On April 29, Nanjing Red Sun Co.Ltd(000525) ( Nanjing Red Sun Co.Ltd(000525) ) released the annual report of 2021 and the report of the first quarter of 2022. In 2021, the company realized an operating revenue of 4.683 billion yuan, a year-on-year increase of 16.44%; The net profit attributable to shareholders of listed companies was -3.744 billion yuan. In the first quarter of 2022, the company achieved an operating revenue of 1.528 billion yuan, a year-on-year increase of 77.57%; The net profit attributable to shareholders of listed companies was 306 million yuan, a year-on-year increase of 128289%.
Statistics show that red sun, founded in 1991, is a global and whole industry chain agricultural life science high-tech enterprise with green pesticides, animal nutrition and the scientific research and manufacturing of “three drugs” intermediates integrating upstream and downstream as its main business and international trade, agricultural materials chain and rural cloud merchants as its market support. After 31 years of struggle by craftsmen, it has developed into a whole green pesticide industry chain with “three major” and “world leading, independent and controllable” in the world. The company ranks among the top 500 Asian brands and the top 100 Chinese patents, forming an exclusive core competitiveness advantage from “basic raw materials + intermediates + technical drugs + preparations + foreign markets in China”, and becoming a responsible enterprise with “five major” industrial barriers that drive the employment of “10000” small and medium-sized enterprises and more than “100000” people.
The annual report shows that the company’s performance suffered a large loss in 2021. In 2022, the company made a good start and handed over a report card that the net profit attributable to the parent increased by nearly 13 times. According to the forecast of the first quarterly report previously released by the company, in the first quarter of 2022, the company seized the historical opportunity of stable growth in demand for green pesticides brought by ensuring food security and rigid demand, and the main products continued the favorable situation of “simultaneous rise in volume and price” since the third quarter of 2021. Relying on the advantages of the “three major” green pesticide industry chain, on the one hand, it has steadily improved its revenue level by actively organizing production and opening up markets outside China, and achieved a development trend of sufficient long-term product orders, stable price and sufficient goods; On the other hand, through management innovation, cost reduction and efficiency increase, the company’s efficiency can be continuously improved. At present, the company’s production, technology and market are stable and improving, the achievements of technological innovation and investment in technological transformation are advancing in an orderly manner, the existing capacity has been brought into full play, and the capacity utilization rate of main products has been maintained at a high level.
Looking forward to the future, the company said that it would seize the historical opportunity of the stable growth of the demand for green pesticides brought by ensuring food security and rigid demand, and rely on the advantages of the “three” green pesticide industry chain. First, actively organize production and explore markets outside China to steadily improve the revenue level; Second, continuously improve the company’s efficiency through management innovation, cost reduction and efficiency increase; Third, accelerate the construction progress of new projects and form new performance growth points.
