Market Overview - The agricultural chemical sector experienced a decline of 1.98% on September 18, with LuHua Technology leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the agricultural chemical sector included: - BaiAo Chemical (603360) with a closing price of 25.43, up 2.21% on a trading volume of 251,300 shares and a turnover of 644 million yuan [1] - Jinzhengda (002470) closed at 1.93, up 1.58% with a trading volume of 1,711,800 shares and a turnover of 333 million yuan [1] - Major decliners included: - LuHua Technology (600691) which fell by 5.16% to a closing price of 2.94, with a trading volume of 1,250,400 shares and a turnover of 376 million yuan [2] - Dongfang Tower (002545) decreased by 4.94% to 13.29, with a trading volume of 502,100 shares and a turnover of 673 million yuan [2] Capital Flow - The agricultural chemical sector saw a net outflow of 962 million yuan from institutional investors, while retail investors contributed a net inflow of 539 million yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - BaTian Co. (002170) had a net inflow of 47.74 million yuan from institutional investors, representing 12.90% of its trading volume [3] - New安股份 (600596) experienced a net inflow of 16.36 million yuan from institutional investors, accounting for 5.54% of its trading volume [3] - In contrast, 富邦科技 (300387) saw a net outflow of 15.66 million yuan from retail investors, indicating a potential shift in investor sentiment [3]

Core Viewpoint - The company, Batian Co., announced the appointment of senior management personnel during the first meeting of the ninth board of directors, indicating a stable leadership structure moving forward [2]. Group 1: Management Appointments - Huang Peizhao has been reappointed as the company's President [2]. - Wu Yihui has been reappointed as the Executive Vice President [2]. - Lin Weisheng, Huang Deming, Zheng Yu, and Hua Jianqing have all been appointed as Vice Presidents [2]. - Zheng Yu has also been reappointed as the Secretary of the Board [2]. - Hu Maoling has been reappointed as the Financial Responsible Person [2].

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by over 15% in the next six months [5]. Core Views - The company's significant performance improvement in the first half of 2025 is attributed to high phosphate rock prices and increased production capacity from the Xiaogaozai phosphate mine, leading to a 455.79% year-on-year increase in phosphate segment revenue [2][4]. - The company is enhancing its competitive edge through an integrated layout in the phosphate chemical industry, with the Xiaogaozai phosphate mine entering production and achieving a resource volume of 63.92 million tons [9]. - The company is focusing on innovation in its compound fertilizer products, which are expected to contribute to stable performance [10]. Financial Performance Summary - In the first half of 2025, the company reported revenue of 2.543 billion, a year-on-year increase of 63.93%, and a net profit of 456 million, up 203.71% year-on-year [1][2]. - The overall gross margin for the first half of 2025 was 34.86%, an increase of 10.94 percentage points compared to the same period in 2024 [2]. - The company’s net cash flow from operating activities increased by 224.05% year-on-year, reaching 754 million [3]. Revenue and Profit Forecast - The company is projected to achieve revenues of 4.799 billion, 5.602 billion, and 6.063 billion for the years 2025, 2026, and 2027, respectively, with corresponding net profits of 1.111 billion, 1.369 billion, and 1.423 billion [11]. - The expected EPS for 2025, 2026, and 2027 are 1.15, 1.42, and 1.47, respectively, with P/E ratios of 9.3, 7.6, and 7.3 [11]. Market Position and Competitive Advantage - The company benefits from high phosphate rock prices, with market averages for phosphate rock remaining elevated, supporting revenue growth [4]. - The company has made significant advancements in its mining operations, achieving a 40% increase in mining efficiency and a 100% utilization rate of tailings [9].

证券代码:002170 证券简称:芭田股份 公告编号:25-76 关于聘任高级管理人员的公告 深圳市芭田生态工程股份有限公司 关于聘任高级管理人员的公告 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。 深圳市芭田生态工程股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日召 开第九届董事会第一次会议，审议通过了《关于聘任公司高级管理人员的议案》，具 体情况如下： 公司董事会同意聘任黄培钊先生（连任）为公司总裁，同意聘任吴益辉先生（连 任）为公司常务副总裁，同意聘任林维声先生为公司副总裁，同意聘任黄德明先生（连 任）为公司副总裁，同意聘任郑宇先生为公司副总裁，同意聘任华建青先生（连任） 为公司副总裁，同意聘任冯军强先生（连任）为公司副总裁，同意聘任郑宇先生（连 任）为公司董事会秘书，同意聘任胡茂灵先生（连任）为公司财务负责人。上述人员 （简历见附件）任期三年，自本次会议通过之日起至本届董事会任期届满之日止。 上述人员具备与其行使职权相适应的任职条件，任职资格和聘任程序符合相关法 律法规、规范性文件及《公司章程》的规定，任期自公司第九届董事会第一次会 ...

