BSM is expected to make anet profit of 44 million to 52 million yuan, with full orders of Pendimethalin in the first quarter of 2023,

BSM recently released the first quarter of 2023 performance forecast, the cnet profitattributable to shareholders of listed companies 44 million yuan to 52 million yuan, an increase of 42.20% to 68.05% compared to the same period last year.

During this reporting period, thecompany adheres to the established strategy, implements cost reduction andefficiency improvement, and has full orders for main products, stable andorderly production, and stable product prices from the previous month, whichmakes the company's operating performance expected to increase compared withthe same period last year. It is estimated that the non-recurring profit andloss of the company in the first quarter of 2023 will affect the net profit ofabout 1.3 million yuan.

Data show that the main products of BSMare technicals, intermediates and formulations of the environmentally friendly,highly efficient and low-toxicity pesticide PendimethalinIn, and the pesticide industry chain consists of pesticide intermediates, pesticide technical synthesis and formulation processing.