Company Overview - Yunnan Yuntianhua Co., Ltd. is located in Kunming, Yunnan Province, and was established on July 2, 1997, with its listing date on July 9, 1997. The company primarily engages in the production of fertilizers, phosphate mining, and organic chemicals [1]. Business Segmentation - The revenue composition of Yunnan Yuntianhua is as follows: - Phosphate fertilizer: 27.99% - Commodity grain: 19.87% - Compound (mixed) fertilizer: 12.51% - Urea: 10.28% - Trade fertilizers: 10.03% - Others: 19.32% (including feed-grade calcium phosphate 4.14%, polyoxymethylene 2.38%, phosphate rock 1.17%, liquid ammonia 0.91%, yellow phosphorus 0.89%, coal 0.53%, phosphoric acid 0.44%, and others) [1]. Stock Performance - On September 9, Yunnan Yuntianhua's stock rose by 5.48%, reaching a price of 28.48 CNY per share, with a trading volume of 662 million CNY and a turnover rate of 1.30%. The total market capitalization is 51.919 billion CNY [1]. Fund Holdings - According to data from the top ten holdings of funds, one fund under Western Benefit holds Yunnan Yuntianhua as a significant position. The Western Benefit Ju Xing One-Year Open Mixed A Fund (010373) held 10,000 shares in the second quarter, accounting for 0.37% of the fund's net value, ranking as the third-largest holding. The estimated floating profit today is approximately 14,800 CNY [2]. Fund Performance - The Western Benefit Ju Xing One-Year Open Mixed A Fund (010373) was established on April 29, 2021, with a current scale of 44.492 million CNY. Year-to-date returns are 8.83%, ranking 5902 out of 8179 in its category; the one-year return is 17.59%, ranking 6069 out of 7984; and since inception, the return is 18.13% [2]. Fund Management - The fund manager of Western Benefit Ju Xing One-Year Open Mixed A is Yan Zhiyong, who has a tenure of 8 years and 34 days, managing assets totaling 20.081 billion CNY, with the best return during his tenure being 54.54% and the worst being -0.82%. Co-manager Ji Xu has a tenure of 257 days, managing 1.818 billion CNY, with the best return of 8.5% and the worst of 3.22% [3].

Core Viewpoint - Yun Tianhua's stock price has shown a significant increase of 28.22% year-to-date, despite a recent decline of 1.94% over the last five trading days [1] Company Overview - Yun Tianhua, established on July 2, 1997, and listed on July 9, 1997, is located in Kunming, Yunnan Province. The company primarily engages in fertilizers, phosphate mining, and organic chemicals [1] - The revenue composition includes: phosphate fertilizers (27.99%), commodity grains (19.87%), compound fertilizers (12.51%), urea (10.28%), trading fertilizers (10.03%), and other segments [1] Financial Performance - For the first half of 2025, Yun Tianhua reported a revenue of 249.92 billion yuan, a year-on-year decrease of 21.88%, and a net profit attributable to shareholders of 27.61 billion yuan, down 2.81% year-on-year [2] - The company has distributed a total of 85.25 billion yuan in dividends since its A-share listing, with 62.10 billion yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 88,500, with an average of 20,598 circulating shares per person, a decrease of 2.82% from the previous period [2] - Major shareholders include Hong Kong Central Clearing Limited, holding 230 million shares, and Southern CSI 500 ETF, holding 18.96 million shares, both showing increases in their holdings [3]

Group 1 - The company held its third temporary board meeting on September 5, 2025, with all nine directors participating in the vote [2] - The board approved the proposal to acquire a 30% stake in Yunnan Tianneng Mining Co., Ltd. through public bidding, aiming to enhance resource security [3][4] - The acquisition is part of a strategy to improve the company's coal resource self-sufficiency in Yunnan, with the mining rights covering an area of 40.24 km² and estimated resources of approximately 136 million tons [4] Group 2 - The board also approved the reappointment of Zhongshun Zhonghuan Accounting Firm as the auditor for the 2025 financial year, following a review by the audit committee [7][26] - The audit firm has a strong track record, with total revenue of approximately 2.17 billion yuan in 2024, and has audited 244 listed companies [17] - The audit fees for 2024 were set at 2.79 million yuan for financial report audits and 900,000 yuan for internal control audits, totaling 3.69 million yuan [24]

Core Viewpoint - The company plans to acquire a 30% stake in Yunnan Tianneng Mining Co., Ltd. through a public bidding process to enhance resource security and competitiveness in the coal industry [1][2]. Group 1: Board Meeting Details - The board meeting was held on September 5, 2025, with all 9 participating directors voting in favor of the acquisition proposal [1]. - The proposal to acquire the stake in Tianneng Mining was approved with 7 votes in favor, 0 against, and 0 abstentions [1]. Group 2: Acquisition Details - Tianneng Mining was established in 2007 with a registered capital of 100 million RMB, where the company holds a 70% stake and the Coal Geological Bureau holds 30% [2]. - The mining rights held by Tianneng Mining cover an area of 40.24 km² with an estimated resource reserve of approximately 136 million tons [2]. - As of November 30, 2024, Tianneng Mining reported total assets of 40.5496 million RMB and a net asset of -96.7736 million RMB, with no revenue and a net loss of 14.2224 million RMB for the first 11 months of 2024 [2]. Group 3: Financial and Operational Implications - If the acquisition is successful, Tianneng Mining will become a 30% owned subsidiary, and the company will work to convert exploration rights into mining rights to enhance coal resource self-sufficiency [3]. - The acquisition is not expected to significantly impact the company's financial status or operational results [3]. Group 4: Other Board Resolutions - The board also approved the reappointment of the accounting firm and adjustments to the company's headquarters organizational structure [4][5]. - The board approved the performance assessment results and salary disbursement for senior management for 2024, with relevant directors abstaining from voting [4][5].

