RED SUN(SZ:000525)2022-12-08 08:36Group 1: Regulatory Impact and Product Development - Document 1745 regulates the management of paraquat, maintaining a stable future demand outlook for the company [1] - The new regulation requires re-approval of labels and changes to pesticide production approval documents, effective from January 1, 2013 [1] - The company’s subsidiary has registered a new formulation of paraquat, a soluble gel, with a validity period from September 25, 2013, to September 25, 2018 [2] Group 2: Product Comparison - Glyphosate, paraquat, and diquat have both commonalities and unique characteristics; glyphosate is a highly effective, low-toxicity herbicide [2] - Paraquat is known for its verticality and non-drifting properties, while diquat is recognized as an ideal environmentally friendly herbicide in developed countries [2] Group 3: Fundraising and Financials - The non-public offering aims to raise up to ¥1,038,187,464.77, with net proceeds intended for working capital and debt repayment [2] - The company distributed cash dividends of ¥0.2 per share in 2011, totaling ¥10,144,936.98 [3] - In 2012, the dividend was increased to ¥0.3 per share, amounting to ¥15,217,405.47 [3] - For 2013, the dividend was further raised to ¥0.5 per share, totaling ¥25,362,342.45 [3] Group 4: Sales and Market Strategy - Domestic sales are primarily through the Hongtai Agricultural Chain and Su Nong Chain, focusing on pesticide and fertilizer sales [2] - The company aims to accelerate the industrialization of downstream products in the pyridine industry chain, emphasizing the replacement of high-toxicity pesticides [3]