Qixiang Tengda: The chemical industry is currently at the bottom of the cycle, making it an ideal time for strategic acquisitions and integration.

Qi Xiangtengda stated during the institution research that, as the market gradually digesting the new production capacity, industry inventory is trending towards a reasonable level. In addition, with the active pull of fourth-quarter stocking demand, the prosperity of the chemical industry is expected to see a temporary rebound. Currently, the chemical industry is at the bottom of the cycle, and the valuation of target enterprises with mature technology is also at a low level. The company believes that now is an ideal time to implement strategic acquisitions and integrations. The company continues to closely monitor high-quality targets that are highly synergistic with the main business and have complementary technologies, prudently moving forward with merger and acquisition opportunities.