BATIAN(SZ:002170) Ge Long Hui A P P·2025-09-12 07:24Core Viewpoint - The report from Huaxin Securities highlights that Batian Co., Ltd. achieved a net profit attributable to shareholders of 456 million yuan in the first half of the year, representing a year-on-year increase of 203.71% [1] Financial Performance - In Q2 2025, the company recorded a net profit attributable to shareholders of 285 million yuan, which is a year-on-year increase of 192.98% and a quarter-on-quarter increase of 67.26% [1] - The phosphate rock segment contributed 998 million yuan in revenue during the first half of the year, a significant increase of 455.79% compared to 180 million yuan in the same period last year [1] - The net cash flow from operating activities for the company in the first half of the year was 754 million yuan, up 224.05% year-on-year, primarily due to a substantial increase in sales [1] Resource Development - The Xiaogaozhai phosphate mine has commenced production, which not only meets the company's integrated production needs but also delivers substantial performance results [1] - The current production capacity of the Xiaogaozhai phosphate mine is 2 million tons, with plans for expansion to 2.9 million tons, which has completed the full production design and is currently under review [1] - The expansion will further enhance the company's resource moat and profitability [1] Investment Rating - The company has been given a "Buy" investment rating based on its strong financial performance and growth prospects [1]