Core Viewpoint - Yunnan Yuntianhua Co., Ltd. announced that its subsidiary, Yunnan Yuntianhua Phosphate New Materials Co., Ltd., has completed the mining rights certification for the Wanchang Phosphate Mine in Zhenxiong County, Yunnan Province, which is expected to enhance the company's competitive advantage in the phosphate chemical industry [2] Group 1 - The resource amount of the Wanchang Phosphate Mine is reported to be 2.438 billion tons with an average grade of 22.54% [2] - Yuntianhua holds a 35% stake in Yunnan Yuntianhua Phosphate New Materials, while Yuntianhua Group, the controlling shareholder, holds 55% [2] - Yuntianhua Group has committed to injecting control of Yunnan Yuntianhua Phosphate New Materials into the listed company within three years after obtaining the mining license [2] Group 2 - Following the acquisition of the mining rights, Yunnan Yuntianhua Phosphate New Materials plans to leverage local resource advantages to establish a phosphate-based new materials industrial park [2] - The company aims to utilize phosphate resources efficiently and effectively, enhancing its core competitiveness and promoting sustainable long-term development [2]

转自：新华财经 近日，云南云天化石化有限公司荣获中国质量认证中心颁发的2025年"CQC合规筑基·笃行奖"，并受邀 参加合规管理交流会，同时做经验交流分享。 云天化石化自2024年2月被云南省国资委列为省属企业合规管理体系建设重要子企业以来，紧紧围绕省 国资委关于开展"合规管理强化年""合规管理提升年"建设工作部署，强化纪检、审计、合规、法务、风 控协同，推动公司合规体系从"专项合规"向"全面合规"转变，从"被动合规"向"主动合规"迈进，从"形式 合规"向"实质合规"深化，依法治企水平与合规护航能力得到持续提升，进一步筑牢了云天化石化高质 量发展的法治基础。 接下来，云天化石化将秉承云天化集团"打造具有全球影响力的绿色产业集团"使命，以"聚力云天 领航 石化"文化品牌为牵引，坚持"规范管理，卓越运营"的合规理念，聚焦公司"1234"发展战略和"新蓝 海"战略，深化落实"全员参与、全域覆盖、全程管控、全面提升"的合规管理方针，不断健全新业态、 新模式合规管理机制，慎终如始，久久为功，持续夯实卓越运营能力，笃定前行在"十五五"期间取得更 加优异的成绩。（李明） 编辑：穆皓 中国质量认证中心（CQC）是国务院国资委 ...

证券代码：600096 证券简称：云天化 公告编号：临 2025-086 云南云天化股份有限公司 2025年第八次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 12 月 26 日 (二) 股东会召开的地点：公司总部会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持 有股份情况： | | | | 1. | 出席会议的股东和代理人人数 | 927 | | --- | --- | --- | | 2. | 出席会议的股东所持有表决权的股份总数（股） | 839,111,046 | | 3. | 出席会议的股东所持有表决权股份数占公司有表决权股份总数 | 46.0293 | | 的比例（%） | | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股 东会主持情况等。 本次股东会由公司董事会召集，现场会议由董事长宋立强先生主 持，会议采取现场投票和网络投票相结合的方式。会议的召 ...

北京德恒（昆明）律师事务所 关于云南云天化股份有限公司 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 2 2 - 关于云南云天化股份有限公司 2025年第八次临时股东会的法律意见 北京德恒(昆明)律师事务所 关于云南云天化股份有限公司 2025 年第八次临时股东会的 法律意见 北京德恒(昆明)律师事务所 Beijing DeHeng Law Offices (KunMing) 2025年第八次临时股东会的 法律意见 云南云天化股份有限公司: 北京德恒(昆明)律师事务所(下称"本所")作为公司的常年法律顾问, 本次指派刘书含律师、杨敏律师出席公司 2025年第八次临时股东会(以下简称 "本次股东会"),并按照律师行业公认的业务标准、道德规范及勤勉尽责精神, 对公司提供的与本次股东会有关的文件资料进行了审查,现根据《公司法》《证 券法》《上市公司股东会规则》及公司《章程》的规定,就公司本次股东会的相 关事项出具如下法律意见: 一、关于本次股东会的召集和召开程序 根据公司提供的有关资料及公开披露的信 ...

