11月25日，钱江生化涨5.08%，截至发稿，报6.41元/股，成交5530.66万元，换手率2.84%，总市值55.55 亿元。 从基金十大重仓股角度 责任编辑：小浪快报 民生加银国证2000指数增强A（019814）基金经理为何江。 截至发稿，何江累计任职时间14年189天，现任基金资产总规模8.64亿元，任职期间最佳基金回报 57.31%， 任职期间最差基金回报-49.3%。 资料显示，浙江钱江生物化学股份有限公司位于浙江省海宁市海洲街道钱江西路178号钱江大厦，成立 日期1993年10月28日，上市日期1997年4月8日，公司主营业务涉及环保综合治理、生物制造及热电业 务。从事的主要业务包括环保工程业务、固废医废危废处置业务、污水处理业务及自来水制水业务。从 事植物生长调节剂、杀虫剂、杀菌剂为主的生物农药产品的研发、生产和销售。从事发电供热业务。主 营业务收入构成为：污水处理29.75%，工程施工21.08%，废弃物清运及处置19.04%，生物制品 18.06%，自来水供应6.70%，热电供应4.51%，其他(补充)0.49%，其他0.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发 ...

11月21日，长青股份跌5%，截至发稿，报6.08元/股，成交5723.07万元，换手率1.99%，总市值39.50亿 元。长青股份股价已经连续3天下跌，区间累计跌幅4.62%。 资料显示，江苏长青农化股份有限公司位于江苏省扬州市江都区文昌东路1006号，成立日期2001年1月4 日，上市日期2010年4月16日，公司主营业务涉及化学农药的生产、销售,目前产品包括除草剂、杀虫 剂、杀菌剂等三大系列共18种原药、69种制剂。主营业务收入构成为：除草剂50.88%，杀虫剂 37.75%，杀菌剂8.34%，服务业1.77%，其他0.87%，调节剂0.39%。 从基金十大重仓股角度 霍顺朝累计任职时间2年227天，现任基金资产总规模162.51亿元，任职期间最佳基金回报30.93%， 任 职期间最差基金回报0.48%。 叶天垚累计任职时间227天，现任基金资产总规模21.96亿元，任职期间最佳基金回报2.97%， 任职期间 最差基金回报0.05%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 ...

多年攻坚下，他攻克11步反应的复杂合成路线难题，研发的除草剂、杀虫剂、杀菌剂等 农药品类，被完整保存在办公室电脑里。通过与山东、江苏、湖北等地企业深度合作，他成 功将国外优质农药的生产工艺本土化，推动多项技术实现产业化，打破了大众对农药"高毒 低效"的固有偏见。 从阳离子光引发剂到低毒高效农药，从3000元小项目到3000万大业绩，从实验室到生产 线，刘安昌用二十年坚守践行着科研工作者的使命。如今，已届花甲的他仍奋战在科研一 线，谈及未来，他表示团队将持续迭代技术成果，让更多实验室里的创新突破，成为赋能地 方经济发展的坚实力量。 编辑：熊展平 这份"让科研落地"的初心，早在2000年就已扎根。彼时还在华中科技大学读博的刘安 昌，一篇科研论文被苏州一家农药企业关注，随后促成了一笔3000元的小型合作。"看着自 己的研究能造福社会，那种成就感无可替代。"正是这次经历，让他坚定了"科研要对接市场 需求"的方向。 科研之路从非一帆风顺，却总有诚意与坚持照亮前路。2008年冬天，刘安昌与温州一家 企业负责人约定洽谈合作，突遇大雪导致火车停运，对方竟辗转乘船赶往他的江西老家赴 约。这份赤诚让刘安昌深受触动，也让他在农药领 ...

Core Viewpoint - The company is expanding its product chain and enhancing its competitive capabilities in the industry through the acquisition of a 70% stake in He Yu Tai from Xin He Bio, which is expected to be completed by November 18, 2025 [1] Group 1: Acquisition Details - The acquisition will be financed through self-owned funds and a bank loan amounting to 153.86 million yuan [1] - After the acquisition, He Yu Tai will become a controlled subsidiary of the company and will be included in the consolidated financial statements [1] Group 2: Strategic Importance - The acquisition aligns with the company's established development strategy of vertically extending its industrial chain [1] - The target company has extensive experience in the agrochemical sector, with a diverse product portfolio including herbicides, fungicides, and plant growth regulators, showcasing certain advantages in products, technology, and market presence [1] Group 3: Market Entry Advantages - The target company has successfully obtained registration certificates for multiple pesticide active ingredients in key domestic and overseas markets [1] - Directly acquiring the target company allows the listed company to bypass lengthy and costly pesticide registration processes, saving at least 2-3 years in registration time and enabling quicker market entry to seize opportunities [1]

