12月23日，新洋丰盘中上涨2.05%，截至10:23，报15.95元/股，成交6041.44万元，换手率0.33%，总市 值200.13亿元。 资金流向方面，主力资金净流入196.73万元，特大单买入288.43万元，占比4.77%，卖出442.17万元，占 比7.32%；大单买入1559.70万元，占比25.82%，卖出1209.23万元，占比20.02%。 截至9月30日，新洋丰股东户数3.14万，较上期增加7.95%；人均流通股36393股，较上期减少7.36%。 2025年1月-9月，新洋丰实现营业收入134.75亿元，同比增长8.96%；归母净利润13.74亿元，同比增长 23.43%。 分红方面，新洋丰A股上市后累计派现27.55亿元。近三年，累计派现10.04亿元。 机构持仓方面，截止2025年9月30日，新洋丰十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股1612.69万股，相比上期增加50.30万股。博时成长领航混合A（010902）位居第六大流通股 东，持股1369.03万股，持股数量较上期不变。鹏华中证细分化工产业主题ETF联接A（014942）位居第 八大流通股东，持 ...

Core Viewpoint - The slow-release compound fertilizer industry is experiencing significant growth driven by government policies promoting efficient and environmentally friendly fertilizers, with a projected market size of 312.7 billion yuan in China by 2024, and a compound annual growth rate (CAGR) of over 5% expected for production by 2025 [1][10]. Group 1: Industry Overview - Slow-release compound fertilizers utilize physical, chemical, or biological technologies to precisely control nutrient release, matching crop needs and improving nutrient utilization rates by 30%-50% [1][2]. - The industry is transitioning from economic crops to field crops, with the market for slow-release fertilizers expected to expand significantly due to their comprehensive advantages [1][10]. - The Chinese fertilizer market is projected to reach 312.7 billion yuan in 2024, with compound fertilizers accounting for nearly 50% of the application volume, solidifying their role as a market core [1][10]. Group 2: Policy Environment - The Chinese government has implemented multiple policies to encourage the development of efficient and environmentally friendly fertilizers, positioning slow-release compound fertilizers as a key component in promoting agricultural green development [1][6]. - Key policy documents include the "Action Plan for Reducing Chemical Fertilizer Use by 2025" and the "Guidelines for Promoting Agricultural Modernization," which collectively support the growth of the slow-release fertilizer sector [1][6]. Group 3: Industry Chain - The industry chain consists of upstream suppliers of nitrogen, phosphorus, potassium fertilizers, and coating materials, with midstream production focused on slow-release fertilizer manufacturers utilizing various technologies [1][8]. - The downstream application primarily serves agriculture, with nearly half of the demand coming from economic crops, while non-agricultural sectors like landscaping are also emerging [1][8]. Group 4: Competitive Landscape - The industry is characterized by a competitive landscape dominated by leading companies such as Kingenta, Stanley, and Ba Tian, which leverage technology and scale to establish market barriers [1][11]. - These leading firms are innovating in areas such as biodegradable coating technology and specialized fertilizers tailored to crop growth stages, enhancing their competitive edge [1][11]. Group 5: Future Trends - The slow-release compound fertilizer industry is expected to evolve towards precision technology, market structure optimization, and global collaboration, focusing on biodegradable materials and smart technology integration [1][12]. - The dual drive of policy and market demand will continue to shape the industry, leading to increased concentration and a shift towards specialized and functional products [1][14]. - Companies are likely to expand their applications beyond traditional agriculture into areas like ecological restoration, enhancing growth opportunities [1][15].

Investment Rating - The report initiates coverage with a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next six months [11]. Core Insights - The company, Xinyangfeng, is a leading player in the domestic phosphate fertilizer industry, with over 40 years of experience in the agricultural chemical sector. It has established a dual business model of "phosphate fertilizer + new energy materials" and operates 12 production bases across the country, with an annual capacity of 10.28 million tons for various high-concentration phosphate fertilizers, 900,000 tons for phosphate rock, and 50,000 tons for iron phosphate [1][2]. - The company has reported significant growth in its performance for the first three quarters of 2025, with revenue reaching 13.475 billion yuan, a year-on-year increase of 8.96%, and a net profit attributable to shareholders of 1.374 billion yuan, surging by 23.43% year-on-year. The price of monoammonium phosphate has also seen a notable increase [2]. - The company is focusing its capital expenditures on deepening its industrial chain to solidify long-term competitiveness. Key projects include the construction of a new materials industrial park in Yichang, Hubei, and a specialized fertilizer project in Bengbu, Anhui, expected to be completed by the end of 2026 [3]. Financial Summary - For the fiscal year 2025, the company is projected to achieve a net profit of 1.658 billion yuan, with a corresponding price-to-earnings (P/E) ratio of 12 times. The expected net profits for 2026 and 2027 are 1.769 billion yuan and 1.977 billion yuan, respectively, with P/E ratios of 11 times and 10 times [3][5]. - The company's revenue is forecasted to grow from 15.563 billion yuan in 2024 to 20.056 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 8.17% [5].

