Guoguang Co., Ltd.: The company's under-construction capacity mainly consists of active pharmaceutical ingredient (API) production capacity and water-soluble fertilizer capacity, which are strategic decisions to address weaknesses and strengthen the foundation.

Everyday AI Express, an investor asked on the investor interaction platform: According to the 2024 annual report, the company’s pesticide raw material and formulation production capacities are 56.15% and 31.15% respectively. Why is there still new capacity being built?

Guoguang Co., Ltd. (002749.SZ) stated on February 26 on the investor interaction platform that the company’s existing capacity mainly comes from the capacity of IPO fundraising projects and the increased capacity after acquiring companies within the industry in recent years. The capacity is gradually being released. The capacity under construction mainly includes raw material capacity and water-soluble fertilizer capacity, which are strategic decisions to address weaknesses and strengthen the foundation. The new capacity will ensure autonomous supply of core raw materials, optimize the industrial chain, support the expansion of crop full-process solutions, and match the company’s long-term growth needs.

(Reporter: Zhang Mingshuang)

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