Group 1 - The core viewpoint is that while the pesticide industry is currently experiencing weak downstream customer demand and a destocking phase, long-term growth drivers such as global food security demand, environmental policies promoting efficient low-toxicity pesticides, and the transfer of raw material production capacity to the Asia-Pacific region remain unchanged [1] - Domestic policies are regulating market order through the "Zhengfeng Zhivol" initiative, promoting the industry's development towards high quality, despite short-term destocking pressures [1] - The company maintains that its core competitiveness, including advantages in the entire industry chain and technology, has not been significantly impacted, and the release of capacity from the 8,500-ton ketone project at the Tongling base has achieved self-sufficiency in key raw materials with expected economic efficiency [1] Group 2 - The company believes that although the industry is undergoing a short-term adjustment, the overall development trend aligns with policy direction [1]
贝斯美:2025年上半年农药行业下游客户需求仍偏弱,处于去库存阶段