Glonghui, September 25 | Anxin Hong Kong released a research report stating that it maintains the “buy” rating of China Heart to Heart Chemical Fertilizer. The target price is HK$6.5, corresponding to the predicted price-earnings ratio of 7.0 times and 5.4 times for 2023-24, respectively. It is estimated that by the end of the 14th Five-Year Plan, the company will achieve sales volume of 4 million tons of compound fertilizer and a net profit of 200 yuan per ton, supporting the expansion of the national market. In the first half of 2023, the company's compound fertilizer sales volume was 1.13 million tons. Compound fertilizer sales are expected to reach 220/300/4 million tons in 2023-25. The bank believes that in the future, the sales volume of the company's high-efficiency fertilizer will increase rapidly, driving performance growth. In the long run, it will grow into a giant in the high-efficiency fertilizer industry in China.