深圳市芭田生态工程股份有限公司第九届董事会第一次会议决议公告 证券代码:002170 证券简称:芭田股份 公告编号:25-75 深圳市芭田生态工程股份有限公司 第九届董事会第一次会议决议公告 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"）第九届董事会第一次会 议于 2025 年 9 月 17 日（星期三）在公司本部 V1 会议室以现场和通讯方式结合召开。 本次会议的通知已于 2025 年 9 月 15 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 选举黄培钊先生（简历见附件）为公司第九届董事会董事长，任期三年，自本次 会议通过之日起至本届董事会任期届满之日止。 表决结果：赞成 9 票，反对 0 票，弃权 0 票。 （二）审议通过《关于选举公司第九届董事会副董事长的议案》； 选 ...

每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 （记者 曾健辉） 每经AI快讯，芭田股份（SZ 002170，收盘价：10.62元）9月17日晚间发布公告称，公司董事会同意聘 任黄培钊先生为公司总裁，同意聘任吴益辉先生为公司常务副总裁，同意聘任林维声先生为公司副总 裁，同意聘任黄德明先生为公司副总裁，同意聘任郑宇先生为公司副总裁，同意聘任华建青先生为公司 副总裁，同意聘任冯军强先生为公司副总裁，同意聘任郑宇先生为公司董事会秘书，同意聘任胡茂灵先 生为公司财务负责人。 2025年1至6月份，芭田股份的营业收入构成为：化学肥料制造业占比59.65%，磷矿采选占比39.26%， 新能源材料占比1.09%。 截至发稿，芭田股份市值为103亿元。 ...

Core Viewpoint - The report highlights that Batian Co., Ltd. has experienced significant growth in revenue and profit in the first half of 2025, driven by increased sales of phosphate rock and fertilizer products [1] Financial Performance - The company achieved an operating income of 2.543 billion yuan, representing a year-on-year increase of 63.93% [1] - The total profit reached 600 million yuan, marking a year-on-year growth of 237.1% [1] - The net profit attributable to the parent company was 456 million yuan, up 203.71% year-on-year [1] Industry Positioning - Batian Co., Ltd. has established an integrated industrial layout that includes upstream phosphate rock production and downstream high-precision phosphate chemical development, enhancing its competitiveness [1] - The company has developed a value chain for phosphate chemical new energy battery materials, covering phosphate rock, phosphate concentrate, and high-purity phosphoric acid [1] Production Capacity - The Xiaogaozhai phosphate mine is expected to reach an annual production capacity of 2 million tons by October 2024 and has entered the production phase after receiving a safety production license on February 10, 2025 [1] - In the first quarter of this year, the actual production of phosphate rock was approximately 450,000 tons, with production and sales in the second quarter both around 900,000 tons, totaling over 1.13 million tons for the entire year of 2024 [1] - The revenue from the phosphate mining and selection business in the first half of the year was 998 million yuan, reflecting a year-on-year increase of 455.79% [1]

Group 1 - The genetically modified (GM) concept sector declined by 0.79% as of the market close on September 16, ranking among the top declines in concept sectors, with companies like Batian Co., KQ Biotech, and Dunhuang Seed Industry experiencing significant drops [1] - The GM concept sector saw a net outflow of 153 million yuan in main funds today, with 13 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 10 million yuan. The stock with the highest net outflow was Shennong Seed Industry, with a net outflow of 30.19 million yuan [2] - Other companies with notable net outflows included Dunhuang Seed Industry, Nongfa Seed Industry, and Jincheng Pharmaceutical, with net outflows of 23.78 million yuan, 22.76 million yuan, and 21.20 million yuan respectively [2] Group 2 - The top net inflow stocks in the GM concept sector included KQ Biotech and Guotou Fengle, with net inflows of 4.89 million yuan and 0.99 million yuan respectively [3] - The GM concept sector's outflow leaderboard featured Shennong Seed Industry, Dunhuang Seed Industry, Nongfa Seed Industry, and Jincheng Pharmaceutical, all showing negative performance in terms of stock price changes [2][3]

关于完成董事会换届选举的公告 证券代码:002170 证券简称:芭田股份 公告编号:25-74 深圳市芭田生态工程股份有限公司 关于完成董事会换届选举的公告 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。 深圳市芭田生态工程股份有限公司（以下简称"公司"）于 2025 年 9 月 15 日召开 2025 年第三次临时股东大会，选举产生公司第九届董事会 5 名非独立董事、3 名独立 董事，与 2025 年 8 月 28 日召开的职工代表大会选举产生的 1 名职工代表董事共同组 成了公司第九届董事会。 一、公司第九届董事会组成情况 公司第九届董事会由 9 名董事组成，其中非独立董事 6 名，独立董事 3 名，非独 立董事中设职工代表董事 1 名。具体名单如下（简历附后）： 非独立董事：黄培钊先生、林维声先生、黄德明先生、洪湃慧女士、孙立群先生、 穆光远（职工代表董事）； 独立董事：李伟相先生、徐佳先生、吴悦娟女士。 独立董事的任职资格和独立性已经深圳证券交易所审核无异议，上述董事均符合公司 董事的任职资格。 二、部分董事任期届满离任情况 公司董事会换届选举工作已经 ...

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 2025年第三次临时股东大会 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 23/30/31/32 层 二○二五年九月 股东大会法律意见书 深圳市芭田生态工程股份有限公司 2025年第三次临时股东大会 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 态工程股份有限公司（以下简称"公司"）的委 ...