On the morning of April 10th, heavyweight news came from the chemical industry that Wanhua Chemical had successfully acquired the special isocyanate business of France's Kangrui, including a production base near Grenoble, France. As an HDI giant, Kangrui has a production capacity of 70000 tons of HDI monomers in France. This acquisition can be regarded as a key milestone for Wanhua Chemical's global layout. Kangrui was once a leading global producer of HDI and its derivatives, with production bases in France, the United States, and Thailand. However, after the European energy crisis triggered by the Russia Ukraine war, its competitiveness sharply declined and its operations deteriorated, forcing it to enter the stage of judicial restructuring. And Wanhua Chemical seized the opportunity and took decisive action, not only gaining production facilities, but also incorporating Kangrui's sales channel brand in the European market, further consolidating its leading position in the specialty isocyanate industry and bringing it one step closer to its goal of becoming the world's number one.

2025.04.19

According to the Chinese website of World Agrochemical Network, recently, 95% of the technical substance of bensulfuron methyl from Jiangsu Fuding Chemical Co., Ltd. has been officially registered, with registration certificate number PD20250024. The first approval date is January 16, 2025, and the validity period is until January 15, 2030. This is the first successful registration certificate for bensulfuron methyl active ingredient by a domestic pesticide enterprise in China, marking a breakthrough from 0 to 1 in the field of bensulfuron methyl active ingredient by domestic enterprises in China. Benzoxystrobin is a urea herbicide developed and researched by BASF. It is a milestone compound in the class of protoporphyrin oxidase (PPO) inhibitors and has a wide range of crop applicability and excellent broad-leaved weed killing spectrum. It has great market potential for weed control in no tillage, non cultivated land, orchards, legumes, and wheat crops. At present, there are a total of 9 registered valid products of benzimidazole sulfonamide in China, including 2 raw materials and 7 formulated products. In addition to the 97.4% registered raw material of glyphosate by the original research enterprise BASF (BASF Europe), the other registered raw material is 95% registered raw material of glyphosate by Fuding Chemical. This time, Jiangsu Fuding Chemical Co., Ltd. successfully registered 95% of the raw material of bensulfuron methyl, injecting momentum into the development of China's pesticide industry in the high-end herbicide field and opening up the process of domestic production of bensulfuron methyl.

2025.04.21

Anhui Jiuyi Agriculture Co., Ltd. recently announced that its annual production of 5000 tons of propiconazole raw material synthesis project has been successfully completed and achieved production standards, marking a new leap for the company in the field of pesticide raw material manufacturing. Since its official launch in July 2022, the project has gone through an efficient and orderly construction phase. As of now, the project has undergone trial production and fine optimization, and has fully met the standards and reached production, officially entering large-scale production. Propiconazole, as an efficient and broad-spectrum fungicide, has broad application prospects in the agricultural field. As one of the first companies in China to register and list propiconazole products, Jiuyi Group has been deeply involved in the global market for many years and has accumulated rich experience in research and development as well as production. The raw material of propiconazole produced by the company obtained EU equivalent certification in 2019 and has been registered in countries such as Australia, Brazil, Canada, and Argentina. At the same time, registration work is being promoted in other countries such as the United States. It is worth mentioning that the FAO standard for propiconazole raw material of Jiuyi Group has been reviewed and will be officially released soon, indicating that the quality and production standards of Jiuyi Group's propiconazole raw material products have been recognized by international standards. At present, the project has successfully passed on-site audits by multiple multinational companies, laying a solid foundation for the company's future business expansion. With the smooth operation of the 5000 ton annual production of propiconazole raw material project, the company's production capacity will be greatly improved, which can better meet the needs of domestic and foreign markets. The successful achievement of the annual production of 5000 tons of propiconazole raw material project by Jiuyi Group's Chairman Shen Yunhe stated, "This demonstrates the ability of Jiuyi Group's research, engineering, and production teams to design, construct, and operate large-scale fine chemical projects. It is another important milestone in the company's development history. We will take this opportunity to continue to increase research and development investment, promote technological innovation and industrial upgrading, and continuously enhance the company's core competitiveness and market influence. At the same time, we will actively respond to the call for national green development, promote the application and promotion of pesticide reduction and efficiency improvement technologies, and contribute to the sustainable development of agriculture in China Looking ahead to the future, Jiuyi Group will continue to uphold the corporate spirit of "everything in the world is easy if done for a long time" and the development concept of "attentive service and constant innovation", adhere to product innovation leading industry development, and uphold the mission of "making chemical industry a green leaf". We will make unremitting efforts to produce better quality food for humanity and make greater contributions to global agricultural development.

