四川国光农化股份有限公司 独立董事 2024 年度述职报告 四川国光农化股份有限公司 二、年度履职概况 （一）出席董事会及股东大会情况 报告期公司共召开了 10 次董事会会议，我作为独立董事全部按时出席了会议。 每次董事会会议前，我会对收到的会议资料进行认真研读，为会议审议做好充分准 备。在会议中，我认真参与各项议案的讨论，秉持独立、客观、公正的原则，从专 业角度出发，提出自己的见解和建议，并以谨慎的态度行使表决权，对董事会审议 的所有议案均投了赞成票。我出席 4 次股东大会，并在年度股东大会上作了述职报 告。出席董事会会议的次数及方式如下： | 独立董 | 应出席董 | 实际出席次数 | | | 缺席 | | --- | --- | --- | --- | --- | --- | | 事姓名 | 事会次数 | 出席现场会议次数 | 通讯表决次数 | 委托出席次数 | 次数 | | 毕超 | 10 | 2 | 8 | 0 | 0 | 独立董事 2024 年度述职报告 本人作为四川国光农化股份有限公司（以下简称"公司"）独立董事，根据《公 司法》、证监会《上市公司独立董事管理办法》等法律法规、部门规章、深圳证券 ...

四川国光农化股份有限公司 独立董事 2024 年度述职报告 四川国光农化股份有限公司 独立董事 2024 年度述职报告 本人作为四川国光农化股份有限公司（以下简称"公司"）第六届董事会独立 董事于 2024 年 12 月 25 日开始履职，根据《公司法》、证监会《上市公司独立董事 管理办法》等法律法规、部门规章、深圳证券交易所《上市公司自律监管指引第 1 号—主板上市公司规范运作》的规定以及公司《章程》《独立董事工作制度》、董 事会专门委员会议事规则等要求，坚持独立、忠实、勤勉地履行职责，积极出席相 关会议，认真审议各项议案，在董事会中发挥参与决策、监督制衡、专业咨询作用， 维护公司整体利益，保护中小股东合法权益。现就本人 2024 年度履职情况报告如下： 一、个人基本情况 刘云平，1969 年 4 月出生,中国国籍,无境外永久居留权,在职研究生学历。曾任 四川万迪税务师事务所有限公司董事长兼总经理、北京中迪投资股份有限公司独立 董事、宜宾翠屏农村商业银行股份有限公司独立董事、四川江安农村商业银行股份 有限公司外部监事,2015 年 12 月至 2021 年 12 月任本公司第三届董事会董事、第四 届董事会独 ...

基础化工行业 行业研究 | 行业周报 硫磺-硫酸继续上涨，关注具有长期逻辑的 涨价品种 核心观点 原油相关信息： ⚫ 原油及相关库存：2025 年 3 月 7 日美国原油商业库存 4.352 亿桶，周增加 140 万 桶；汽油库存 2.411 亿桶，周减少 570 万桶；馏分油库存 1.176 亿桶，周减少 160 万桶；丙烷库存 0.45259 亿桶，周减少 339.5 万桶。美国原油产量及钻机数：2025 年 3 月 7 日美国原油产量为 1357.5 万桶/天，周度增加 6.7 万桶/天，较一年前增加 47.5 万桶/天。2025 年 3 月 14 日美国钻机数 592 台，周度不变，年减少 37 台；加 拿大钻机数 199 台，周减少 35 台，年度减少 8 台。其中美国采油钻机 487 台，周度 增加 1 台，年减少 23 台。 价格变化： 价差变化： 投资建议与投资标的 风险提示 ⚫ 项目进展不及预期；需求不及预期；海外销售不及预期；原材料价格大幅波动。 国家/地区 中国 行业 基础化工行业 报告发布日期 2025 年 03 月 17 日 看好（维持） | 倪吉 | 021-63325888*75 ...

