Group 1 - The company received a notification from its controlling shareholder, Ms. Gao Ying, regarding the extension of share pledges [1] - As of the date of the announcement, the controlling shareholder and its concerted parties have pledged a certain number of shares, with details provided in the announcement [1] - The pledged shares do not involve any performance compensation obligations and will not lead to a change in the actual control of the company [2] Group 2 - The company assures that the share pledge actions will not adversely affect its production, operation, or corporate governance [2] - The company will continue to monitor the pledge situation and related risks, ensuring timely disclosure of relevant information as required [2] - Backup documents include details from the China Securities Depository and Clearing Corporation and other documents required by the Shenzhen Stock Exchange [2]

证券代码：002588 证券简称：史丹利 公告编号：2026-002 史丹利农业集团股份有限公司 关于控股股东股份质押延期购回的公告 本公司及董事会全体成员保证公告的内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 史丹利农业集团股份有限公司（以下简称"公司"）于近日收到公司控股股东 之一高英女士关于股份质押延期购回事宜的告知函，具体如下： 一、股东股份延期质押的基本情况 | 股东 | | 是否为控 股股东或 第一大股 | 本次质押 数量（股） | 占其所 持股份 | 占公 司总 | 是否 为限 | 是否 为补 | 质押起 | 质押到 | 延期后 | 质押到 | 质权人 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | | | | 股本 | | 充质 | 始日 | 期日 | | | | 用途 | | | | 东及其一 | | 比例 | 比例 | 售股 | 押 | | | | 期日 | | | | | | 致行动人 | | | | | | | | ...

Group 1 - The agricultural chemical sector increased by 3.25% on January 19, with Lier Chemical leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the agricultural chemical sector showed significant price increases, with Lier Chemical rising by 10.01% to a closing price of 16.38 [1] Group 2 - The agricultural chemical sector saw a net inflow of 639 million yuan from institutional investors, while retail investors experienced a net outflow of 370 million yuan [2] - Major stocks like Baiao Chemical and Hualu Hengsheng attracted substantial institutional investment, with net inflows of 160 million yuan and 154 million yuan, respectively [3] - Lier Chemical had a notable institutional net inflow of 117 million yuan, despite a significant outflow from retail investors [3]

Core Viewpoint - The company has completed the main construction of its 50,000 tons/year iron phosphate project at the Suizhi base, but has not yet commenced production due to the current market conditions for iron phosphate [1] Group 1 - The main engineering of the 50,000 tons/year iron phosphate project has been completed [1] - The company is monitoring the changes in the iron phosphate market and will advance capacity release at an appropriate time [1]

Group 1 - The core viewpoint of the article is that the company has completed the main construction of its 50,000 tons/year phosphoric iron project at the Songzi base, but has not yet commenced production due to the current market conditions for phosphoric iron [1] - The company will continue to monitor changes in the phosphoric iron market and will advance capacity release at an appropriate time [1]

Group 1 - The company Stanley Agricultural Group Co., Ltd. has announced a guarantee for its subsidiaries, with a total expected guarantee amount not exceeding RMB 760 million for the year 2025 [2] - The company plans to provide a guarantee of up to RMB 300 million for its wholly-owned subsidiary Shandong Huafeng Fertilizer Co., Ltd. and up to RMB 460 million for its controlling subsidiary Songzi Stanley Yihua New Materials Technology Co., Ltd. [2] - The guarantees will be valid for 12 months from the date of approval by the shareholders' meeting and will be provided in the form of joint liability guarantees [2] Group 2 - The company has signed guarantee contracts with China Industrial and Commercial Bank and China Merchants Bank, with the guarantee amount for Songzi Stanley Yihua New Materials Technology Co., Ltd. being RMB 41.075 million [3] - The guarantee for Shandong Huafeng Fertilizer Co., Ltd. has a maximum limit of RMB 100 million, covering principal and related fees [6] - The total external guarantee balance of the company and its subsidiaries is RMB 1.4101665 billion, accounting for 20.67% of the latest audited net assets [6]

证券代码：002588 证券简称：史丹利 公告编号：2026-001 史丹利农业集团股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证公告的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、对外担保概述 史丹利农业集团股份有限公司（以下简称"公司"或"保证人"）分别于 2025 年 4 月 17 日和 2025 年 5 月 13 日召开的第六届董事会第十三次会议、2024 年度 股东会审议通过了《关于公司 2025 年度对外担保额度预计的议案》，公司预计 2025 年度对外提供担保额度不超过人民币 7.60 亿元，其中，对最近一期资产负 债率未超过 70%的全资子公司山东华丰化肥有限公司（以下简称"华丰化肥"） 提供担保额度预计不超过人民币 3.00 亿元，对最近一期资产负债率未超过 70% 的控股子公司松滋史丹利宜化新材料科技有限公司（以下简称"松滋新材料"） 提供担保额度预计不超过人民币 4.60 亿元，松滋新材料其他股东按出资比例对 其提供同等担保，松滋新材料对该担保提供反担保。上述担保额度在任一时点的 担保余额不得超过股东会审议通过的担保额度，担保方式为连带责任保 ...

