According to the Zhitong Finance App, ST Hongtaiyang (000525.SZ) released a performance forecast for the first quarter of 2022. During the company's performance forecast period, net profit attributable to shareholders of listed companies is expected to be 286 million yuan - 318 million yuan, up from the same period last year: 1194.24% - 1339.05%; net profit after deducting non-recurring profit and loss: 290 million yuan - 322 million yuan, up from the same period of the previous year: 4664.64%190.76%; basic profit per share: 0.4924 yuan/share -- 0.5475/share.

The announcement said that during the reporting period, the company seized the historical opportunity for steady growth in demand for green pesticides brought about by safeguarding food security and rigid demand. The main products continued the favorable situation of “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, steadily increased revenue levels through active organization of production and development of domestic and foreign markets, and achieved a long-term development trend of sufficient product orders and stable prices; on the other hand, through management innovation, cost reduction and efficiency, the company's efficiency was continuously improved. 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.