新洋丰农业科技股份有限公司 第九届监事会第九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 | 证券代码：000902 | 证券简称：新洋丰 | 公告编号：2025－024 | | --- | --- | --- | | 债券代码：127031 | 债券简称：洋丰转债 | | 2025 年 4 月 25 日 （一）审议通过了《公司 2025 年第一季度报告》 具体内容详见 2025 年 4 月 25 日登载于《中国证券报》、《证券时报》、《证券日报》、 《上海证券报》和巨潮资讯网（www.cninfo.com.cn）的《公司 2025 年第一季度报告》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 三、备查文件 （一）第九届监事会第九次会议决议。 特此公告。 新洋丰农业科技股份有限公司监事会 一、监事会会议召开情况 新洋丰农业科技股份有限公司第九届监事会第九次会议通知于 2025 年 4 月 21 日以 书面和电子邮件方式发出，会议于 2025 年 4 月 24 日在湖北省荆门市月亮湖北路附七号 洋丰培训中心七楼会议室召开。应参会监 ...

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-023 | | --- | --- | --- | | 债券代码：127031 | 债券简称：洋丰转债 | | 表决结果：同意 9 票，反对 0 票，弃权 0 票。 新洋丰农业科技股份有限公司 第九届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、董事会会议召开情况 新洋丰农业科技股份有限公司（以下简称"公司"）第九届董事会第十一次会议通知 于 2025 年 4 月 21 日以书面和电子邮件方式发出，会议于 2025 年 4 月 24 日在湖北省荆门 市月亮湖北路附七号洋丰培训中心七楼会议室召开。应出席本次会议的董事 9 名，实际出 席本次会议的董事 9 名，董事长杨才学先生，董事杨小红女士、宋帆先生、王险峰先生现 场出席了本次会议，副董事长杨华锋先生、杨磊先生，独立董事张永冀先生、高永峰先生、 赵彦彬先生以电子通信方式参加了本次会议，公司监事及部分高级管理人员列席了本次会 议，会议由董事长杨才学先生主持。会议的通知、召集、召开和表决程序符合《公司法》 和《 ...

| 名称 | 持有数量(万股) | 占总股本 | 增减情 | | --- | --- | --- | --- | | | | 比例(%) | 况(万股) | | 洋丰集团股份有限公司 | 56201.35 | 49.18 | 不变 | | 全国社保基金一零二组合 | 3768.64 | 3.30 | 不变 | | 杨才学 | 1482.61 | 1.30 | 不变 | | 泰康人寿保险有限责任公司-投连-优选成长 | 1439.17 | 1.26 | 不变 | | 平安银行股份有限公司-博时成长领航灵活配置混合型证券投资 | | | | | 基金 | 1369.03 | 1.20 | 新进 | | 香港中央结算有限公司 | 1252.98 | 1.10 | 114.06 | | 泰康资管-建设银行-泰康资产盈泰成长资产管理产品 | 1126.28 | 0.99 | 不变 | | 招商银行股份有限公司-兴证全球合衡三年持有期混合型证券投 | | | | | 资基金 | 933.93 | 0.82 | 新进 | | 招商银行股份有限公司-兴全合泰混合型证券投资基金 | 925.24 | 0.81 | 新进 | | ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥4,668,135,364.90, representing a 39.98% increase compared to ¥3,334,772,187.16 in the same period last year[3] - Net profit attributable to shareholders was ¥514,543,924.22, up 49.61% from ¥343,921,552.52 year-on-year[3] - Basic earnings per share rose to ¥0.410, reflecting a 49.64% increase from ¥0.274 in the same period last year[3] - Net profit for the current period was ¥521,565,271.96, compared to ¥342,625,634.66 in the previous period, reflecting an increase of approximately 52%[23] - Total comprehensive income for the current period was ¥521,492,033.46, compared to ¥342,602,830.56 in the previous period, indicating an increase of about 52%[24] Cash Flow - The net cash flow from operating activities improved significantly to ¥1,042,247,136.05, a 190.54% increase from a negative cash flow of ¥1,151,119,031.62 in the previous year[3] - Operating cash inflow from sales reached approximately CNY 4.64 billion, a significant increase from CNY 2.12 billion in the previous period, reflecting a growth of about 119%[27] - Net cash flow from operating activities amounted to CNY 1.04 billion, recovering from a negative cash flow of CNY 1.15 billion in the prior period[28] - Total cash inflow from investment activities was CNY 1.67 billion, compared to CNY 1.20 billion previously, indicating an increase of approximately 40%[28] - Cash outflow for investment activities was CNY 1.66 billion, a substantial rise from CNY 248 million in the previous period, showing a growth of over 570%[28] - Net cash flow from financing activities was CNY 41.64 million, down from CNY 380.35 million in the prior period, indicating a decrease of about 89%[29] - The ending balance of cash and cash equivalents stood at CNY 1.96 billion, up from CNY 1.06 billion, reflecting an increase of approximately 85%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,081,304,357.81, a 4.66% increase from ¥18,230,999,230.04 at the end of the previous year[4] - The total assets of the company reached RMB 19,081,304,357.81 as of March 31, 2025, compared to RMB 18,230,999,230.04 at the beginning of the period, indicating a growth of approximately 4.67%[16] - Total liabilities increased to ¥7,521,285,092.97 from ¥7,232,699,630.41, showing a rise of approximately 4%[19] - The total current liabilities decreased from RMB 50,045,138.88 to RMB 42,500,000.00, showing a reduction of approximately 15.4%[17] - The company's total liabilities decreased, contributing to a stronger balance sheet position[17] Research and Development - The company's R&D expenses surged by 278.50% to ¥67,380,159.72, indicating a significant increase in investment in new product development[8] - Research and development expenses surged to ¥67,380,159.72 from ¥17,802,047.48, indicating a growth of approximately 278%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,415, with the largest shareholder holding 49.42% of the shares[11] Inventory and Receivables - The company's inventory decreased from RMB 3,590,513,869.95 to RMB 2,776,562,646.98, reflecting a decline of about 22.7%[16] - The accounts receivable increased to RMB 323,368,111.70 from RMB 299,514,499.38, which is an increase of approximately 7.95%[16] - The company reported a significant increase in receivables financing, which rose by 1012.46% to ¥714,818,704.57, indicating improved cash collection from sales[8] Contract Liabilities - Contract liabilities increased by 29.53% to ¥2,573,436,177.47, reflecting strong sales performance and increased advance payments from customers[8] - The company reported a total of ¥2,573,436,177.47 in contract liabilities, up from ¥1,986,741,900.47, reflecting an increase of about 30%[19]

