Lier Chemical (SZ:002258) Xin Lang Cai Jing·2025-11-21 12:35Group 1 - The company Jiuyuan Group plans to transfer 20% of its shares through a public solicitation of transferees, while its associated party Sichuan Huacai Technology Co., Ltd. will transfer an additional 3.5%, totaling 23.5% of shares [1] - Jiuyuan Group is currently the controlling shareholder with a 23.78% stake, and this transfer may lead to a change in the company's control and governance structure [1] - The introduction of a new controlling shareholder with advantages in the industry chain, channels, technology, or capital could enhance the company's governance and resource synergy, improving its competitiveness in the global agrochemical market [1] Group 2 - The price of glyphosate is expected to stabilize and recover due to the overcapacity in supply leading to a continuous decline in prices over recent years, with the average market price at 44,500 yuan/ton, down 11% year-on-year and 5.32% since the beginning of the year [2] - The agricultural industry's "anti-involution" actions are expected to alleviate disorderly competition, which may lead to a recovery in glyphosate prices [2] - The company is a major domestic producer of glyphosate and is expected to benefit from the anticipated increase in demand for glyphosate and refined glyphosate [2] - Projected net profits for the company from 2025 to 2027 are estimated at 506 million, 656 million, and 804 million yuan, with year-on-year growth rates of +135.17%, +29.63%, and +22.52%, corresponding to PE ratios of 21, 16, and 13 times [2]