新洋丰农业科技股份有限公司 第九届董事会第十三次会议决议公告 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 | 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-039 | | --- | --- | --- | | 债券代码：127031 | 债券简称：洋丰转债 | | 本议案尚需提交公司 2025 年第二次临时股东会审议通过。 新洋丰农业科技股份有限公司（以下简称"公司"）第九届董事会第十三次会议通 知于 2025 年 7 月 7 日以书面和电子邮件方式发出，会议于 2025 年 7 月 11 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，副董事长杨华锋先生，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《 ...

Investment Rating - The report maintains a "Buy" rating for several companies including Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, and others [10]. Core Viewpoints - The report suggests focusing on import substitution, pure domestic demand, and high dividend opportunities in the chemical industry [6][20]. - The international oil price is expected to stabilize between $65 and $70 per barrel in 2025, influenced by geopolitical factors and trade agreements [6][21]. - The chemical industry is currently experiencing a mixed performance, with some sectors like lubricants showing better-than-expected results, while others remain weak due to overcapacity and weak demand [20][21]. Summary by Sections Chemical Industry Investment Suggestions - Key products with significant price increases include butanone (up 13.55%), urea (up 13.16%), and TDI (up 6.73%) [17]. - Products with notable price declines include methanol (down 9.84%), PS (down 9.62%), and pure MDI (down 8.89%) [17][20]. - The report emphasizes the importance of focusing on sectors like glyphosate, fertilizers, and companies with strong domestic demand [20][21]. Market Performance - The basic chemical sector has shown a performance of 20.4% over the past 12 months, outperforming the Shanghai Composite Index [2]. - The report highlights the volatility in international oil prices, with Brent crude at $68.30 per barrel and WTI at $66.50 per barrel as of July 4 [6][21]. Company Focus and Earnings Forecast - Specific companies recommended for investment include Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, and others, with projected earnings per share (EPS) growth and favorable price-to-earnings (PE) ratios [10]. - The report suggests that companies like China National Petroleum and China National Offshore Oil Corporation are attractive due to their high dividend yields [6][20].

Core Viewpoint - The company, Xin Yang Feng, emphasizes the importance of international cooperation and technological innovation in transforming from a traditional fertilizer manufacturer to a leader in both phosphate fertilizers and new energy materials, contributing to sustainable agricultural development and food security [1][2][8]. Group 1: International Cooperation - Xin Yang Feng has established strategic partnerships with international fertilizer giants, such as Germany's Compo Expert and the U.S. company Brandt, to enhance product offerings and technological capabilities [2][3]. - The collaboration with Compo Expert has led to the introduction of DMPP stabilized fertilizers in China, while the partnership with Brandt has resulted in the launch of the "Weibolang" specialty fertilizer series, which has shown significant improvements in crop quality and yield [2][5]. - The company is also working with Israel's chemical group to advance its international strategy, focusing on product, technology, and promotion [3]. Group 2: Research and Development - Xin Yang Feng has developed a comprehensive innovation system that integrates basic research and results transformation, significantly contributing to national food security [4]. - The collaboration with China Agricultural University has resulted in the development of specialized fertilizers, achieving an average yield increase of 8.6% across various crops [4]. - The company has also partnered with the National Agricultural Technology Promotion Service Center to promote new fertilizer technologies, leading to an average yield increase of 8% to 10% for field crops [4]. Group 3: Technological Advancements - Since 2016, Xin Yang Feng has focused on digital transformation and automation in production, implementing numerous projects to enhance efficiency and reduce energy consumption [6][7]. - The company is collaborating with leading agricultural technology firms to develop a smart agriculture platform, which has already shown promising results in wheat production [7]. Group 4: Green Industry Layout - Xin Yang Feng has recognized the opportunities in the new energy revolution and is transitioning from traditional phosphate fertilizers to new energy materials and fine chemicals [8][9]. - The partnerships with companies like Changzhou Lithium Source and GreeenMei have enabled Xin Yang Feng to establish a strong industrial chain in lithium iron phosphate materials, enhancing its market position [8][9]. - This strategic shift not only opens a new growth avenue for the company but also supports its green and sustainable development goals [9].

