Core Viewpoint - Hubei Fubon Technology Co., Ltd. held a half-year performance briefing on August 26, 2025, discussing business development and strategic layout with investors through an online platform [1][2]. Group 1: Business Development - The agrochemical additive business is performing well, with a focus on "precision, greenness, efficiency, and nutrition" in product strategy, leading to a revenue of 496.41 million yuan in the first half of 2025, a year-on-year increase of 5.62% [3]. - The company has established a digital agriculture industrial park in Sanhe Town, Echeng City, leveraging land transfer and smart agricultural technology [3]. - The modern agriculture business achieved a revenue of 122.37 million yuan in the first half of 2025, reflecting a year-on-year growth of 13.31% [3]. Group 2: Financial Performance - In the first half of 2025, the company reported total revenue of 684.60 million yuan, a year-on-year increase of 6.50%, with domestic revenue of 365.06 million yuan (up 5.10%) and overseas revenue of 319.54 million yuan (up 8.16%) [3]. - The net profit attributable to shareholders was 61.22 million yuan, with net assets increasing by 9.53% to 1.47 billion yuan [3]. Group 3: Strategic Initiatives - The company is focusing on technological innovation in the fields of biological and digital agriculture, with a dual strategy of "biotechnology + digital technology" to drive agricultural modernization [3]. - The company has developed a "soil digital map" and related digital solutions through its subsidiary, Wuhan Soutu Data Technology Co., Ltd., which is in the demonstration application stage domestically [3]. - The company has established a cooperative in the Netherlands to enhance its core competitiveness by utilizing European market resources [3].

Group 1: Business Performance - The company achieved a revenue of 68,459.76 million yuan in the first half of 2025, representing a year-on-year increase of 6.50% [8] - Domestic revenue reached 36,505.79 million yuan, up 5.10%, accounting for 53.32% of total revenue; while overseas revenue was 31,953.97 million yuan, increasing by 8.16%, making up 46.68% of total revenue [8] - The modern agriculture business generated 12,236.98 million yuan in revenue, with a year-on-year growth of 13.31% [6][10] Group 2: Agricultural Business Strategy - The company focuses on the transformation and upgrading of agricultural additives, emphasizing precision, greenness, efficiency, and nutrition [2] - It has been recognized as the "global leader in fertilizer additive sales" by an international consulting firm, with a revenue of 49,641.49 million yuan, reflecting a growth of 5.62% [2] - The company is developing a digital agriculture industry park in Echeng City, integrating economic crop planting, agricultural technology display, and education [3] Group 3: Technological Innovation - The company is committed to technology innovation, focusing on biodegradable and environmentally friendly materials, and has launched products like nitrogen-fixing for gramineous crops and nematode control [3][4] - It has established a comprehensive R&D system for biological agriculture, covering microbial agents, bio-fertilizers, and biopesticides [4] - The company is leveraging "digital + biological" technology to drive modern agricultural transformation [4] Group 4: Market Expansion and Risk Management - The company is optimizing its sales network to expand into emerging international markets, particularly Southeast Asia [6] - It employs a dual currency settlement strategy to mitigate foreign exchange risks, ensuring stable overseas business development [8] - The company has established a cooperative in the Netherlands to enhance international market engagement and technology acquisition [7] Group 5: Financial Management and Future Outlook - The decline in net profit is attributed to increased investments in core technologies and product innovation, as well as extended product turnover periods due to overseas market expansion [10] - The company aims to balance scale and efficiency, enhancing resource allocation and operational efficiency to improve profitability [11] - Future strategies include continuous optimization of financial management and risk assessment related to goodwill [11]