资料显示，南通泰禾化工股份有限公司位于上海市长宁区临虹路365号北5座，成立日期2004年4月29 日，上市日期2025年4月11日，公司主营业务涉及农药产品以及功能化学品的研发、生产和销售。主营 业务收入构成为：除草剂43.14%，杀菌剂37.30%，功能化学品9.98%，其他9.57%。 截至11月10日，泰禾股份股东户数1.28万，较上期增加3.62%；人均流通股2989股，较上期减少3.49%。 2025年1月-9月，泰禾股份实现营业收入38.90亿元；归母净利润3.67亿元，同比增长120.56%。 11月17日，泰禾股份涨1.34%，成交额2.12亿元。两融数据显示，当日泰禾股份获融资买入额1835.27万 元，融资偿还2650.61万元，融资净买入-815.34万元。截至11月17日，泰禾股份融资融券余额合计 8504.12万元。 融资方面，泰禾股份当日融资买入1835.27万元。当前融资余额8504.12万元，占流通市值的6.99%。 融券方面，泰禾股份11月17日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元。 分红方面 ...

Core Viewpoint - Runfeng Co., Ltd. has shown a mixed performance in terms of stock trading and financial results, with significant growth in revenue and net profit, but a decline in stock price and net buying in margin trading [1][2]. Group 1: Stock Performance - On November 14, Runfeng Co., Ltd. experienced a stock price decline of 1.24%, with a trading volume of 55.46 million yuan [1]. - The margin trading data indicates a net margin buy of -0.93 million yuan on the same day, with a total margin balance of 1.87 billion yuan [1]. - The current margin balance of 1.86 billion yuan represents 0.92% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high level [1]. Group 2: Financial Performance - For the period from January to September 2025, Runfeng Co., Ltd. achieved a revenue of 10.91 billion yuan, reflecting a year-on-year growth of 11.51% [2]. - The net profit attributable to the parent company for the same period was 890 million yuan, showing a substantial year-on-year increase of 160.49% [2]. Group 3: Shareholder and Dividend Information - Since its A-share listing, Runfeng Co., Ltd. has distributed a total of 1.37 billion yuan in dividends, with 992 million yuan distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders decreased by 2.90% to 6,630, while the average circulating shares per person increased by 2.99% to 42,284 shares [2][3]. - Among the top ten circulating shareholders, several institutions have adjusted their holdings, with notable decreases in shares held by some funds [3].

Core Points - On November 12, Taihe Co., Ltd. experienced a decline of 1.65% in stock price, with a trading volume of 91.42 million yuan [1] - The financing data for Taihe on the same day showed a financing purchase amount of 8.13 million yuan and a financing repayment of 8.92 million yuan, resulting in a net financing outflow of 0.79 million yuan [1] - As of November 12, the total margin balance for Taihe was 85.12 million yuan, accounting for 7.20% of its market capitalization [1] Financing and Margin Data - The financing purchase on November 12 was 8.13 million yuan, while the current financing balance stands at 85.12 million yuan [1] - No shares were sold or repaid in the securities lending segment on November 12, with a total of 0 shares and 0 yuan in margin balance [1] Company Overview - Taihe Co., Ltd. is located in Changning District, Shanghai, and was established on April 29, 2004, with its listing date set for April 11, 2025 [1] - The company specializes in the research, production, and sales of pesticide products and functional chemicals, with revenue composition as follows: herbicides 43.14%, fungicides 37.30%, functional chemicals 9.98%, and others 9.57% [1] Financial Performance - For the period from January to September 2025, Taihe reported a revenue of 3.89 billion yuan and a net profit attributable to shareholders of 367 million yuan, reflecting a year-on-year growth of 120.56% [1] Shareholder Information - As of November 10, the number of shareholders for Taihe was 12,800, an increase of 3.62% from the previous period, with an average of 2,989 circulating shares per person, a decrease of 3.49% [1] - Since its A-share listing, Taihe has distributed a total of 270 million yuan in dividends [2] - As of September 30, 2025, Hong Kong Central Clearing Limited was the sixth largest circulating shareholder, holding 230,200 shares, a decrease of 171,700 shares from the previous period [2]

Core Viewpoint - The stock of Andermatt A has shown a slight increase in price and trading activity, indicating a stable market presence despite recent fluctuations in revenue and profit margins [1][2]. Financial Performance - For the period from January to September 2025, Andermatt A achieved a revenue of 21.678 billion yuan, reflecting a year-on-year growth of 0.72% [2]. - The company reported a net profit attributable to shareholders of -423 million yuan, which represents a significant year-on-year increase of 77% [2]. Stock Market Activity - As of November 7, Andermatt A's stock price rose by 2.13% to 6.70 yuan per share, with a total market capitalization of 15.610 billion yuan [1]. - The stock has experienced a year-to-date increase of 0.30%, a 5-day increase of 4.36%, a 20-day increase of 2.29%, and a 60-day decrease of 2.76% [1]. Shareholder Information - As of September 30, the number of shareholders for Andermatt A decreased by 3.69% to 36,200 [2]. - The average number of circulating shares per shareholder increased by 4.37% to 87,654 shares [2]. Dividend Distribution - Since its listing, Andermatt A has distributed a total of 9.64 billion yuan in dividends, with 62.905 million yuan distributed over the past three years [3]. Major Shareholders - As of September 30, 2025, Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 14.4147 million shares, a decrease of 3.8769 million shares from the previous period [3].

