Core Viewpoint - The article emphasizes the importance of agriculture in ecological protection and green development, highlighting the role of New Yangfeng as a leader in the phosphate fertilizer industry in China, actively responding to national strategies for green transformation and environmental protection [1][6]. Group 1: Environmental Challenges and National Strategies - Global food systems contribute over one-third of total anthropogenic greenhouse gas emissions, with food production accounting for the highest share at 39% [1]. - In China, approximately 40% of arable land is experiencing varying degrees of soil degradation, indicating significant challenges in agricultural non-point source pollution management [1]. - The Chinese government has integrated climate change response into its national strategy, promoting policies for comprehensive green transformation in agriculture [1]. Group 2: Technological Innovation and Research - New Yangfeng has increased its investment in technological research, undertaking over 20 national and provincial key research projects, focusing on green slow-release fertilizers and agricultural pollution prevention technologies [2]. - The company has developed four new functional slow-release fertilizer products and nine specialized products for crops like corn and peanuts, covering approximately 1.35 million acres to enhance fertilizer efficiency and reduce environmental burdens [2]. Group 3: Standards and Industry Leadership - New Yangfeng actively participates in the establishment of green product and factory standards, contributing to seven national and industry standards, setting a replicable model for the industry's green transformation [3]. Group 4: Product and Service Integration - The company has developed a diverse product matrix of over 100 types of fertilizers, focusing on high efficiency, specialization, and environmental protection to meet various agricultural needs [4]. - New Yangfeng has conducted over 10,000 technical training sessions and established more than 600 high-standard demonstration fields to promote green planting and improve soil health [4]. Group 5: Resource Utilization and Eco-restoration - New Yangfeng leads in the comprehensive utilization of phosphogypsum, processing over 700 million tons annually, with a resource utilization rate continuously improving [5]. - The company collaborates with research institutions to develop soil conditioners and organic fertilizers, conducting trials for saline-alkali land improvement in various provinces [5]. Group 6: Future Outlook - New Yangfeng aims to further integrate green production with ecological protection, striving for a harmonious coexistence of agriculture and the environment while enhancing sustainable agricultural practices [6].

进入新时代，突破产业关键核心技术"卡脖子"难题、布局前沿技术抢占未来增长点，成为石油和化工行 业高质量发展的重要命题。为此，化工企业应"三管齐下"，助力科技跃迁。 三是深挖创新发展潜力，激活新动能。化企要围绕全产业链，优先级协调资源配置，向高附加值产品和 污染物转化技术等方向延伸；充分利用数字化平台和人工智能等手段，让越来越多的科技成果从实验室 走向生产线；设立科技成果转化专项奖励，将研发成果与团队绩效绑定，激发内生动力；主导或参与行 业技术标准制订，推动创新成果规模化应用。新洋丰高度重视挖掘和培养创新型技术人才，设立了新品 研发、技改创新、科技荣誉、专利荣誉和科技人才等各种荣誉奖项，激发了全体科研和技术人员创新创 造的激情。 一是聚焦关键核心技术，提升科技创新效能。化企应通过技改和设备升级，优化产线工艺，拓宽产业结 构，提升资源综合利用率；强化跨部门协同机制，打通研发、生产、销售、市场四大环节的信息壁垒， 建立"发现—反馈—研讨—解决"的高效问题处理流程；结合国际国内产业发展趋势，动态调整研发方 向，确保与产业前沿技术和国家战略需求同步。新洋丰与中国科学院地理科学与资源研究所联合开展 的"磷石膏改良盐碱地效 ...

行 业 及 产 业 基础化工 2025 年 05 月 18 日 关注纺服及家电链修复，双草格局 有望改善，尿素磷肥出口放开或提 振企业盈利 看好 ——《化工周报 25/05/12-25/05/16》 证 券 研 究 报 告 证券分析师 马昕晔 A0230511090002 maxy@swsresearch.com 宋涛 A0230516070001 songtao@swsresearch.com 研究支持 邵靖宇 A0230524080001 shaojy@swsresearch.com 任杰 A0230522070003 renjie@swsresearch.com 赵文琪 A0230523060003 zhaowq@swsresearch.com 周超 A0230123090004 zhouchao@swsresearch.com 李绍程 A0230124070001 lisc@swsresearch.com 联系人 马昕晔 (8621)23297818× maxy@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 本期投资提示： 相关研究 请务必仔细阅读正文之后的各项信息披 ...