2025 年 03 月 16 日 行业研究 评级：推荐(维持) 研究所： 证券分析师： 李永磊 S0350521080004 liyl03@ghzq.com.cn 证券分析师： 董伯骏 S0350521080009 dongbj@ghzq.com.cn 联系人 ： 仲逸涵 S0350123070022 zhongyh@ghzq.com.cn [Table_Title] 欧美 MDI 厂商发布涨价函，关注铬盐在军工领 域的应用 ——基础化工行业周报 最近一年走势 | 行业相对表现 | | | 2025/03/14 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 基础化工 | 4.1% | 0.5% | 9.7% | | 沪深 300 | 1.7% | 1.9% | 12.5% | 相关报告 《基础化工行业周报：振华股份铬盐价格上涨，中 策橡胶 IPO 过会（推荐）*基础化工*李永磊，董伯 骏》——2025-02-16 《基础化工行业周报：轮胎原材料价格指数走低， 赛轮轮胎拟扩建柬埔寨工厂（推荐）*基础化工*李 永磊，董伯骏》——2025-01-12 《基 ...

1.预留授予日：2025年1月10日 2.预留授予的限制性股票上市日：2025年3月7日 证券代码：002749 证券简称：国光股份 公告编号：2025-014 号 四川国光农化股份有限公司 关于 2024 年限制性股票激励计划预留授予登记完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 3.预留授予登记人数：45人 4.预留授予登记数量：47.28万股 5.预留授予价格：4.89元/股 6.股票来源：公司向激励对象定向发行公司A股普通股股票 根据中国证监会《上市公司股权激励管理办法》、深圳证券交易所、中国证 券登记结算有限责任公司深圳分公司有关规则的规定，四川国光农化股份有限公 司（以下简称"公司"）完成了2024年限制性股票激励计划（以下简称"本激励 计划"）的预留授予登记工作，具体情况公告如下： 一、本激励计划已履行的相关审批程序 （一）2024 年 1 月 8 日，公司第五届董事会第十八次（临时）会议审议通 过了《关于公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关 于公司<2024 年限制性股票激励计划实施 ...

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the agrochemical sector, including Wanhu Chemical, Baofeng Energy, Yanhai Co., and others, while some companies like SRF and Junzheng Group are rated as "Neutral" [1]. Core Insights - Stimulus policies in both China and India are expected to benefit agricultural development, with China focusing on enhancing the supply of important agricultural products and India increasing its agricultural budget [4][24]. - Fertilizer prices in China have been rising, with significant increases noted for urea, monoammonium phosphate (MAP), potassium chloride (MOP), and compound fertilizers [5][10][11][12]. - India's horticultural crop output is projected to reach a record high of 362.09 million tons in the 2024-2025 crop year, surpassing food crop production [28]. Summary by Sections 1. China Agrochemical Sector - The 2025 Central No. 1 Document emphasizes enhancing grain supply security and promoting rural revitalization [4]. - Recent price increases for major fertilizers in China include urea at 1,844.65 yuan/ton, MAP at 3,250 yuan/ton, MOP at 3,308.33 yuan/ton, and compound fertilizers at 3,000 yuan/ton [5][10][11][12]. 2. India Agrochemical Sector - The Indian government has increased the agricultural budget for 2025-2026 to 1.27 trillion rupees, up from 1.22 trillion rupees, aiming to launch new initiatives for long-term agricultural benefits [24][41]. - The output of economic crops in India is expected to reach a record 362.09 million tons, with significant growth anticipated in the production of tomatoes, onions, and potatoes [28]. 3. Technological Advancements - AI is being utilized in agriculture for soil testing, precision irrigation, and crop yield estimation, enhancing agricultural productivity [6][21][23]. - The Indian government plans to digitize crop surveys by 2025-2026, improving data accuracy and farmer support [33].

| 专利号 | 专利名称 | 申请日期 | 专利 | 期限 | 证书号 | 授权公告号 | | --- | --- | --- | --- | --- | --- | --- | | ZL202211647053.3 | 一种抑制罗汉松果生 长并保护枝叶的组合 | 2022年12月21日 | 20 | 年 | 第7761111号 | CN116076523B | | | 物及应用 | | | | | | 上述专利的取得有效地保护了发明创造成果，有利于加强公司的知识产权保护， 有利于提高公司技术创新能力及产品竞争力。但专利转化尚需一定时间，不会对公 司 2025 年的经营业绩产生重大影响。 证券代码：002749 证券简称：国光股份 公告编号：2025-013号 四川国光农化股份有限公司 关于获得发明专利证书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 近日，四川国光农化股份有限公司（以下简称"公司"）的子公司四川国光园 林科技股份有限公司（以下简称"国光园林"）收到国家知识产权局颁发的《发明 专利证书》，专利权人为国光园林，具体情况如下： 特此公告。 ...

