Core Viewpoint - Fubon Technology (300387) has confirmed that its overseas business operations are normal and that it has established a global supply chain resilience management mechanism to address potential risks [1] Group 1 - The company aims to enhance its risk resistance capabilities through diversified market strategies and localized operations [1] - Fubon Technology is focused on achieving balanced development between domestic and international businesses [1] - All information will be based on announcements published in legal information disclosure media [1]

Core Viewpoint - Hubei Fubon Technology Co., Ltd. reported a revenue growth of 6.50% in the first half of 2025, driven by strong performance in its modern agriculture business, and is focusing on integrating biological and digital technologies to enhance agricultural modernization [2][4]. Financial Performance - In the first half of 2025, the company achieved a revenue of 684.60 million yuan, an increase of 6.50% year-on-year [2] - Domestic revenue was 365.06 million yuan, up 5.10%, accounting for 53.32% of total revenue [2] - International revenue reached 319.54 million yuan, growing by 8.16%, making up 46.68% of total revenue [2] - Net profit attributable to shareholders was 61.22 million yuan, with net assets of 1.47 billion yuan, reflecting a year-on-year increase of 9.53% [2] R&D and Innovation - The company has established a comprehensive R&D innovation mechanism, maintaining investment in R&D to accelerate industrialization through demonstration verification and business model innovation [3] - In the modern agriculture sector, the company is developing a strain resource library, efficient fermentation processes, and field application technology [3] - Collaborations with academic institutions are ongoing to advance key projects in nitrogen fixation and nematode control [3][5] Strategic Layout - The company aims to empower global agriculture through biological and digital technologies, focusing on a dual-driven approach for agricultural modernization [4] - The biological agriculture sector is centered on four product areas, establishing a full-chain R&D system to promote large-scale application of products [4] - The digital agriculture sector emphasizes data-driven and intelligent decision-making, providing comprehensive products and services for precision agriculture [4] Agricultural Microbial Technology - The company collaborates with various agricultural universities and research centers to build a collaborative innovation system [5] - It utilizes laboratory platforms to screen nitrogen-fixing strains and jointly develops process innovations [5] Digital Agriculture Solutions - The company has launched digital agriculture solutions that integrate biological and digital technologies, focusing on cost reduction and yield increase [6] - A press conference is scheduled for March 2025 to unveil the "Agricultural Doctor" green agriculture brand [6] Auxiliary Business Development - The company is committed to developing efficient and environmentally friendly auxiliary products for fertilizers, collaborating with OCP Group on advanced project research [7] - A comprehensive solution for heavy metal remediation has completed small-scale customer testing and is moving towards industrial experimentation [7] AI Technology Application - The company is introducing advanced agricultural smart devices, particularly in digital soil testing and fertilization [8] - Projects include soil detection and big data, precision irrigation, and yield estimation using AI to enhance planting chain efficiency [8]

Financial Performance - In the first half of 2025, the company achieved a revenue of 684.60 million CNY, a year-on-year increase of 6.50% [2] - Domestic revenue was 365.06 million CNY, up 5.10%, accounting for 53.32% of total revenue; overseas revenue was 319.54 million CNY, up 8.16%, accounting for 46.68% [2] - Net profit attributable to shareholders was 61.22 million CNY, with net assets of 1,470.95 million CNY, a year-on-year increase of 9.53% [2] - The modern agriculture business generated a revenue of 122.37 million CNY, with a growth rate of 13.31% [3] Research and Development - The company has established a robust R&D innovation mechanism to ensure continuous investment in core technologies [3] - Collaborations with top research institutions focus on key technologies, including nitrogen-fixing and nematode control [3] - The company is developing a complete chain from laboratory research to field demonstration in modern agriculture [3] Product Development and Market Strategy - The "Tian Sheng Dan" series products are undergoing market promotion through demonstration experiments across multiple provinces, covering over 10 crop types [4] - The company launched the "Million Mu Technology Assistance Project" to apply advanced agricultural technologies in practice [4] - Future strategies include a focus on "biotechnology + digital technology" to drive global agricultural modernization [5] Digital Agriculture Solutions - The digital agriculture segment emphasizes data-driven and intelligent decision-making, exploring areas like agricultural big data and IoT [5] - The company aims to provide comprehensive solutions from planting planning to harvest, enhancing efficiency in large-scale agricultural operations [7] - AI technologies are being integrated into soil testing, irrigation management, and yield estimation to optimize agricultural practices [9] Collaborations and Innovations - Partnerships with institutions like China Agricultural University and Huazhong Agricultural University enhance the company's R&D capabilities [6] - The company is actively developing new multifunctional additives and has achieved international recognition for its heavy metal remediation technology [8]

