Group 1: Company Performance and Strategy - The company aims to continuously improve operational efficiency and profitability to enhance investment value and shareholder returns [2] - Over 70% of the company's products are exported, with a low proportion sold to the U.S. market [4] - The company is actively seeking business opportunities in Brazil, a key market for agricultural protection [3] Group 2: Product Development and Market Expansion - The company is working on launching the new pesticide, Cyhalofop-butyl, which requires domestic registration [3] - Plans to diversify into low-carbon chemical products and fluorinated new materials are underway [3] - The company is monitoring trade policy changes to adapt its strategies and maintain market competitiveness [4] Group 3: Financial Concerns and Market Reactions - The company acknowledges that stock price fluctuations are influenced by macroeconomic conditions and market trends [5] - As of the end of 2024, the company has unsold resources amounting to 120 billion yuan, with a high debt ratio of 85% [6] - The company emphasizes that it does not plan to sell core assets or equity as part of its debt restructuring efforts [6]

在全球粮食安全需求升级与农业现代化进程加速的背景下，农化行业正经历技术革新与产业整合的关键阶段，行业正经历从"量"到"质"的深刻 变革。 在农化行业迈向高质量发展的大潮中，凭借扎实的研发根基、清晰的战略布局及卓越的运营能力，泰禾股份不仅在国内市场稳居龙头，更在国 际舞台彰显中国智造的实力。 农化行业长坡厚雪，这是明牌。但是，在其中脱颖而出，要靠战略、管理和运营执行。在指挥得当的同时，还需要精细的微调手段，以求构建 宽广的护城河。一路走来，泰禾股份的成长历程，是一部浓缩中国农化企业"技术破壁、全球崛起"的奋斗史。二十余载深耕农化，，泰禾股份 在仿制中夯实根基，在创制中定义未来。泰禾股份正从仿制跟随实现到仿创领跑的华丽跨越。 在本次上市后，泰禾股份的产品力和创新力将进一步得到提升。这家公司将利用资本市场平台优势，进一步完善产业链、丰富产品组合、加强 创制产品的持续研发，以提升整体市场竞争优势。同时，公司将以上市为契机，扩大品牌影响力和知名度，推动主营业务的高质量发展和规范 运作。 随着创制产品放量、产业链协同深化，这家以创新为DNA的企业，必将迎来更广阔的星辰大海。 稳健经营 技术筑基 泰禾股份主要从事农药产品以 ...

每经编辑 陈楠 深耕农化领域二十余载的南通泰禾化工股份有限公司（以下简称泰禾股份）成功登陆深交所创业板。本 次泰禾股份发行价格定为10.27元/股，开盘价45.00元/股。 长期以来，凭借深厚的技术底蕴，泰禾股份在百菌清、嘧菌酯、2,4-D三大核心产品领域独占鳌头，无 论是生产规模，还是综合技术水平，均屹立于行业潮头。 技术创新，无疑是泰禾股份持续领跑的核心驱动力。作为国内农药行业中为数不多拥有自主创制能力的 企业，近年来，泰禾股份已推出新农药环丙氟虫胺以及四氯丙烯、1,4-BAC等新物质，不断拓宽技术边 界，为行业发展注入新的活力。 在迈向国际化的进程中，泰禾股份已然成为中国农化行业国际化发展的一面旗帜。"新一轮科技革命带 来的生产变革将深刻影响泰禾乃至全球科技的发展。"泰禾股份董事长田晓宏表示，"我们唯有不断创 新，才能在竞争中脱颖而出。" 三大核心单品构筑护城河 泰禾股份成立于2004年4月。成立二十余年来，公司已从一家初创企业成长为手握多个农药"冠军产 品"的行业领军者。 围绕百菌清、嘧菌酯、2,4-D三大核心产品，泰禾股份构建起完整的产业链布局——旗下新河农用坐稳 全球百菌清原药生产龙头地位，江西天 ...

Core Viewpoint - The listing of Taihe Co., Ltd. (301665.SZ) on the ChiNext board marks a significant event, as the company is a leader in the pesticide and functional chemicals industry, with a strong position in key products such as Bacillus subtilis, pyraclostrobin, and 2,4-D [1][2]. Group 1: Company Overview - Taihe Co., Ltd. specializes in the research, production, and sales of pesticide products and functional chemicals, holding a leading position in the industry in terms of production scale and comprehensive technology level [1]. - The company has established long-term strategic partnerships with multinational corporations such as Syngenta, Dow, and Honeywell, expanding its market reach to regions including South America, North America, Southeast Asia, and Europe [3]. Group 2: Financial Metrics - The initial public offering (IPO) price was set at 10.27 CNY per share, with an institutional offering price of 10.68 CNY per share, resulting in a market capitalization of 46.22 billion CNY [2]. - The company’s earnings report indicates a significant growth trajectory, with a projected revenue increase of 60% [2]. - The company’s issuance price corresponds to a price-to-earnings (P/E) ratio of 13.40, compared to the industry average P/E ratio of 23.01 [2]. Group 3: Fund Utilization - The company plans to allocate 8.96 billion CNY (85.76%) of the raised funds towards a fungicide project and 1.49 billion CNY (14.24%) towards a research and development center project [2]. Group 4: Export Performance - From 2021 to 2024, the company’s overseas sales revenue was 28.01 billion CNY, 45.49 billion CNY, 29.46 billion CNY, and 14.54 billion CNY, representing 78.42%, 89.58%, 77.10%, and 74.43% of total operating income, respectively [3].

田晓宏 ◎钱佳滢 记者 仲茜 初见泰禾股份董事长田晓宏，以为他是一位文艺范的艺术家。可他一句"我是做农药的"，让记者十分意 外，又肃然起敬。 从企业创立之初，田晓宏就瞄准了国际市场需求进行产品布局："为了进入国际市场，过去十几年里， 我们先后制造和生产出了达到国际农药标准的多个产品，我们的销售网络也已经覆盖南美、北美、东南 亚、欧洲等多个主要农业市场。" 经过多年研发投入和企业出海，泰禾从"迎合标准"走向了"引领标准"。"我们参与制定了'2,4-D'原药产 品的FAO2020年标准，同时也是唯一参与'2,4-D'国际产业标准升级的中国企业。"田晓宏介绍，泰禾股 份在美国、巴西等核心市场已累计获得229项农药自主登记证，打破了办理海外自主登记的业务壁垒。 数据显示，2024年，我国农药出口规模已突破200万吨。 以好产品赢得全球市场 "30年前，我开始涉足农药贸易，那时我很忌讳说自己是卖农药的，但现在我会很坦然地告诉你，我从 事农药研发生产和国际贸易。"近日对记者谈起自己从事的行业时，田晓宏的神情充满了自豪，眼神中 闪烁着睿智。 "为什么谈农药色变？大概是因为农药对环境不友好、农药残留对人体有害，可这些都已经是 ...