We won a complete victory in the South China regional performance competition in June. In this intense performance PK competition, our team is like a carefully tuned engine, roaring through numerous obstacles. We not only exceeded the set goals, but also raised the sails of victory in the ocean of competition, winning the crown with unparalleled results. This victory is not only a recognition of individual abilities, but also a perfect demonstration of teamwork spirit. We have written glory with numbers and proved our strength with actions. This success is the crystallization of our wisdom and sweat, and also the best interpretation of our pursuit of excellence.

Overview of Global Urea Demand Global urea demand has shown a steady growth trend in recent years. According to the forecast of the International Fertilizer Association (IFA), urea demand will maintain an annual growth rate of more than 1% in the next few years, and is expected to increase to 183 million tons by 2024, of which agricultural demand will dominate. The agricultural field is the main application field of urea. The increase in global food demand and the adjustment of agricultural production structure have played a decisive role in the increase in urea demand. Supply and demand balance The supply and demand balance in the urea market is also changing. On the one hand, global urea production is increasing, but the growth rate is slow, while demand is growing steadily. This has led to a contradiction between supply and demand in the market, especially in certain periods, when the shortage of urea supply has become the main problem in the market.

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