Group 1 - The company issued 10 million convertible bonds with a total value of 1 billion yuan, which began trading on April 23, 2021 [1] - The initial conversion price of the bonds was set at 20.13 yuan per share, which was later adjusted to 19.94 yuan per share on October 8, 2021 [2] - The conversion price was further adjusted to 17.76 yuan per share on December 21, 2021, following a board resolution [2] Group 2 - The conversion price was adjusted to 17.57 yuan per share on May 17, 2022, after the annual profit distribution [3] - The conversion price was adjusted again to 17.38 yuan per share on May 21, 2023, following the 2023 annual profit distribution [4] - The conversion price will be adjusted to 17.69 yuan per share effective January 3, 2024, after the cancellation of repurchased shares [4] Group 3 - As of June 30, 2025, there are 9,999,302 convertible bonds remaining, with a total remaining value of 999,930,200 yuan [4] - The total share capital increased by 157 shares due to the conversion of bonds, resulting in a total share capital of 1,254,733,325 shares [6] - The company plans to distribute 3.00 yuan per 10 shares to shareholders for the 2024 annual profit distribution [4]

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-038 | | --- | --- | --- | | 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 2025 年第二季度可转换公司债券转股情况公告 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。 特别提示： | 1.股票代码：000902 | 股票简称：新洋丰 | | --- | --- | | 2.债券代码：127031 | 债券简称：洋丰转债 | 根据《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司自律监管指引 第15号——可转换公司债券》等有关规定，新洋丰农业科技股份有限公司（以下简称"公 司"）现将2025年第二季度可转换公司债券（以下简称"可转债"）转股及公司股份变 动情况公告如下： 一、可转债发行上市概况 5月23日（除权除息日）起生效。 公司于2023年11月28日召开第八届董事会第三十次会议、第八届监事会第二十四次 会议，于2023年12月22日召开2023年第三次临时股东大会，审议通过了《关于注销回购 专用证券账户股份的议案 ...

Group 1 - Hubei Province's direct financing has maintained a high level of around 800 billion yuan for three consecutive years, with nearly 80% of listed companies achieving profitability [1][2] - As of June 30, 2025, Hubei has 191 listed companies, ranking 10th nationally, with 153 domestic and 38 overseas listings [2][3] - The province has a reserve of 1,355 "gold and silver seed" enterprises to support more quality companies to go public [1][4] Group 2 - In Q1 2025, over 70% of Hubei's listed companies were profitable, with notable companies like Jiuzhoutong, CITIC Special Steel, and Wentai Technology reporting revenues exceeding 10 billion yuan [3] - The top ten companies by revenue in Hubei all exceeded 4 billion yuan, indicating strong performance in the region [3] - Hubei has implemented a comprehensive service system for companies to enter the multi-level capital market, aiming to enhance the quality of enterprises [4] Group 3 - Hubei's capital market reforms have led to 20 new listings and approvals annually from 2021 to 2023, with the province ranking 6th nationally for new listings in 2024 [2] - The province aims to achieve five major goals by 2030, including increasing the total number of listed companies and ensuring coverage across all regions [4]

| 证券代码：000902 | 证券简称：新洋丰 | 编号：2025-037 | | --- | --- | --- | | 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 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。 一、 对外投资概述 关于对外投资进展暨完成工商登记的公告 成立日期：2025 年 6 月 30 日 注册资本：贰亿圆整 住 所：安徽省蚌埠市淮上区沫河口镇沫河口工业园淝河北路 30 号院内综合楼 402 室 新洋丰农业科技股份有限公司（以下简称"公司"）分别于 2025 年 6 月 24 日召开 第九届董事会第十二次会议、第九届监事会第十次会议，审议通过了《关于公司对外投 资暨与蚌埠市淮上区人民政府签署淮上区招商引资项目投资协议的议案》，同意公司与 蚌埠市淮上区人民政府签署淮上区招商引资项目投资协议。具体内容详见公司 2025 年 6 月 25 日披露于巨潮资讯网（http://www.cninfo.com.cn）等公司指定信息披露媒体的 《关于公司对外投资暨与蚌埠市淮上区人民政府签署淮上区招商引资项目投 ...

