI 300 Index closed at 4550.05, down 43.44 points or 0.95% [1] - The CSI 500 Index closed at 7240.91, down 100.41 points or 1.37% [1] - The CSI 1000 Index closed at 7397.59, down 108.92 points or 1.45% [1]

Group 1: General Information - The research object is Guofa Co., Ltd., belonging to the pesticide and veterinary medicine industry, and the reception time was September 17, 2025 [17] - The company's reception staff included the company's chairman Jiang Ye, director and president Zhang Xiaowei, director, vice - president and CFO Yin Zhibo, director, vice - president and board secretary Li Yong, and independent director Song Xiaofang [17] Group 2: Research Institutions - The research institutions mainly include investors and others [20] Group 3: Key Points from Company Responses Response to Question 1 (Regrading private placement and stock price) - The company is conducting a "small - scale and fast - track" private placement, a simplified process for specific - object share issuance. The 2024 annual general meeting authorized the board to issue shares with a financing limit of no more than 300 million yuan and no more than 20% of the net assets at the end of the previous year, valid until the 2025 annual general meeting [24][25] - The company is actively promoting the private placement, and the specific implementation time will be announced later. Directors Wu Peicheng and Chairman Jiang Ye have completed share - increasing plans of 381,500 shares and 4.8049 million shares respectively [25] - The company will focus on its main business, enhance internal value, and implement a dual - drive strategy of internal growth and external expansion in the big - health and judicial IVD fields [26] Response to Question 2 (Regarding the board meeting in June) - The company's information disclosure media are "Shanghai Securities News", "China Securities Journal", "Securities Times", "Securities Daily" and the Shanghai Stock Exchange website, and the information should be based on the announcements of these media [26] Response to Question 3 (Regarding AI and computing power business) - The company's strategy is to lead with high - tech, focus on its main business in Guangxi. It is synchronously strengthening its main business and exploring technological innovation, and is open to mergers and acquisitions [26][27] Response to Question 4 (Regarding reducing bad - debt risks of accounts receivable) - The company will strengthen internal control, including revising and improving relevant management systems and designating responsible persons for collection [27] - It will conduct customer credit assessments, formulate credit policies and credit limits accordingly [27] - Regularly conduct aging analysis of accounts receivable and adopt different collection strategies based on aging [28] - Conduct regular account reconciliations with customers to ensure consistent records [28] - Resort to legal means for long - overdue accounts and reasonably set aside bad - debt provisions [28]

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core Viewpoints - The company achieved an operating income of 780 million yuan in the first half of 2025, a 9.64% decrease from the same period last year, and a net profit attributable to shareholders of 107 million yuan, a 30.24% year - on - year increase. The water and environmental protection business contributed 81.03% of the revenue, with a 11.85% decrease, while the bio - manufacturing business accounted for 18.08% of the revenue, with a 6.82% increase [23]. - The company has improved its accounts receivable through a dynamic tracking and supervision mechanism, resulting in a significant reduction in the balance of accounts receivable both year - on - year and month - on - month [23]. - The company aims to boost revenue by integrating development and reducing costs, with the water and environmental protection business as a pillar and bio - manufacturing innovation as a breakthrough. It also plans to streamline non - high - quality assets and operations [23]. - The company has applied synthetic biology to innovation by building a molecular biology operation platform and plans to construct a microbial fermentation engineering pilot platform [24]. - As of August 31, the company had 28,326 shareholders [24]. - The company has taken cost - control measures such as energy conservation, equipment renewal, and achieved honors like the Zhejiang Water - Saving Enterprise. Its Changhe Company's photovoltaic project saved 280,000 yuan in electricity costs in four months [24]. 3. Summary by Relevant Catalogs 3.1 Research Basic Information - The research object is Qianjiang Biochemical, belonging to the pesticide and veterinary medicine industry. The reception time was September 4, 2025, and the reception staff included the chairman, general manager, independent director, board secretary, and financial director [16]. 3.2 Detailed Research Institutions - The research institutions included investors who participated in the company's 2025 semi - annual performance briefing online [19]. 3.3 Research Institution Proportion - No information provided in the given content. 3.4 Main Content Materials - Operating performance in the first half of 2025: revenue, profit, and performance of different business segments [23]. - Accounts receivable improvement: through a dynamic tracking and supervision mechanism [23]. - Future performance growth points: integration development, cost reduction, and streamlining non - high - quality assets [23]. - Entry into the synthetic biology field: current application and future plans [24]. - Shareholder number: 28,326 as of August 31 [24]. - Cost - control measures: energy conservation, equipment renewal, and power - saving achievements [24].

