Jiangsu Changqing Agrochemical Co., Ltd. 2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Jiangsu Changqing Agrochemical Co., Ltd. (hereinafter referred to as the "Company") strictly adhered to the provisions of the "Company Law," "Securities Law," "Shenzhen Stock Exchange Stock Listing Rules," and other relevant laws and regulations, as well as the "Articles of Association" and "Rules of Procedure for Board Meetings." With a sense of responsibility to all shareholders, the Board diligently performed its duties, acted with integrity and diligence, and conscientiously fulfilled its obligations and exercised its powers. The Board diligently implemented all resolutions of the shareholders' meetings, actively and effectively carried out its work, continuously standardized the Company's operations, improved its corporate governance, and fulfilled its information disclosure obligations in a timely and complete manner, thus successfully completing its tasks for 2025. The Board's work in 2025 is hereby reported as follows:
I. 2025 Operating Performance
Due to factors such as inventory backlog, a temporary slowdown in market demand, and falling product prices, the overall sentiment in China's pesticide industry was under pressure. In 2025, as channel inventory gradually decreased, the supply-demand relationship in the industry improved compared to the previous period. Prices for some products stabilized, and the industry's overall performance showed signs of stabilization. Under the leadership of the Board, the Company diligently implemented the goals and tasks set at the beginning of the year, focusing on market sales, technological research and development, safety production, and internal management. In 2025, the Company achieved operating revenue of 3,685.6372 million yuan, a year-on-year increase of 4.58%. Net profit attributable to shareholders of the listed company was 40.5388 million yuan, a year-on-year increase of 133.80%. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 33.5578 million yuan, a year-on-year increase of 126.78%. As of December 31, 2025, the Company's total assets were 8,720.3035 million yuan, an increase of 0.92% from the beginning of the year. Net assets attributable to shareholders of the listed company were 4,250.1577 million yuan, an increase of 0.51% from the beginning of the year.