According to information, Meibang Co., Ltd. was established on August , . It is a chemical raw materials and chemical products manufacturing company focusing on the research and development, production, sales, and agricultural technology promotion and services of pesticide products. The company was listed on the main board of the Shanghai Stock Exchange in September .
In , the agrochemical industry will generally show a downward trend due luxembourg phone number list to factors such as the domestic and international economic situation.
The downturn in the industry also had a significant impact on the production and operation of Meibang Shares. In , the company achieved operating income of million yuan, a decrease of . from the same period last year; the net profit attributable to shareholders of the listed company was . million yuan, a sharp decrease of . from the same period last year.
Although Metersbonwe achieved revenue growth in , its net profit fell sharply and it suffered a loss in the third quarter.
As of September , , Metersbonwe's operating income reached million yuan, a yearonyear increase of .. However, its net profit attributable to shareholders of the parent company decreased by . yearonyear, which made investors begin to doubt the company's profit model.
In terms of dividends, Meibang shares have not paid any dividends since their listing, and have been somewhat reserved in their profits.
In addition, the challenges faced by the company include increased period expenses, growth in accounts receivable and tight cash flow. In the future, we need to pay attention to its performance in cost control and market expansion.