2025.04.22

Recently, there have been frequent developments in the field of chemical raw materials, presenting a complex and full of opportunities in various aspects such as capacity construction, product price adjustment, and overseas market expansion. This series of changes not only reflects the internal structural adjustment of the industry, but also indicates the reshaping of the market supply and demand relationship, which has a profound impact on related enterprises and the entire chemical raw material industry ecosystem. The construction of production capacity presents a new trend In terms of capacity construction, the Chinese pesticide industry will be more cautious and rational in capacity investment in 2024. According to incomplete statistics from the World Agrochemical Network, the planned production capacity of pesticide raw materials decreased slightly that year, but still reached 2.2 million tons. There were 22 pesticide raw material products with a planned production capacity increase of more than 10000 tons. The investment and construction of popular bulk products such as glyphosate and propiconazole are still active, but the number of large-scale pesticide investment projects has decreased, and some enterprises' production capacity planning tends to be conservative. For example, due to stricter environmental policies in the eastern region, pesticide companies are gradually increasing their presence in other areas. At the same time, the planned production capacity of newly patented pesticide raw materials continues to grow, and some patented products are also planned in advance by enterprises. In addition, more than 40 pesticide intermediates are planned to have a production capacity of over 10000 tons, providing key support for bulk pesticide raw materials such as Shuangcao, Jingcao, and propiconazole, ensuring the supply of raw materials. The construction project of Gansu Beida Biotechnology Co., Ltd.'s annual production line for 4600 tons of pesticide raw materials is steadily progressing. The registration, environmental impact assessment, and energy assessment procedures have been completed, and the construction of office buildings and factories is expected to be completed for trial production in July this year. The project plans to build one production line each with an annual production capacity of 4000 tons of benzofenapyr and 600 tons of benzamide. The annual production of 89500 tons of pesticide raw materials project signed between Yumen City and Taixing Hongyang Chemical Co., Ltd., with a total investment of 1.18 billion yuan and covering an area of 610 acres, has completed company registration, park evaluation, and project filing, and is planned to start construction within the year. Adjustment in product price fluctuation From the perspective of product prices, since 2025, representative enterprises such as Taiyixin, Limin Shares, and Red Sun Shares have issued product price adjustment letters, which have attracted market attention to the trend of pesticide prices. According to analysis by Everbright Securities, the issuance of price adjustment letters by pesticide companies is the result of a combination of multiple factors. On the supply side, the global production capacity of key varieties such as Baijunqing is concentrated in Jiangsu, China. The National Development and Reform Commission's "double high" product catalog restricts the addition of new production capacity, resulting in insufficient supply elasticity. Taking Jiangsu Xinhe, in which Limin Holdings holds a stake, as an example, its Baijunqing production capacity accounts for 47% of the world's total, and its current inventory is at a historical low. On the demand side, pesticide products, as a rigid demand for crops, have obvious seasonality. According to the 2024 annual report of Yangnong Chemical, the peak season for pesticide formulation use is generally from March to September each year, and the peak season for the raw material market is earlier than that for the formulation market. During the strong demand for pesticides in spring, the prices of some pesticide raw materials have significantly rebounded. From a cost perspective, the significant increase in raw material prices, such as the rebound of glufosinate prices, has increased production costs. Looking ahead to the future, pesticide prices may exhibit characteristics of "structural differentiation and central upward shift". The price elasticity of fungicides is relatively high due to the tight supply and demand balance of varieties such as Baijunqing and Daisen manganese zinc; Varieties such as avermectin and methomyl in insecticides benefit from the demand for pest control such as fall armyworm in grasslands, and prices are expected to continue to rise; The herbicide is affected by the overcapacity of glyphosate, and the short-term rebound space is limited. However, after the long-term industry clearance, it may usher in a turning point. Progress has been made in expanding overseas markets There have also been new breakthroughs in expanding overseas markets. On April 2nd, Adama announced its innovative authorized raw material Feralla ® Approved by the European Union. In March 2025, the EU Standing Committee on Plants, Animals, Food and Feed approved the confirmation of Feralla ® As a low-risk active ingredient, it marks significant progress in the EU market launch process for this raw material. Expected to be the first based on Feralla ® The product will be launched in the UK in the second half of 2025 and subsequently in other European countries. Compared with existing iron phosphate products, Feralla ® It has the effect of quickly terminating the feeding of mollusks and excellent particle durability. Field experiments have shown that, Feralla ® The efficacy is significant, and within three days after application, the degree of crop damage can be reduced by 90%. The Desidro exclusive to Adama ® With the support of technology, the product's attractiveness and palatability to pests are enhanced, while reducing the concentration of raw materials, which helps achieve sustainable development goals. The unique multi-stage drying process of this technology can control the humidity of the product, ensuring that the end product has excellent anti mold performance and can withstand long-term high weathering, prolonging the field efficacy. Lier Chemical has also received positive news in overseas markets. An investor asked about the company's international sales and the impact of US tariff policies on the interactive platform. On April 21, Lier Chemical responded that in 2024, the company's international sales revenue accounted for 47%, and its products were exported to more than 30 countries and regions such as the United States, Canada, and Brazil, with exports to the United States accounting for a certain proportion. After verification, in the implementation of the "equivalent tariff" policy in the United States, the company's main raw material products are on the exemption list. However, the company continues to closely monitor the changes in tariffs on products exported to the United States, and maintains full communication and negotiation with customers to actively respond. The chemical raw material market is at a critical juncture of transformation, with changes in production capacity, prices, and overseas markets intertwined. Enterprises need to closely monitor these developments, seize opportunities, actively respond to challenges, and seek development in the constantly changing market environment. For investors, the improvement in performance of the pesticide sector resonates with expectations of price increases. Among the 34 companies in the basic chemical industry in the first quarter, the pesticide sector has the highest expected increase. For example, Limin Group expects a net profit attributable to shareholders of 100-120 million yuan in the first quarter of 2025; Jiangshan Group's net profit attributable to the parent company in the first quarter was 156 million yuan, a year-on-year increase of 89.1%, and the sector valuation is still at a low level. The opportunity for valuation recovery of leading stocks is worth paying attention to.

