LMGF(SZ:002734)2022-11-21 15:40Group 1: Company Overview and Recent Developments - Limin Holdings Group Co., Ltd. has successfully completed significant asset restructuring by acquiring the Weiyuan asset group, achieving performance commitments for two consecutive years in 2019 and 2020 [1] - Current ongoing projects include: - 12,000 tons/year of aluminum phosphonate project - 5,000 tons/year of glyphosate project - 500 tons/year of multiple pesticides including difenoconazole and tebuconazole, all progressing as planned [1] Group 2: Production Capacity and Market Demand - Glyphosate currently has a production capacity of 1,500 tons, with demand exceeding supply; an additional 5,000 tons capacity is expected to be operational next year [1] - The expansion of the 12,000 tons/year aluminum phosphonate capacity is driven by multinational company requirements, indicating strong market demand [1] Group 3: Market Trends and Pricing - The price of glyphosate has increased significantly due to supply shortages and rising raw material costs; however, prices are expected to stabilize as supply increases and energy restrictions are lifted [1] - The average selling price of the new biopesticide, difenoconazole, is currently between 2-3 million per ton, indicating a high profit margin [2] Group 4: Future Production and Technological Advancements - The company is enhancing its fermentation capacity, which is expected to nearly double from 550 tons, significantly increasing profit potential [2] - New fermentation facilities will allow for the production of various products, including abamectin and difenoconazole, leveraging the company's established technological advantages in the biopesticide sector [2]