Gelonghui April 7th 丨ST Red Sun (000525.SZ) disclosed its performance forecast for the first quarter of 2022. It is expected to achieve net profit attributable to shareholders of listed companies in the first quarter of 2022 2.8.6 billion yuan-3.1.8 billion yuan, a year-on-year increase of 1194.24%-1339.05%; net profit after deducting non-recurring profit and loss2.9 billion yuan-3.2.2 billion yuan, a year-on-year increase of 4664.64%-5190.76%

During the reporting period, the company seized the historical opportunity for steady growth in demand for green pesticides brought about by guaranteed food security and rigid demand. The main products continued the “sharp rise in volume and price” since the third quarter of 2021. Relying on the advantages of the “Big Three” green pesticide industry chain, on the one hand, by actively organizing production and developing domestic and foreign markets, the company achieved a development trend of sufficient long-term product orders, stable prices and sufficient goods; on the other hand, it continued to improve the company's efficiency through management innovation, cost reduction and efficiency. At present, the company's production, technology, and market are steadily improving. Technological innovation achievements and investment in technological reform are progressing in an orderly manner. The current production capacity has been fully utilized, and the capacity utilization rate of its main products remains at a high level.