证券代码：600096 证券简称：云天化 公告编号：临 2025-043 云南云天化股份有限公司 关于回购股份注销完成暨股份变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 云南云天化股份有限公司（以下简称"公司"）本次注销已回 购股份 11,338,016 股，占本次注销前公司总股本的 0.6181%。本次注 销完成后，公司总股本由 1,834,328,747 股变更为 1,822,990,731 股。 本次回购股份注销事宜计划于 2025 年 6 月 11 日办理完成，本 次回购股份注销手续符合法律法规相关要求。 一、回购股份情况 2023 年 8 月 2 日，公司召开第九届董事会第十八次（临时）会 议，审议通过了《关于以集中竞价交易方式回购公司股份的议案》， 同意公司拟以不低于人民币 1.5 亿元（含），不超过人民币 2 亿元（含） 的自有资金回购公司股票，用于公司未来员工持股计划或股权激励， 回购期限为自公司董事会审议通过回购方案之日起不超过 4 个月。详 见公司于 2023 年 8 月 3 ...

Core Viewpoint - Yunnan Yuntianhua Co., Ltd. aims to become a flagship leading listed company by focusing on internal management to address external uncertainties and implementing strategies to manage production and market operations effectively [1][2] Financial Performance - In 2024, the company achieved a net profit attributable to shareholders of 5.333 billion yuan, while in the first quarter of 2025, the net profit reached 1.289 billion yuan [1] Operational Strategy - The company adheres to a strategy of "full load, quick turnover, low inventory, and risk prevention" to overcome challenges such as fluctuations in raw material and product prices [1] - The company is actively advancing the preliminary development of the Zhenxiong phosphate mine and progressing with the construction of the Kunyang No. 2 mining project and a 4.5 million tons/year phosphate flotation project [1] Resource Utilization - The phosphate flotation recovery rate has exceeded 95%, and the tailings grade has been reduced to below 6%, enhancing resource utilization capabilities [1] - The company has established a research institute to integrate internal R&D resources, focusing on efficient development of phosphate resources and cost reduction in fertilizer production [2]

Core Viewpoint - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025, discussing operational results and financial metrics with investors, while addressing key concerns regarding fertilizer export policies, resource supply, and market conditions [1][2]. Group 1: Fertilizer Export Policies and Market Conditions - The company actively supports national fertilizer supply and price stabilization policies, ensuring domestic demand is met while maintaining stable phosphate prices, with over 2.3 million tons of diammonium phosphate supplied domestically for the winter-spring season, accounting for approximately 30% of domestic agricultural needs [2][3]. - The international phosphate market remains favorable, with higher prices compared to domestic levels, and the company is balancing domestic and international market demands to enhance overall profitability [2][3]. Group 2: Phosphate Resource Supply and Production Capacity - The company has sufficient phosphate mining resources to meet its production needs, reducing external sales while investing in flotation processing technology to enhance resource utilization [3][4]. - New projects, including a 2 million tons/year mining project and a 4.5 million tons/year flotation project, are underway to strengthen the phosphate supply chain and improve production efficiency [3][4]. Group 3: Sulfur Price Impact and Response - Sulfur prices have significantly increased compared to the previous year, impacting production costs for phosphate fertilizers; however, the company has implemented strategic inventory management and long-term contracts to mitigate these effects [5][6]. - The company maintains a competitive advantage in sulfur procurement, with current inventory costs significantly lower than market prices [5][6]. Group 4: Financial Structure and Performance - The company has optimized its financial structure, reducing interest-bearing liabilities to approximately 16 billion yuan, a decrease of over 3.8 billion yuan from the beginning of the year, with an asset-liability ratio of 52.26% [10]. - The projected revenue for 2025 is expected to decline compared to 2024 due to a strategic reduction in soybean trading activities, aimed at improving overall financial metrics [10]. Group 5: Dividend Policy and Market Value Management - The company has committed to a cash dividend ratio of no less than 45% of net profit for the years 2024 to 2026, with a proposed dividend of 1.4 yuan per share for 2024, totaling 2.552 billion yuan [10]. - A new market value management system has been established, incorporating market performance into managerial evaluations to enhance investor communication and maintain high dividend levels [11]. Group 6: Product Sales and Future Growth - In the first quarter, the company reported significant sales growth across its main products, with ammonium phosphate up 7.6%, compound fertilizers up 23.8%, and urea up 22.9%, attributed to effective market management and production strategies [12][14]. - Future growth will be driven by maintaining high production efficiency, optimizing procurement, and expanding into high-value fertilizers and fine phosphate chemicals [14][16]. Group 7: Industry Outlook - The phosphate fertilizer market is expected to remain in a tight balance, with increasing demand driven by global population growth and domestic food security strategies [16]. - The industry is characterized by limited new capacity additions and stringent environmental regulations, which are likely to sustain high market prices and profitability for established producers [16].

