XACIG(SH:600596) 光大证券研究·2025-08-04 23:03Group 1 - The establishment of Zhejiang Xin'an Yushi Silicon Technology Co., Ltd. with a registered capital of 15 million yuan, focusing on synthetic materials and rubber products sales [4] - The company has a complete industrial chain in the silicon-based new materials sector, covering upstream silicon mining, organic silicon monomer synthesis, and downstream product manufacturing, with an organic silicon monomer capacity of 500,000 tons [5] - The company has the highest self-use terminal conversion rate in the domestic market, exceeding 40%, and offers over 3,000 types of downstream terminal products [5] Group 2 - The company has developed an integrated model for crop protection, covering intermediates, active ingredients, formulations, and agricultural services, providing comprehensive solutions for food security and increased production [7] - The company is a global leader in herbicide varieties, with a production capacity of 80,000 tons for glyphosate and an annual sales capacity of 100,000 tons for active ingredients, achieving a conversion rate of over 70% for active ingredient formulations [7] - The company is expanding its global presence with over 4,500 overseas registration certificates for crop protection products, establishing a marketing network in over 130 countries and regions by 2024 [8]