云图控股：公司磷铵业务保持良好发展态势，市场竞争力不断提升

Core Viewpoint - Yuntu Holdings reported a positive outlook for its monoammonium phosphate (MAP) business, driven by strong demand from the agricultural and new energy sectors, alongside supportive raw material costs [1] Group 1: Market Performance - The MAP market has shown overall improvement this year, particularly in industrial-grade and water-soluble MAP products, which have maintained high price levels [1] - The company's MAP products have experienced both volume and price increases, with gross profit margins for water-soluble and industrial-grade MAP rising year-on-year [1] Group 2: Competitive Advantages - The company benefits from three main competitive advantages: 1. Technical Advantage: Yuntu Holdings has leading technology in phosphate classification, ensuring efficient utilization and stable supply of phosphoric acid, while controlling product purity and adjusting product structure based on market demand [1] 2. Industry Chain Advantage: The company possesses abundant phosphate resources and has established a complete phosphate classification utilization industry chain, which effectively reduces overall costs and energy consumption [1] 3. Product and Service Advantage: High-quality products and stable supply capabilities have allowed the company to successfully expand its customer base in the new energy sector, optimizing its customer structure for sustained business growth [1]