Zhejiang Xinnong Chemical (002942.SZ) expects a net profit of 52-60 million yuan in 2024, turning losses into profits compared to the previous year.

Zhejiang Xinnong Chemical (002942.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 52-60 million yuan for the full year, turning losses into profits year-on-year. During the reporting period, the company actively responded to the competitive situation in the agrochemical industry, firmly established its strategic and business strategies. The formulation business continued to deepen and optimize channel and brand building, constantly improving the technical marketing strength of the formulation business; the industrial products business (intermediates and APIs) focused on strategic customers, strengthened market research and analysis according to established policies and strategies, and explored customer needs, enhancing cost control. Both business segments achieved simultaneous growth in revenue and profits.