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On August 21, Changqing Shares (002391) released its 2024 semi-annual report. The report shows that in the first half of 2024, the company achieved operating income of 1.942 billion yuan, a year-on-year decrease of 3.10%; net profit attributable to shareholders of listed companies was 19.4155 million yuan, a year-on-year decrease of 88.75%; net cash flow from operating activities was 294 million yuan, a year-on-year increase of 265.05%.

The report states that in the first half of 2024, the market demand for pesticides will remain sluggish and product prices will continue to decline, posing great challenges to the company's production and operation. Under the leadership of the board of directors, the company conscientiously implements the various goals and tasks set at the beginning of the year, focusing on market sales, safe production, evacuation and relocation, and internal management.

It is understood that during the reporting period, Changqing Co., Ltd.'s sales staff took the initiative to go abroad to understand the market demand for pesticides, seize customer orders, optimize product structure, and further increase the sales proportion of formulations. Among them, the herbicide product segment had an operating income of 923 million yuan in the first half of the year, accounting for 47.53% of the operating income, an increase of 0.64% over last year. In addition, the company actively and effectively organized production, fully implemented safety production responsibilities, and rationally allocated production capacity in combination with market changes, so that the production equipment was safely and smoothly operated.

In terms of safe production, the company actively promotes refined management at the production site, and is the first in the domestic industry to establish and adopt an automated monitoring platform that integrates computer-controlled DCS, fire protection, and video surveillance systems. This not only ensures safe production, but also effectively improves the yield, reduces the consumption of raw materials, and reduces production costs. The synthetic yield of the company's main product technical has reached or is close to the level of internationally renowned pesticide companies, and is in a leading position in China. The company has ensured that the gross profit margin of the company's main business has remained at a high level through the continuous improvement of various production processes, equipment, and technologies and the popularization and promotion of "standardized" workshops. The annual report shows that in the first half of 2024, the company's pesticide business segment had operating income of 1.891 billion yuan and a gross profit margin of 11.69%.