Core Viewpoint - The company acknowledges the impact of multiple factors on its stock price, including market competition, liquidity preferences, and short-term trading behaviors, which have led to disappointing short-term stock price trends [2] Industry Summary - The global animal nutrition additive industry is expected to face short-term supply-demand pressures due to the initial production phase of new product lines [2] - The company aims to become a leader in the global animal nutrition and health industry by leveraging its technological expertise and global layout [2] Company Strategy - The company plans to maintain operational flexibility to quickly respond to market changes, including adjusting production rhythms to match market demand [2] - The company will continue to optimize its global supply network to address challenges from tariffs and supply chain changes while seizing local market opportunities [2] - Efforts will be made to enhance the cost competitiveness of its solid methionine and vitamin A production platforms in Europe [2] - The company will optimize its product portfolio and service capabilities to accelerate the development of specialty products [2] Market Outlook - The company anticipates strong market demand in the fourth quarter, but new capacities for methionine and vitamins will lead to increased market competition, posing challenges to its business [2] - The company is committed to supporting business growth and improving profitability while making sustained investments for future growth [2]