[Shenwan Hongyuan Chemicals] Lier Chemical Update: China Resources Takes Control, Revitalizing Momentum, Synthetic Biology Synergy Sets Sail

English summary

#?The China Resources system is highly market-oriented with more flexible systems and mechanisms. It is relatively open in decision-making authorization, and the SASAC system already has many equity incentive cases. After China Resources takes control, it is expected to set corresponding business goals and incentive policies to restore the company's operational vitality. #?China Resources Double Crane will drive Lier Chemical to achieve four transformations: 1) From traditional chemical manufacturing to "chemical + bio-manufacturing," Double Crane will help the company enhance bio-manufacturing capabilities and the proportion of bio-based production; 2) From herbicide-focused to integrated crop protection, expanding into insecticides, fungicides, etc.; 3) From generic-driven to innovation-driven; 4) From API-focused to branded formulations, leveraging the integration advantage of raw materials and formulations. #?The synergy between the two is mainly reflected in three aspects: 1) Leveraging Lier Chemical's industrialization and commercialization capabilities to promote the transformation of China Resources Double Crane's synthetic biology R&D results; 2) Combining Double Crane's synthetic biology technology with Lier Chemical's chemical manufacturing experience to promote the integration of biotechnology and chemical technology and facilitate industrial transformation; ...