Core Viewpoint - Taihe Co., Ltd. is set to go public with an issuance price of 10.27 yuan per share, focusing on the research, production, and sales of pesticide products and functional chemicals [1] Group 1: Business Overview - Taihe Co., Ltd. specializes in the development, production, and sales of pesticide products and functional chemicals, emphasizing the principle of maintaining a continuous technological advantage in its products [1] - The company's core products include significant market leaders such as the fungicide pyraclostrobin, the herbicide 2,4-D, and the protective fungicide chlorothalonil, with pyraclostrobin being the world's largest fungicide and 2,4-D being the largest herbicide of its kind [1] - Taihe has established long-term strategic partnerships with multinational companies like Syngenta, Dow, and Honeywell, with exports covering major markets in South America, North America, Southeast Asia, and Europe [1] Group 2: Financial Performance - From 2021 to the first half of 2024, Taihe's operating revenues were 3.579 billion yuan, 5.099 billion yuan, 3.868 billion yuan, and 1.959 billion yuan, while net profits attributable to the parent company were 398 million yuan, 649 million yuan, 346 million yuan, and 106 million yuan respectively [2] - Research and development expenditures during the same period were 121 million yuan, 181 million yuan, 149 million yuan, and 61.016 million yuan [2] Group 3: Strategic Initiatives - The company aims to enhance the production capacity of its key product, pyraclostrobin, and scale up the production of newly developed pesticide raw materials, while also establishing a research and development center [3] - These initiatives are expected to diversify the product range, optimize product structure, and strengthen innovation in products and technology, thereby consolidating and enhancing the company's market position and overall competitiveness [3]

Core Viewpoint - 泰禾股份 is initiating its IPO with a share price of 10.27 yuan and a PE ratio of 13.4 times, focusing on the research, production, and sales of pesticide products and functional chemicals [1] Company Overview - 泰禾股份 specializes in the development, production, and sales of pesticide products and functional chemicals, holding a leading position in key products such as 百菌清, 嘧菌酯, and 2,4-D [1] - The company leverages its proprietary technology and extensive manufacturing management experience to serve global customers, establishing itself as a group manufacturing enterprise with industry-leading capabilities [1] Financial Performance - The company reported revenues of approximately 35.79 billion yuan, 50.99 billion yuan, 38.68 billion yuan, and 19.59 billion yuan for the years 2021, 2022, 2023, and the first half of 2024, respectively [2] - Net profits for the same periods were approximately 4.31 billion yuan, 6.62 billion yuan, 3.38 billion yuan, and 1.1 billion yuan [2] Asset and Liability Metrics - As of June 30, 2024, total assets amounted to 51,014.19 million yuan, with equity attributable to shareholders at 28,608.27 million yuan [3] - The company's asset-liability ratio for the parent company was 23.86% and for the consolidated entity was 35.72% [3] Strategic Partnerships - 泰禾股份 has established long-term strategic partnerships with multinational companies such as Syngenta, Dow, and Honeywell, enhancing its market presence in regions including South America, North America, Southeast Asia, and Europe [2]