Core Viewpoint - The report details the equity changes of Yaqi International Investment (Guangzhou) Co., Ltd., highlighting the increase in shareholding by Huineng Holding Group Co., Ltd. and the implications for corporate governance and control [1][2][3]. Group 1: Equity Changes - Huineng Group acquired 46,202,560 shares, representing 5% of the total share capital, making it the largest shareholder of Yaqi International [5]. - The report indicates that the actual controller of Huineng Group is Guo Jinshu, who holds 28.99% of the shares directly, while another entity, Ordos Huayuan Jiaxin Trading Co., Ltd., holds 29.53% of the shares [6][8]. Group 2: Corporate Governance - The information disclosure obligor will maintain active communication with other shareholders to optimize corporate governance and may adjust the board composition to strengthen its control over the listed company [2][3]. - The report emphasizes compliance with relevant laws and regulations in any future strategic decisions regarding the company [2][3]. Group 3: Financial Overview - Huineng Group's main business includes coal mining and mineral resource exploration, with significant financial data reported for the years 2021, 2022, and 2023 [19].

证券代码：000893 证券简称：亚钾国际 公告编号：2025-033 《简式权益变动报告书（中农集团）》。 二、 本次权益变动的进展情况 公司于今日收到汇能集团的通知，获悉其对前序已披露的详式权益变动报告 书中的内容进行了修订，主要如下： "郭建军先生已将其持有的北京华源佳信投资有限公司 98%股权转让给邢红 霞女士，并完成工商变更手续；郭建军先生已辞去汇能集团董事、副总经理职务， 不再直接或间接持有汇能集团股权，同时也不参与汇能集团决策和整体战略经营 管理。另外，鄂尔多斯市华源佳信商贸有限责任公司持有汇能集团 29.53%股权， 其董事已变更为郭金树先生，鄂尔多斯市华源佳信商贸有限责任公司持有的汇能 集团股权对应的表决权委托给郭金树先生行使三年，汇能集团在鄂尔多斯市华源 佳信商贸有限责任公司委托表决权期间的控股股东、实际控制人为郭金树先生。" 亚钾国际投资（广州）股份有限公司 持股 5%以上股东汇能控股集团有限公司保证向本公司提供的信息真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、 本次权益变动的基本情况 亚钾国际投资（广州）股份有限公司（以下简称"公司"）持股 5%以上股东 中国农业生产 ...

二、 本次权益变动的进展情况 公司于今日收到汇能集团的通知，获悉其对前序已披露的详式权益变动报告 书中的内容进行了修订，主要如下： "郭建军先生已将其持有的北京华源佳信投资有限公司 98%股权转让给邢红 霞女士，并完成工商变更手续；郭建军先生已辞去汇能集团董事、副总经理职务， 不再直接或间接持有汇能集团股权，同时也不参与汇能集团决策和整体战略经营 管理。另外，鄂尔多斯市华源佳信商贸有限责任公司持有汇能集团 29.53%股权， 其董事已变更为郭金树先生，鄂尔多斯市华源佳信商贸有限责任公司持有的汇能 集团股权对应的表决权委托给郭金树先生行使三年，汇能集团在鄂尔多斯市华源 佳信商贸有限责任公司委托表决权期间的控股股东、实际控制人为郭金树先生。" 证券代码：000893 证券简称：亚钾国际 公告编号：2025-033 亚钾国际投资（广州）股份有限公司 关于第一大股东拟发生变更暨权益变动的进展公告 持股 5%以上股东汇能控股集团有限公司保证向本公司提供的信息真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、 本次权益变动的基本情况 亚钾国际投资（广州）股份有限公司（以下简称"公司"）持股 5%以上股东 中国 ...

亚钾国际投资（广州）股份有限公司 详式权益变动报告书 （修订稿） 上市公司：亚钾国际投资（广州）股份有限公司 上市地点：深圳证券交易所 亚钾国际投资（广州）股份有限公司 详式权益变动报告书 股票简称：亚钾国际 股票代码：000893.SZ 信息披露义务人：汇能控股集团有限公司 住所/通讯地址：内蒙古自治区鄂尔多斯市东胜区鄂尔多斯西街 63 号 股份变动性质：股份数量增加 签署日期：二〇二五年七月 亚钾国际投资（广州）股份有限公司 详式权益变动报告书 修订声明 截至本报告书签署日，郭建军先生已将其持有的北京华源佳信投资有限公司 98%股权转让给邢红霞女士，并完成工商变更手续；郭建军先生已辞去汇能集团 董事、副总经理职务，不再直接或间接持有汇能集团股权，同时也不参与汇能集 团决策和整体战略经营管理。另外，鄂尔多斯市华源佳信商贸有限责任公司持有 汇能集团 29.53%股权，其董事已变更为郭金树先生，鄂尔多斯市华源佳信商贸 有限责任公司持有的汇能集团股权对应的表决权委托给郭金树先生行使三年，汇 能集团在鄂尔多斯市华源佳信商贸有限责任公司委托表决权期间的控股股东、实 际控制人为郭金树先生。 除本次权益变动所涉相关协议已 ...

