BSM(SZ:300796) Zheng Quan Ri Bao Wang·2026-01-07 12:41Core Viewpoint - The company Baishimei has made significant progress in digital transformation and compliance, positioning itself favorably in the global herbicide market, particularly with its product, Dimethenamid-P, which is gaining market share due to its superior quality and compliance with international standards [1][2][3]. Group 1: Legal and Compliance Updates - Baishimei's subsidiary, Jiangsu Yong'an, received a prosecution notice from the Lianshui People's Procuratorate, which indicated mitigating circumstances for penalties, suggesting a potential for leniency in legal proceedings [1]. - Jiangsu Yong'an completed necessary rectifications by 2024 and successfully applied for a wastewater discharge permit in February 2025, indicating a return to normal operations [1]. Group 2: Technological Advancements - Jiangsu Yong'an has been recognized as an "Advanced Intelligent Factory" for its high level of digital and network integration, which has led to improved process stability and operational efficiency [2]. - The company has achieved a product purity of over 98% for its core product, Dimethenamid-P, surpassing the domestic industry average of 96% and meeting stringent international standards [2]. Group 3: Market Position and Trends - The global herbicide market is projected to grow from 463 billion to over 600 billion from 2022 to 2028, with a CAGR of 4.6%, indicating a robust demand for herbicides like Dimethenamid-P [2]. - Baishimei and Jiangsu Yong'an have been recognized as specialized and innovative small and medium enterprises, enhancing their brand influence and market position [3]. - The company has adopted differentiated sales strategies to enhance market responsiveness and competitiveness, particularly in the context of the agricultural sector's shift towards greener and smarter practices [3].