Core Viewpoint - Food security is a critical national priority, and the company is committed to supporting this through its comprehensive agricultural strategies and innovations [1] Group 1: Industry Context - The Chinese government emphasizes the importance of food security as a foundation for national security, aiming to increase grain production from 1.4 trillion jin to 1.5 trillion jin [1] - The company recognizes the need for stable supply and efficient use of fertilizers as part of the strategy to enhance food security [1] Group 2: Company Strategy - The company has strategically positioned its production facilities close to phosphate resources and key agricultural markets to ensure a stable supply chain [2] - A new project in Hubei, set to begin in May 2025, aims to create a comprehensive phosphate resource utilization chain, enhancing production stability and cost control [2] Group 3: Market Development - The company has established modern fertilizer production bases across major agricultural provinces, allowing for tailored fertilizer solutions based on regional soil characteristics and crop types [4] - An investment agreement for a new specialized fertilizer project in Anhui is set to produce 1 million tons annually, further expanding the company's market presence [4] Group 4: Innovation and Product Development - The company has developed over 200 specialized fertilizer products tailored to various crops, addressing the need for high-efficiency and environmentally friendly solutions [5] - Collaborations with research institutions have led to significant advancements, such as a compound fertilizer that reduces toxin levels in oilseed crops by 80% [5] Group 5: Service and Support - The company emphasizes the importance of service alongside product sales, employing over 240 agronomists to provide comprehensive support to farmers [7] - The agronomists offer technical guidance on soil testing, planting management, and pest control, ensuring effective fertilizer application [7] Group 6: Future Outlook - The company aims to integrate its resource assurance, innovative product offerings, and extensive service network into the national food security strategy, contributing to agricultural strength [9] - The mission is to enhance agricultural productivity and ensure food security through a robust and efficient supply chain [9]

在此关键时段，本版今日起推出系列报道《2025收官掠影》，期待通过梳理优秀企业经验、凝聚发展共 识，为业界带来有价值的参考与启迪。 编者按 距离2025年结束仅剩半个月，石油和化工企业也进入全年发展的收官冲刺阶段。面对多重挑 战，广大石化企业正全力以赴、争分夺秒，在绿色转型、技术突破与结构优化的道路上奋力前行，以决 战姿态跑出高质量发展"加速度"。 2025年收官在即，新洋丰农业科技股份有限公司正同步打响两大攻坚战：一场是磷复肥主业的稳产保供 战，一场是新能源材料主业磷酸铁的创新突破战。这场双线并进的年度冲刺，不仅是企业经营目标的攻 坚，更彰显了传统产业与新兴动能在时代命题下的协同进化。 磷复肥：筑牢粮食安全的"压舱石" 四季度正是春耕备肥的黄金季节，新洋丰正系统构建从原料到田间的全流程保障体系，为国家粮食安全 贡献力量。 原料保障构筑坚实基础。面对硫黄、钾肥等原料价格剧烈波动，新洋丰通过多年布局，建立起稳固的多 元化原料供应网络，同时充分利用其规模化和资金优势，深化战略合作，精准研判市场趋势，在控制采 购成本的基础上，有效保障了关键原材料的稳定供应。该公司还通过参股、战略合作等方式深度参与上 游磷矿资源开发 ...

（文章来源：证券日报） 证券日报网讯 12月12日晚间，新洋丰发布公告称，2025年12月12日，公司完成了相关的工商变更登记 手续，并取得了由荆门市市场监督管理局颁发的新版《营业执照》。 ...

Core Insights - The chemical industry is entering a favorable phase driven by demand, value, and supply dynamics [5][6][7] - Global supply constraints and the exit of European capacities are expected to enhance the market environment for the chemical sector [7] Demand Drivers - Key opportunities identified in various sectors include: - Gas turbine upstream: companies like Zhenhua Co., Yingliu Co., Longda Co., and Wanze Co. [5] - Refrigerants and fluorinated liquids: companies such as Juhua Co., New Zhoubang, and Runhe Materials [5] - Energy storage supply chain: including Chuanheng Co., Xingfa Group, Yuntianhua, Batian Co., and others [5] - Semiconductor materials: companies like Yanggu Huatai, Wanrun Co., Dinglong Co., and others [5] Value Drivers - Potential for increased dividend yields in sectors such as: - Coal chemical: Hualu Hengsheng, Luxi Chemical, and Baofeng Energy [6] - Oil refining: Hengli Petrochemical, Satellite Chemical, and Sinopec [6] - Phosphate fertilizers: Yuntianhua, Yuntu Holdings, and others [6] Supply Drivers - Domestic anti-involution policies and the exit of European production capacities are expected to support the chemical industry: - PTA and polyester filament: companies like Xin Fengming and Tongkun Co. [7] - Tire manufacturing: including Sailun Tire, Zhongce Rubber, and others [7] Key Companies and Profit Forecasts - Selected companies with profit forecasts include: - Zhenhua Co. (Net profit forecast for 2025: 6.04 billion, PE: 21.8) [8] - Yingliu Co. (Net profit forecast for 2025: 4.08 billion, PE: 42.7) [8] - Longda Co. (Net profit forecast for 2025: 1.06 billion, PE: 34.9) [8] - Wanze Co. (Net profit forecast for 2025: 2.37 billion, PE: 32.9) [8] - Juhua Co. (Net profit forecast for 2025: 48.14 billion, PE: 24.4) [8] Industry Cycle Insights - The chemical industry is expected to enter a new cycle, with demand recovery and supply-side reforms driving growth [14][21] - The chemical price index has shown signs of recovery, indicating a potential upturn in the market [20][21]

