Tianfeng Securities: Under the substantial push against internal competition, the structure of the wind power equipment and agricultural chemical products industry may improve.

date
03/08/2025
Tianfeng Securities released a research report stating that this round of anti-"involution" logic and supply-side reforms are different. This round of anti-"involution" focuses more on cost investigation and price monitoring, governing enterprises' low-price disorderly competition. After the speculative expectation phase, the anti-"involution" market will still evolve into pricing which industries will be cleared out in the cycle, performance can stabilize and be continuously verified. The market will shift from "expecting anti-involution" to "substantive anti-involution". Examples of "substantive anti-involution" include agricultural chemicals and wind power equipment.