Industry Focus - The 2025 CBP Bio-Agriculture Promotion Conference will focus on the core issues of biological transformation in the agricultural sector, aiming to interpret cutting-edge trends and development directions in bio-agriculture [1] - The Chinese fertilizer export situation for 2025 is expected to show "total volume growth year-on-year, continuous optimization of structure, and emerging markets" according to a senior consultant from Beijing Guotong Big Data Co., Ltd [1] - The Ministry of Agriculture and Rural Affairs has initiated a major pest and disease prevention campaign for autumn grain crops, organizing field observations in major producing provinces [1] Market Analysis - In Shandong and Chongqing, the agricultural input market is becoming more active as the autumn fertilizer preparation period begins, indicating a potential improvement in trading atmosphere [1] - The domestic monoammonium phosphate market is experiencing a significant divergence between strong upstream costs and weak downstream demand, leading to a stalemate in the market [1] Company Dynamics - Xingfa Group is actively responding to national supply and price stabilization calls amid a surge in agricultural input demand during the busy season [1] - Stanley's mid-year report shows a revenue of 6.391 billion yuan, a year-on-year increase of 12.66%, and a net profit of 607 million yuan, up 18.9% year-on-year [1] - Fubon Technology is leading a major agricultural microbiology project in Hubei Province focused on the creation and application demonstration of efficient crop nitrogen-fixing agents [1] - Jinzhe Group ranked 31st on the innovation list of the 2025 Shandong Top 100 Private Enterprises [1] - Hubei Yihua reported a net profit of 399 million yuan for the first half of 2025, a year-on-year decrease of 43.92% [1] Company Announcements - Salt Lake Co. announced the termination of a $300 million subscription intention for a merger with Highfield Resources Limited after a comprehensive evaluation [2] - Aojia Ecological reported a profit of 668,700 yuan for the first half of 2025, reversing a loss from the previous year, with a revenue of 101 million yuan, up 30.56% year-on-year [2]

Core Viewpoint - Fubon Technology (300387) reported mixed financial results for the first half of 2025, with revenue growth but a decline in net profit, indicating potential challenges in profitability despite increased sales [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 685 million yuan, a year-on-year increase of 6.5% compared to 643 million yuan in 2024 [1]. - Net profit attributable to shareholders was 61.22 million yuan, down 12.47% from 69.94 million yuan in the previous year [1]. - The second quarter saw revenue of 380 million yuan, reflecting a 16.1% increase year-on-year, while net profit for the quarter was 38.09 million yuan, a decrease of 12.91% [1]. - Gross margin decreased to 26.45%, down 11.18% year-on-year, and net margin fell to 9.26%, down 17.41% [1]. - Total receivables increased significantly, reaching 341 million yuan, which is 364.42% of the latest annual net profit, indicating potential liquidity concerns [1][4]. Key Financial Metrics - Operating expenses (sales, management, and financial expenses) totaled 75.99 million yuan, accounting for 11.1% of revenue, a decrease of 5.86% year-on-year [1]. - Earnings per share (EPS) dropped to 0.21 yuan, down 12.48% from 0.24 yuan [1]. - Cash flow from operating activities showed a negative value of -0.17 yuan per share, a significant decline of 263.28% year-on-year [1]. Changes in Financial Items - Accounts receivable increased by 44.22% due to sales growth, while contract assets decreased by 60.37% due to reduced warranty deposits [3]. - Long-term borrowings rose by 50.9% as a result of increased bank loans [3]. - Cash and cash equivalents saw a net decrease of 353.3%, attributed to increased purchases of raw materials and financial products [3]. Business Evaluation - The company's return on invested capital (ROIC) was 6.16%, indicating average capital returns, with a historical median ROIC of 5.62% over the past decade [4]. - The company has established a robust research and development mechanism to ensure continuous investment and innovation in agricultural microbiology [5].

