深圳市芭田生态工程股份有限公司监事会关于 2025 年股票期权与限制性股票激励计划相关事项的审核意见 深圳市芭田生态工程股份有限公司 监事会关于 2025 年股票期权与限制性股票 经认真审核，监事会认为：《深圳市芭田生态工程股份有限公司 2025 年股票期权 与限制性股票激励计划（草案）》的内容符合《公司法》《证券法》《上市公司股权 激励管理办法》《深圳证券交易所上市公司自律监管指南第 1 号——业务办理》等有 关法律法规、规范性文件的规定。本次激励计划的实施有利于建立、健全公司长效激 励机制，吸引和留住优秀人才，充分调动公司及子公司任职的董事、高级管理人员、 核心管理人员及核心技术/业务人员的积极性，有效地将股东利益、公司利益和经营者 个人利益结合在一起，使各方共同关注公司的长远发展，不存在损害公司及全体股东 利益的情形。因此，监事会同意实施本次股权激励计划，并提交公司股东大会审议。 二、关于 2025 年股票期权与限制性股票激励计划实施考核管理办法的核查意见 经认真审核，监事会认为：《深圳市芭田生态工程股份有限公司 2025 年股票期权 与限制性股票激励计划实施考核管理办法》能保证本次激励计划的顺利实施， ...

深圳市芭田生态工程股份有限公司第八届董事会第二十次会议决议公告 证券代码:002170 证券简称:芭田股份 公告编号:25-32 深圳市芭田生态工程股份有限公司 第八届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 深圳市芭田生态工程股份有限公司（以下简称"公司"）第八届董事会第二十次 会议于 2025 年 5 月 12 日（星期一）在公司本部 V1 会议室以现场方式和通讯方式结合 召开。本次会议的通知于 2025 年 5 月 7 日以电子邮件、电话、微信等方式送达。本次 会议由董事长黄培钊先生主持，应出席会议的董事 9 名，实际出席会议的董事 9 名， 公司全体监事、高级管理人员列席了会议。本次会议的召开程序符合《公司法》《证 券法》及《公司章程》等有关法律法规的规定。 二、董事会会议审议情况 1 深圳市芭田生态工程股份有限公司第八届董事会第二十次会议决议公告 表决结果：同意票 4 票，反对票 0 票，弃权票 0 票。 董事林维声、冯军强、郑宇、穆光远作为拟激励对象，董事黄培钊作为拟激励对 象林维声姐夫，两 ...

截至5月12日收盘，转基因概念下跌0.77%，位居概念板块跌幅榜前列，板块内，神农种业、荃银高 科、敦煌种业等跌幅居前，股价上涨的有4只，涨幅居前的有芭田股份、新安股份、科前生物等，分别 上涨3.20%、1.95%、1.83%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中船系 | 6.55 | 重组蛋白 | -0.94 | | 成飞概念 | 5.77 | 代糖概念 | -0.82 | | 军工信息化 | 4.28 | 转基因 | -0.77 | | 同花顺果指数 | 4.17 | 创新药 | -0.60 | | 国产航母 | 3.73 | 粮食概念 | -0.60 | | 军民融合 | 3.69 | 玉米 | -0.59 | | 航空发动机 | 3.42 | 大豆 | -0.45 | | 人形机器人 | 3.20 | 农业种植 | -0.31 | | 减速器 | 3.20 | 生物质能发电 | -0.28 | | 军工 | 3.15 | 减肥药 | -0.24 | 资金面上看，今日转基因概念板块获主力 ...

