Group 1 - The company is involved in the pharmaceutical sector, focusing on the research, development, production, and sales of active pharmaceutical ingredients (APIs) and formulations [2] - In the area of APIs, the company's main products are iodine contrast agents, specifically iopamidol and iohexol, which have obtained registration certificates in China, India, Japan, and CEP certification [2] - The company has two formulation products with registration certificates: bisoprolol fumarate tablets and lacosamide injection, with the former already in market promotion and industrialization [2]

Group 1: Company Overview and R&D - The company’s R&D expenses for 2024 are expected to increase by 10% year-on-year, focusing on the development of raw materials and formulations, as well as process optimization and technological innovation for mature products like vitamins [1] - The company has officially started selling para-hydroxyphenol in the PEEK field and is actively promoting its products, having completed sample submissions to major domestic PEEK manufacturers, currently in various validation stages [1] Group 2: Product Registration and Market Activities - The company holds registration certificates for two products: Fumaric Acid Bisoprolol Tablets and Lacosamide Injection, with the former having commenced market promotion and industrialization in 2024 [1] - There are currently no plans for stock incentive programs or share buybacks, although the company previously repurchased shares in 2019 and conducted a restricted stock incentive plan in 2015, along with the first employee stock ownership plan launched in 2021 [2] Group 3: Inventory and Capital Expenditure - The company’s large ending inventory balance is attributed to its diverse business segments, including vitamins, flavors, raw materials, leather chemicals, and chromium salts, consisting mainly of raw materials, work-in-progress, and finished products to meet varying customer demands [2] - Future capital expenditures will primarily focus on new project construction, such as a 600-ton iodinated contrast agent raw material project, and technological upgrades to existing projects aimed at cost reduction, efficiency enhancement, and improved safety and environmental control [2] Group 4: Risk Management - The company has not engaged in hedging activities and currently sees no demand for such services [2]

Group 1: Company Overview and Product Information - The company has four production bases, with key products including Vitamin K3, chromium tanning agents, and various pharmaceutical raw materials [1] - The main applications of para-hydroxyphenol span multiple industries, including food, daily chemicals, pesticides, pharmaceuticals, dyes, and polymer materials [1] - The company has officially started selling para-hydroxyphenol in the PEEK field and is currently in the verification stage with major domestic PEEK manufacturers [2] Group 2: Regulatory Approvals and Product Registration - The company has obtained various regulatory approvals for iodine contrast agents, including registrations in China, India, Japan, and CEP certification [2] - Currently, the company holds registration certificates for two formulation products, with one product, Bisoprolol fumarate tablets, having commenced market promotion in 2024 [2] Group 3: Financial Performance and Inventory Management - The growth in performance for the first half of 2025 is attributed to the year-on-year price increase of certain vitamin products and a decrease in production costs [2] - The company maintains a large ending inventory balance due to its diverse product lines, which include vitamins, flavors, raw materials, and chromium salts, and is focused on improving asset turnover efficiency [2] Group 4: Supply Chain and Procurement - The company sources chromium ore locally in South Africa as needed and currently has no plans to acquire chromium mines [2] Group 5: Disclosure and Compliance - The investor relations activity did not involve any undisclosed significant information [2]

Core Viewpoint - The announcement highlights that Zhuzhou Qianjin Pharmaceutical Co., Ltd.'s subsidiary, Hunan Qianjin Xiangjiang Pharmaceutical Co., Ltd., has received drug registration certificates for Fumarate Bisoprolol Tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating successful compliance with drug registration requirements [1][2]. Group 1: Drug Information - Drug Name: Fumarate Bisoprolol Tablets - Dosage Forms: Tablets - Specifications: 2.5mg, 5mg - Registration Classification: Class 4 Chemical Drug - Approval Numbers: National Drug Approval Code H20253939, H20253940 - License Holder: Hunan Qianjin Xiangjiang Pharmaceutical Co., Ltd. [1][2]. Group 2: Market Context - Fumarate Bisoprolol Tablets are selective β-receptor blockers used for treating hypertension, coronary heart disease (angina), and chronic stable heart failure with reduced left ventricular function (ejection fraction ≤ 35%). - The drug was first launched in Germany in 1986 and entered the Chinese market in 1998. Other manufacturers with registration include Merck Germany and Chengdu Yuandong Biological Pharmaceutical Co., Ltd. - The domestic market sales for Fumarate Bisoprolol Tablets in 2023 are approximately RMB 1.342 billion [2]. Group 3: Company Impact - The receipt of the drug registration certificate for Fumarate Bisoprolol Tablets signifies passing the consistency evaluation, enhancing the company's product pipeline and supporting sustainable development. - The company has invested a total of RMB 7.1965 million in the research and development of Fumarate Bisoprolol Tablets (2.5mg, 5mg) [2][3].