Group 1 - The company Xin Yang Feng (SZ 000902) held its 16th board meeting of the 9th session on October 24, 2025, in Jingmen, Hubei Province, where it reviewed the proposal to amend the "Audit Committee Work System" [1] - For the first half of 2025, Xin Yang Feng's revenue composition was as follows: fertilizer industry accounted for 95.62%, other industries 2.37%, and fine chemicals 2.01% [1] - As of the report date, Xin Yang Feng's market capitalization was 18.1 billion yuan [1]

Core Viewpoint - The article discusses the tax incentives provided by the Chinese government to support the development of the manufacturing industry, specifically focusing on the exemption of value-added tax (VAT) for organic fertilizer products [1][5]. Tax Incentives for Organic Fertilizer - Taxpayers engaged in the production and sale of organic fertilizer products are exempt from VAT [1]. - The exemption has been in effect since June 1, 2008, and applies to organic fertilizers, organic-inorganic compound fertilizers, and biological organic fertilizers [1][2]. - Organic fertilizers are defined as carbon-containing materials derived from plants and/or animals that provide nutrients to plants when applied to soil [2]. - Organic-inorganic compound fertilizers are those that contain a certain amount of organic fertilizer mixed and/or compounded with inorganic fertilizers [2]. - Biological organic fertilizers consist of specific functional microorganisms combined with organic materials, such as animal manure and crop residues, that have undergone harmless treatment and fermentation [2]. Conditions and Requirements - Taxpayers selling exempt organic fertilizer products must issue regular invoices and are prohibited from issuing special VAT invoices [2]. - The declaration for VAT exemption must be made according to the time when the VAT obligation arises, within the corresponding tax period [3]. - Relevant documentation must be retained for verification, including valid fertilizer registration certificates issued by agricultural authorities [4]. Application Process - Taxpayers can apply for the VAT exemption through online and offline channels, such as the electronic tax bureau and tax service halls [4].

Core Viewpoint - The training session held in Huizhou, Guangdong Province, focused on scientific fertilization techniques aimed at reducing fertilizer usage while increasing efficiency, highlighting the importance of fertilizer management in achieving national food security and agricultural quality [2][9]. Group 1: Training Overview - The training combined indoor lectures, field practices, and online live streaming, attracting over 200,000 online viewers [3][4]. - The event emphasized the integration of theory and practice in agricultural technology [3][4]. Group 2: Achievements in Fertilizer Management - Over the past 20 years, Guangdong Province has achieved significant results in scientific fertilization, with over 90% coverage of self-formulated fertilization techniques and a fertilizer utilization rate increased to 42.52% [12][13]. - A comprehensive field trial evaluation system has been established, with 842 large and county-specific formulations released, covering major crops and economic plants [12][13][14]. Group 3: Technological Innovations - The reduction and efficiency improvement in fertilizer usage are driven by optimizing fertilizer types, quantities, and application methods, with a focus on promoting soil testing and formulation fertilization, coupled with organic fertilizer alternatives and new slow-release fertilizers [19][20][21]. - New technologies have reportedly increased fertilizer utilization rates to over 43%, achieving yield increases of over 10% [26]. Group 4: Green Fertilization Techniques - The training highlighted the importance of green manure and its role in ecological agriculture, with recommendations for developing efficient planting and returning machinery for green manure crops [41][42]. - Practical demonstrations of various fertilization techniques were conducted, showcasing the effectiveness of scientific fertilization methods [45][49]. Group 5: Future Directions - The training served as a platform for technical exchange, igniting interest in agricultural green transformation and equipping frontline agricultural technicians with essential scientific fertilization knowledge [51][52].

Core Insights - Jinzhengdai Group has become the world's largest manufacturer of controlled-release fertilizers and a key standard setter in this field, leading the industrialization and large-scale application of such fertilizers in China [1] - The company has initiated a global promotion campaign for bio-based coated controlled-release fertilizer technology starting this year [1] Group 1 - Jinzhengdai is sharing its green bio-based coated controlled-release fertilizer technology globally, providing a "controlled-release fertilizer technology package" that includes core processes, intelligent production systems, and customized solutions for partners [3] - The company is collaborating with the FAO, IFA, and various agricultural institutions to establish regional technical training centers, offering standardized courses for technical training and planting services [3] - Jinzhengdai plans to build 10,000 acres of high-standard demonstration fields with global partners, developing comprehensive solutions tailored to local crop needs [3] Group 2 - The company is actively engaging in dialogue with various partners to promote collaborative development, including the establishment of a global controlled-release fertilizer promotion alliance [4] - Jinzhengdai has launched its first European controlled-release fertilizer model factory in the Netherlands and is engaging in deep exchanges with industry enterprises in Southeast Asia and Japan [4] - The company aims to deepen global industrial cooperation and promote the widespread application of controlled-release fertilizer technology, contributing to global food security and sustainable agricultural development [4]

Trade Performance - In September 2025, China's exports totaled $325.87 billion, a year-on-year increase of 8.30%, significantly exceeding market expectations of 5.65%[2] - Imports reached $238.12 billion, with a year-on-year growth of 7.40%, up 6.10 percentage points from the previous month, far surpassing the expected 1.37%[2] - The trade surplus for September was recorded at $90.45 billion, reflecting a year-on-year increase of 10.63%[2] Export Drivers - Machinery and electrical products contributed 7.68 percentage points to the export growth, marking seven consecutive months as the core support for export growth[2] - Key products driving export growth included integrated circuits, LCD display modules, ships, and automobiles[2] - Fertilizer exports saw a quantity increase of over 68%, while other categories also experienced significant growth of over 10%[3] Market Dynamics - Exports to Africa, East Asia, and the EU were the top three contributors to export growth, with contributions of 2.66%, 2.39%, and 1.97% respectively[3] - Exports to the U.S. have shown a continuous decline for six months, with a drag of 4.19 percentage points on overall export growth[3] - ASEAN emerged as the largest export destination for the first nine months of 2025, with cumulative exports of $536.61 billion[3] Economic Outlook - The strong performance in September is attributed to a combination of holiday logistics planning and increased working days compared to the previous year[9] - Despite the robust trade data, potential uncertainties loom due to the threat of additional tariffs from the Trump administration, which could impact future trade dynamics[9]

