利安隆-2025 年亚洲领袖会议 —— 核心要点_利润率存在修复空间；供需格局更有利

5 September 2025 | 6:14PM HKT Rianlon (300596.SZ): Asia Leaders Conference 2025 — Key Takeaways: Scope for margin recovery; more favorable S/D We hosted Rianlon's management at our GS Asia Leaders Conference 2025 on Sep 4. Bottom line: 1) Polymer stabilizers saw improved industry supply-demand dynamics this year on industry capacity closures together with steady demand, and management expects the segment's GPM to further recover to a normalized level of 30%+ (vs. 20+% currently); 2) management guides for +M ...