RED SUN(SZ:000525)2022-12-07 08:22Financial Performance - The company reported a revenue of ¥1,409,827,506.32, reflecting a year-on-year decrease of 5.53% [1] - The net profit attributable to shareholders was ¥80,524,551.52, showing a significant decline compared to the previous year [1] - The overall revenue decline was attributed to lower sales prices of major products compared to the same period last year [1] Production Capacity - The current production capacity for pyridine alkaloids is 62,000 tons per year [1] - Pyridine alkaloid facilities are located in Anhui Guoxing Biological Co., Ltd. and Nanjing Hongtai Biological Chemical Co., Ltd. [1] Fundraising and Financial Strategy - The company plans to raise up to ¥1,038,187,464.77 through a private placement, with net proceeds intended for working capital and debt repayment [1] - The private placement was approved by the board on November 29, 2014, and by the shareholders on December 24, 2014 [1] Market and Product Development - The company has developed an integrated industrial chain for environmentally friendly pesticides, including pyridine alkaloids, hydrogen cyanide, and pyrethroids [2] - The product range includes herbicides, insecticides, fungicides, and intermediates, forming a complete industrial chain from intermediates to sales channels [2] - The company has successfully penetrated both domestic and international markets, selling products in 28 provinces and 2,098 cities/counties in China, and exporting to nearly 100 countries [2] Technological and Brand Advantages - The company has established a robust R&D platform with over 100 independent intellectual property rights and national-level new products [2] - It has received numerous awards, including "Best Supplier" in the global agrochemical industry and several "Chinese Famous Brand" titles [2]