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-031 | | --- | --- | --- | | 债券代码：127031 | 债券简称：洋丰转债 | | 根据相关规定，"洋丰转债"将在本次权益分派股权登记日后的第一个交易日（即 2025 年 5 月 20 日）起恢复转股。敬请公司可转换公司债券持有人留意。 特此公告。 2025 年 5 月 17 日 本公司及董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。 特别提示： 新洋丰农业科技股份有限公司（以下简称"公司"）因实施公司 2024 年年度权益 分派，根据《新洋丰农业科技股份有限公司公开发行可转换公司债券募集说明书》及相 关规定，公司可转换公司债券（债券简称：洋丰转债；债券代码：127031）自 2025 年 5 月 12 日起暂停转股。具体内容详见公司于 2025 年 5 月 10 日在指定信息披露媒体《证 券时报》、《中国证券报》、《上海证券报》、《证券日报》及巨潮资讯网（www.cninfo.com.cn） 刊登的《关于实施权益分派期间"洋丰转债"暂停转股的公告》（公告编号：2025 ...

Core Viewpoint - New Yangfeng, a leading company in the phosphate fertilizer industry, continues to show strong performance with significant dividends and growth in revenue and profit for 2024 [1][2][3]. Financial Performance - For 2024, New Yangfeng reported total revenue of 15.563 billion yuan and a net profit attributable to shareholders of 1.315 billion yuan, representing year-on-year increases of 3.07% and 8.99% respectively [2][3]. - In Q1 2025, the company achieved revenue of 4.668 billion yuan and a net profit of 515 million yuan, with year-on-year growth rates of 39.98% and 49.61% [1][3]. Dividend Distribution - On May 12, New Yangfeng announced a cash dividend of 3 yuan per 10 shares, totaling 376 million yuan, with no stock dividends or capital reserve transfers [1]. Product Performance - In 2024, the phosphate fertilizer business accounted for 94.70% of the company's revenue, with total sales volume reaching 5.4861 million tons, an increase of 8.25% year-on-year [2][3]. - The sales volume of new compound fertilizers grew significantly, contributing to the optimization of the company's product structure [2][5]. Market Position and Strategy - New Yangfeng has maintained its position as a top player in the phosphate fertilizer industry, with compound fertilizer sales increasing from 2.6067 million tons in 2015 to 4.3571 million tons in 2024, reflecting a compound annual growth rate of 5.87% [4][5]. - The company is focusing on the new fertilizer market and has launched several high-end products, enhancing its competitive edge [4][5]. Production Capacity - New Yangfeng has established 11 production bases with a total capacity of 10.28 million tons per year for high-concentration phosphate fertilizers and 900,000 tons per year for phosphate rock [5]. - The company is also expanding its production capabilities in fine chemicals and new energy materials, with the second production line for iron phosphate recently starting trial production [3][5].

Core Points - The company has announced the implementation of its 2024 annual profit distribution plan, which was approved at the shareholders' meeting on May 9, 2025 [1][2][3] - The total number of shares eligible for profit distribution is 1,254,733,168 shares, with a total cash dividend of 376,419,950.40 yuan [4][5] - The distribution plan involves a cash dividend of 3.00 yuan per 10 shares (before tax) for all shareholders, with specific tax treatments for different categories of investors [5][6] Distribution Plan - The cash dividend distribution will be executed on May 20, 2025, with the record date set for May 19, 2025 [5][6] - The cash dividends for A-share shareholders will be directly credited to their accounts through their securities companies [8] - The company will bear all legal responsibilities if there are any discrepancies in the cash dividends due to changes in shareholders' accounts during the distribution application period [9] Convertible Bond Adjustment - The company has announced an adjustment to the conversion price of its convertible bonds, "洋丰转债," from 17.39 yuan per share to 17.09 yuan per share, effective from May 20, 2025 [14][15] - This adjustment is based on the company's annual profit distribution plan, which includes a cash dividend of 0.30 yuan per share [15]

