Group 1: Strategic Planning - The company aims to focus on "technological innovation, green development, and social return" as its strategic goals, emphasizing three major development directions: upgrading agricultural additives and specialty fertilizers, focusing on cost reduction and yield increase, and deepening the "going out" strategy in Southeast Asia, the former CIS, and Africa [2][3]. Group 2: Core Competitiveness - The company is committed to continuous technological innovation, developing biodegradable and environmentally friendly materials, and launching new agricultural additives that meet energy-saving and environmentally friendly requirements [4]. - Unique products and services in biological agriculture and digital agriculture have been introduced, providing comprehensive solutions for cost reduction and yield increase [4]. Group 3: Sales and Marketing Innovation - The company has implemented a "1+X" strategic marketing model, focusing on core customers while integrating traditional distributors, e-commerce platforms, and overseas exports [4][5]. - This model aims to provide customized, one-stop solutions, enhancing customer satisfaction and ensuring efficient business expansion [4]. Group 4: Risk Management - The company is expanding procurement channels in emerging markets to enhance supply chain resilience and flexibility, while maintaining reasonable inventory levels [6]. - Specific measures are in place to mitigate currency exchange risks, including shortening quotation cycles and increasing the proportion of direct RMB settlements [6]. Group 5: Business Development and R&D Progress - In the first half of 2025, the company achieved a revenue of 12,236.98 million yuan, a year-on-year increase of 13.31% [7]. - Significant investments in R&D have led to the launch of five new products for nematode control and three new products for nitrogen-fixing in the first half of 2025 [8]. Group 6: Future Mergers and Acquisitions - The company plans to pursue external development strategies, focusing on acquiring firms with core R&D capabilities in agricultural additives and specialty fertilizers [8]. - The dual-track acquisition strategy will also target technology-driven companies in gene editing and digital agriculture to enhance its service capabilities [8]. Group 7: R&D Investment and Innovation - The company has established a robust R&D innovation mechanism, ensuring sustained investment and breakthroughs in core technologies [9]. - Collaboration with top research institutions is emphasized to tackle key technologies and optimize the commercialization path [9][10].

Group 1: Business Performance - The company achieved a revenue of 68,459.76 million yuan in the first half of 2025, representing a year-on-year increase of 6.50% [8] - Domestic revenue reached 36,505.79 million yuan, up 5.10%, accounting for 53.32% of total revenue; while overseas revenue was 31,953.97 million yuan, increasing by 8.16%, making up 46.68% of total revenue [8] - The modern agriculture business generated 12,236.98 million yuan in revenue, with a year-on-year growth of 13.31% [6][10] Group 2: Agricultural Business Strategy - The company focuses on the transformation and upgrading of agricultural additives, emphasizing precision, greenness, efficiency, and nutrition [2] - It has been recognized as the "global leader in fertilizer additive sales" by an international consulting firm, with a revenue of 49,641.49 million yuan, reflecting a growth of 5.62% [2] - The company is developing a digital agriculture industry park in Echeng City, integrating economic crop planting, agricultural technology display, and education [3] Group 3: Technological Innovation - The company is committed to technology innovation, focusing on biodegradable and environmentally friendly materials, and has launched products like nitrogen-fixing for gramineous crops and nematode control [3][4] - It has established a comprehensive R&D system for biological agriculture, covering microbial agents, bio-fertilizers, and biopesticides [4] - The company is leveraging "digital + biological" technology to drive modern agricultural transformation [4] Group 4: Market Expansion and Risk Management - The company is optimizing its sales network to expand into emerging international markets, particularly Southeast Asia [6] - It employs a dual currency settlement strategy to mitigate foreign exchange risks, ensuring stable overseas business development [8] - The company has established a cooperative in the Netherlands to enhance international market engagement and technology acquisition [7] Group 5: Financial Management and Future Outlook - The decline in net profit is attributed to increased investments in core technologies and product innovation, as well as extended product turnover periods due to overseas market expansion [10] - The company aims to balance scale and efficiency, enhancing resource allocation and operational efficiency to improve profitability [11] - Future strategies include continuous optimization of financial management and risk assessment related to goodwill [11]