Core Viewpoint - The company is enhancing its promotion of comprehensive solutions in the field of field crops to align with national policies aimed at improving agricultural productivity and supporting high-quality development in downstream planting industries [1] Group 1: Market Potential - The market space for comprehensive solutions in field crops is vast, with the potential market capacity for plant growth regulators in the field crop sector estimated at approximately 25 billion RMB if a 100% penetration rate is achieved, based on a cost of 10 RMB per mu per application [1] - The acceleration of land transfer and the ongoing rural revitalization policies are expected to lead to a significant emergence of large-scale planting households, indicating a trend towards large-scale and professional management of land [1] Group 2: Strategic Development - The company has identified the comprehensive solution as a crucial lever for achieving its strategic development goals, responding to the core demands of large-scale planting households for efficiency [1] - The increased promotion of comprehensive solutions in the field crop sector is seen as a necessary step to implement the company's development strategy effectively [1]

Group 1: Company Strategy and Market Potential - The company is increasing the promotion of its comprehensive solutions for field crops to align with national policies aimed at enhancing grain and oil crop yields [3][4] - The market potential for plant growth regulators in field crops is significant, with a projected market capacity of approximately RMB 25 billion if a 100% penetration rate is achieved [3] - The acceleration of land transfer and rural revitalization policies is expected to lead to a rise in large-scale farming operations, making the comprehensive solutions essential for meeting the needs of these growers [4] Group 2: Product Performance and Customer Engagement - In 2025, the comprehensive solutions have shown to increase yields in wheat, corn, and rice compared to control groups, leading to high customer satisfaction and retention [4] - The comprehensive solutions do not significantly affect product prices or gross margins, as they aim to provide a one-stop solution for farmers' needs throughout the crop cycle [4] Group 3: Promotion and Implementation Strategies - The promotion of comprehensive solutions is carried out through collaboration between the company's technical marketing staff, distributors, and retailers, utilizing both on-site and online services [5] - The "One Certificate, One Product" policy, effective from January 1, 2026, aims to standardize pesticide labeling, which is expected to enhance market competition and benefit compliant companies [6] Group 4: Research and Development Investment - The company's R&D expenses have significantly increased in the first three quarters of 2025 due to intensified efforts in new product registrations [6] - R&D activities are primarily focused on application research, with two departments responsible for product formulation and field testing [6]