Core Insights - The importance of fertilizers in ensuring food security and the need for greener and more efficient agricultural practices is emphasized, particularly in the context of China's agricultural transformation [1][4]. Industry Overview - China's fertilizer usage has increased from 8.84 million tons in 1978 to 49.88 million tons in 2024, significantly contributing to the production of major agricultural products [3]. - However, the environmental issues caused by fertilizer runoff, such as soil acidification and water eutrophication, have prompted the government to implement policies aimed at promoting green agricultural practices [3]. Policy Initiatives - The government has introduced several policies to control fertilizer usage, including the "Zero Growth Action Plan for Fertilizer Use by 2020" initiated in 2015 and the "Reduction of Fertilizer Use Action Plan by 2025" released in 2022 [3]. - By 2024, the fertilizer utilization rate for major crops like rice, wheat, and corn has improved to 42.6%, indicating a shift towards a more efficient and scientific approach to fertilization [3]. Technological Innovations - New Yangfeng has undertaken over 20 major national and provincial research projects, resulting in more than 260 patents and the establishment of a complete innovation chain from soil testing to product application [5]. - The company has developed specialized fertilizers that have shown significant yield increases, such as an 18% increase in wheat yield and a 67.5 kg increase per mu for peanuts and soybeans [7][9]. Product Development - New Yangfeng has created a diverse product matrix with over 100 types of fertilizers, focusing on efficiency, specialization, and environmental sustainability [10]. - The company has successfully developed specialized fertilizers for various crops, including apples, wheat, and corn, achieving precise nutrient matching and significant yield improvements [10]. Service Innovation - The company employs a "product + service" model, providing high-quality fertilizers along with professional technical services to enhance agricultural productivity [12]. - In 2024, New Yangfeng conducted over 10,969 training sessions, reaching more than 610,000 farmers, and established numerous demonstration fields to promote new fertilizer technologies [12]. Future Outlook - New Yangfeng aims to continue its mission of providing efficient and environmentally friendly fertilizers, contributing to global food security and sustainable development [14].
新洋丰以“创新肥”夯实中国“丰收田”