[中报]润丰股份(301035):2026年半年度报告说明（英文版）

时间：2026年08月21日 17:47:21 中财网

原标题:润丰股份:2026年半年度报告说明（英文版）

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Currency RMB	H1 2026	H1 2025	% ▲	Note
Sales Revenue	7,441,632,955.92	6,530,775,333.21	13.95%	North America and Europe markets growing rapidly
Gross Margin（%）	24.29%	21.42%	287bps	Higher Model C Business with improved gross margins across major product lines
EBITDA	1,172,692,803.76	815,410,474.59	43.82%	Revenue and gross margin rate both up
EBITDA Profit（%）	15.76%	12.49%	327bps	Gross margin rate improvement and optimized expense control
Net Profit Attributable to the Owner of Parent	501,857,209.50	555,603,360.29	-9.67%	FX losses weighed on parent net profit
Net Operating Cash Flow	125,085,693.78	893,182,242.16	-86.00%	Due to higher raw material procurement

Currency RMB	H1 2026	H1 2025	% ▲	Note
Selling & Distribution Expenses	391,376,318.20	340,844,593.06	14.83%	Mainly due to increased employee compensation, sample expenses, export credit insurance, and travel costs during the reporting period
General & Administrative Expenses	276,698,496.35	253,142,837.69	9.31%	Higher administrative expenses mainly due to increased employee compensation, IT costs, and travel costs
R&D Expenses	100,152,805.72	83,428,312.99	20.05%	Primarily due to increased R&D staff payroll during the reporting period.

Currency RMB	Q2 2026	Q2 2025	% ▲	Note
Sales Revenue	4,250,442,039.33	3,844,489,498.82	10.56%	North America and Europe markets growing rapidly
Gross Margin（%）	24.67%	22.92%	175bps	Higher Model C shares, with improved gross margins across major product lines
EBITDA	702,832,188.61	537,959,601.08	30.65%	Revenue and gross margin rate both up
EBITDA Profit（%）	16.54%	13.99%	255bps	Gross margin rate improvement and optimized expense control
Net Profit Attributable to the Owner of Parent	336,551,087.03	298,860,730.79	12.61%	Revenue growth and gross margin improvement
Net Operating Cash Flow	767,237,442.94	959,942,509.21	-20.07%	Due to higher inventory purchases

Currency RMB	Q2 2026	Q2 2025	% ▲	Note
Selling & Distribution Expenses	207,716,703.41	179,977,396.99	15.41%	Mainly due to increased employee compensation, sample expenses, and registration fees
General & Administrative Expenses	145,413,759.03	126,886,423.26	14.60%	Mainly due to increased employee compensation and travel expenses
R&D Expenses	53,763,886.57	41,949,748.20	28.16%	Primarily due to higher R&D payroll

Latin America 31.98%

North America 6.47%

Europe 11.83%

Middle East/Africa 15.90%

Asia (China inclusive) 29.39%

Oceania 0.37%

Latin America 40.62%

North America 0.82%

Europe 8.59%

Middle East/Africa 16.49%

Asia (China inclusive) 25.80%

Oceania 5.57%

Latin America 26.69%	North America 13.36%	Europe 8.91%	Middle East/Africa 9.91%	Asia (China inclusive) 16.33%	Oceania 6.24%
Latin America 25.55%	North America 8.76%	Europe 7.60%	Middle East/Africa 10.76%	Asia (China inclusive) 16.40%	Oceania 5.37%

Model C Model A + 47.77% Model B 52.23%

Other 1.50% Fungicide 10.01% Insecticide 16.20% Herbicide 72.29% Q2 2026