1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - The company has improved its overall performance in H1 2025, with net profit turning around and increasing by 109.85% year - on - year. It will continue to focus on market expansion, product structure optimization, and cost - reduction to achieve sustainable performance improvement [23][24]. 3. Summary According to Relevant Catalogs 3.1 Research Basic Situation - Research object: Zhongnong United [16] - Industry: Pesticides and veterinary drugs [16] - Reception time: September 1, 2025 [16] - Listed company reception staff: Director and General Manager Li Ning, Deputy General Manager and Board Secretary Yan Shijin, Chief Financial Officer Li Qiang [16] 3.2 Detailed Research Institutions - Reception object: All investors participating in the company's 2025 semi - annual online performance briefing online [19] - Reception object type: Others [19] 3.3 Research Institution Proportion - No relevant information provided. 3.4 Main Content Data - **Strategic adjustment and share price**: The company has always focused on the agricultural chemical industry. If there are strategic adjustments, it will be publicly disclosed. Share price fluctuations are affected by multiple factors [23]. - **R & D investment**: The change in R & D investment is due to different R & D stages of projects, and the investment plan remains unchanged [23]. - **Performance growth**: In H1 2025, revenue was 1,064,178,729.17 yuan, up 7.39% year - on - year; net profit was 3,209,704.14 yuan, up 109.85% year - on - year. The growth comes from flexible marketing strategies, product structure optimization, and cost - reduction [23][24]. - **Operating cash flow**: The company will strengthen accounts receivable management, optimize inventory management, and control costs to improve cash flow [24]. - **Overseas business**: In H1 2025, overseas revenue was 374 million yuan, up 11.19% year - on - year. The company has expanded in Southeast Asia, South Asia, and South America [25]. - **Reorganization and "15th Five - Year Plan"**: Reorganization depends on multiple factors and will be disclosed if it occurs. The company will serve agriculture and rural revitalization during the "15th Five - Year Plan" [26]. - **Production and sales**: In H1 2025, pesticide production increased by 15.99% and sales increased by 20.67% year - on - year [26]. - **Future strategy**: The company will make strategic plans, expand business, optimize product structure, and strengthen management to achieve high - quality development [26]. - **New business and investment**: New business expansion, investment, and mergers depend on multiple factors and will be disclosed if they occur [27]. - **Board of Directors换届**: The fourth - term board of directors will be postponed, and information will be disclosed after preparation [27][28].

Group 1 - The stock price of Nongxin Technology is reported at 21.41 yuan, down by 0.59 yuan, a decrease of 2.68% compared to the previous trading day [1] - The opening price for the day was 22.00 yuan, with a highest price of 22.00 yuan and a lowest price of 21.19 yuan, resulting in a trading volume of 18,093 lots and a transaction amount of 0.39 billion yuan [1] - Nongxin Technology's main business includes the research, production, and sales of pesticide formulation products, covering a range of products such as insecticides, fungicides, and herbicides, widely used in agricultural production [1] Group 2 - As of August 20, 2025, the number of shareholders in the company is reported to be 9,701, indicating a change from previously disclosed figures [1]

