Core Insights - Anhui Jiuyi Agricultural Co., Ltd. (referred to as "Jiuyi Co.") has filed for IPO guidance with the Anhui Securities Regulatory Bureau, with Guoyuan Securities as the advisory institution [1] - Jiuyi Co. previously submitted an IPO application to the ChiNext in June 2022 but withdrew it in October 2024 due to strategic adjustments [1] - Established in 2001, Jiuyi Co. specializes in the R&D, production, and sales of green pesticide products and is listed on the New Third Board with stock code 831006 [1] - The company ranked 54th among China's top 100 pesticide companies in 2024, with key products including efficient and environmentally friendly herbicides and fungicides [1] Industry Performance - Jiuyi Co. reported a revenue of 917 million yuan in the first half of 2025, representing a year-on-year growth of 6.02%, with a net profit of 91.93 million yuan [2] - The Chinese pesticide industry has seen growth in production, prices, and exports in 2025, but is facing increased differentiation due to policy adjustments and raw material price fluctuations [2] - The industry is moving towards high-quality and green development, necessitating compliance with new regulations and innovation in technology and product structure [2] Product Development - Jiuyi Co. has successfully overcome several foreign technical barriers in the past five years, launching multiple new products that have gained significant attention domestically and internationally [1] - The company’s product, Pymetrozine, has been widely adopted, with a cumulative application area exceeding 20 million acres, significantly improving the control of major diseases like wheat scab [1] - In 2023, Jiuyi Co.'s Pymetrozine was selected for the Ministry of Agriculture and Rural Affairs' "2024-2026 National Disaster Relief Pesticide Reserve Project" [1] - Jiuyi Co. led the formulation of the international standard for Pymetrozine in 2024 [1] Shareholding Structure - The controlling shareholder of Jiuyi Co. is Shen Yunhe, who holds a direct stake of 62.85% [3]

Core Viewpoint - Anhui Jiuyi Agricultural Co., Ltd. has announced its application for a public stock offering and listing on the Shenzhen Stock Exchange, marking a significant step in its growth strategy [1][4]. Group 1: Company Overview - Anhui Jiuyi Agricultural Co., Ltd. was established in 2001 and specializes in the research, production, and sales of green pesticide products [4]. - The company is listed on the "New Third Board" innovation layer and ranked 54th among China's top 100 pesticide companies in 2024 [4]. Group 2: Financial Performance - According to the company's mid-year report for 2025, it achieved a revenue of 916.9 million yuan, representing a year-on-year growth of 6.02% [5]. - The net profit for the same period was 91.93 million yuan [5]. Group 3: Stock Offering Details - On November 26, 2025, the company signed a stock issuance and listing guidance agreement with Guoyuan Securities Co., Ltd. [1]. - The company submitted relevant materials for the initial public offering and listing guidance to the Anhui Regulatory Bureau of the China Securities Regulatory Commission on the same day [1].

Group 1: Financial Performance and Projections - The company experienced a slight decline in revenue in Q1, attributed to delayed purchases and shipments, with expectations for growth in the upcoming half-year report [3][7] - The projected profit growth for 2025 is expected to exceed revenue growth due to strategic planning [7] - The total dividend payout for 2024 is expected to maintain a ratio of over 30% relative to net profit, despite lower overall profits [5] Group 2: Production Capacity and Investment - The company’s original drug production capacity is not meeting expectations primarily due to market changes rather than funding issues [1][2] - The production line for the herbicide Sulfentrazone has been launched, with updates available through company announcements [2] - The company plans to enhance its production capacity in the future, with a focus on strategic investments [9] Group 3: Market Strategy and Management - The company is shifting its management approach from strategic control to operational control for better oversight of global subsidiaries [5][6] - The company aims to improve its gross profit margins by increasing the proportion of higher-margin products and expanding into more profitable markets [9] - The company is committed to maintaining a diverse product portfolio to facilitate one-stop procurement for customers [8] Group 4: Investor Relations and Communication - The company conducts quarterly earnings calls and engages in various investor activities to enhance communication with stakeholders [8] - The company encourages feedback from investors regarding its investor relations activities and is open to suggestions for improvement [8] - The company has launched a WeChat public account to provide timely and accurate information to investors [9]