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According to a report released by Dongxing Securities on April 2, they have given a "strong recommendation" rating to Yangnong Chemical (600486.SH). The rating reasons mainly include: 1) Yangnong Chemical has released its annual report; 2) Although the prices of pesticide products are under pressure, the increase in sales volume has driven overall performance growth; 3) The geopolitical conflict in the Middle East has raised the cost of pesticides, and the prosperity of pesticide products may be expected to improve; 4) The company is orderly advancing the construction of new project production capacity, which is expected to gradually contribute to performance growth in the future; 5) Technological innovation has achieved phased progress. (Daily Economic News)
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