Strict environmental protection supervision has been normalized, and the company has benefited from the production capacity of rivals. The interamino acid industry where the company is located uses nitrobenzene as a base material. The production process is complicated, and a large amount of waste water is produced as a by-product, which is a highly polluting industry. Since this year, the central government and local governments have stepped up groundwater pollution remediation in North China. A large number of small chemical companies have had to shut down their devices, while supply and demand for amino-related products have reversed, and product prices have begun to rise. Prices have risen by 20% to 30% since the beginning of the year, and the industry has re-entered a boom cycle. Environmental protection and high-pressure supervision will become normalized, and in the future, the industry's small inter-amino production capacity will gradually be withdrawn. The company is expected to become an industry oligarch and have an important voice in industry pricing. New production capacity has been gradually released, and both production quality have been gradually put into operation. The company's various fund-raising projects have been gradually put into operation since the second half of last year. They have now officially reached production. They are further ahead of domestic and foreign competitors in terms of scale, and product quality has also been improved. Meta-amino will use a hydrogenation process to replace iron powder reduction, which will benefit the quality improvement of various downstream products. Due to the withdrawal of small production capacity, 2,5 acid companies are under less pressure to absorb production capacity. However, the company's interhydroxyl products are famous in the market for their quality advantages and supply stability, and supply stability have always been in short supply, and the shutdown of small production capacity will further raise the level of profit. M-aminophenol, ODB, and aminophenyl sulfone products are still in the market development stage. The m-aminophenol industry is fiercely competitive, and profit levels will only recover once the industry's production capacity is cleared. ODB products are high-end fine chemicals, and downstream users need to go through a long period of trial and verification before they can fully accept the company's products. Demand for aminophenyl sulfone is still under development, and large-scale releases are still awaiting market growth. Proposals to “increase holdings” The supply side of the industry is currently beginning to shrink, but due to the weak macroeconomic economy in the domestic economy, demand for products is growing slowly, and the company is in the early stages of a profit reversal. As other small production capacity in the industry is completely shut down, economic recovery drives demand growth, and the company's performance will usher in explosive growth. The company is expected to earn 0.35,0.5,0.7 yuan per share for 13-14, increasing the rating.