华安证券给予新洋丰买入评级，新型肥料结构性升级，深化产业链一体布局

Group 1 - The core viewpoint of the report is that Huazhong Fertilizer (000902.SZ) is rated as a "buy" due to its successful structural transformation and growth in profit margins driven by new fertilizers [2] - The company has established an integrated production capacity for compound fertilizers, which helps mitigate cost risks through resource self-sufficiency [2] - The second growth curve in fine chemicals is beginning to take shape, with high-end production capacity driving incremental breakthroughs [2]