公司名称：新洋丰农业科技股份有限公司 统一社会信用代码：91420800764100001A 类 型：其他股份有限公司（上市） 住 所：湖北省荆门市月亮湖北路附 7 号 关于完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 新洋丰农业科技股份有限公司（以下简称"公司"）分别于 2025 年 10 月 24 日、 2025 年 11 月 14 日召开第九届董事会第十六次会议及 2025 年第三次临时股东会，审议 通过了《关于变更注册资本、取消监事会暨修订<公司章程>的议案》，具体内容详见公 司于 2025 年 10 月 27 日在《中国证券报》、《证券时报》、《证券日报》、《上海证 券报》及巨潮资讯网（http://www.cninfo.com.cn）披露的《关于变更注册资本、取消 监事会暨修订<公司章程>的公告》。 2025 年 12 月 12 日，公司完成了相关的工商变更登记手续，并取得了由荆门市市场 监督管理局颁发的新版《营业执照》，其相关信息如下： | 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-058 | | ...

近年来，新洋丰始终坚持"创新驱动 绿色发展"理念战略，通过持续加大研发投入，引进高层次科技人 才，深化产学研合作，在磷复肥、磷系新能源材料、磷精细化工、磷石膏固废利用等领域取得了一系列 研发突破，并将创新技术高效转化为具有市场竞争力的产品与服务。近3年，该公司累计投入研发费用 近5亿元，承担了7项"十四五"国家重点研发项目或课题，参与制定国标4项、行标5项，获得发明专利54 件。 中化新网讯 近日，新洋丰农业科技股份有限公司总部通过三年一度的高新技术企业重新认定;旗下子公 司吉林新洋丰肥业有限公司首次通过高新技术企业认定。截至目前，新洋丰系统内已有5家企业跻身高 新技术企业行列。 ...

Core Viewpoint - The company XinYangFeng is leveraging technological innovation to transform the fertilizer industry, focusing on green and high-value development while enhancing economic and ecological benefits [1][2]. Group 1: Company History and Development - XinYangFeng's history is marked by technological innovation, starting from its establishment in 1982 and overcoming early financial difficulties through strategic reforms [2]. - The company transitioned from traditional fertilizers to new types of fertilizers, establishing a research center in collaboration with China Agricultural University in 2010, which led to the development of controlled-release and water-soluble fertilizers [2]. - Currently, XinYangFeng has built 14 production bases across the country, with a production capacity exceeding 10 million tons of phosphate fertilizers and annual sales surpassing 5 million tons, positioning itself as a leader in the domestic phosphate fertilizer industry [2]. Group 2: Innovation and Research - XinYangFeng has established several provincial innovation platforms and invested over 200 million yuan annually in research and development since 2022, collaborating with various research institutions on significant projects [4]. - The company has achieved notable recognition for its innovations, including multiple provincial science and technology awards and over 260 authorized patents [4]. Group 3: Agricultural Impact and Community Engagement - Since 2010, XinYangFeng has participated in the national soil testing and fertilization initiative, completing over 2,000 soil testing reports and developing more than 1,600 crop nutrition solutions [6]. - In 2024 alone, the company conducted over 10,000 technical training sessions, benefiting more than 600,000 farmers and establishing 10,000 demonstration fields [6]. Group 4: Strategic Direction and Future Outlook - In response to industry challenges, XinYangFeng is focusing on dual development in phosphate fertilizers and fine chemicals, maximizing the value of phosphate resources and establishing a comprehensive innovation chain [7]. - The company is also transitioning towards digital and intelligent production models, aiming for breakthroughs in various key areas, including the industrialization of lithium iron phosphate for new energy batteries [7]. - Looking ahead, XinYangFeng plans to continue its focus on innovation-driven and green development, targeting advanced fields such as new fertilizers, fine chemicals, and high-value utilization of phosphogypsum [9].