2025.04.23

Recently, the price of glyphosate has seen a significant increase. As a major pesticide product, its subtle upward trend has garnered widespread attention in the market. According to data from Baichuan, as of July 28th, the market price of glyphosate is around 26,000 yuan/ton, an increase of 3,000 yuan/ton from the price of 23,000 yuan/ton at the beginning of May. As the world's largest herbicide, the price fluctuation of glyphosate has always been driven by marginal changes in "demand - supply". The core driving force behind this round of price increase can be attributed to the demand resonance of "domestic demand as a foundation + external demand explosion". From the supply side, in the first half of this year, due to environmental protection-related production restrictions and fluctuations in hydropower supply, the prices of glycine and yellow phosphorus rose sharply, leading to a significant increase in raw material costs for enterprises. Some small and medium-sized production capacities were forced to shut down due to losses, and the overall operating rate of the industry continued to decline. At the same time, coupled with the disturbance of rumors of production suspension by the American giant Monsanto, against the backdrop of "low inventory + full orders", leading enterprises such as Xingfa Group and Xin'an Stock actively adopted the "limited shipment" strategy, and some enterprises even issued "August suspension of receiving orders" notices, further boosting the market sentiment of holding back sales and driving up prices. On the demand side, since May, major sales regions such as South America and Southeast Asia have successively entered the peak season for agricultural pesticides. In particular, procurement demand from countries like Brazil and Argentina has been concentrated and released, leading to a rapid increase in export orders for glyphosate enterprises. The quantity of glyphosate exported from China to South America has significantly increased, effectively driving up prices. It is reported that with the recent price increase, the gross profit margin of the glyphosate industry has started to turn positive. As of July 16th, the gross profit margin of the glyphosate industry stood at 2.54%, with a gross profit of 666 yuan per ton. Recently, Xingfa Group stated on its interactive platform that the rise in glyphosate prices has a positive impact on the company's agricultural chemical business. However, the specific amount of increased profits requires a comprehensive consideration of various factors such as the company's production capacity, cost structure, market sales strategy, and industry competition. If only considering the production capacity factor, an increase of 1,000 yuan per ton in glyphosate prices is expected to add approximately 200 million yuan per year to the company's profits. Industry insiders analyze that in the early stage, the glyphosate market faced strong supply and weak demand, resulting in low prices and significant cost pressures, with most active pharmaceutical ingredients (APIs) operating at a loss. However, with the improvement in demand driving up prices, glyphosate has turned from a loss to a profit. Supported by robust supply and demand, there is still potential for an increase in glyphosate prices in the short term, and its market dynamics will continue to be closely monitored both within and outside the industry.