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-026 | | --- | --- | --- | | 债券代码：127031 | 债券简称：洋丰转债 | | 新洋丰农业科技股份有限公司 新洋丰农业科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 18 日在巨潮 资讯网上披露了《2024 年年度报告》及其摘要。为便于广大投资者更加全面深入地了解 公司经营情况、发展战略等情况，公司定于 2025 年 4 月 28 日（星期一）15：00—16： 00 在全景网举行 2024 年年度网上业绩说明会，与投资者进行沟通和交流，广泛听取投 资者的意见和建议。 本次年度业绩说明会将采用网络远程的方式举行，投资者可以登陆全景网"投资者 关系互动平台"（https://ir.p5w.net）参与会议，与公司管理层互动、沟通。 出席本次年度业绩说明会的人员有：公司副董事长、总裁杨华锋先生，董事、财务 总监杨小红女士，独立董事高永峰先生，董事会秘书魏万炜先生。 为充分尊重投资者、提升交流的针对性，现就公司 2024 年年度业绩说明会提前向 投资者公开征集问题，广泛听取投资者的意见和建议。投资者 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [2][5]. Core Insights - The company achieved a revenue of 15.563 billion yuan in 2024, representing a year-over-year growth of 3.07%, and a net profit of 1.315 billion yuan, with an increase of 8.99% [3]. - The growth in revenue is driven by an increase in fertilizer product sales and an improvement in gross margin [3]. - The sales volume of phosphate compound fertilizers reached 5.4861 million tons in 2024, marking an 8.25% increase year-over-year [3]. - The company has focused on expanding its new fertilizer market and enhancing product innovation, leading to a significant increase in new fertilizer sales from 548,500 tons in 2018 to 1.38 million tons in 2024, a growth of 151.60% over six years [4]. - The proportion of new fertilizers in the overall compound fertilizer sales increased from 16.56% in 2018 to 31.67% in 2024, contributing to the overall improvement in compound fertilizer gross margin [4]. Financial Performance Summary - The company is projected to achieve net profits of 1.470 billion yuan, 1.681 billion yuan, and 1.908 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 1.15 yuan, 1.31 yuan, and 1.49 yuan [5][6]. - The current P/E ratios for the years 2025, 2026, and 2027 are estimated to be 12, 11, and 9 times, respectively [5][10]. - The company has a stable cash flow from its compound fertilizer business, which supports its capital expenditure on upstream phosphate projects and enhances its integrated supply chain [4][5].

Investment Rating - The report suggests a focus on the compound fertilizer industry due to its increasing concentration and potential benefits from tariff responses against the US [4] Core Viewpoints - The chemical sector saw a slight increase of 0.31% in the third week of April, lagging behind the Shanghai Composite Index by 0.88 percentage points [12] - Key stocks that performed well include Hongbaoli (+55.21%), Lingpai Technology (+28.07%), and Hongqiang Co. (+24.25%) [12] - The report highlights the significant price increases in trichloroethylene (+16.28%) and WTI crude oil (+7.67%) [20] - The report emphasizes the potential growth of companies like Xinyangfeng in the compound fertilizer sector, Chenghe Technology benefiting from tariff responses, Baofeng Energy with increasing production capacity, and Huangma Technology as a leader in specialty surfactants [4] Industry Performance - The chemical sector's dynamic PE is reported at 23.28 times, lower than the average PE of 14.76 times since 2015 [12] - In the third week of April, 20 sub-industries within the chemical sector increased, while 11 decreased, with textile chemicals (+6.07%) and modified plastics (+4.8%) leading the gains [15] - The report notes significant fluctuations in product prices, with liquid chlorine experiencing a drastic drop of -62.28% [20][39] Price and Spread Trends - The report lists the top five products with the highest weekly price increases, including trichloroethylene (+16.28%) and WTI crude oil (+7.67%) [20] - It also highlights the top five products with the largest price spread increases, such as ethylene glycol (+1154%) and naphtha (+32.58%) [39] Inventory Changes - Notable inventory changes include polyester chips (+17.14%) and polyester filament (+14.11%) showing significant increases [60]