Investment Rating - The report rates the industry as "Positive" [6] Core Insights - Potassium is one of the three essential nutrients for crop growth, often referred to as "the grain of food" [2] - The global potassium fertilizer market is projected to reach USD 28.12 billion in 2024, with a compound annual growth rate (CAGR) of 3.9% expected until 2033 [27] - The supply of potassium is dominated by a few major players, leading to a clear oligopoly in the industry [2][44] Industry Overview - Potassium is essential for crop growth, with a market size exceeding USD 100 billion [15] - The potassium resource is divided into solid potassium ores and potassium brine, with solid potassium ores being the majority [28] - Global potassium resources are unevenly distributed, with China holding only 4% of the world's reserves, leading to significant reliance on imports [2][53] Demand Analysis - Global potassium fertilizer demand is expected to grow steadily due to population increases, with an average annual growth rate of 2.67% projected from 2024 to 2030 [3] - Key regions driving demand include China, Southeast Asia, and Brazil, with specific agricultural practices increasing potassium usage [3][18] - By 2030, global potassium fertilizer demand is anticipated to reach 85.2 million tons [3] Supply Analysis - Capital expenditures for greenfield potassium projects are substantial, with development cycles typically ranging from 7 to 10 years [4] - Major projects, such as BHP's Jansen project, are expected to significantly increase global potassium production capacity [4][20] - If current projects are completed on schedule, global potassium production could reach 90.9 million tons by 2030, with a CAGR of 2.35% from 2024 to 2030 [4] Price Trends - Short-term price trends for potassium fertilizers are expected to be strong, influenced by supply constraints and high demand in key markets [5] - The price of potassium fertilizers is projected to face upward pressure until 2026, after which it may stabilize as new projects come online [5][26] - The long-term price will be supported by marginal costs, despite potential oversupply in the future [5]

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [7][10]. Core Views - The agricultural chemical industry is expected to benefit from rising prices of potassium fertilizer and glyphosate, with supply constraints for the insecticide "Kangkuan" [2][5]. - The potassium fertilizer market is characterized by tight supply and demand, with a significant reliance on imports, which is projected to increase due to food security concerns [2][27]. - The phosphoric chemical sector is anticipated to maintain high price levels due to the scarcity of phosphate rock resources and increasing demand from new applications [3][51]. Summary by Sections Potassium Fertilizer - Global potassium fertilizer prices are expected to recover as demand increases, with China being the largest consumer and heavily reliant on imports [2][27]. - Domestic production of potassium chloride is projected to decrease slightly in 2024, while imports are expected to reach a historical high [27]. - The domestic potassium chloride price is forecasted to rise by approximately 100 yuan/ton in July due to increased port prices [2][45]. Phosphoric Chemicals - The price of phosphate rock is expected to remain high due to declining grades and increasing extraction costs, with a tight supply-demand balance [3][51]. - As of June 30, 2025, the market price for 30% grade phosphate rock in Hubei is 1,040 yuan/ton, while in Yunnan it is 970 yuan/ton, both stable compared to the previous month [3][51]. - The export policy for phosphoric fertilizers emphasizes domestic priority, with reduced export quotas expected to alleviate downward pressure in the domestic market [4]. Pesticides - The supply of "Kangkuan" has been unexpectedly restricted, leading to a potential price increase for the product [5]. - Glyphosate prices have risen by 1,300 yuan/ton in June, driven by increased demand from South America as planting areas for soybeans and corn expand [5][9]. - The report recommends focusing on leading companies in the glyphosate sector, such as "Xingfa Group," which has a significant production capacity [9]. Key Company Recommendations - The report recommends "Yaji International" for potassium fertilizer, projecting production of 2.8 million tons in 2025 and 4 million tons in 2026 [5][49]. - For phosphoric chemicals, "Yuntianhua" and "Xingfa Group" are highlighted as key players due to their rich phosphate reserves [6]. - In the pesticide sector, "Xingfa Group" is recommended for its leading position in glyphosate production [9].

