Core Viewpoint - The company is strategically expanding into overseas markets for plant growth regulators, recognizing significant potential due to low awareness and usage in regions like Southeast Asia, Africa, and Central Asia [1][2][3] Group 1: Company Strategy - The company signed a "cultivation agency agreement" with related party Yan Yaqi to manage overseas pesticide projects, addressing the high initial investment and long cycle associated with these ventures [1] - The management team has identified a large overseas market, with the chairman noting that the overall awareness of growth regulators is low, presenting a substantial market opportunity [1][2] - The company aims to combine various agricultural products into comprehensive solutions for sales, a strategy that has been successful for foreign competitors [4] Group 2: Market Insights - The company has observed that while domestic pesticide exports face challenges and competition is fierce, the overseas market remains largely untapped, particularly in regions with low agricultural technology [2][3] - The domestic market for plant growth regulators has significant growth potential, with estimates suggesting a total market capacity of 63 billion yuan if penetration reaches 100% [3] - The average annual growth rate for overseas growth regulators is projected to be between 7% and 8% [3] Group 3: Regulatory Environment - The company faces regulatory challenges in overseas markets, where pesticide product registration can take several years and costs are rising [4][5] - Many countries require foreign companies to partner with local citizens for product registration, which introduces management and audit risks [4][5] Group 4: Operational Approach - The company has opted for a "light asset" operational model, focusing on registration and establishing sales channels before considering factory investments [5] - The company is proactively recruiting international talent to prepare for market entry in regions like Southeast Asia, ensuring a solid technical foundation [5][6] - Target markets will include regions with agricultural practices similar to China, allowing for the adaptation of successful local solutions [6]

Core Viewpoint - The company is strategically expanding into overseas markets for plant growth regulators, recognizing significant growth potential despite challenges in domestic markets [1][2][3] Group 1: Market Opportunity - The company has historically had less than 1% of its revenue from exports, but is now focusing on international markets due to increased domestic competition and stagnant growth [2][3] - The global market for plant growth regulators is projected to grow at an average annual rate of 7%-8%, indicating substantial potential for expansion [3] - Southeast Asia, Africa, and Central Asia are identified as regions with low agricultural technology and high demand for plant growth regulators, presenting a significant opportunity for market penetration [2][3] Group 2: Strategic Approach - The company has signed a "cultivation agency agreement" with a related party to mitigate risks associated with overseas investments, allowing for a more flexible entry into foreign markets [1][4] - The company is adopting a "light asset" operational model, focusing on product registration and establishing sales channels before considering factory investments abroad [5] - The company plans to leverage its experience in providing comprehensive agricultural solutions, adapting successful domestic strategies to international markets [4][5] Group 3: Challenges and Considerations - The registration process for agricultural products in foreign markets can be lengthy and complex, with some regions requiring up to 8 years for approval [4][5] - The company is aware of the risks associated with brand reputation and product registration, emphasizing the importance of careful management in overseas operations [5] - The company is proactively recruiting international talent to support its overseas initiatives, ensuring a strong technical foundation for future market entry [5]