2025.07.31

Recently, the chemical raw material market has witnessed a series of new changes, with price fluctuations and project construction becoming the focal points of the market. On July 25th, two companies, Changqing Stock and Shandong Binnong, issued a price adjustment notice for metolachlor. Due to the continuous and significant rise in the prices of key raw materials upstream of metolachlor, resulting in increased production costs, the two companies have decided to raise the price of metolachlor technical to 25,800 yuan/ton from today. This price adjustment reflects the direct impact of raw material costs on the price of chemical technicals, and has also sparked market attention to the subsequent price trends of related pesticide products and changes in market supply and demand. Meanwhile, the fungicide market has also exhibited different performances. According to the China Petroleum and Chemical Network on July 28, triazole products are in the peak season replenishment stage, with price fluctuations consolidating. Among them, the quotation for difenoconazole technical is 88,000 yuan/ton, and the quotation for tebuconazole technical is 50,000 yuan/ton. The market is dominated by rigid demand for stocking, with a higher number of export inquiries. Due to tight market supply and difficulty in obtaining spot goods, the quotation for tricyclazole technical reaches 66,000 yuan/ton. In addition, the market for pyraclostrobin technical is consolidating in stages, with a quotation of 150,000 yuan/ton; azoxystrobin technical is mainly for rigid demand replenishment, with a quotation of 140,000 yuan/ton. In terms of project construction, there have also been new advancements in the field of chemical active pharmaceutical ingredients (APIs). Recently, the Shanghe Branch of the Jinan Municipal Ecological Environment Bureau accepted and publicized the "Shandong Aokun Crop Science Co., Ltd.'s Annual Production of 120,000 Tons of Green and Environmentally Friendly API/Intermediates and Pesticide Compound Expansion Project (Phase I)". This project is a major implementation project in Shandong Province in 2025, with a total investment of 300 million yuan for the first phase. Upon completion, it will produce 20,000 tons of API/intermediates and 100,000 tons of pesticide compound formulations annually. The main products include various formulations such as herbicides, insecticides, and fungicides. The construction of this project is expected to further enhance the production capacity of chemical APIs in Shandong Province, optimize the product structure, and have an impact on the supply pattern of the domestic chemical API market. Overall, driven by cost factors, some product prices in the chemical raw material market have been adjusted recently. Meanwhile, the announcement of new projects indicates potential changes in industry capacity. The subsequent market dynamics merit continuous attention.

