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Guoguang Co., Ltd.: Report for the first quarter of 2025
Sichuan Guoguang Agrochemical (002749) Dynamic Research Report: Profits will reach a new high in 2024, and there is a vast space for comprehensive crop solutions.
Investment highlights: Core product plant growth regulators continue to gain momentum, achieving a revenue of 1.986 billion yuan in 2024, a year-on-year increase of 6.79%; achieving a net income attributable to the parent company of 0.367 billion yuan, an increase compared to the previous year.
Sichuan Guoguang Agrochemical (002749): Net income grew by 24.49% year-on-year after excluding non-recurring items, with a cumulative dividend payout ratio of 114.86%.
In 2024, the net income after deductions increased by 24.49% year-on-year. The company achieved revenue of 1.986 billion yuan in 2024, a year-on-year increase of 6.79%, with a net income after deductions of 0.361 billion yuan, also up by 24.49% year-on-year.
Sichuan Guoguang Agrochemical: The company's regulator product prices are relatively stable.
On March 31, Gelonghui reported that Sichuan Guoguang Agrochemical recently stated during an Institutional survey that the prices of their regulating agent products are relatively stable. There are two reasons for the increase in the gross margin of regulating agents last year: first, the raw material prices in the first three quarters of last year were lower year-on-year, and second, the jiegoutiaozheng for products in 2024 will increase the sales proportion of high gross margin products. In recent years, the company's gross margin for regulating agents has remained relatively stable. The fluctuations in the prices of upstream raw materials for regulating agents are primarily influenced by supply and demand conditions, so if the supply and demand relationship is relatively stable, the likelihood of significant fluctuations in raw material prices is small.
Sichuan Guoguang Agrochemical Co., Ltd. Recorded A 8.8% Miss On Revenue: Analysts Are Revisiting Their Models
Sichuan Guoguang Agrochemical (002749): Performance hits a record high with rapid revenue growth in multiple regions.
Event. On March 27, 2025, Sichuan Guoguang Agrochemical published its 2024 annual report, achieving revenue of 1.986 billion yuan for the year, a year-on-year increase of +6.79%; net income attributable to the parent was 0.367 billion yuan, a year-on-year increase of +21.52%.