Financial Performance - In the first half of 2025, the company achieved a sales revenue of CNY 2.452 billion, a year-on-year increase of 6.69% [3] - Net profit reached CNY 269 million, reflecting a significant year-on-year growth of 747.13% [3] - The gross profit margin was 26.13%, up by 8.11% compared to the previous year [3] - Accounts receivable decreased by 8.01% to CNY 599 million [3] - The debt-to-asset ratio improved to 47.78%, down by 11.75% year-on-year [3] Key Drivers of Performance - Core products saw both volume and price increases, with strong market demand for key products such as Mancozeb, Chlorothalonil, Abamectin, and Methomyl [3] - The "Safety Cushion Resilience Plan" effectively controlled costs and improved efficiency through optimized production processes and supply chain management [4] - Successful expansion into overseas markets, particularly in Brazil, where the company obtained several product registrations [4] - Enhanced capacity utilization and operational efficiency due to improved market conditions and internal management [4] Product Contribution - The agricultural pesticide segment generated CNY 2.199 billion in revenue, a 4.63% increase year-on-year, with a gross margin of 26.45% [6] - The veterinary medicine segment reported revenue of CNY 229 million, a growth of 27.73% year-on-year, with a gross margin of 21.66% [6] - Specific product performance included: - Agricultural fungicides: CNY 1.240 billion in revenue, gross margin of 33.77% [6] - Agricultural insecticides: CNY 748 million in revenue, gross margin of 24.32% [6] - Agricultural herbicides: CNY 208 million in revenue, with a decrease in gross margin by 7.47% [6] Investment and Market Outlook - Investment income increased significantly, primarily from the investment in Jiangsu Xinhai Agricultural Chemical Co., Ltd. [7] - The price of Mancozeb has risen approximately 20% since January 2025, with strong demand in Brazil, where the product is crucial for soybean disease management [8] - The company expects continued growth in demand for Mancozeb, with import volumes in Brazil nearly doubling in 2024 to 88,000 tons [8] Strategic Initiatives - The company is focusing on enhancing brand influence and expanding overseas operations, with significant revenue from Brazil (CNY 200 million) and the U.S. (over CNY 70 million) in the first half of 2025 [11] - The implementation of the "One Certificate, One Product" policy is anticipated to benefit the company due to its extensive registration resources [12] - Future plans include improving production quality, expanding market presence, and enhancing technological innovation [18]

Core Viewpoint - Lier Chemical's stock price closed at 12.04 yuan on August 18, 2025, reflecting a slight decline of 0.08% from the previous trading day, with a trading volume of 186 million yuan and a turnover rate of 1.93% [1] Group 1: Company Overview - Lier Chemical's main business includes the research, production, and sales of pesticides, veterinary drugs, and fine chemical products, which are widely used in agriculture and animal husbandry [1] - The company operates in sectors such as pesticides and veterinary drugs, as well as the Sichuan region [1] Group 2: Market Performance - The announcement of a projected increase in mid-year performance for 2025 has attracted market attention [1] - Recently, the company has experienced a net outflow of main funds, with a cumulative net outflow of 19.8361 million yuan over the past five days [1]

Group 1 - The core point of the article is that Limin Co., Ltd. announced the convening of its sixth board meeting to review the 2025 semi-annual report and its summary [1] - For the first half of 2025, Limin Co., Ltd.'s revenue composition is as follows: pesticides account for 89.7%, veterinary drugs account for 9.34%, and other businesses account for 0.96% [1] - As of the report date, Limin Co., Ltd. has a market capitalization of 9.5 billion yuan [1] Group 2 - The article also includes a separate investigation into sunscreen products, revealing that the production cost is around 3 yuan, while retail prices can reach several tens of yuan, indicating significant profit margins in the industry [1]

Core Viewpoint - Limin Co., Ltd. has announced that it will not exercise the early redemption option for its convertible bonds, indicating a strategic decision to maintain its current financing structure [1] Group 1: Stock Performance - As of the close on August 13, Limin Co., Ltd. shares were priced at 22.58 yuan, reflecting an increase of 0.14 yuan from the previous trading day [1] - The trading volume on August 13 was 356,700 hands, with a total transaction value of 802 million yuan, resulting in a turnover rate of 8.93% [1] Group 2: Business Overview - Limin Co., Ltd. specializes in the research, production, and sales of agricultural chemicals, including pesticides and veterinary drugs [1] - The company's product range includes insecticides, fungicides, and herbicides, which are widely used in agricultural production [1] Group 3: Financial Movements - On August 13, the net outflow of main funds was 116 million yuan, accounting for 1.29% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 176 million yuan, representing 1.95% of the circulating market value [1]