Core Insights - Jiangsu Changqing Agricultural Chemical Co., Ltd. experienced a stock price increase of 6.46%, reaching 6.59 CNY per share, with a total market capitalization of 4.281 billion CNY as of November 6 [1] Company Overview - Jiangsu Changqing Agricultural Chemical Co., Ltd. was established on January 4, 2001, and went public on April 16, 2010. The company specializes in the production and sales of chemical pesticides, offering a range of products including herbicides, insecticides, and fungicides [1] - The revenue composition of the company is as follows: herbicides account for 50.88%, insecticides 37.75%, fungicides 8.34%, service industry 1.77%, others 0.87%, and regulators 0.39% [1] Fund Holdings - Guolian Fund has a significant holding in Changqing shares, with Guolian Jingsheng One-Year Holding Mixed A (011353) holding 69,900 shares, representing 0.27% of the fund's net value, making it the ninth-largest holding [2] - The fund has a total size of 144 million CNY and has achieved a year-to-date return of 3.13%, ranking 7276 out of 8149 in its category [2] - The fund manager, Chen Xinyu, has a tenure of 6 years and 100 days, with a best return of 67.25% during his management period [2]

Overview of Agricultural Chemicals Market - Agricultural chemicals are substances used to enhance agricultural productivity by controlling pests, weeds, and improving soil fertility. This includes pesticides, herbicides, fungicides, and fertilizers. In 2024, global pesticide consumption is expected to exceed 2 million tons, playing a crucial role in food security and sustainable agricultural development amid population growth and climate change pressures. Major multinational companies like Syngenta, Bayer Crop Science, BASF, Corteva Agriscience, and others dominate the industry, investing heavily in sustainable formulation innovations [3][4]. Supply Chain Dynamics - The upstream supply chain for agricultural chemicals involves petrochemical and specialty chemical manufacturers providing raw materials such as intermediates, solvents, surfactants, and catalysts. Agricultural product manufacturers process these into technical-grade active ingredients for marketable products. The downstream user base is diverse, including large agricultural firms like Cargill and ADM, which focus on cost-effectiveness and crop-specific performance, while small farmers prioritize flexible packaging and affordability [4]. Market Trends and Growth Drivers - The global agricultural market is undergoing a transformation driven by sustainability, digitalization, and regulatory scrutiny. Increasing pesticide resistance is accelerating the demand for new mechanisms, biobased crop protection products, and Integrated Pest Management (IPM) strategies. Governments in Europe and North America are tightening regulations on chemical residues and environmental impacts, leading to higher R&D costs and a shift towards safer, low-toxicity formulations. The Asia-Pacific and Latin America regions remain the fastest-growing markets due to their large agricultural bases and the adoption of modern agricultural technologies [5][16]. Market Size and Projections - According to QYResearch, the global agricultural chemicals market is projected to reach USD 78.18 billion by 2031, with a compound annual growth rate (CAGR) of 4.2% over the coming years [5]. Leading Manufacturers and Market Share - The top ten agricultural chemical manufacturers, including Syngenta, Bayer Crop Science, BASF, and others, are expected to hold approximately 83.0% of the market share in 2024 [10]. Product Segmentation - Herbicides currently dominate the market, accounting for about 45.7% of the total share. In terms of application, grains represent the largest demand source, making up approximately 43.2% of the market [12][14]. Challenges and Opportunities - The agricultural chemicals market faces challenges from stricter regulations in Europe, which have led to a decline in pesticide usage despite ongoing agronomic demand. Additionally, rising input costs and weather impacts may limit farmers' ability to pay for high-priced products. However, the increasing focus on food safety is driving the growth of biopesticides, which are becoming more widely used in various agricultural sectors [18][19]. Regulatory Environment - In the EU, all active ingredients must undergo renewal under Regulation 1107/2009, with some facing bans or restrictions. The ongoing loss of active ingredients due to regulatory pressures and the high costs associated with developing new active ingredients pose significant challenges for the industry [19]. Conclusion - The agricultural chemicals industry is poised for growth driven by innovation, compliance, and sustainable practices, despite facing regulatory challenges and market dynamics that may impact traditional chemical usage [5][18].