8月19日晚间，先达股份发布2025年半年报，报告期内，公司实现营业收入14.23亿元，同比增长 11.82%；实现归母净利润1.36亿元，同比增长2561.58%；扣非净利润为1.31亿元，同比扭亏为盈。 对于业绩增长，公司表示，第二季度，公司主打产品烯草酮受市场供需关系影响售价显著上涨，有效带 动产品毛利率大幅提升。2025年上半年，公司的毛利率为23.14%，较2024年同期提升了8.24个百分点。 农药原药及制剂生产商先达股份（603086）（603086.SH）上半年业绩猛增。 长江商报记者注意到，核心产品涨价还受到下游补库需求旺盛的影响，在此背景下，先达股份的三大主 力产品烯草酮、烯酰吗啉、咪草烟的产能利用率达101.8%。 净利创11个季度新高 资料显示，先达股份主要从事农药原药及制剂、中间体的研发、生产和销售，主要产品烯草酮原药、异 噁草松原药、咪草烟原药等产能位居行业前列。 2023年，受农药行业低迷影响，先达股份业绩出现亏损，归母净利润为-1.04亿元。2024年，农药行业 逐步复苏，先达股份业绩回暖，归母净利润虽然仍亏损，但已经大幅减亏。到2025年一季度，公司的归 母净利润扭亏为盈。 ...

Core Viewpoint - The company has demonstrated significant growth in revenue and net profit in the first half of 2025, driven by product optimization and market demand for its innovative agricultural solutions [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.423 billion yuan, representing a year-on-year increase of 11.82% [1]. - The net profit attributable to shareholders reached 136 million yuan, marking a substantial year-on-year growth of 2561.58% [1]. - The adjusted net profit after excluding non-recurring items was 131 million yuan, compared to a loss of 82,370 yuan in the same period last year [1]. Group 2: Product Development and Market Strategy - The company focuses on the research, production, and sales of environmentally friendly agricultural chemicals, with key products including herbicides and fungicides [2]. - The main product, Acetochlor, saw a significant price increase due to market supply and demand dynamics, leading to a substantial rise in gross profit margin [2]. - The newly launched product, Pyrazosulfuron-ethyl, has quickly gained market recognition as a herbicide for rice fields, contributing to the company's growth [2]. - The company is enhancing its competitive edge by optimizing traditional products and developing differentiated solutions for the wheat field herbicide market [2][3]. Group 3: Market Trends and Opportunities - The domestic agricultural chemical industry is showing signs of stabilization, with improvements in supply and demand dynamics [6]. - The price indices for herbicides, insecticides, and fungicides have shown moderate recovery, alleviating previous market imbalances [6]. - In the overseas market, the demand for agricultural chemicals is recovering, with significant year-on-year growth in export values for insecticides, fungicides, and herbicides [6]. - The company plans to leverage its innovative capabilities to enhance existing products and create a comprehensive industry layout to improve market competitiveness [6]. Group 4: Research and Development - The company has a robust pipeline of research projects, focusing on various crops and biotechnologies, aiming to commercialize a new compound every two years [7].