近年来，我国持续推动物联网、人工智能、云计算、大数据等新一代信息技术与种植业、畜牧业、渔业 等深度融合，农业数字化进程明显加快。数据显示，2024年我国农业科技进步贡献率超63%，农业生产 信息化率接近30%，现代设施农业种植面积达4000万亩。截至今年1月，农业农村部累计支持建设国家 数字农业创新中心、分中心34个，智慧农业创新应用项目116项。数字技术的广泛运用，为传统农业转 型升级注入新动能。 政策层面，党中央、国务院先后出台《数字农业农村发展规划（2019—2025年）》《数字乡村发展行动 计划（2022—2025年）》《"十四五"数字农业建设规划》等文件，作出"实施大数据战略和数字乡村战 略""大力推进'互联网+'现代农业"等部署安排，明确"以数字技术与农业农村经济深度融合为主攻方 向""加强数字生产能力建设"等重点任务，为"数字+"现代农业产业体系构建提供了制度保障。 不过，当前农业数字化转型仍面临一些亟待解决的问题。基础设施尚不完善，技术与产业融合深度不 足，高素质人才缺乏等问题，导致部分数字农业产业投入高、周期长、转化率低，高端科技成果供给与 应用不足。对此，还需产业政策、企业主体与消费者三方 ...

Group 1 - The core business of the company’s subsidiary, Longping Kaihong, focuses on the digital agriculture sector [1] - The company aims to enhance production efficiency, reduce operational costs, and optimize resource allocation through technology [1] - The goal is to create value for participants and promote a sustainable business loop in digital agriculture services [1]

Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided report. 2. Core Viewpoints - The company has established a comprehensive R & D innovation guarantee mechanism, focusing on the construction of strain resource libraries, development of efficient fermentation processes, and research on field application technologies in the modern agriculture field [23]. - The company's auxiliary business achieved both quality and efficiency improvement in 2024, with an operating income of 902.47 million yuan, a year - on - year increase of 9.35%. The future will be customer - demand - oriented, improving the global integrated operation system [23]. - The company will continue to rely on carriers and research platforms, focus on the "fertilizer - water - pesticide coupling + digital technology" path, and launch a new generation of modern agricultural products [25]. - In the marketing model, the company will implement the "1 + X" strategic marketing model, and actively promote the globalization layout [26]. - In the bio - agriculture field, the company will strengthen the exploration of application scenarios, focus on business ecosystem construction, and promote the "Tian Sheng Dan" project and overseas cooperation [28]. - The company plans to expand market share in Asia, Europe, Africa, and the former Soviet Union regions, and has specific overseas business plans for 2025 [28][29]. 3. Summary by Directory 3.1. Research Basic Situation - The research object is Fubang Co., Ltd., belonging to the fertilizer industry. The reception time was on June 12, 2025. The company's reception personnel included the chairman, general manager, deputy general manager, financial director, deputy general manager, board secretary, and independent director [16]. 3.2. Detailed Research Institutions - The institutions participated in the 2025 Hubei Province listed companies' online collective investor reception day through the Panorama Network live interactive platform [19]. 3.3. Research Institutions Proportion There is no relevant information provided in the report. 3.4. Main Content Data - **R & D and Transformation**: The company has a R & D innovation guarantee mechanism, and focuses on modern agriculture R & D. It aims to ensure core technology breakthroughs, build a collaborative innovation system, and optimize the transformation path [23]. - **Auxiliary Business**: In 2024, the auxiliary business had good performance. In the future, it will improve the global integrated operation system, expand domestic and overseas markets [23][24][25]. - **Digital and Biological Technology Integration**: The company will rely on carriers and platforms, focus on the "fertilizer - water - pesticide coupling + digital technology" path, and launch new products and solutions [25]. - **Marketing Model**: Implement the "1 + X" strategic marketing model, and promote globalization [26]. - **Bio - agriculture**: Strengthen application scenario exploration, research and development, team building, and project construction, and promote overseas business [28]. - **Regional Layout**: Expand market share in Asia, Europe, Africa, and the former Soviet Union regions, and has specific plans for 2025 [28][29]. - **Overseas Business**: In 2024, the overseas business performance improved significantly, outputting various products and services. The company adheres to the "biotechnology + digital technology" dual - wheel drive strategy [31]. - **Market Value Management**: The company will consider stock repurchase and dividend policies, and promote the extension development strategy through mergers and acquisitions [32][33]. - **2025 Strategy**: The company will promote product upgrade, focus on "cost - reduction and yield - increase" solutions, and deepen the "going - out" strategy [35]. - **Mergers and Acquisitions**: Explore strategic mergers and acquisitions globally, following relevant principles [35]. - **Goodwill Management**: Conduct annual goodwill impairment tests [37]. - **Dividend Policy**: In 2025, the company completed the 2024 profit distribution, with no mid - term dividend plan currently [37]. - **Exchange Rate Risk**: The company has relatively small foreign exchange transaction risks in Europe and Africa, but there may be foreign currency conversion risks [38]. - **Brand Building**: The company attaches importance to market value management, participates in industry expos, and promotes the matching of market value and product competitiveness [38]. - **Smart Agriculture**: Adopt the "digital + biological" technology as the core, and use the industry - university - research cooperation model to promote the implementation of smart agriculture [39]. - **Business Expansion**: Based on industry trends, the company will optimize the layout of its core business segments [40]. - **Policy Adaptation**: Adjust and optimize business expansion and technological innovation according to national policies [42]. - **Order and Capacity**: The company's current orders and capacity utilization are normal [42]. - **Digital Agriculture Services**: The company has advantages in digital soil testing and fertilizer formulation, intelligent water - fertilizer integration, and orchard yield estimation. It has established demonstration bases and will promote the application of intelligent equipment [42][44]. - **Digital Agriculture Business**: In 2024, the digital agriculture business achieved significant revenue growth. In the future, it will deepen innovation, upgrade services, and promote green transformation [44][45]. - **2024 Operating Conditions**: In 2024, the company's overall operating income was 1.2350748 billion yuan, a year - on - year increase of 17.79%. The overseas business accounted for 45.48% of the total revenue [45][46].