Group 1: Company Overview - The company has over 40 years of experience in plant growth regulators, making it a leader in the industry with the most registered products in China [2] - Revenue increased from CNY 600 million at the time of listing to CNY 1.86 billion in 2023, with a compound annual growth rate (CAGR) of 15.1% [2] - Net profit rose from CNY 110 million to CNY 290 million over the same period, with a CAGR of 10.7% [2] Group 2: Shareholder Returns - The company has distributed dividends 13 times, totaling CNY 1.455 billion, which accounts for 64.67% of the net profit attributable to shareholders [2] - The company has raised funds twice, amounting to CNY 723.8 million, resulting in a payout ratio of 200.984% [2] Group 3: Market Insights - The total market size for plant growth regulators is estimated at CNY 63 billion [3] - The growth rate of plant growth regulators is faster than other pesticides due to the relatively short application period in China and the presence of untapped markets [3] Group 4: Competitive Advantages - The company holds 22.5% of the 632 registered plant growth regulator certificates among 33 companies with more than 10 certificates [3] - Key competitive advantages include early market entry, a diverse product line, extensive distribution channels, strong technical service capabilities, and high user loyalty [3] Group 5: Workforce Development - The company plans to recruit 300 graduates from agricultural colleges in 2025 to meet the growing demand for technical service personnel [5] - Increased recruitment efforts are aimed at enhancing the professional capabilities of marketing personnel to support product sales through direct promotion [4]

Investment Rating - The report maintains a "Recommended" rating for Guoguang Co., Ltd. (002749.SZ) with a current price of 13.31 yuan [4]. Core Viewpoints - The central government's focus on food security and the introduction of "new agricultural productivity" in the 2025 Central Document highlights the importance of increasing agricultural yield [2][3]. - Guoguang Co., Ltd. is positioned as a leading enterprise in plant growth regulators, with significant growth potential in the large-scale crop market, driven by its comprehensive crop management solutions [3][4]. - The company is expected to achieve a net profit attributable to shareholders of 374 million yuan, 465 million yuan, and 578 million yuan for the years 2024, 2025, and 2026 respectively, with corresponding PE ratios of 17x, 13x, and 11x [3][4]. Summary by Relevant Sections Company Overview - Guoguang Co., Ltd. is actively expanding its presence in the large-scale crop market, leveraging its expertise in plant growth regulators and comprehensive crop management solutions [3]. Financial Forecast - The projected revenue for Guoguang Co., Ltd. is expected to grow from 2,254 million yuan in 2024 to 3,280 million yuan in 2026, reflecting a growth rate of 21.2% and 20.5% respectively [7][8]. - The net profit attributable to shareholders is forecasted to increase significantly, with a growth rate of 23.8% in 2024 and 24.3% in the following years [7][8]. Market Position - The report emphasizes the company's strong position in the plant growth regulator sector and its potential to benefit from the government's agricultural policies aimed at enhancing productivity [2][3].

Investment Rating - The report maintains a "Recommended" rating for Guoguang Co., Ltd. (002749.SZ) with a current price of 13.31 CNY [4]. Core Views - The central document emphasizes food security and introduces the concept of "new agricultural productivity," highlighting the importance of increasing agricultural yield [2][3]. - Guoguang Co., Ltd. is positioned as a leading enterprise in plant growth regulators, actively expanding its market in large-scale crop solutions, which is expected to drive significant revenue growth [3]. Summary by Sections Investment Outlook - Guoguang Co., Ltd. is expected to achieve net profits of 374 million CNY, 465 million CNY, and 578 million CNY for the years 2024, 2025, and 2026 respectively, with corresponding PE ratios of 17x, 13x, and 11x [3][7]. Financial Projections - The company’s total revenue is projected to grow from 1,860 million CNY in 2023 to 3,280 million CNY in 2026, reflecting a compound annual growth rate (CAGR) of approximately 20.5% [7][8]. - The net profit margin is expected to improve, with net profit growth rates of 165.9%, 23.8%, 24.3%, and 24.3% for the years 2023 to 2026 [7][8]. Market Position - The report highlights the company's comprehensive crop management solutions, which have been successfully implemented over approximately 700,000 acres in 2024, indicating a strong market presence and growth potential in the agricultural sector [3][6].