Red Sun: Since the third quarter, the low-priced orders from the previous period have been completely consumed, and the core product prices and quantities have both increased.

Hongtaiyang stated at the performance briefing on September 5th that the fluctuation in performance in the second quarter was mainly due to intensified market competition in the pesticide industry, with the main products selling at low prices and facing pressure from the digestion of low-priced orders from earlier periods. In addition, the company's major subsidiary, Anhui Guoxing, suffered 18 days of production suspension due to the relocation of State Grid, and the chlorpyrifos and imidacloprid industry chain underwent upgrades on some production lines, which affected output and costs in the short term. Since the third quarter, the company has fully digested the low-priced orders from earlier periods, and is leading the core products to increase both in volume and price, which is expected to have a positive impact on performance. Please refer to the company's subsequent announcements for specific operating data.