2025.08.01

Recently, the chemical active pharmaceutical ingredient (API) sector has been buzzing with activities, with price fluctuations and project construction becoming focal points in the industry. These numerous changes are exerting a profound impact on the market landscape. In terms of prices, several enterprises have adjusted the prices of active pharmaceutical ingredients (APIs). On August 1st, Red Sun (000525.SZ), once known as the "world's super-efficient insecticide production kingdom," issued a price adjustment letter, announcing that the price of 42% paraquat API has risen to 15,000 yuan/ton, with the formulation prices being adjusted simultaneously. A staff member from the securities department of Red Sun stated that the company's total production capacity of paraquat API is approximately 32,000 tons, which can produce about 100,000 tons of 42% paraquat API. The price increase this time is about 25%. The reasons for the price increase include the complex international market environment, fluctuations in raw material prices, growing market demand, and high temperatures. Previously, the Pacific Securities Weekly Report in mid-July showed that overseas orders for paraquat continued to be released, indicating a positive demand trend. As of July 13th, the average market price of paraquat was 13,000 yuan/ton, an increase of 800 yuan/ton from July 3rd, representing a 6.56% increase. Additionally, on July 25th, Evergreen Stock also issued a notice stating that due to a significant increase in the prices of key raw materials upstream of refined metolachlor, resulting in higher production costs, the price of refined metolachlor API will be adjusted upward to 25,800 yuan/ton from today. In terms of project construction, achievements have been continuously made. Recently, the Jinzhou Ecological Environment Bureau accepted and publicized the environmental impact assessment report for the expansion project (Phase II) of Jinzhou Yijia Technology Co., Ltd.'s fine chemical products. The project plans to invest 46 million yuan to reconstruct on the basis of Phase I, and intends to build one 2000t/a amicarbazone (ACB) production line and one 3000t/a propanil (PPN) production line in the DCMT production plant area that has been shut down. The project of Huludao Tianqi Shengye Chemical Co., Ltd. with an annual output of 5000 tons of propanil technical also received acceptance and publicity on relevant websites for environmental impact assessment. To adapt to market and its own development, the construction unit invested 15 million yuan to build this project, constructing a new Class A production plant for propanil technical with a designed output of 5000t/a. Earlier, on April 21st, Shandong Youdao Chemical Co., Ltd. obtained registration approval for its chlorfenapyr technical from the US Environmental Protection Agency (EPA), becoming the first Chinese enterprise to independently register this product in the US, marking a significant breakthrough in its layout in the international pesticide market. Prior to this, on May 27th, an explosion accident occurred in a workshop of Youdao Chemical, affecting multiple stocks in the agricultural chemical sector to reach their daily limit. Youdao Chemical is the world's largest producer of chlorfenapyr technical, and although this accident affected short-term supply, in the long run, global chlorfenapyr production capacity is in surplus, and domestic enterprises such as Lier Chemical and Red Sun can play a complementary role in terms of production capacity. In addition, the technical material of chlorimuron-ethyl, applied by Inner Mongolia Jiarui Mi, a wholly-owned subsidiary of Dalian Jiuxin, has been officially registered by the Ministry of Agriculture and Rural Affairs of China, with the registration number PD20251571 and a total effective ingredient content of 97.5%. Jiarui Mi's chlorimuron-ethyl technical material adopts internationally advanced synthesis technology, leading in purity and stability, with an annual supply capacity of up to 500 tons. The chemical active pharmaceutical ingredient (API) market continues to develop, driven by both price and project factors. Its future trend will continue to be influenced by multiple factors such as raw material prices, market demand, policies and regulations, and project construction progress, which deserves continuous attention from the industry.

2025.08.02

Recently, the market for chemical active pharmaceutical ingredients has exhibited a relatively pronounced trend of price volatility, with various active pharmaceutical ingredients experiencing price increases or decreases to varying degrees due to factors such as changes in supply and demand. Among them, the price of clethodim technical has seen a prominent increase. As of June 15, 2025, the quoted price of clethodim technical has surpassed the 140,000 yuan/ton mark. The main reason for this price rise lies in the dual pressures of limited supply and early release of demand. On the supply side, the tight supply of key intermediates such as propionyl triketone and chloramine has restricted the release of technical production capacity. Despite the major domestic production enterprises maintaining full-load production, it is still difficult to meet market demand. On the demand side, the domestic pesticide market entered the traditional peak season for stocking in June, and at the same time, the procurement season in the southern hemisphere arrived, leading to a surge in short-term market demand and rapid depletion of inventory. The industry predicts that the price of clethodim technical will remain high in the short term. If the relevant production-halting enterprises do not resume production, the price may fluctuate at a high level of 160,000 to 180,000 yuan/ton from July to September. In addition, the price of chlorantraniliprole technical has also been affected by a recent incident. On May 27th, an explosion occurred in a workshop of a chemical enterprise in Gaomi, Shandong, which is the world's largest producer of chlorantraniliprole technical. Affected by this incident, the price of chlorantraniliprole technical rose to 250,000 yuan/ton on May 28th, an increase of about 10% compared to before the accident. Previously, due to capacity expansion, the price of chlorantraniliprole technical had once fallen, but since the beginning of this year, coupled with the peak demand during the spring plowing season, the price has rebounded, and this accident has further pushed the price up. The price of paraquat technical also fluctuates. In early July, the price of 42% paraquat technical has risen to 14,000 yuan/ton, and the prices of related formulations have also been adjusted accordingly. Meanwhile, due to high volatility in the prices of basic chemical raw materials and the continuous rise in international logistics costs, the price of fluoroglycofen-ethyl (fluroxypyr) technical has been increased by 15%. Overall, the recent market for chemical active pharmaceutical ingredients has been affected by various factors, resulting in frequent price fluctuations. Close attention should be paid to changes in factors such as raw material supply, enterprise production conditions, and market demand to predict future trends.