证券代码：600096 证券简称：云天化 公告编号：临 2025-042 云南云天化股份有限公司 关于 2024 年度暨 2025 年第一季度业绩说明会召开情 况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 云南云天化股份有限公司（以下简称"公司"）于 2025 年 5 月 21 日（星期三）15:00-16:30 在上海证券交易所上证路演中心 （http://roadshow.sseinfo.com），通过现场直播和网络文字互动的方 式召开了 2024 年度暨 2025 年第一季度业绩说明会。2025 年 5 月 14 日，公司已在上海证券交易所网站（www.see.com.cn）披露了《关于 召开 2024 年度暨 2025 年第一季度业绩说明会的公告》（详见公司公 告：临 2025-039），现将此次业绩说明会召开的有关情况公告如下： 一、说明会基本情况 2025 年 5 月 21 日，公司党委书记、董事长崔周全先生，党委副 书记、董事、总经理王宗勇先生，董事、副总经理、财务总监钟德红 先生，副总经理、董事会秘 ...

Core Points - The company announced a cash dividend of 1.40 CNY per share (including tax) for its A shares [1] - The dividend distribution plan was approved at the annual shareholders' meeting on April 15, 2025 [1] - The total cash dividend distribution amounts to approximately 2.55 billion CNY (including tax) [1] Dividend Distribution Details - The record date for the dividend is May 21, 2025, with the ex-dividend date and cash dividend payment date both on May 22, 2025 [2] - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the record date [1][2] - The company will not distribute dividends for shares held in the stock repurchase account [1] Taxation Information - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of 1.40 CNY per share [4] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, leading to an actual cash dividend of 1.26 CNY per share after tax [5] - Other institutional investors and corporate shareholders will not have tax withheld by the company, receiving the full cash dividend of 1.40 CNY per share (including tax) [5]

云南云天化股份有限公司2024年年度权益 分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例： A 股每股现金红利1.40元（含税）。 证券代码：600096 证券简称：云天化 公告编号：临 2025-041 2. 分派对象 截至股权登记日下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中国结算上海分公司"）登记 在册的本公司全体股东。公司股票回购专用账户所持有的公司股份不 参与本次利润分配。 3. 差异化分红送转方案 （1）差异化分红方案 相关日期： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | A 股 | 2025/5/21 | － | 2025/5/22 | 2025/5/22 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 15日的2024年年度股东大会 审议通过。 二、 分配方 ...

