Hubei Forbon Technology (300387.SZ) stated at the investor relations event on September 20 that, from the perspective of the entire industry trend, the increasingly strict global carbon neutrality and eco-friendly policies are forcing the fertilizer industry to transform and upgrade. Traditional additive products cannot meet the increasingly diverse needs of customers, and the industry will move towards green and low-carbon directions. In China, due to the sluggish demand in the downstream fertilizer market and entering a period of inventory digestion, the demand for traditional additives from customers is decreasing. At the same time, with the deepening of policies to reduce fertilizer use and increase efficiency, customers' demand for green and efficient agricultural chemical additive products continues to rise. In overseas markets, developed countries represented by the European Union are shifting towards large-scale precise customized products. Therefore, the demand for traditional additive products continues to shrink, entering an era of game theory based on existing stocks.