Group 1 - The core viewpoint of the news is that Hongshang Asset has conducted research on a listed company, Boyuan Co., focusing on its increased R&D investment and technological innovation strategies [1] - Boyuan Co. plans to enhance its R&D capabilities by increasing investment and expanding its R&D team, particularly by attracting high-end technical talent [1] - The company’s main products include inorganic iodides such as potassium iodide, potassium iodate, sodium iodide, and hydrogen iodide, which are used in pharmaceuticals, pesticides, feed, and optoelectronic materials [1] Group 2 - Boyuan Co.'s organic iodide product, trimethyl iodide, is primarily used as a protecting group in organic synthesis, especially in the production of antibiotics [1] - The pricing of iodide products is mainly based on the market price of refined iodine, determined through negotiations with customers [1] - The company is working on a high-end organic iodine and bromine new materials project with an annual capacity of 4,100 tons, which includes products like methyl iodide and dimethyl iodide [1]

Group 1: Research and Development - The company's R&D expenses increased year-on-year due to a focus on enhancing independent R&D capabilities and increasing investment in technological innovation [2] - The company is expanding its R&D team and optimizing its structure to ensure a leading advantage in key technologies [2] Group 2: Product Applications - The main inorganic iodide products include potassium iodide, potassium iodate, sodium iodide, and hydrogen iodide, which are used in pharmaceuticals, pesticides, feed, and optoelectronic materials [2] - The organic iodide product trimethyl iodide is primarily used as a protecting group in organic synthesis, particularly in the production of antibiotics [2] Group 3: Pricing Strategy - The pricing of iodide products is mainly based on the market price of refined iodine and is determined through negotiations with customers [3] Group 4: Production Capacity - The high-end organic iodine and bromine new materials project has an annual production capacity of 4,100 tons [3]