Forbon(SZ:300387)2025-04-22 11:55Financial Performance - The company achieved a total revenue of 1,235.07 million yuan in 2024, representing a year-on-year increase of 17.79%[133]. - Net profit attributable to shareholders was 93.59 million yuan, a year-on-year increase of 30.81%; net profit excluding non-recurring gains and losses was 87.92 million yuan, up 23.91% year-on-year[117]. - The company's agricultural additive business generated revenue of 902.47 million yuan, reflecting a growth of 9.35% year-on-year, and was recognized as the "global fertilizer additive sales leader" by a reputable international organization[118]. - Domestic revenue reached 673.32 million yuan, up 19.21% year-on-year, accounting for 54.52% of total revenue; overseas revenue was 561.76 million yuan, increasing by 16.13% year-on-year, making up 45.48% of total revenue[117]. - The revenue from bio-products surged by 169.05% to ¥206,607,090.49, indicating strong demand and market growth[134]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total of 289,057,018 shares[3]. - The company has not proposed any stock bonus distribution for the current reporting period[3]. - The company emphasizes that all board members attended the meeting to review the annual report, ensuring accountability for the report's accuracy and completeness[3]. Risk Management - The company has stated that there are no significant risks that could materially affect its production and operations during the reporting period[3]. - The company has detailed potential risks faced in its operations in the section titled "Management Discussion and Analysis" under "Future Development Outlook"[3]. Research and Development - In 2024, the company's R&D investment reached 46.85 million yuan, supporting its innovation-driven development strategy and enhancing market competitiveness[105]. - The company has increased its R&D efforts in value-added fertilizers, focusing on developing new products for soil improvement and fertilizer efficiency[50]. - The company is actively collaborating with institutions like China Agricultural University and Huazhong Agricultural University to develop advanced nitrogen-fixing bacteria and optimize their genetic traits using CRISPR-Cas technology[63]. - The company has established a strong R&D team with 169 personnel, including 26 with master's degrees and 5 with doctoral degrees, enhancing its innovation capabilities[103]. Product Development and Innovation - The company is focusing on developing new types of agricultural additives that are more precise, green, efficient, and nutrient-rich, aligning with the industry's shift towards sustainable practices[39]. - The company has successfully developed various value-added fertilizers, including oxygen-releasing fertilizers and customized fertilizers, aimed at enhancing crop yield and quality[51]. - The company aims to develop a new biopesticide with over 70% field efficacy against root knot nematodes, addressing a significant agricultural challenge[150]. - The company is innovating anti-caking agents for water-soluble fertilizers to prevent clogging in irrigation systems[150]. Market Expansion and Strategy - The company is actively expanding its international market presence, with a focus on exporting high-value-added fertilizer products, particularly value-added potassium fertilizers, which have shown a year-on-year increase in sales[95]. - The company aims to enhance its global integrated operations by 2025, focusing on customer demand and optimizing marketing, R&D, production, supply, and logistics systems[189]. - The company plans to deepen its market presence in Asia, Europe, Africa, and the former CIS regions, with a focus on strategic layout and expanding market share[190]. - The company is focusing on building a customized service platform to capture the digital agricultural service market, enhancing customer engagement and service quality[123]. Environmental Commitment - The company is committed to aligning with national policies aimed at reducing fertilizer usage while improving efficiency and environmental sustainability[35]. - The introduction of biological fertilizers is expected to reduce reliance on traditional fertilizers, addressing environmental concerns and improving soil health[54]. - The company is investing in the research and application of biodegradable and environmentally friendly materials, holding numerous patents and proprietary technologies in fertilizer production[76]. Operational Efficiency - The company is focused on advancing its production processes to improve efficiency and product quality in the agricultural sector[84]. - The company has a designed capacity of 23,000 tons per annum for fertilizer anti-caking agents (powder), with a utilization rate of 124.72% and an additional 15,000 tons per annum under construction[85]. - The company has completed construction of a 34,500 tons per annum capacity for fertilizer anti-caking agents (paste), which is currently in normal production[85]. Partnerships and Collaborations - The company has established stable partnerships with over 400 large and medium-sized fertilizer enterprises globally, enhancing its market presence in East Asia, Southeast Asia, Europe, and North Africa[43]. - The company has signed significant sales contracts, with the top five customers contributing ¥403,688,890.40, which is 32.69% of total annual sales[145]. - The company has established stable partnerships with numerous fertilizer manufacturers in domestic and international markets, including YARA and ICL[113]. Financial Management - The company has committed to invest a total of 300 million CNY in various projects, with 285.2 million CNY already utilized, achieving a progress rate of 95.3%[171]. - The total investment amount for the reporting period was ¥79,787,164.92, a decrease of 34.47% compared to ¥121,759,676.52 in the same period last year[163]. - The company has reported goodwill of ¥437.07 million from acquisitions in the Netherlands and France, constituting 31.48% of net assets[158].