RED SUN: Since the third quarter, the previously low-priced orders have been fully digested, and the volume and price of core products have both increased

On September 5th, RED SUN stated at the performance briefing that the fluctuations in Q2 performance were mainly due to: intensified market competition in the pesticide industry, with the prices of major products operating at low levels, coupled with significant pressure from the digestion of previous low-price orders. At the same time, the company's main subsidiary Anhui Guoxing was affected by the relocation of the State Grid, resulting in 18 days of production loss, and the chlorantraniliprole and pyridine industry chains actively upgraded some production lines, which temporarily affected output and costs. Since Q3, the company has completely digested previous low-price orders, leading to a rise in both volume and price of core products, which is expected to have a positive impact on performance. Specific operational data will be subject to the company's subsequent announcements