Forbon(300387)2025-04-29 09:20Group 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]