一、 本次股东大会的召集、召开程序 北京市君合（广州）律师事务所 关于亚钾国际投资（广州）股份有限公司 亚钾国际投资（广州）股份有限公司： 北京市君合（广州）律师事务所（以下简称"本所"）是在中华人民共和国（以下 简称"中国"，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾省）广东省司法厅注册的律师事务所。本所作为亚钾国际投资（广州） 股份有限公司（以下简称"公司"）的常年法律顾问，接受公司委托，指派本所律师出 席公司 2025 年第二次临时股东大会（以下简称"本次股东大会"），根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）等中国现行有效的法律、法规、规范性文件（以下简称"中国法律、法 规"）以及《亚钾国际投资（广州）股份有限公司章程》（以下简称"《公司章程》"）， 对本次股东大会进行见证，并出具本法律意见书。 在本法律意见书中，本所仅对本次股东大会的召集召开程序、召集人和出席会议人 员资格以及会议表决程序、表决结果是否符合《公司法》《股东会规则》等中国法律、 法规及《公司章程》的规定发表意见，并不对会议审议的议 ...

北京市君合（广州）律师事务所 关于亚钾国际投资（广州）股份有限公司 2025 年第二次临时股东大会的法律意见书 亚钾国际投资（广州）股份有限公司： 北京市君合（广州）律师事务所（以下简称"本所"）是在中华人民共和国（以下 简称"中国"，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾省）广东省司法厅注册的律师事务所。本所作为亚钾国际投资（广州） 股份有限公司（以下简称"公司"）的常年法律顾问，接受公司委托，指派本所律师出 席公司 2025 年第二次临时股东大会（以下简称"本次股东大会"），根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）等中国现行有效的法律、法规、规范性文件（以下简称"中国法律、法 规"）以及《亚钾国际投资（广州）股份有限公司章程》（以下简称"《公司章程》"）， 对本次股东大会进行见证，并出具本法律意见书。 在本法律意见书中，本所仅对本次股东大会的召集召开程序、召集人和出席会议人 员资格以及会议表决程序、表决结果是否符合《公司法》《股东会规则》等中国法律、 法规及《公司章程》的规定发表意见，并不对会议 ...

证券代码：000893 证券简称：亚钾国际 公告编号：2025-032 亚钾国际投资（广州）股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员（除董事长郭柏春先生，被实施留置）保证信息披 露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、召开时间：2025 年 7 月 7 日下午 15:00 2、召开地点：广州市天河区珠江东路 6 号广州周大福金融中心 51 楼公司大 会议室 3、召开方式：现场投票与网络投票表决相结合的方式 4、召集人：公司董事会 5、主持人：公司代行董事长刘冰燕女士主持本次会议 6、会议的出席情况： （1）出席本次会议的股东及股东授权委托代表共 183 人，代表有表决权股 份 293,382,209 股，占公司有表决权股份 790,428,368 股的 37.1169%。其中： A、出席本次股东大会现场会议的股东及股东授权委托代表共 2 人，代表有 表决权股份 219,100 股，占公司有表决权股份 790,428,3 ...

Industry Investment Rating - The industry investment rating is "Outperform" and is maintained [2] Core Views - The report highlights the need to prevent disorderly competition and encourages companies to enhance product quality while promoting the orderly exit of outdated production capacity. Focus areas include silicon materials, coal chemical, and chlor-alkali chemical sectors, with price increases expected in potassium fertilizers, phosphorus fertilizers, active dyes, and pesticides [5][6] Summary by Sections Industry Overview - The closing index for the industry is at 3518.55, with a 52-week high of 3564.08 and a low of 2687.54 [2] - The basic chemical sector experienced a weekly change of +0.80%, underperforming the CSI 300 index, which had a weekly change of +1.54% [6][19] Stock Performance - Notable stock price increases include: - Kaimete Gas: +27.46% - Kete Biology: +21.90% - Jiuri New Materials: +21.01% [7][20] - Significant stock price decreases include: - Tiansheng New Materials: -15.80% - Jinji Co.: -15.34% - Xinyaqiang: -14.41% [8][21] Commodity Price Movements - Key commodities with price increases include: - Dichloropropane-white material: +8.82% - Isobutyraldehyde: +7.20% - TDI: +7.02% [9][23] - Key commodities with price decreases include: - Liquid chlorine: -86.51% - Chick seedlings: -47.31% - Meta-cresol: -9.09% [10][26] Investment Recommendations - The report suggests focusing on opportunities in silicon materials, coal chemical, and chlor-alkali chemical sectors while monitoring price trends in fertilizers and pesticides [5][6]