债券代码：127031 债券简称：洋丰转债 东北证券股份有限公司 关于新洋丰农业科技股份有限公司 发生分配股利行为的 临时受托管理事务报告 发行人 新洋丰农业科技股份有限公司 （注册地址：湖北省荆门市月亮湖北路附 7 号） 债券受托管理人 （注册地址：长春市生态大街 6666 号） 二〇二五年五月 声 明 本报告依据《公司债券发行与交易管理办法》（以下简称"管理办法"）、 《公司债券受托管理人执业行为准则》（以下简称"行为准则"）、《新洋丰农 业科技股份有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说 明书"）、《新洋丰农业科技股份有限公司 2021 年公开发行可转换公司债券受 托管理协议》（以下简称"受托管理协议"）等相关规定、公开信息披露文件、 新洋丰农业科技股份有限公司（以下简称"发行人"或"公司"）出具的相关说 明文件以及提供的相关资料等，由受托管理人东北证券股份有限公司（以下简称 "东北证券"）编制。东北证券编制本报告的内容及信息均来源于发行人提供的 资料或说明。 一、债券基本情况 司"）公开发行可转换公司债券完成发行，债券简称"洋丰转债"，发行规模 第五年 1.8%、第六年 2.0%。 ...

Group 1 - The company has announced an adjustment to the conversion price of its convertible bonds, "Yangfeng Convertible Bonds," from 17.39 yuan per share to 17.09 yuan per share due to the implementation of the 2024 annual equity distribution plan [2] - The adjustment is based on the formula provided in the company's prospectus, which accounts for cash dividends and other equity changes [1][2] - The adjusted conversion price will take effect from May 20, 2025, the ex-dividend date [2] Group 2 - The company issued 1 billion yuan of convertible bonds, which began trading on April 23, 2021 [1] - The adjustment formula for the conversion price includes variables for stock dividends, new share issuance, and cash dividends [1] - The company ensures that the information disclosed is accurate and complete, with no misleading statements [1]

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which has been approved by the shareholders' meeting held on May 9, 2025, detailing the cash dividend distribution to shareholders [1][2]. Summary by Sections Profit Distribution Plan - The profit distribution plan involves a cash dividend of 3.00 RMB per 10 shares for all shareholders, with specific tax considerations for different types of investors [2][3]. - The total number of shares eligible for profit distribution is 1,254,733,168 shares [2]. Key Dates - The record date for the profit distribution is set for May 19, 2025, and the ex-dividend date is May 20, 2025 [2][3]. Distribution Method - Cash dividends will be directly credited to shareholders' accounts through their securities companies on the ex-dividend date [3]. - The company will handle the distribution for specific types of shares, including restricted shares [3]. Convertible Bond Adjustment - The company will adjust the conversion price of its convertible bonds in accordance with relevant regulations and the terms outlined in the bond issuance prospectus [3]. Consultation Information - The company has provided contact details for its securities affairs department for any inquiries regarding the distribution [4].

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-029 | | --- | --- | --- | | 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 2024 年年度权益分派实施公告 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、 误导性陈述或重大遗漏。 新洋丰农业科技股份有限公司（以下简称"本公司"、"公司"）2024 年年度权益 分派方案已获 2025 年 5 月 9 日召开的 2024 年年度股东会审议通过，现将权益分派事宜 公告如下： 一、股东会审议通过利润分配方案的情况 （一）本公司 2024 年年度权益分派方案已经 2025 年 5 月 9 日召开的 2024 年年度 股东会审议通过。 （二）本次实施的权益分派方案与股东会审议通过的权益分派方案一致。若董事会 及股东会审议利润分配方案后可参与利润分配的股本发生变动，则以实施利润分配方案 的股权登记日可参与利润分配的总股本，按照分配比例不变的原则对分配总额进行调 整。 （三）自分配方案披露至实施期间公司总股本未发生变化。 （四）本次实施分配方案时间未超过 2024 ...