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On May 24th, an investor asked Winbon Health (002004) a question.
Hello, the annual report shows that Yingtai has dropped to fourth place in the domestic pesticide product ranking.
What is the reason? Is Yingtai's main product a green pesticide? If there are varieties that will be phased out in the future, how will the company respond? The company replied that: 1.
Yingtai Bio's sales ranking declined due to the following reasons: (1) In the past two years, the international trade situation has deteriorated.
Yingtai Bio has actively deepened business structure reform and reduced the scale of trade business, resulting in a decline in revenue; (2) Pesticide industry The leading companies have implemented mergers and reorganizations, and their revenue levels have increased significantly and their rankings have risen
.
2.
Yingtai's self-produced products mainly include pesticide technicals, preparations and intermediates, covering three categories of herbicides, insecticides, and fungicides
.
In the future plan, Yingtai will actively develop new varieties and new formulations of high-efficiency, safe and green agrochemicals, and focus on the research of new green and clean technologies and new processes for agrochemicals
.
3.
Yingtai Biotech's main customers are all well-known large agrochemical companies in the world.
It maintains a long-term, stable and good strategic partnership with customers, which has laid a solid foundation for long-term sustainable and stable development
.
Regarding the eliminated varieties, on the one hand, Yingtai Bio's rich product line can meet the diversified needs of customers, significantly improve the company's ability to resist risks, and increase customer stickiness
.
On the other hand, Yingtai Biotech can adjust its product structure according to market conditions.
Among the existing rich products, it selects products with high customer demand and high gross profit margin for combination, and continuously improves product quality and the utilization rate of three wastes through product research and development.
Smooth the cyclical fluctuations of product prices to ensure the stability of profits
.
Source: Flush (300033) Financial Research Center
Hello, the annual report shows that Yingtai has dropped to fourth place in the domestic pesticide product ranking.
What is the reason? Is Yingtai's main product a green pesticide? If there are varieties that will be phased out in the future, how will the company respond? The company replied that: 1.
Yingtai Bio's sales ranking declined due to the following reasons: (1) In the past two years, the international trade situation has deteriorated.
Yingtai Bio has actively deepened business structure reform and reduced the scale of trade business, resulting in a decline in revenue; (2) Pesticide industry The leading companies have implemented mergers and reorganizations, and their revenue levels have increased significantly and their rankings have risen
.
2.
Yingtai's self-produced products mainly include pesticide technicals, preparations and intermediates, covering three categories of herbicides, insecticides, and fungicides
.
In the future plan, Yingtai will actively develop new varieties and new formulations of high-efficiency, safe and green agrochemicals, and focus on the research of new green and clean technologies and new processes for agrochemicals
.
3.
Yingtai Biotech's main customers are all well-known large agrochemical companies in the world.
It maintains a long-term, stable and good strategic partnership with customers, which has laid a solid foundation for long-term sustainable and stable development
.
Regarding the eliminated varieties, on the one hand, Yingtai Bio's rich product line can meet the diversified needs of customers, significantly improve the company's ability to resist risks, and increase customer stickiness
.
On the other hand, Yingtai Biotech can adjust its product structure according to market conditions.
Among the existing rich products, it selects products with high customer demand and high gross profit margin for combination, and continuously improves product quality and the utilization rate of three wastes through product research and development.
Smooth the cyclical fluctuations of product prices to ensure the stability of profits
.
Source: Flush (300033) Financial Research Center
