Group 1: Strategic Development Directions - In 2025, the company will focus on "technological innovation, green development, and social return," emphasizing three major development directions: upgrading agricultural additives and specialty fertilizers, promoting cost reduction and yield increase through integrated solutions, and deepening the "going out" strategy in Southeast Asia, the former CIS, and Africa [2][3]. - The company aims to enhance its competitiveness in the global agricultural supply chain by leveraging core technological advantages in agricultural additives, microbial agents, bio-fertilizers, and bio-pesticides, combined with digital technology applications [3]. Group 2: R&D Progress and Innovations - The company has increased investment in energy-saving and carbon-neutral additives, successfully testing new products such as cadmium and arsenic removal agents, and urea granulation agents, significantly enhancing market competitiveness [4]. - Ongoing collaborations with domestic and international partners are aimed at advancing research projects in calcium magnesium phosphate, TSP-MgO, and phosphoric acid purification [4]. Group 3: Market Potential and Growth - The agricultural additives and specialty fertilizers sector is experiencing a transformation, with the company developing more precise, green, efficient, and nutrient-rich products to meet diverse customer needs, aligning with the new development philosophy of "innovation, coordination, green, openness, and sharing" [5]. - The modern agriculture sector, particularly in biological and digital agriculture, is expected to grow rapidly, driven by the "New Round of 100 Billion Jin Grain Production Capacity Improvement Action Plan (2024-2030)" [5][6]. Group 4: Financial Performance - In 2024, the company achieved a revenue of 123,507.48 million yuan, a year-on-year increase of 17.79%. The agricultural additives business generated 90,247.01 million yuan (up 9.35%), while the modern agriculture business saw a significant increase of 169.05%, reaching 20,660.71 million yuan [7][8]. - The modern agriculture business has successfully established a full industry chain from "strain selection" to "formulation products," leveraging synergies in R&D and market resources [8]. Group 5: Impact of International Trade Environment - Recent tariff changes have had a minimal impact on the company's operations, as its overseas markets are primarily in Europe, Asia, and Africa, and it does not engage in direct trade with the U.S. [9]. - The company has managed to stabilize raw material costs through long-term procurement contracts and inventory management strategies, mitigating the effects of price fluctuations [9]. Group 6: Market Opportunities in Nitrogen Fixation and Pest Control - The global bio-nitrogen fixation market is projected to reach $2.8 billion by 2028, with a growth rate of 10.90% from 2021 to 2028. The domestic market potential is estimated at approximately 28.935 billion yuan based on current agricultural land and pricing [10]. - The biopesticide market is expected to grow to 33.09 billion yuan by 2027, with an annual compound growth rate of 17.1%, indicating significant opportunities in pest control products [11].

Core Viewpoint - Fubon Technology reported a strong performance in 2024, achieving a revenue of 1.235 billion yuan, a year-on-year increase of 17.79%, and a net profit of 93.59 million yuan, up 30.81% from the previous year [1][3][5] Financial Performance - The company achieved a total revenue of 123,507.48 million yuan in 2024, with domestic revenue at 67,331.80 million yuan (up 19.21%) and international revenue at 56,175.68 million yuan (up 16.13%) [1][3] - The net profit attributable to shareholders was 9,359.03 million yuan, with a basic earnings per share of 0.32 yuan, reflecting a 28.00% increase year-on-year [1][3] Business Strategy - The company has shifted its focus to a dual-driven strategy of "biotechnology and digital technology," aiming to enhance its core competitiveness in modern agriculture [1][3] - The name change from "Fubon Shares" to "Fubon Technology" signifies a strategic adjustment towards modern agricultural technology [1][3] Market Position and Growth - Fubon Technology is positioned as a leading enterprise in the global fertilizer additive and fertilizer industry, with a comprehensive product line and strong R&D capabilities [1][3] - The modern agriculture sector, particularly in biological agriculture and digital agriculture, is identified as a key growth area, with significant market potential [3][5] Digital Agriculture Development - The company is developing a digital agriculture service model that includes soil testing, scientific planting planning, and online management, aiming to enhance agricultural productivity and efficiency [2][3] - The digital agriculture sector is expected to grow rapidly, driven by the integration of information technology and agriculture [2][3] R&D and Innovation - In 2024, the company invested 46.85 million yuan in R&D, focusing on energy-saving and carbon-neutral additives, and has a strong team of 169 R&D personnel [7][3] - New products such as phosphorus cadmium removal agents and urea granulation agents have been successfully developed, enhancing market competitiveness [7][3] Future Outlook - The company plans to continue expanding its market presence in Southeast Asia, the former CIS countries, and Africa, leveraging its core technology advantages in agricultural additives and biological products [5][3] - The focus will remain on integrating resources and creating value in the modern agricultural ecosystem through a comprehensive solution model combining seeds, fertilizers, and digital technology [3][5]

Group 1: Company Overview and Strategic Focus - The company focuses on "water-fertilizer-pesticide coupling + digital technology" to enhance service efficiency and customer satisfaction, aiming for a comprehensive solution to reduce costs and increase production [2][3] - The company has two main business segments: agrochemical additives and special fertilizers, and modern agriculture, aligning with the green and efficient development of agriculture [4][5] Group 2: Financial Performance - In Q1 2025, the company reported a revenue of 305 million CNY, a decrease of 3.44% year-on-year, and a net profit of 23.12 million CNY, down 11.75% [6][7] - For the year 2024, the company achieved a total revenue of 1.235 billion CNY, an increase of 17.79% year-on-year, with agrochemical additives generating 902.47 million CNY (up 9.35%) and modern agriculture contributing 206.61 million CNY (up 169.05%) [7][8] Group 3: Research and Development - The company is investing in the development of energy-saving and carbon-neutral additives, successfully launching new products such as cadmium and arsenic removal agents [3][4] - The focus on modern agriculture includes biotechnological advancements and digital agriculture, aiming to create a comprehensive ecosystem for sustainable agricultural practices [4][9] Group 4: Market Strategy and Expansion - The company plans to deepen its market presence in Southeast Asia, the former CIS region, and Africa, leveraging its core technology advantages in agrochemical additives and digital agriculture [5][10] - The company is pursuing an external growth strategy through mergers and acquisitions, targeting firms with advanced R&D capabilities and production facilities [8][10] Group 5: Challenges and Future Outlook - The company anticipates that the recent decline in Q1 performance is a short-term fluctuation, expecting gradual improvement as strategic adjustments take effect [6][7] - The company emphasizes its commitment to high-quality development and enhancing shareholder returns through market expansion and technological innovation [11]