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Recently, two more pesticide listed companies have disclosed their 2023 annual operating results, and the relevant details are as follows:
Xianda shares
On April 15, Xianda Co., Ltd. disclosed the 2023 annual performance report, during the reporting period, the company achieved operating income of 2482.4851 million yuan, a decrease of 20.58% over the same period of last year, a net profit attributable to shareholders of listed companies of -98.2819 million yuan, a decrease of 125.78% over the same period of last year, and a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of -110.6293 million yuan, a decrease of 126.33% over the same period of last year.
The announcement said that during the reporting period, the overall prosperity of the pesticide industry continued to decline in the first half of the year and slowed down in the second half of the year. In the first half of the year, pesticide prices continued to decline due to the dual pressure of high overseas inventories and the release of domestic production capacity. The sales price of the company's main products has fallen to varying degrees, and some products have suffered losses, resulting in a significant decline in the company's annual performance.
In addition, the performance forecast for the first quarter of 2024 disclosed by Xianda shares on the same day shows that according to the preliminary calculation of the company's financial department, the company's net profit in the first quarter is expected to be -15 million yuan to -12 million yuan, and there will be losses, and the non-net profit is expected to be -17.25 million yuan to -14.25 million yuan.
The announcement said that during the reporting period, the company faced difficulties under the situation of intensified competition in the industry, determined the company's strategy and business strategy, and strived to develop domestic and foreign markets, tap customer needs, and continue to promote lean management and strengthen cost control. Compared with the same period last year, the sales volume and profit of the company's preparation business have increased, the prices of some products of intermediates and active ingredients have stopped falling and stabilized, and the profit has increased year-on-year.
Xinnong shares
On April 9, Xinnong Co., Ltd. disclosed the 2023 annual performance report, during the reporting period, the company achieved operating income of 821.0323 million yuan, a decrease of 34.22% over the same period of last year, an operating profit of -29.57 million yuan, a decrease of 126.85% over the same period of last year, a net profit attributable to shareholders of listed companies of -25.3743 million yuan, a decrease of 125.02% over the same period of last year, and a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of -4359.44 10,000 yuan, a decrease of 147.46% over the same period last year.
The company said that in 2023, affected by factors such as industry cyclicality and market supply and demand, the inventory of pesticide channels will be digested slowly, causing the price of pesticide products to continue to fall. The gross profit margin of the company's preparation products was basically the same as that of the same period last year, but due to the excessive overall channel inventory of raw materials and intermediates, the demand of downstream customers decreased sharply, the volume and price of the company's main raw materials and intermediates fell together, the revenue decreased significantly, and some products suffered losses, which affected the impairment of the company's individual products.
However, according to the performance forecast for the first quarter of 2024, Xinnong shares are expected to achieve a profit of 28 million yuan to 30 million yuan, an increase of 159.44% to 177.97% over the same period of the previous year, a net profit of 22.6 million yuan to 24.6 million yuan, an increase of 594.68% to 656.16% over the same period of the previous year, and a basic earnings per share of 0.18 yuan/share to 0.19 yuan/share.
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............................................................ Please indicate in the following format for reprinting: Article source: Company announcementEditor: Peng Leyao Review: Zhai Yiting Producer: Zheng Hongyan