Guoguang in the first quarter withholding non - net profit year-on-year growth of 67%

 Guoguang issued a report in the first quarter of 2023, saying that the company achieved a operating income of 335 million yuan during the reporting period, with a year-on-year growth of 40.27%. Net profit returned to the mother was 55 million yuan, up 33.41% year on year. Non-net profit deduction of 54 million yuan, a year-on-year growth of 66.66%.

Guoguang said that there are two main reasons for the growth in the first quarter: one is the first quarter of this year compared to the increase of Hebi Quanfeng and table data. Second, in addition to the balance sheet factors, the company's operating income also achieved about 20% growth. In addition, upstream raw material prices have declined since the second half of last year, so the increase in the company's revenue and profit in the first quarter was mainly due to changes in the scope of consolidation and sales growth.

In recent years, Guoguang has further integrated the plant growth regulator industry through mergers and acquisitions, and has formed five marketing business segments and five product production bases. The company is dominated by county-level dealers, and its marketing work has been extended to villages and towns and even farmers. At present, there are more than 4500 dealers (over 50% more than last year), and there are about 20 retailers downstream of each agrochemical dealer.The channel construction is constantly improving.

In 2022, the number of certificates increased significantly, from two aspects: first, Hebi Quanfeng increased 80 pesticide certificates and 8 fertilizer certificates; Second, in order to expand the product line, the company's product R&D department and the application promotion department cooperate closely to strengthen the application R&D, application testing, product registration. By the end of 2022, the company had 31 certificates of plant growth regulators (an increase of 72% over the previous year) and 87 certificates of formulations (an increase of 38% over the previous year), making it the company with the largest number of registered varieties of plant growth regulators in China.

Guoguang Garden was invested and established in 2020. In 2022, the revenue of Guoguang Garden was 276 million yuan, a year-on-year decrease of 11.25%. In order to further implement the company's development strategy, the company carried out joint-stock transformation of Guoguang Garden in September 2022, and completed the joint-stock transformation in early November of that year, taking a solid step towards deepening the non-agricultural drug use market segment and expanding and strengthening the company's non-agricultural drug use business.

Guoguang has an annual production capacity of 14,500 tons of pesticide technicals, 88,850 tons of pesticide formulations, 13,800 tons of water-soluble fertilizer and 60,000 tons of bio-organic fertilizer/bacterial fertilizer. The convertible bond financing projects "Relocation Technical Transformation Project of efficient, safe and environmentally friendly preparation production line with Annual output of 22,000 tons" and "Relocation Technical Transformation Project of Water-soluble fertilizer (special fertilizer) production line with annual output of 50,000 tons" have completed the site leveling project of the construction land and will be completed in October 2025. Annual output of 15,000 tons of technical and intermediate synthesis production project" is going through land acquisition procedures