Group 1: Strategic Planning - The company aims to focus on "technological innovation, green development, and social return" as its strategic goals, emphasizing three major development directions: upgrading agricultural additives and specialty fertilizers, focusing on cost reduction and yield increase, and deepening the "going out" strategy in Southeast Asia, the former CIS, and Africa [2][3]. Group 2: Core Competitiveness - The company is committed to continuous technological innovation, developing biodegradable and environmentally friendly materials, and launching new agricultural additives that meet energy-saving and environmentally friendly requirements [4]. - Unique products and services in biological agriculture and digital agriculture have been introduced, providing comprehensive solutions for cost reduction and yield increase [4]. Group 3: Sales and Marketing Innovation - The company has implemented a "1+X" strategic marketing model, focusing on core customers while integrating traditional distributors, e-commerce platforms, and overseas exports [4][5]. - This model aims to provide customized, one-stop solutions, enhancing customer satisfaction and ensuring efficient business expansion [4]. Group 4: Risk Management - The company is expanding procurement channels in emerging markets to enhance supply chain resilience and flexibility, while maintaining reasonable inventory levels [6]. - Specific measures are in place to mitigate currency exchange risks, including shortening quotation cycles and increasing the proportion of direct RMB settlements [6]. Group 5: Business Development and R&D Progress - In the first half of 2025, the company achieved a revenue of 12,236.98 million yuan, a year-on-year increase of 13.31% [7]. - Significant investments in R&D have led to the launch of five new products for nematode control and three new products for nitrogen-fixing in the first half of 2025 [8]. Group 6: Future Mergers and Acquisitions - The company plans to pursue external development strategies, focusing on acquiring firms with core R&D capabilities in agricultural additives and specialty fertilizers [8]. - The dual-track acquisition strategy will also target technology-driven companies in gene editing and digital agriculture to enhance its service capabilities [8]. Group 7: R&D Investment and Innovation - The company has established a robust R&D innovation mechanism, ensuring sustained investment and breakthroughs in core technologies [9]. - Collaboration with top research institutions is emphasized to tackle key technologies and optimize the commercialization path [9][10].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a stock price increase of over 15% relative to the industry index in the next six months [5][18]. Core Viewpoints - The company is leveraging technological innovation to drive cost reduction and increased production in agriculture, aiming for a global strategic layout [1][10]. - The company's revenue for the first half of 2025 was 685 million yuan, a year-on-year increase of 6.5%, while net profit attributable to shareholders was 61 million yuan, a year-on-year decrease of 12.47% [1][2]. - The decline in profitability is attributed to the rising costs of fertilizer additives and biological products outpacing revenue growth [2][10]. Financial Performance Summary - Revenue projections for 2025-2027 are 1.417 billion yuan, 1.705 billion yuan, and 2.171 billion yuan, respectively, with year-on-year growth rates of 14.7%, 20.3%, and 27.4% [1][10]. - Net profit attributable to shareholders is expected to reach 123 million yuan, 172 million yuan, and 244 million yuan for the same period, with growth rates of 31.7%, 39.4%, and 42.2% [1][10]. - The company's return on equity (ROE) is projected to improve from 8.3% in 2025 to 12.9% in 2027 [1][10]. Market Development Summary - The company has made significant progress in expanding its agricultural chemical additives market, achieving a 0.3% year-on-year growth in domestic additive revenue to 188 million yuan and a 9.14% increase in overseas additive revenue to 309 million yuan in the first half of 2025 [4][10]. - The company has established partnerships with leading agricultural platforms to promote nitrogen-fixing products and nematode control products, enhancing its market presence [9][10].

证券日报网讯富邦科技（300387）9月9日在互动平台回答投资者提问时表示，公司与烟台市供销合作社 等成立了烟台市首政农业发展有限公司和烟台市烟农富邦肥料科技有限公司，以深化本地化服务与产业 协同。 ...

Group 1 - The company is closely monitoring global agricultural technology development trends [1] - The company emphasizes the significant role of modern biotechnology in promoting sustainable agricultural development [1]

Group 1 - The company reported negative net cash flow, which is closely related to industry cycles, delayed payments in certain businesses, and phase-specific investment expenditures [1] - The management is highly focused on financial safety and has implemented a series of improvement measures, including enhancing working capital management, prudent investment control, actively expanding diversified financing channels, and strengthening overall fund management [1] - The company anticipates gradual improvement in cash flow as a result of these measures [1]

（编辑 袁冠琳） 证券日报网讯 富邦科技9月9日在互动平台回答投资者提问时表示，根据公开信息，双绿源开发了行业 领先的基因组智能育种系统，该系统以生物育种基因芯片为核心，以植物全生育期智能育种工厂为基 础，为挖掘特异种质资源的功能基因、培育绿色优质品牌品种，解决种源难题的高新技术提供支撑。 ...

证券代码：300387 证券简称：富邦股份 公告编号：2025-034 湖北富邦科技股份有限公司 2025 年第一次临时股东会决议公告 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。 特别提示： 1、本次股东会无变更、增加、否决议案的情形； 2、本次股东会未涉及变更以往股东会决议的情形。 一、会议召开和出席情况 湖北富邦科技股份有限公司（以下简称"公司"）2025 年第一次临时股东 会通知于 2025 年 8 月 22 日以公告形式发出。 （一）会议召开情况 1、会议召开日期、时间 （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。 2、会议地点：武汉市东湖新技术开发区神墩三路 288 号武汉诺唯凯工程技 术中心。 3、会议的召开方式：以现场和网络投票相结 ...