Jiangsu Yangnong Chemical (600486) H1 2025 earnings summary

Executive summary

• Achieved sales revenue of RMB 6.23 billion in H1 2025, up 9.38% year-over-year, with net profit attributable to shareholders of RMB 806 million, up 5.6% year-over-year.

• Maintained industry-leading position despite global economic headwinds, geopolitical risks, and weak agrochemical market demand.

• Focused on cost reduction, efficiency improvement, and rapid commercialization of new products, with significant progress in project ramp-up and patent achievements.

Financial highlights

• Operating income: RMB 6.23 billion, up 9.38% year-over-year.

• Net profit attributable to shareholders: RMB 806 million, up 5.6% year-over-year.

• Operating cash flow: RMB 1.73 billion, down 34.34% year-over-year due to increased raw material purchases.

• Basic and diluted EPS: RMB 1.996, up 6.29% year-over-year.

• Gross margin: 23.6% (calculated from disclosed data).

Outlook and guidance

• Industry faces continued challenges from global economic slowdown, trade frictions, and supply chain disruptions.

• Structural opportunities remain due to food security policies and resilient global grain demand.

• Company to focus on product differentiation, supply chain resilience, and expansion in Southeast Asia and Latin America.