利尔化学：持续对现有产品进行技改优化，加快新产品研发和落地

Core Viewpoint - Lier Chemical is focused on the research, production, and sales of efficient, low-toxicity, and low-residue agricultural pesticide raw materials, with a strong emphasis on expanding its market share and enhancing product competitiveness in a competitive industry environment [1][2]. Company Overview - Lier Chemical primarily engages in the development, production, and sales of chlorinated pyridine and organophosphorus pesticides, offering over 40 types of raw materials and more than 100 formulations [1]. - The company operates seven production bases across China, ensuring a comprehensive supply chain that includes chemical raw materials, intermediates, and both raw and formulated products [1]. - Lier Chemical is the largest producer of chlorinated pyridine pesticides in China and a major producer of glyphosate and its active ingredients [1]. Market Conditions - The agricultural pesticide industry remains competitive, with major pesticide prices stabilizing at low levels; however, global pesticide market inventories are returning to normal, and some products are experiencing a recovery in demand and prices [2]. - The company has launched a 20,000 tons/year enzymatic glyphosate project in Jingshi, Hunan, which is currently operating normally, and anticipates increasing demand for glyphosate as more companies obtain product registrations [2]. Strategic Initiatives - Lier Chemical is committed to optimizing existing products through technological improvements, reducing costs, and enhancing product competitiveness while expanding market demand through active marketing efforts [3]. - The company is also focused on the market potential of chlorantraniliprole, having made significant investments in production process optimization and is currently constructing production facilities [2][3]. Shareholder Actions - The controlling shareholder, Jiuyuan Group, plans to transfer 160 million shares (20% of total shares) through a public solicitation, pending approval from relevant authorities [3][4]. - Another shareholder, Huacai Technology, intends to transfer 28.0153 million shares (3.5% of total shares) through the same public solicitation process [3].