Group 1 - The seed industry sector experienced a short-term surge, with TianKang Biological rising over 7% [1] - Other companies such as QiuLe Seed Industry, Dunhuang Seed Industry, DaBeiNong, and Stanley also saw increases in their stock prices [1]

Core Viewpoint - Stanley Agricultural Group Co., Ltd. is engaged in the research, production, and sales of compound fertilizers and new fertilizers, with a market capitalization of 11.369 billion yuan as of December 30, showing a stock price increase of 1.02% to 9.87 yuan per share [1] Group 1: Company Overview - Stanley Agricultural Group was established on July 15, 1998, and listed on June 10, 2011 [1] - The company's main business segments include the production and sales of compound fertilizers (50.51%), new fertilizers and phosphate fertilizers (26.01%), sulfur-based compound fertilizers (20.29%), and other services (3.19%) [1] Group 2: Shareholder Information - The top circulating shareholder of Stanley is a fund under GF Fund Management, specifically the GF Steady Growth Mixed A fund, which reduced its holdings by 9.038 million shares in the third quarter, now holding 18.9696 million shares, representing 2.21% of circulating shares [2] - The GF Steady Growth Mixed A fund has a total scale of 10.166 billion yuan and has achieved a year-to-date return of 13.1% [2] Group 3: Fund Manager Performance - The fund manager of GF Steady Growth Mixed A, Fu Youxing, has a tenure of 12 years and 332 days, with a best fund return of 167.99% during his management [3] - The other fund manager, Zhou Zhishuo, has a tenure of 5 years and 105 days, with a best fund return of 47.06% [3] Group 4: Fund Holdings - Another fund under GF Fund Management, GF Ju Bao Mixed A, holds 296,800 shares of Stanley, accounting for 1.52% of the fund's net value, ranking as the fifth-largest holding [4] - GF Ju Bao Mixed A has a total scale of 87.9884 million yuan and has achieved a year-to-date return of 7.11% [4]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report indicates that the compound fertilizer industry is experiencing a favorable supply-demand dynamic, with expectations for leading companies to see volume and profit recovery, as well as increased dividends [5][7][28] - The compound fertilizer market is transitioning towards new types of fertilizers that are more efficient, specialized, functional, and precise, driven by changes in agricultural practices and consumer demand [28] Summary by Sections 1. Demand Side - The consumption of compound fertilizers has a strong necessity attribute, with the compound fertilizer application rate in China expected to continue rising. From 2000 to 2023, the application of compound fertilizers increased from 9.18 million tons to 24.01 million tons, with a CAGR of 4.3%, while the overall fertilizer application rate reached 47.8% in 2023 [20][24][22] 2. Supply Side - The compound fertilizer industry operates on a sales-based production model, with a low operating rate. As of November 2025, the domestic compound fertilizer capacity was 134.14 million tons, with an annualized operating rate of 38.8% [27][39][36] - The industry is characterized by a seasonal demand pattern, with production concentrated in resource-rich areas or sales locations, leading to a fragmented capacity distribution [28][39] 3. Price Review and Competitive Landscape - The pricing of compound fertilizers is primarily based on a cost-plus model, with raw material costs accounting for over 80% of total costs. The report notes that fluctuations in raw material prices significantly impact the profitability of compound fertilizers [43][42] - Leading companies are enhancing their competitive advantages through comprehensive strategies involving cost management, product development, branding, and distribution channels [6][7][28] 4. Company Analysis - Key players in the compound fertilizer industry include New Yangfeng, Yuntu Holdings, and Stanley, all of which have demonstrated significant advantages in terms of production capacity and integrated supply chains [6][7][28] - New Yangfeng has a production capacity of 7.98 million tons of compound fertilizers and has maintained a leading position in sales volume for several years [6][7] - Yuntu Holdings focuses on developing a nitrogen-phosphorus fertilizer industry chain and has a production capacity of 7.45 million tons [6][7] - Stanley employs a comprehensive business model that integrates branding, channels, products, and services, with a production capacity of 5.90 million tons [6][7]