$Yili Chuanning Biotechnology (301301.SZ)$ The current marke...

The current market situation is (1) international demand for antibiotics has increased due to the international situation; (2) China's aging phenomenon is serious; (3) antibiotics have changed from abuse to rational use, and have become an immediate medical requirement; (4) the antibiotic market will originally grow by about 4% every year. According to the current market situation, companies in the industry will digest and absorb it; (5) until the deadline, no new production capacity has entered the antibiotic field, and the country has included penicillus and cephalosporin in national restricted production capacity. In summary, the prices of penicillus intermediates and cephalosporin intermediates are expected to increase to a certain extent in 2024.