北京德恒（昆明）律师事务所 关于云南云天化股份有限公司 差异化分红事项的 法律意见 北京德恒（昆明）律师事务所 Beijing DeHeng Law Offices (KunMing) 云南省昆明市西山区西园路 126 号"融城优郡"B5 幢 3、4 层 电话（传真): 0871-63172192 邮编: 650032 北京德恒(昆明)律师事务所 关于云南云天化股份有限公司差异化分红事项的法律意见 北京德恒（昆明）律师事务所 德恒 21G20250003 号 致:云南云天化股份有限公司 本所接受云南云天化股份有限公司(以下简称"公司"或"云天化")的委 托,根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国 证券法》(以下简称"《证券法》")、《上海证券交易所股票上市规则》《上海证券 交易所上市公司自律监管指引第 7 号—回购股份》(以下简称"《回购指引》")等 法律、法规、规范性文件以及《云南云天化股份有限公司章程》(以下简称"《公 司章程》")的规定,按照律师行业公认的业务标准、道德规范和勤勉尽责精神, 出具本法律意见。 关于云南云天化股份有限公司 差异化分红事项的 法律意见 2. ...

证券代码：600096 证券简称：云天化 公告编号：临 2025-040 云南云天化股份有限公司 关于参加云南辖区上市公司 2024 年度投资者 网上集体接待日活动的公告 为进一步加强与投资者的互动交流，云南云天化股份有限公司 （以下简称"公司"）将参加由云南证监局指导，云南省上市公司协 会与深圳市全景网络有限公司联合举办的"2024 年度云南辖区上市 公司投资者网上集体接待日"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（https://rs.p5w.net），或关注微信公众号：全景财经，或下载全 景路演 APP，参与本次互动交流，活动时间为 2025 年 5 月 16 日（周 五）16:00-17:00。届时公司高管将在线就公司 2024 年度业绩、公司 治理、发展战略、经营状况、可持续发展等投资者关心的问题，与投 资者进行沟通与交流，欢迎广大投资者踊跃参与。 特此公告。 云南云天化股份有限公司 董事会 2025 年 5 月 14 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责 ...

云南云天化股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 5 月 21 日（星期三）15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 证券代码：600096 证券简称：云天化 公告编号：临 2025-039 三、参加人员 董事长：崔周全先生； 投资者可于 2025 年 5 月 14 日（星期三）至 5 月 20 日（星期 二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zqb@yth.cn 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 云南云天化股份有限公司（以下简称"公司"）已于 2025 年 3 月 25 日发布公司 2024 年度报告，于 2025 年 4 月 30 日发布了公司 2025 年第一季度报告。为便于广大投 ...

Core Viewpoint - The China Securities Index for Small and Medium-sized State-owned Enterprise Reform has shown a mixed performance, with a recent increase but a decline over the year, reflecting the overall state of state-owned enterprise reforms in China [2][3]. Group 1: Index Performance - The China Securities Index for Small and Medium-sized State-owned Enterprise Reform (Index Code: 930611) opened high and closed at 1969.09 points [1]. - Over the past month, the index has increased by 3.05%, but it has decreased by 0.97% over the last three months and by 3.47% year-to-date [2]. Group 2: Index Composition - The index includes all small and medium-sized listed companies undergoing or planning state-owned enterprise reforms, prioritized by their significance in reflecting the overall performance of the reform theme [2]. - The top ten weighted companies in the index are: Yuntianhua (3.32%), Jianghuai Automobile (3.27%), China Great Wall (2.97%), Huagong Technology (2.92%), Goldwind Technology (2.90%), China Rare Earth (2.77%), Western Superconducting (2.58%), AVIC High-tech (2.31%), Siwei Technology (2.29%), and Shanghai Beiling (2.25%) [2]. Group 3: Market and Sector Breakdown - The index's holdings are primarily from the Shanghai Stock Exchange (54.08%) and the Shenzhen Stock Exchange (45.92%) [2]. - In terms of industry composition, the index shows: Industrial sector (43.16%), Materials (18.28%), Information Technology (17.20%), Consumer Staples (5.79%), Consumer Discretionary (4.28%), Utilities (4.25%), Real Estate (2.71%), Healthcare (2.60%), and Communication Services (1.73%) [3]. Group 4: Sample Adjustment - The index samples are adjusted quarterly, with adjustments occurring in the second Friday of March, June, September, and December [3]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3].