--- title: "A-share subscription | CAC starts subscription, mainly engaged in pesticide products such as Bacillus thuringiensis and pyraclostrobin" type: "News" locale: "en" url: "https://longbridge.com/en/news/233781226.md" description: "CAC started its subscription on March 31, with an issue price of 10.27 yuan per share and a subscription limit of 7,000 shares, with a price-to-earnings ratio of 13.4 times. The company mainly engages in the research, production, and sales of pesticides and functional chemicals, with core products including Bacillus subtilis and pyraclostrobin, leading the industry. From 2021 to the first half of 2024, the company's operating revenue was 3.579 billion yuan, 5.099 billion yuan, 3.868 billion yuan, and 1.959 billion yuan, respectively. Everbright Securities is its sponsor" datetime: "2025-03-30T22:36:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/233781226.md) - [en](https://longbridge.com/en/news/233781226.md) - [zh-HK](https://longbridge.com/zh-HK/news/233781226.md) generator: "portal-rs" --- # A-share subscription | CAC starts subscription, mainly engaged in pesticide products such as Bacillus thuringiensis and pyraclostrobin According to Zhitong Finance APP, on March 31, Taihe Co., Ltd. (301665.SZ) began its subscription, with an issue price of 10.27 yuan per share, a subscription limit of 7,000 shares, and a price-to-earnings ratio of 13.4 times. It is listed on the Shenzhen Stock Exchange, with Everbright Securities as its sponsor. The prospectus shows that Taihe Co., Ltd. is mainly engaged in the research and development, production, and sales of pesticide products and functional chemicals. The company holds a leading position in the industry for its three core products: Bacillus thuringiensis, pyraclostrobin, and 2,4-D, with leading production scale and comprehensive technology in the industry. Relying on its proprietary technology and based on rich manufacturing management experience and good international market reputation, the company conducts product sales and customization for global customers, making it a group manufacturing enterprise with an industry-leading position in core technology, core processes, and core products. In terms of procurement and suppliers, the main raw materials purchased by the company include meta-xylene, phenol, salicylic nitrile, 4,6-dihydroxypyrimidine, benzofuranone, liquid chloroacetic acid, trichloropropane, liquid caustic soda, liquid ammonia, liquid chlorine, dipropylamine, trimethyl orthoformate, diisopropylamine, and benzyl chloride. The company's main suppliers include Anhui Guangxin Agricultural Chemical Co., Ltd., Zhejiang Hengdian Poly Import and Export Co., Ltd., Henan Pingmei Shenma Dongda Chemical Co., Ltd., and Mitsubishi Gas Chemical Trading, Inc. In recent years, relying on good product quality, stable production supply capacity, and strong technological research and development capabilities, the company has established long-term strategic partnerships with several multinational companies, including Syngenta, Dow, Nufarm, Adama, UPL, and Honeywell, with export regions covering major market areas globally, including South America, North America, Southeast Asia, and Europe. In terms of finance, for the fiscal years 2021, 2022, 2023, and the first half of 2024, the company achieved operating revenues of approximately 3.579 billion yuan, 5.099 billion yuan, 3.868 billion yuan, and 1.959 billion yuan, respectively. The company's net profits were approximately 431 million yuan, 662 million yuan, 338 million yuan, and 110 million yuan. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250331/1743373262793134.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) It is important to note that the prospectus specifically reminds investors to pay attention to environmental protection risks. The industry in which the company operates is the chemical raw materials and chemical products manufacturing industry, specifically the chemical pesticide manufacturing sub-industry, which faces issues related to "three wastes" emissions and comprehensive treatment during production and operation. With the comprehensive promotion of the national sustainable development strategy, the country and society are increasingly emphasizing environmental protection. Stricter environmental protection standards may be introduced in the future, and penalties for illegal emissions may be increased. The company may further increase its investment in environmental protection, raising related operating costs, which could have a certain impact on the company's production and operations ### Related Stocks - [301665.CN](https://longbridge.com/en/quote/301665.CN.md) - [06178.HK](https://longbridge.com/en/quote/06178.HK.md) - [000553.CN](https://longbridge.com/en/quote/000553.CN.md) - [200553.CN](https://longbridge.com/en/quote/200553.CN.md) ## Related News & Research - [REG - PetroTal Corp. - Director Dealing](https://longbridge.com/en/news/296381467.md) - [Tianqi Lithium files HKEX next-day disclosure return on share repurchase, cancellation at RMB 16.71](https://longbridge.com/en/news/296486555.md) - [INSIGHT-As Europe bakes, momentum grows for climate-resilient farming](https://longbridge.com/en/news/296308417.md) - [08:15 ETNow's the Time: Late Summer Is the Best Season For Homebuyers to Score a Deal in These U.S. Metros](https://longbridge.com/en/news/296616885.md) - [Panoro Energy places USD 50 million senior unsecured bond offering](https://longbridge.com/en/news/296383048.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**