Core Viewpoint - Fubon Technology is aligning with national rural revitalization strategies and digital economy development plans by focusing on digital agriculture support services, aiming to provide comprehensive digital agricultural solutions for new agricultural operators [1] Group 1: Company Initiatives - The company is committed to modernizing agriculture by leveraging advanced technologies and products in the digital agriculture sector [1] - Fubon Technology has established the "Tomato Community" as a demonstration park to showcase its digital agricultural technologies [1] Group 2: Industry Context - The company is seizing opportunities presented by the development of new productive forces in agriculture, contributing to the overall modernization of the agricultural sector [1]

Group 1: Company Performance - The company achieved a revenue of 684.60 million CNY in the first half of 2025, representing a year-on-year increase of 6.50% [3] - Domestic revenue reached 365.06 million CNY, up 5.10%, accounting for 53.32% of total revenue [3] - International revenue was 319.54 million CNY, with an increase of 8.16%, making up 46.68% of total revenue [3] - Net profit attributable to shareholders was 61.22 million CNY, while net assets increased by 9.53% to 1.47 billion CNY [3] Group 2: Product Development and Innovation - The company focuses on technological innovation in the fertilizer additive sector, developing new products such as multifunctional coating agents and anti-caking agents [2] - A comprehensive heavy metal remediation solution has been developed and successfully validated, with international recognition of its technical feasibility [2] - The company is exploring new growth paths through digital and biological technology integration, aiming to create a modern agricultural ecosystem [3][7] Group 3: Marketing and Sales Strategy - The "1+X" strategic marketing model is employed to enhance customer reach and satisfaction through resource integration and channel optimization [4][5] - The company aims to deepen cooperation with leading agricultural groups and expand e-commerce and overseas markets [5] - Customized, one-stop solutions are provided to clients, enhancing long-term partnerships [5] Group 4: Future Growth and Expansion - The company plans to pursue strategic acquisitions to enhance its product lines and market competitiveness in the agricultural sector [6][7] - Focus areas for acquisitions include companies with advanced capabilities in gene editing and digital agriculture technologies [7] - The company is committed to balancing scale and efficiency while optimizing resource allocation and improving operational efficiency [9] Group 5: Challenges and Strategic Responses - Despite revenue growth, net profit declined due to increased investments in core technologies and product innovation [8] - The company is implementing large-scale demonstration projects across multiple provinces to promote modern agricultural practices [8] - Challenges include extended product turnover periods and increased accounts receivable due to international market expansion [9]

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 ...