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Views - The company is experiencing an increase in both volume and profit margins for phosphate fertilizers, supported by rich phosphate reserves and ongoing high-value development in the phosphate chemical sector [1] - The company achieved a revenue of 15.563 billion yuan in 2024, reflecting a year-on-year growth of 3%, with a net profit attributable to shareholders of 1.315 billion yuan, up 9% year-on-year [6] - The company plans to distribute a cash dividend of 3 yuan per 10 shares, totaling 376 million yuan, which represents 28.63% of the annual net profit [6] Financial Data and Profit Forecast - The company forecasts total revenue of 17.806 billion yuan for 2025, with a year-on-year growth rate of 14.4% [5] - The projected net profit attributable to shareholders for 2025 is 1.753 billion yuan, indicating a significant year-on-year increase of 33.3% [5] - The earnings per share (EPS) is expected to be 1.40 yuan for 2025, with a price-to-earnings (PE) ratio of 10 [5] Sales and Market Position - The company reported a sales volume of 2.9771 million tons for conventional compound fertilizers in 2024, a 3% increase year-on-year, and a sales volume of 1.38 million tons for new-type compound fertilizers, up 23% year-on-year [6] - The company’s market share in compound fertilizers has been steadily increasing, with sales growing from 2.6067 million tons in 2015 to 4.3571 million tons in 2024, reflecting a compound annual growth rate of 5.87% [6] Project Development and Resource Reserves - The company is advancing several projects, including a 10,000-ton refined phosphoric acid project and a 30,000-ton acid fertilizer project, enhancing its integrated advantages in the compound fertilizer and new energy materials sectors [6] - The company has acquired mining rights for approximately 2.7 million tons of phosphate, with ongoing efforts to strengthen resource reserves [6]

1）新洋丰 （睿璞投资参与公司分析师会议） 调研纪要：2024年新洋丰实现营收155.63亿元，同比增长3.07%，归母净利润13.15亿，同比增长 8.99%。复合肥销量435.71万吨，同比增长8.7%，其中新型复合肥销量138.00万吨，同比增长22.93%， 主要受益于消费升级和规模种植群体需求。磷矿石价格高位，毛利率受压制，未来磷矿产出增加将提升 毛利率。公司在西北大区投建三个基地，提升供应能力和知名度，降低运输成本。中小产能退出市场， 头部企业市占率提升。经营性现金流下降因销售节奏差异，2024年末存货增加8亿。未来资本开支项目 为夷陵项目和莲花山矿。 根据市场公开信息及4月18日披露的机构调研信息，知名私募睿璞投资近期对1家上市公司进行了调研， 相关名单如下： 机构简介： 广东睿璞投资管理有限公司是国内研究能力强、激励制度领先的私募基金管理公司，成立于2015年8月 11日，注册资本1000万人民币，创始人为国内著名基金经理蔡海洪先生。与资本市场上众多的资产管理 者相比，我们团队的独特之处在于热爱投资、践行纯粹的价值投资、专注于能力圈、坚持独立判断、保 持勤奋和专业精神、坚守诚信尽责理念。我们以 ...

新洋丰发布2024 年度业绩报告：2024 全年实现营业总收入155.63 亿元，同比+3.07%；实现归母净利润 13.15 亿元，同比+8.99%。其中2024Q4 单季度实现营业收入31.96 亿元，同比-0.56%、环比-19.04%，实 现归母净利润2.02 亿元，同比-6.52%、环比-46.11%。 投资要点 2024 年公司主要产品价格虽有下降，但销量增长仍助力公司营业收入增加。2024 年公司实现磷复肥销 量548.61 万吨，同比增长8.25%。分产品产销情况来看，复合肥2024 年产量为442.78 万吨，同比 +10.78%，销量为435.71 万吨，同比+8.70%；磷肥2024 年产量为197.89 万吨，同比+27.25%，销量为 112.90 万吨，同比+6.56%。 主要产品产销量上升助力公司营收增长 研发费用率上升，主因公司研发力度加大 期间费用方面，公司2024 年销售/管理/财务/研发费用率分别同比+0.19/-0.02/+0.10/+0.48pct，其中财务 费用率上升的主要原因为2024 年公司利息收入较上年减少；研发费用率上升的主要原因为公司研发投 入力度增大。 ...