Core Viewpoint - The report highlights the stability of phosphate rock prices at high levels, with orderly production across major domestic production areas and a tight supply of high-grade phosphate rock [2][4]. Group 1: Production and Supply - In 2024, China's phosphate rock production is projected to reach 113.53 million tons, an increase of 8.33 million tons or 7.8% year-on-year, with Hubei, Guizhou, Yunnan, and Sichuan accounting for 40%, 20%, 25%, and 14% of the total production respectively [2][3]. - The import of phosphate rock in 2024 is expected to be 2.07 million tons, an increase of 660,000 tons year-on-year, with an average import price of $93.9 per ton [2][3]. - Domestic production and transportation of phosphate rock are running smoothly, with specific regional conditions noted: Yunnan's rock is primarily for local consumption, Guizhou faces circulation restrictions, Sichuan has stable long-term supply, and Hubei has resumed normal production after a temporary halt [2][3]. Group 2: Price Trends - As of May 9, 2024, the average market prices for domestic phosphate rock of 30%, 28%, and 25% grades are 1,020, 947, and 771 RMB per ton respectively [2][3]. - The prices of downstream products such as monoammonium phosphate (MAP) and diammonium phosphate (DAP) are significantly lower than export prices, indicating a price disparity that may affect domestic market dynamics [3][4]. Group 3: Market Outlook - The report suggests that the increasing barriers to phosphate mining and stricter environmental regulations will limit the supply growth of phosphate rock, maintaining a high level of market stability [4]. - The profitability of integrated fertilizer companies is expected to improve, with cash dividends likely to increase due to favorable market conditions and price support from raw materials like sulfur and sulfuric acid [4].

Investment Rating - The investment rating for the basic chemical industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights that the price of phosphate rock remains stable at a high level, with supply tight for high-grade ores. The production of phosphate rock in China is expected to increase, with a year-on-year growth of 7.8% in 2024, reaching 113.53 million tons [4][10] - The report suggests that the profitability of integrated fertilizer companies is expected to improve due to the high price of phosphate fertilizers and the significant price difference between domestic and international markets [6] Summary by Sections Phosphate Rock Production and Pricing - In 2024, China's phosphate rock production is projected to be 113.53 million tons, an increase of 8.33 million tons year-on-year, with a growth rate of 7.8% [4][10] - The average price of domestic phosphate rock of various grades as of May 9 is 1020, 947, and 771 RMB/ton [5] Fertilizer Market Dynamics - The consumption share of phosphate fertilizers in 2024 is expected to be 60% for monoammonium phosphate, 12% for wet-process phosphoric acid, and 11% for phosphates [5] - The average market price for domestic monoammonium phosphate and diammonium phosphate is 3,140 and 3,715 RMB/ton, respectively, which is lower than the export prices [5] Profitability Outlook - The report anticipates that the profitability of integrated phosphate chemical leading companies will improve, with cash dividends expected to increase due to the high barriers to phosphate mining and stricter environmental regulations [6] - Recommended stocks include Xingfa Group, Yuntianhua, and Chuanheng Co., which have significant phosphate production capacities [6]

北京市盈科（深圳）律师事务所 二○二五年五月 股东大会法律意见书 北京市盈科（深圳）律师事务所 关于 深圳市芭田生态工程股份有限公司 2024年年度股东大会 的 法律意见书 北京市盈科（深圳）律师事务所 深圳市福田区鹏程一路广电金融中心大厦 23/30/31/32 层 关于 深圳市芭田生态工程股份有限公司 2024年年度股东大会 的 法律意见书 致：深圳市芭田生态工程股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会发布的《上市公司股 东会规则》（以下简称"《股东会规则》"）、《深圳证券交易所上市公司股东会网络 投票实施细则（2025 年修订）》（以下简称"《网络投票实施细则》"）、《律师事务 所从事证券法律业务管理办法》（以下简称"《从业办法》"）、《律师事务所证券法 律业务执业规则（试行）》（以下简称"《执业规则》"）等法律、法规和规范性文件 的规定以及《深圳市芭田生态工程股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，北京市盈科（深圳）律师事务所（以下简称"本所"）接受深圳市芭田生 态工程股份有限 ...

2024 年年度股东大会决议公告 证券代码: 002170 证券简称: 芭田股份 公告编号:25-31 深圳市芭田生态工程股份有限公司 二、会议召开的情况： 1、召集人：公司第八届董事会 2、表决方式：现场书面记名投票结合网络投票 3、会议召开时间： 现场会议时间为：2025 年 5 月 8 日（星期四）下午15:00 开始 （1）通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 8 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 2024 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，公告不存在虚 假记载、误导性陈述或重大遗漏。 一、重要提示： 1、本次股东大会无否决、修改、增加提案的情况。 2、本次股东大会不涉及变更前次股东大会决议。 （2）通过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2025 年 5 月 8 日上午 9:15—2025 年 5 月 8 日下午 15:00 时的任意时间。 4、会议召开地点：深圳市南山区高新技术园学府路 63 号联合总部大厦 30 楼会议室。 5、主持人：黄培钊先生 6、 ...

