A survey of the domestic pesticide intermediate industry shows that the industry's profit growth rate has remained stable at over 15% in the past three years, with the profit margin remaining at around 13%. The industry is facing two positive factors in the future. Firstly, in the next three years, patents for pesticides will expire, and multinational pesticide giants will accelerate the transfer of non-core businesses such as intermediates to reduce capital expenditures and maintain their competitiveness in research and development and other fields. Secondly, under environmental pressure, the exit of domestic small and medium-sized production capacity will help improve the industry's concentration. Therefore, the intermediate industry is expected to maintain a good development momentum.

In the first half of the year, the company achieved an operating revenue of 1.454 billion yuan, a year-on-year decrease of 1.90%. The net profit attributable to shareholders of the listed company was 194 million yuan, a year-on-year increase of 18.75%. The earnings per share was 0.37 yuan. The performance was in line with our expectations. The company expects that the net profit for the first three quarters will increase by 10% to 30%.

Recently, a new clean production process for 356-trichloro-2-pyridine phenol sodium (referred to as trichloropyridine phenol sodium), an important intermediate used in the production of organophosphorus pesticides such as diazinon, methyl diazinon, and the herbicide Green Grass, has passed the scientific and technological achievement appraisal organized by the China Petroleum and Chemical Industry Federation in Shandong, China.

ChemChina News Network: A fine chemical project with an investment of 300 million yuan by Hubei Rizhi Technology Co., Ltd. and Yichang Renfu Pharmaceutical Co., Ltd. has recently been signed and settled in Yidu City, Hubei Province.