Core Insights - In April 2025, China's fertilizer imports reached 1.23 million tons, marking a year-on-year increase of 30.6%, with an import value of $39.1 million, up 19.1% [1] - In the same month, China's fertilizer exports totaled 2.54 million tons, reflecting a year-on-year growth of 20.7%, while the export value was $56 million, showing a decline of 10.8% [1] Import Data - The quantity of fertilizer imported by China in April 2025 was 1.23 million tons, which is a 30.6% increase compared to the previous year [1] - The monetary value of these imports was $39.1 million, representing a 19.1% increase year-on-year [1] Export Data - China's fertilizer exports in April 2025 amounted to 2.54 million tons, indicating a year-on-year growth of 20.7% [1] - The export value for this period was $56 million, which is a decrease of 10.8% compared to the same month in the previous year [1]

Group 1 - A new company named Wuchang Spring Festival Seed Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The legal representative of the company is Jiang Linhan [1] - The company's business scope includes the operation of crop seeds, production and wholesale of pesticides, retail of pesticides, and production of fertilizers [1] Group 2 - The company is authorized to engage in various agricultural activities, including the sale of crop seeds (limited to non-repackaged seeds), fertilizer sales, and feed raw material sales [1] - The company can also conduct internet sales, excluding items that require special permits [1] - The company will operate independently based on its business license, except for projects that require approval from relevant authorities [1]

Core Insights - In August 2025, China's fertilizer imports decreased to 840,000 tons, representing a year-on-year decline of 20.2%, with an import value of $31.6 million, down 5.2% year-on-year [1] - Conversely, China's fertilizer exports reached 5.09 million tons in August 2025, marking a year-on-year increase of 26.2%, with an export value of $1.881 billion, up 67.5% year-on-year [1] Import Data - The import quantity of fertilizers in August 2025 was 840,000 tons, which is a significant decrease compared to the previous year [1] - The total import value for the same period was $31.6 million, reflecting a decline of 5.2% year-on-year [1] Export Data - The export quantity of fertilizers in August 2025 was 5.09 million tons, indicating a robust growth of 26.2% year-on-year [1] - The export value for this period was $1.881 billion, showcasing a substantial increase of 67.5% year-on-year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 本公佈由世紀陽光集團控股有限公司（「本公司」，連同其子公司統稱「本集團」）根據《證 券及期貨條例》（香港法例第571章）第XIVA部分的內部信息條款及香港聯合交易所《證 券上市規則》（「上市規則」）第13.09(2)條的規定發佈。 誠如本公司於2025年3月28日、2025年6月30日及2025年8月29日發佈之公佈（統稱「該等 公佈」），內容涉及（其中包括）：(i)延遲發佈2024年年度業績及寄發2024年年度報告；(ii) 股份暫停交易；(iii)聯交所為本公司股份制定的復牌指引；及(v)延遲發佈2025年中期業 績及寄發2025年中期報告。 除非另有定義，本公佈所用詞彙與該等公佈所界定者具有相同涵義。 — 1 — （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：509） 復牌季度更新 及 持續暫停交易 復牌指引 誠如於2025年6月23日發佈的公佈中所披露，本公司接獲聯 ...

Core Insights - The 26th National Fertilizer Information Exchange and Product Trade Fair focuses on "fertilizer-water synergy to increase yield and promote green transformation" as a response to China's food security and agricultural development needs [1][4][6] - The event serves as a platform for government leaders, industry experts, and company representatives to discuss trends, showcase technologies, and foster collaboration in the fertilizer industry [1][4] Fertilizer-Water Synergy - Fertilizer and water are essential for agricultural production, with a focus on efficient application and water conservation to ensure food security [4] - China's integrated water-fertilizer promotion area has reached 1.8 million hectares, with a fertilizer utilization rate of 42.6% for major crops, reflecting a 9.6 percentage point increase over the past decade [4] - Gansu province, as a key agricultural area, has implemented region-specific strategies for water-fertilizer integration to enhance crop yields [4][5] Technological Innovations - Companies are developing products that enhance fertilizer efficiency, such as a fertilizer enhancer that reduces nitrogen loss by 30%-60% and increases crop yields by 5%-15% [5] - The Duy Water Saving Group has created an automated water-saving and customized fertilizer system that achieves over 40% water savings and a 30% increase in fertilizer efficiency across 1 million acres of farmland [5] Green Transformation - The shift towards green agriculture is driven by the need to address resource constraints and improve sustainability through reduced fertilizer use and soil improvement [6][7] - Recent data indicates a trend towards increased production of key fertilizers like diammonium phosphate, while potassium chloride production has decreased, signaling a structural optimization in the fertilizer industry [6][7] Regional Collaboration - The fair aims to promote balanced agricultural development across regions by sharing advanced technologies and experiences, particularly in the context of China's western development strategy [9][10] - The event has attracted over 300 enterprises and institutions, facilitating the introduction of innovative technologies tailored to the needs of Gansu's agricultural sector [10][11]