Market Overview - The Shanghai Composite Index rose by 0.10% on December 26, with 19 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and electric equipment, with increases of 3.69% and 1.40% respectively. The basic chemical industry saw a rise of 0.60%. Conversely, the electronic and light industry sectors faced declines of 0.71% and 0.61% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 23.28 billion yuan across the two markets. Eight sectors recorded net inflows, with the electric equipment sector leading at a net inflow of 8.56 billion yuan, followed by the non-ferrous metals sector with a net inflow of 3.81 billion yuan [1] - In contrast, 23 sectors experienced net outflows, with the electronic sector seeing the largest outflow of 11.67 billion yuan, followed by the communication sector with a net outflow of 5.51 billion yuan. Other sectors with significant outflows included machinery, pharmaceuticals, and automotive [1] Basic Chemical Industry Performance - The basic chemical industry increased by 0.60%, with a total net inflow of 519 million yuan. Out of 406 stocks in this sector, 153 stocks rose, including 8 that hit the daily limit. However, 240 stocks declined. The top three stocks with the highest net inflow were Duofluoride, Yongtai Technology, and Fusheng Technology, with net inflows of 1.15 billion yuan, 618 million yuan, and 285 million yuan respectively [2] - The outflow list for the basic chemical industry included Dongcai Technology, Guofeng New Materials, and Kaimete Gas, with net outflows of 241 million yuan, 163 million yuan, and 163 million yuan respectively [4]

Investment Rating - The investment rating for the company is "Outperform the Market" [2][29] Core Views - The company has secured mining rights for a significant phosphate resource, enhancing its competitive edge and cost structure [3][5] - The phosphate resource acquired is one of the few large, high-quality phosphate mines in China, with a resource volume of approximately 2.438 billion tons and an average grade of 22.54% [3][6] - The demand for phosphate rock is expected to rise due to its scarcity and the increasing need for energy storage and power batteries [8][9] Summary by Sections Company Overview - Yuntianhua's subsidiary, Yunnan Yuntianhua Phosphate New Materials Co., Ltd., obtained mining rights for the Zhenxiong phosphate mine, covering an area of 23.1564 square kilometers with a mining period until December 2040 [3][5] - The company currently holds a 35% stake in the subsidiary, with plans for control to be transferred to the listed company within three years [3][5] Financial Projections - The projected net profit for the company from 2025 to 2027 is estimated at 5.523 billion, 5.574 billion, and 5.709 billion yuan, respectively, with corresponding EPS of 3.01, 3.04, and 3.11 yuan [4][29] - The current price-to-earnings ratio (PE) is projected to be 10.5, 10.4, and 10.1 for the years 2025 to 2027 [4][29] Industry Insights - The phosphate rock supply in China is tightening due to environmental regulations and the depletion of high-grade resources, leading to a long-term high price expectation for phosphate rock [8][9][13] - The consumption structure of phosphate rock is evolving, with traditional agricultural demand decreasing while demand from new energy materials is rapidly increasing [11][23] - The company is well-positioned to benefit from the growing demand for high-grade phosphate rock in the energy storage and battery sectors, particularly for lithium iron phosphate batteries [25][28]

Group 1 - The article presents the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of December 25, 2025 [1][5] - The top performer, Xin'ao Co., Ltd. (603888.SH), recorded a daily increase of 3.78% and a year-to-date increase of 19.40%, with a dividend yield of 3.91% [1][5] - De'ye Co., Ltd. (605117.SH) showed a significant year-to-date increase of 55.09%, with a daily increase of 3.58% and a dividend yield of 3.41% [1][5] Group 2 - The list includes companies with varying year-to-date performances, such as Lurui Co., Ltd. (002083.SZ) with a remarkable increase of 145.17% despite a daily increase of only 2.02% [1][5] - Other notable mentions include Tianshan Aluminum Industry (002532.SZ) with a year-to-date increase of 97.57% and Jiangsu Jinzu (600901.SH) with a dividend yield of 6.57% [1][5] - The data indicates a mix of performance across different sectors, highlighting investment opportunities in dividend-paying stocks [1][5]