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 发生重大投资行为的 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） 二〇二五年六月 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"新洋丰""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。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断而不应将本报告中的任何内容据以 ...

Group 1 - The Akesu region is focusing on the construction goals of the "Ten Major Industrial Clusters" in the autonomous region, leveraging its resource and location advantages to enhance the industrial chain, supply chain, value chain, innovation chain, and circular chain [1] - Xinjiang Xinyangfeng Agricultural Technology Co., Ltd. is a key enterprise in the region, specializing in the production and sales of water-soluble fertilizers, biological bacterial fertilizers, and compound fertilizers, with a new production line for specialized fertilizers with an annual capacity of 600,000 tons under construction [1][2] - The company has completed the construction and commissioning of a 150,000-ton water-soluble fertilizer production line in just seven months, with plans for additional production lines to be fully operational by October this year [1][2] Group 2 - The project is expected to achieve an annual output value of 1.5 billion yuan and tax revenue of 150 million yuan once fully operational, reflecting the region's efforts to optimize the business environment and attract investment [2] - The water-soluble fertilizer products are scientifically formulated based on crop nutrient needs, featuring rapid solubility, easy absorption, and no residue [2] - The Akesu region has established investment attraction as a top priority, utilizing a diversified investment promotion model to effectively attract significant projects, with 17 investment agreements signed since June, totaling 17.66 billion yuan [2]

Core Viewpoint - New Yangfeng is expanding its national layout by investing 1.15 billion yuan in a new 1 million tons/year specialized fertilizer project in the Huaihe River Basin, enhancing its competitiveness in the region and supporting high-quality agricultural development in the Huang-Huai-Hai Plain [1][2]. Investment Project Details - The project includes the construction of 1 million tons/year specialized fertilizers, comprising 400,000 tons/year of high tower compound fertilizer, 400,000 tons/year of urea-based compound fertilizer, 150,000 tons/year of soil testing formula BB fertilizer, and 50,000 tons/year of high-end water-soluble fertilizer [2]. - The total investment for the project is 1.15 billion yuan, with an expected fixed asset investment of 980 million yuan [2]. Strategic Importance - The project aligns with national industrial restructuring policies and aims to optimize the company's product structure while enhancing its market presence in East China, particularly in Jiangsu, Jiangxi, Zhejiang, and Fujian [2][3]. - The location in Bengbu is strategic due to its transportation advantages and proximity to significant agricultural markets, addressing the long-standing shortage of high-quality specialized fertilizers in the region [3]. Operational Enhancements - New Yangfeng plans to accelerate project construction, aiming to establish an intelligent and green industry benchmark by incorporating advanced production equipment and environmental technologies [4]. - The company is committed to reducing pollution during production and enhancing efficiency through automation and smart management systems [4]. Financial Performance - In 2024, New Yangfeng reported a revenue of 15.563 billion yuan, a year-on-year increase of 3.07%, and a net profit of 1.315 billion yuan, up 8.99% [6]. - In Q1 2025, the company achieved a revenue of 4.668 billion yuan, reflecting a 39.98% year-on-year growth, and a net profit of 515 million yuan, marking a 49.61% increase [6][7]. Market Position - New Yangfeng maintains a leading position in the phosphate and compound fertilizer industry, with its compound fertilizer sales consistently ranking first in the country [1][6]. - The company’s sales volume for compound fertilizers reached 5.4861 million tons in 2024, a year-on-year increase of 8.25%, with new type compound fertilizers driving significant growth [7].