Core Viewpoint - Yunnan Yuntianhua Co., Ltd. intends to reappoint Zhongshen Zhonghuan Accounting Firm as its auditor for the fiscal year 2025, emphasizing the firm's qualifications and past performance in auditing services [1][6]. Group 1: Basic Information of the Accounting Firm - The proposed accounting firm, Zhongshen Zhonghuan, was established in 1987 and is one of the first large accounting firms approved to engage in securities and financial auditing [1][2]. - As of the end of 2024, Zhongshen Zhonghuan has 216 partners and 1,304 registered accountants, with 723 having signed securities service audit reports [2]. - The total audited revenue for Zhongshen Zhonghuan in 2024 was approximately 2.17 billion yuan, with audit business revenue at about 1.83 billion yuan and securities business revenue at around 583.65 million yuan [2]. Group 2: Audit Project Information - The firm audited 244 listed companies in 2024, generating a total fee of approximately 359.62 million yuan, primarily in sectors such as manufacturing, wholesale and retail, real estate, and utilities [2]. - Zhongshen Zhonghuan has not faced any civil lawsuits in the past three years and has a cumulative professional liability insurance limit of 800 million yuan, which has not been utilized [2][3]. Group 3: Audit Committee and Board Approval - The Audit Committee reviewed Zhongshen Zhonghuan's professional competence and independence, concluding that the firm met the necessary regulatory requirements and performed diligently in the previous year [6]. - The Board of Directors unanimously approved the reappointment of Zhongshen Zhonghuan as the auditor for the fiscal year 2025, with all 9 votes in favor [6].

Core Viewpoint - The audit committee of Yunnan Yuntianhua Co., Ltd. has reviewed and approved the reappointment of Zhongshun Zhonghuan Certified Public Accountants for the 2024 financial report and internal control audit services, emphasizing the firm's professional competence and independence [1] Summary by Relevant Sections - The audit committee conducted a thorough examination of Zhongshun Zhonghuan's qualifications, investor protection capabilities, independence, and integrity [1] - The committee concluded that Zhongshun Zhonghuan meets the relevant regulations set by the China Securities Regulatory Commission for conducting securities business [1] - The decision to reappoint Zhongshun Zhonghuan aims to maintain continuity in the audit process, ensuring diligent and objective completion of audit tasks [1]

Group 1 - The company, Yuntianhua, announced on the evening of September 5 that it plans to reappoint Zhongshen Zhonghuan Accounting Firm (Special General Partnership) as the auditor for its 2025 financial report and internal control audit [2]

Group 1 - The company, Yuntianhua, announced on the evening of September 5 that its 10th Board of Directors held a temporary meeting to approve several proposals, including the acquisition of equity in Yunnan Tianneng Mining Co., Ltd. through public bidding [2] - The acquisition is categorized as a related party transaction, indicating potential implications for the company's financial and operational strategies [2] - The decision reflects the company's ongoing efforts to expand its portfolio and strengthen its position in the mining sector [2]

Group 1 - The company Yuntianhua (SH 600096) held a temporary board meeting on September 5, 2025, to discuss the adjustment of senior management's salary plan for 2025 [1] - For the first half of 2025, Yuntianhua's revenue composition was as follows: fertilizers accounted for 50.88%, trade for 32.25%, phosphate chemicals for 5.73%, others for 3.41%, and engineering materials for 2.81% [1] - As of the report date, Yuntianhua's market capitalization was 47.9 billion yuan [1]

证券代码：600096 证券简称：云天化 公告编号：临 2025-068 云南云天化股份有限公司 关于续聘会计师事务所的公告 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： 拟续聘的会计师事务所名称：中审众环会计师事务所（特殊普 通合伙）（以下简称"中审众环"） 一、拟聘任会计师事务所的基本情况 （一）机构信息 成立日期：中审众环始创于 1987 年，是全国首批取得国家批准 具有从事证券、期货相关业务资格及金融业务审计资格的大型会计师 事务所之一。根据财政部、证监会发布的从事证券服务业务会计师事 务所备案名单，本所具备股份有限公司发行股份、债券审计机构的资 格。2013 年 11 月，按照国家财政部等有关要求转制为特殊普通合伙 制。 组织形式：特殊普通合伙企业 注册地址：湖北省武汉市武昌区水果湖街道中北路 166 号长江产 业大厦 17-18 层。 首席合伙人：石文先先生。 截至 2024 年末，中审众环合伙人（股东）216 人，注册会计 师 1,304 人。签署过证券服务业务审计报告的注册会计师人数 723 ...