HUILONG(SZ:002556)2025-10-30 09:08Financial Performance - The company achieved a net profit attributable to shareholders of 165 million yuan in the first three quarters of 2025, with a third-quarter net profit of 53.8 million yuan, representing a year-on-year increase of 602% [2] - The non-recurring net profit for the third quarter was 45.41 million yuan, up 291% year-on-year [2] - The operating cash flow for the first three quarters reached 440 million yuan, reflecting a 164% increase compared to the previous year [2] Business Development - The company has strengthened its network layout, enhancing its core function in agricultural materials distribution, with domestic fertilizer sales steadily progressing and exports significantly increasing compared to last year [2] - The pesticide business is advancing its national layout strategy, with sustained improvement in profitability [2] - The establishment of 14 agricultural service centers has enabled rapid resource allocation during extreme weather, and the "immediate collection and drying" service model has received positive feedback [2] Cost Management - Despite rising raw material costs, the company maintained a stable increase in gross margin by adjusting product structure and increasing the sales proportion of high-margin products [3] - Continuous efforts in cost reduction and efficiency improvement have effectively lowered overall costs [3] Strategic Planning - The company is actively participating in the construction of a unified national market, optimizing its business model in line with rural revitalization and agricultural strength strategies [3] - It operates over 70 distribution centers and more than 4,000 franchise stores across more than 20 major agricultural provinces, ranking among the top three in terms of network coverage and operational scale [3] Product Development - The mint alcohol production capacity has been upgraded from 3,000 tons/year to 5,000 tons/year, with stable market and customer conditions [4] - The company is focusing on technological innovation and product upgrades, continuously improving process routes and expanding its customer base [5] Regulatory Impact - The "one certificate, one product" policy introduced by the Ministry of Agriculture and Rural Affairs is expected to benefit the company's pesticide business by standardizing market order and protecting the interests of growers [5] Shareholder Engagement - The management is committed to enhancing shareholder value through measures such as executive share buybacks, share repurchases, and stable annual dividends [5]