Group 1: Company Performance - In 2024, the company achieved a total operating revenue of 4.236 billion yuan, representing a year-on-year increase of 9.51%, and a net profit attributable to shareholders of 266 million yuan [1] - For Q1 2025, the company reported an operating revenue of 1.033 billion yuan, up 18.50% year-on-year, and a net profit of 79 million yuan, reflecting a significant growth of 50.94% [1] - The company's performance indicates that its strategic layout has begun to yield benefits, showcasing stronger development capabilities [1] Group 2: Agricultural Chemicals Market - The global pesticide market is showing signs of recovery in 2024, despite an expected contraction of 6.3% in the overall industry [2] - China, as the world's largest pesticide exporter, saw a 30.0% year-on-year increase in the export volume of herbicides, insecticides, and fungicides, totaling approximately 2.814 million tons [2] - The price of the protective fungicide, Bacillus subtilis, has rebounded by 66.67% since May 2024, significantly exceeding early 2024 levels [2] Group 3: Product and Innovation Development - The company has established itself as a "hidden champion" in the plant protection sector, with core products like Bacillus subtilis, 2,4-D, and pyraclostrobin achieving world-class production scale and quality [3] - The company is building a comprehensive product matrix covering the entire pesticide industry chain, having completed trial production of over 50 formulation products during the reporting period [3] - In 2024, pesticide products contributed 3.602 billion yuan in revenue, with insecticides and herbicides generating 1.465 billion yuan and 1.929 billion yuan, respectively, reflecting year-on-year growth of 23.39% and 2.64% [2][3] Group 4: Research and Development - The company has invested 147 million yuan in R&D, maintaining a stable investment level to promote the development of new pesticide varieties [4] - The company has synthesized over 3,000 compounds and identified multiple high-potential candidate compounds during the reporting period [4] - The company has achieved initial results in new pesticide creation, with its self-developed pesticide receiving export registration and forming a global strategic partnership for further development [4]

拥有百菌清、嘧菌酯、2，4-D等三大核心产品，田晓宏仍强调泰禾股份不是行业里的领袖企业，"我们 一直把自己称为还在茁壮成长的'树'"。 这棵有着通过进出口贸易，拥有面向全球市场营销"基因"的"树"，已经筛选出很多有市场前景的好产 品。"产品做得好不好，关键看它的核心技术。"田晓宏解释道，一个产品的整个生产工艺过程中，有可 能某个中间体是最难的，"如果把这个中间体做到最好，就可能构建这个产品的核心竞争力。" "泰若磐石，禾立世界"，4月11日，泰禾股份（301665）正式在深交所创业板鸣锣上市。作为一家以植 保化学品和功能化学品为主营业务的集团化企业，泰禾股份在百菌清、嘧菌酯、2，4-D等三大核心产 品上拥有行业领导地位。 不过，泰禾股份董事长田晓宏直言，公司还不是行业里的领袖企业。集中公司所有的力量，将一个产品 做到极致，成为泰禾股份在市场上致胜的法宝。 "这么多年一直在说'产品为王'，我们今天为什么不能是'王'呢？"在田晓宏看来，目前泰禾股份还没 有"王"的产品，"如果我们能够不断地去积累，从一个好产品到一个'全球第一'的产品，逐步形成泰禾股 份产品的结构和产品线，那么有一天，我们也有可能变成一家伟大的公司 ...