Core Viewpoint - Fubon Technology (300387.SZ) reported its semi-annual results for 2025, highlighting significant institutional investment and changes in shareholding structure [1] Institutional Investment - As of August 21, 2025, five institutional investors disclosed holdings in Fubon Technology A-shares, totaling 116 million shares, which represents 40.29% of the company's total equity [1] - The institutional ownership increased by 0.17 percentage points compared to the previous quarter [1] - The institutional investors include: - Yingcheng Fubon Technology Co., Ltd. - NORTHLAND CHEMICALS INVESTMENT LIMITED - Wuhan Yangtze Chuangfu Investment Co., Ltd. - Zhenghong Development Co., Ltd. - BARCLAYS BANK PLC [1] Social Security Fund - There was one social security fund disclosed in this period, which is the Huatai-PineBridge Fund Management Co., Ltd. - Social Security Fund 1802 Portfolio, unchanged from the previous quarter [1] Foreign Investment - One new foreign institutional investor disclosed this quarter, BARCLAYS BANK PLC [1]

Group 1 - The company Fubon Technology reported a revenue of approximately 685 million yuan for the first half of 2025, representing a year-on-year increase of 6.5% [2] - The net profit attributable to shareholders of the listed company was approximately 61.22 million yuan, showing a year-on-year decrease of 12.47% [2] - The basic earnings per share were 0.2118 yuan, which is a year-on-year decrease of 12.48% [2]

Core Points - The meeting of the fourth supervisory board of Hubei Fubon Technology Co., Ltd. was held on August 20, 2025, with all three supervisors present [1] - The supervisory board approved the "2025 Semi-Annual Report" and its summary, confirming that the report's preparation and review procedures comply with relevant laws and regulations [1][2] - The report accurately reflects the company's actual situation without any false records, misleading statements, or significant omissions [1] Voting Results - The voting results showed 3 votes in favor, 0 votes against, and 0 abstentions [2] Reference Documents - The detailed content of the "2025 Semi-Annual Report" and its summary can be found on the company's official disclosure platform and in various financial newspapers [2]

证券代码：300387 证券简称：富邦科技 公告编号：2025-032 一、召开会议的基本情况 第十二次会议，审议通过了《关于召开 2025 年第一次临时股东会的议案》。 本次股东会的召开符合有关法律、行政法规、部门规章、规范性文件、深圳 证券交易所（以下简称"深交所"）业务规则和《公司章程》等的规定。 （1）现场会议召开时间：2025 年 9 月 9 日（星期二）14:30； （2）网络投票时间：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 9 月 9 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为：2025 年 9 月 9 日 9:15-15:00 期间的任 意时间。 湖北富邦科技股份有限公司 关于召开 2025 年第一次临时股东会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 根据《湖北富邦科技股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，经湖北富邦科技股份有限公司（以下简称"公司"）第四届董事会第 十二次会议审议通过，公司决定于 2025 ...

湖北富邦科技股份有限公司（以下简称"公司"）第四届董事会第十二次会 议于 2025 年 8 月 20 日以现场结合通讯的方式在公司会议室召开，应出席会议的 董事 7 人，实际出席会议的董事 7 人，其中董事毛基业先生及独立董事黄巧云先 生、叶志彪先生、郭飞先生以视频通讯方式出席会议。 本次会议通知于 2025 年 8 月 9 日以通讯方式发出，会议召开及表决程序符 合《中华人民共和国公司法》（以下简称"《公司法》"）及《湖北富邦科技股 份有限公司章程》（以下简称"《公司章程》"）的有关规定。 本次会议由董事长王仁宗先生主持，公司监事、高级管理人员列席了会议， 与会董事经认真审议，以举手表决、通讯表决方式逐项审议如下议案： 一、审议通过《<2025 年半年度报告>及其摘要》 证券代码：300387 证券简称：富邦科技 公告编号：2025-024 湖北富邦科技股份有限公司 第四届董事会第十二次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 经审议，董事会认为：公司《2025 年半年度报告》及其摘要的编制和审核 程序符合法律、行政法规和中国证监会的规定，报告 ...

Group 1 - Fubon Technology held its 12th board meeting of the fourth session on August 20, 2025, to review the proposal for amending the company's articles of association [1] - For the year 2024, Fubon Technology's revenue composition is as follows: 86.37% from chemical raw materials and chemical products manufacturing, 12.03% from food manufacturing, 1.36% from other industries, and 0.24% from technical services [1] - As of the report, Fubon Technology has a market capitalization of 2.9 billion yuan [1]