Group 1 - The genetically modified (GM) concept sector declined by 1.12%, ranking among the top declines in concept sectors, with leading decliners including Fengle Seed Industry, Qianyuan High-Tech, and Wanxiang DeNong [1][2] - Among the GM concept stocks, only four experienced price increases, with Ba Tian Co., Qian Qian Bio, and Top Cloud Agriculture rising by 2.16%, 1.92%, and 1.85% respectively [1][2] - The GM concept sector saw a net outflow of 123 million yuan from main funds today, with 11 stocks experiencing net outflows, and six stocks seeing outflows exceeding 10 million yuan [2] Group 2 - The stock with the highest net outflow was Qianyuan High-Tech, with a net outflow of 28.98 million yuan, followed by Fengle Seed Industry, Dabeinong, and Shennong Seed Industry with net outflows of 25.65 million yuan, 22.57 million yuan, and 18.05 million yuan respectively [2][3] - The stocks with the highest net inflows included Top Cloud Agriculture, Longping High-Tech, and Ba Tian Co., with net inflows of 7.65 million yuan, 7.01 million yuan, and 2.32 million yuan respectively [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company, Baitian Co., is a leading domestic producer of nitrate phosphate fertilizers, with a focus on expanding its high-quality phosphate rock capacity and leveraging its integrated phosphate chemical industry layout in Guizhou [8][24] - The supply-demand situation for phosphate rock is expected to remain tight, with a projected compound annual growth rate (CAGR) of 4.85% for new phosphate rock capacity from 2024 to 2028, while demand is anticipated to grow at a CAGR of 5.46% during the same period [9][60] - The company is expected to achieve significant revenue growth, with projected revenues of 5.3 billion, 6.4 billion, and 7.3 billion yuan for 2025, 2026, and 2027 respectively, and corresponding net profits of 1.22 billion, 1.64 billion, and 2.05 billion yuan [9][16] Summary by Sections Company Overview - Baitian Co. is recognized as a leading nitrate phosphate fertilizer producer in China, with a strong market position and competitive advantages in technology, brand, and market share [8][21] - The company has a phosphate rock resource reserve of approximately 63.92 million tons with an average grade of 26.74%, and plans to expand its phosphate rock production capacity from 200,000 tons per year to 290,000 tons per year [8][11] Supply and Demand Analysis - The supply side is characterized by a slow expansion of capacity and a tight supply of high-grade phosphate rock resources, while the demand side is driven by the rigid demand for fertilizers and the growing need for phosphate in the new energy sector [9][60] - The company is well-positioned to benefit from the increasing demand for phosphate rock, particularly in the context of food security and the rapid development of new energy vehicles [9][60] Financial Performance and Forecast - The company has shown a consistent upward trend in revenue and net profit from 2017 to 2024, with a notable increase in phosphate rock production and sales contributing to this growth [28][32] - The projected financial performance indicates a significant increase in both revenue and net profit over the next few years, with a strong focus on expanding phosphate rock production and enhancing operational efficiency [9][16][28]

Group 1: Production Capacity and Regulations - The company currently produces approximately 10,000 tons of phosphate rock daily, which translates to an annualized production of over 3 million tons. However, the safety production license permits an annual output of only 2 million tons, limiting monthly production to 20% of the annual capacity [1] - The safety production license restricts the annual mining volume to 2 million tons, which is a regulatory compliance measure [1] Group 2: Future Growth and Strategic Focus - The company is an integrated phosphate chemical enterprise, focusing on upstream phosphate rock mining and downstream production of phosphate fertilizers, new compound fertilizers, and new energy materials [2] - With the recent acquisition of a safety production license for the Xiaogaozai phosphate mine, the company anticipates an increase in phosphate rock production capacity, which is expected to enhance profitability [2]