August 28, 2025 07:50 AM GMT Zhejiang Medicine Co. Ltd. | Asia Pacific M Update 2Q25: Still Benefitting from Vitamin Prices Reaction to earnings Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Supply did not appear to have fully stabilized as of 2Q25: A fire broke out at BASF's Ludwigshafen plant in July 2024, causing a global shortage of precursors for vitamins A ...