Xinyangfeng Agricultural(SZ:000902) Chang Jiang Shang Bao·2025-06-25 23:48Core Viewpoint - New Yangfeng is expanding its national layout by investing 1.15 billion yuan in a new 1 million tons/year specialized fertilizer project in the Huaihe River Basin, enhancing its competitiveness in the region and supporting high-quality agricultural development in the Huang-Huai-Hai Plain [1][2]. Investment Project Details - The project includes the construction of 1 million tons/year specialized fertilizers, comprising 400,000 tons/year of high tower compound fertilizer, 400,000 tons/year of urea-based compound fertilizer, 150,000 tons/year of soil testing formula BB fertilizer, and 50,000 tons/year of high-end water-soluble fertilizer [2]. - The total investment for the project is 1.15 billion yuan, with an expected fixed asset investment of 980 million yuan [2]. Strategic Importance - The project aligns with national industrial restructuring policies and aims to optimize the company's product structure while enhancing its market presence in East China, particularly in Jiangsu, Jiangxi, Zhejiang, and Fujian [2][3]. - The location in Bengbu is strategic due to its transportation advantages and proximity to significant agricultural markets, addressing the long-standing shortage of high-quality specialized fertilizers in the region [3]. Operational Enhancements - New Yangfeng plans to accelerate project construction, aiming to establish an intelligent and green industry benchmark by incorporating advanced production equipment and environmental technologies [4]. - The company is committed to reducing pollution during production and enhancing efficiency through automation and smart management systems [4]. Financial Performance - In 2024, New Yangfeng reported a revenue of 15.563 billion yuan, a year-on-year increase of 3.07%, and a net profit of 1.315 billion yuan, up 8.99% [6]. - In Q1 2025, the company achieved a revenue of 4.668 billion yuan, reflecting a 39.98% year-on-year growth, and a net profit of 515 million yuan, marking a 49.61% increase [6][7]. Market Position - New Yangfeng maintains a leading position in the phosphate and compound fertilizer industry, with its compound fertilizer sales consistently ranking first in the country [1][6]. - The company’s sales volume for compound fertilizers reached 5.4861 million tons in 2024, a year-on-year increase of 8.25%, with new type compound fertilizers driving significant growth [7].