Market Overview - The agricultural chemical sector increased by 0.44% on December 25, with Yangnong Chemical leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Stock Performance - Yangnong Chemical (600486) closed at 67.98, up 3.00% with a trading volume of 47,000 shares and a transaction value of 317 million [1] - Other notable gainers include: - ST Huifeng (002496) up 2.91% to 1.77 with a volume of 135,300 shares [1] - Hualu Hengsheng (600426) up 2.70% to 31.62 with a volume of 172,400 shares [1] - Yuntianhua (600096) up 2.47% to 31.55 with a volume of 581,700 shares [1] Capital Flow - The agricultural chemical sector experienced a net outflow of 39.34 million from institutional investors and 39.29 million from retail investors, while retail investors saw a net inflow of 78.63 million [2] - The capital flow for key stocks includes: - Yuntianhua had a net inflow of 239 million from institutional investors but a net outflow of 39.89 million from retail investors [3] - Hualu Hengsheng saw a net inflow of 63.32 million from institutional investors [3] - Yangnong Chemical had a net inflow of 13.74 million from institutional investors [3]

证券代码：600096 证券简称：云天化 公告编号：临2025-085 云南云天化股份有限公司 取得采矿权证后，聚磷新材将结合当地丰富的资源禀赋，打造磷基新材料产业园区，充分发挥公司在磷 化工资源、技术、产业链等环节的竞争优势，实现磷资源高值高效利用，持续推动规模提升和产业结构 一、《不动产权证书（采矿权）》主要信息 （一）证号：DC5300002025126200000018 （二）矿山名称：云南云天化聚磷新材料有限公司碗厂磷矿 （三）矿山地址：昭通市镇雄县 （四）面积：23.1564平方公里 （五）开采深度：1,836.8米至450米 （六）开采矿种：主矿种为磷矿，共伴生矿种为氟 （七）权利期限：2025年12月19日至2040年12月18日 二、《采矿许可证》主要信息 （一）证号：XC5300002025126200000018 （二）采矿权人：云南云天化聚磷新材料有限公司 （三）矿山名称：云南云天化聚磷新材料有限公司碗厂磷矿 （四）矿山地址：昭通市镇雄县 （五）开采矿种：磷矿、氟 （六）开采方式：地下 （七）矿区面积：23.1564平方公里 （八）权利期限：2025年12月19日至2040年12月18 ...

二、《采矿许可证》主要信息 1 （一）证号：DC5300002025126200000018 （二）矿山名称：云南云天化聚磷新材料有限公司碗厂磷矿 （三）矿山地址：昭通市镇雄县 （四）面积：23.1564平方公里 （五）开采深度：1,836.8米至450米 （六）开采矿种：主矿种为磷矿，共伴生矿种为氟 （七）权利期限：2025年12月19日至2040年12月18日 （一）证号：XC5300002025126200000018 （二）采矿权人：云南云天化聚磷新材料有限公司 （三）矿山名称：云南云天化聚磷新材料有限公司碗厂磷矿 （四）矿山地址：昭通市镇雄县 （五）开采矿种：磷矿、氟 （六）开采方式：地下 （七）矿区面积：23.1564平方公里 证券代码：600096 证券简称：云天化 公告编号：临 2025-085 云南云天化股份有限公司 关于参股公司取得磷矿不动产权证书（采矿权）与 采矿许可证的公告 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。 公司参股子公司云南云天化聚磷新材料有限公司（以下简称"聚 磷新材"）于近日完成云南 ...