2025.08.04

On May 27th, an explosion accident occurred in a workshop of Shandong Gaomi Youdao Chemical Co., Ltd. Youdao Chemical is the world's largest producer of chlorfenapyr technical with the most comprehensive industrial chain, with a production capacity of 11,000 tons per year, accounting for about 60% of the total actual domestic production. The accident has had a significant impact on the market for chlorantraniliprole technical. After the accident, the price of chlorantraniliprole technical rapidly increased, rising from 230,000 yuan/ton before the accident to 250,000 yuan/ton. Some analysts believe that the explosion at Youdao Chemical may lead to a production halt of at least three months, and the price may further climb to 300,000 yuan/ton in the short term. However, in the long run, with a global production capacity of about 50,000 tons and an annual demand of about 10,000 tons, the production capacity is in a state of excess. Domestic enterprises such as Lier Chemical and Red Sun are expected to fill the gap in time, and supply is expected to gradually recover.

2025.08.05

Recently, the field of chemical raw materials, matrine, has witnessed remarkable achievements, spanning from market dynamics to scientific breakthroughs, with significant progress made in various aspects. While promoting industrial development, it has also brought new opportunities to related application industries. Market demand is on the rise, and the industrial scale is expanding With the increasing global demand for green and low-toxicity products, matrine, as a natural plant-derived chemical active ingredient, has exhibited a vibrant market performance. In the first half of 2025, the domestic matrine market reached a scale of 850 million yuan, marking a 12% increase compared to the same period last year. In the agricultural sector, farmers' awareness of green pesticides has deepened, coupled with policy incentives promoting the development of green agriculture, leading to a continuous rise in demand for matrine pesticide formulations. Data indicates that sales of registered matrine pesticide products increased by 15% year-on-year in the first half of the year, effectively replacing some highly toxic chemical pesticides for pest control in vegetables, fruits, and grain crops. In the pharmaceutical market, drugs containing matrine are widely used in the treatment of liver diseases and adjuvant therapy for tumors, resulting in steady growth in related drug sales. Expansion of application fields, continuous release of potential The application landscape of matrine is continuously expanding. In forestry, many regions have achieved remarkable results in using matrine to prevent and control forest pests. For example, in Ergun City, drones were used to spray matrine, successfully curbing the damage of the poplar webworm to birch forests. 6,000 acres of forest land were effectively treated, and the spread of pests was significantly alleviated. Wangcang County also selected 0.5% pyrethrin-matrine solution and used aerial spraying to protect over 20,000 acres of forest land from pests such as the Sichuan cypress webworm. In the daily chemical industry, Shenzhen Shanhai Innovation Technology Co., Ltd. successfully registered a new raw material, "matrine caffeate". Combining the advantages of matrine and caffeic acid, it has antioxidant, anti-inflammatory, antibacterial, and other effects, and its stability and safety have been improved, providing new ideas for the innovation of cosmetic raw materials. At the scientific research level, a team from the Second Military Medical University found that matrine can target annexin A2, activate tumor-associated antigen presentation, alleviate immune tolerance in liver cancer, and bring new directions to tumor immunotherapy. Another study showed that oxymatrine can inhibit the formation of biofilm of Malassezia, demonstrating potential in the treatment of skin diseases. Regulate market order and ensure product quality While the market is thriving, regulation is being strengthened. Recently, the Market Supervision and Administration Bureau of Yilong New Area investigated and dealt with a case of counterfeit matrine. The matrine (Jiamanxing) purchased by 8 bamboo mushroom growers, including Peng Famin, resulted in crop yield reduction due to label issues and inconsistent efficacy. After mediation, the seller compensated the farmers with 223,500 yuan. This incident demonstrates the determination of regulatory authorities to maintain market order and protect farmers' rights and interests. It also reminds businesses and consumers to pay attention to product quality and promote the healthy development of the industry. Driven by market demand, application expansion, and scientific research innovation, matrine boasts a broad development prospect due to its green and multifunctional characteristics. In the future, with technological advancements and market standardization, matrine is expected to exert greater value in more fields, facilitating green and sustainable development in industries such as chemical engineering, agriculture, and medicine.

2025.08.06