国证国际指出，中化化肥是中国最大的化肥进口商，拥有超过30年的化肥国际贸易经验和国际贸易关系。是中国最大的化肥分销商，拥有庞大的分销服务网络。2023年中化化肥发布“生物+”战略，将围绕养分高效、生物肥料和土壤健康三个层面逐步推动生物农业的发展，目标转型成为生物肥料和土壤健康的创新引领者。该业务作为中化化肥的成长业务，在收入占比36%，是未来发展的重心，驱动业绩增长。目前估值相当于25年7.5倍预测市盈率，股息率约为5%。Sinochem Fertilizer (00297) rose more than 4% at the end of the session. As of press release, it rose 4.42% to HK$1.18, with a turnover of HK$26.0685 million.
The Zhitong Finance App learned that Sinochem Fertilizer (00297) rose more than 4% at the end of the session. As of press release, it had risen 4.42% to HK$1.18, with a turnover of HK$26.0685 million.
According to the news, the National Agricultural Insurance and Supply Platform held a symposium and production and marketing matchmaking meeting on December 26 to focus on stabilizing urea market prices and balancing the price levels between fertilizer types (nitrogen, phosphorus, potassium), and called for an increase in storage plans. CITIC Futures pointed out. Although it is unlikely that exports will be liberalized by the end of the year under the guarantee and supply policy, considering the expected reaction of futures, we still need to pay attention to the risk of disturbances in export policy expectations. Continue to pay attention to the price stabilization policy and implementation situation proposed at the symposium on securing supply and price stability for chemical fertilizers to see if it can ease the pressure of short-term high inventory accumulation.
China Securities International pointed out that Sinochem is the largest importer of chemical fertilizers in China, and has more than 30 years of international fertilizer experience and international trade relationships. It is the largest fertilizer distributor in China and has a huge distribution service network. In 2023, Sinochem released the “Bio+” strategy, which will gradually promote the development of biological agriculture around the three levels of nutrient efficiency, biofertilizer, and soil health, with the goal of becoming an innovative leader in biofertilizer and soil health. As the growth business of Sinochem Fertilizer, this business accounts for 36% of revenue. It is the focus of future development and drives performance growth. The current valuation is equivalent to 7.5 times the predicted price-earnings ratio in 25 years, and the dividend ratio is about 5%.
