YYTH(SH:600096) Shang Hai Zheng Quan Bao·2025-11-10 20:29Core Viewpoint - The company held a performance briefing on November 7, 2025, to discuss its operational results and financial status for the first three quarters of 2025, addressing investor inquiries and concerns [1] Group 1: Performance and Financial Status - The company reported a significant focus on its core business, leading to an increase in the gross profit margin after reducing the scale of its trading business, which had lower margins [5] - The company has a current production capacity of 100,000 tons per year for iron phosphate and is planning to expand its layout in the new energy materials sector based on its resources and market conditions [4] Group 2: Raw Material Supply and Costs - The company does not have its own sulfur production capacity and plans to procure approximately 2 million tons of sulfur in 2024, utilizing long-term supply agreements to stabilize supply amid price fluctuations [2] - The rising sulfur prices have increased production costs for phosphate fertilizers, but the company is implementing strategies to optimize procurement and maintain cost advantages [6] Group 3: Mining Rights and Future Plans - The company has successfully obtained exploration rights for the Zhenxiong phosphate mine and is progressing towards acquiring mining rights, while it does not have involvement in the Xiaoshijiao lithium mine [2][4] - The company plans to adhere to a cash dividend policy, distributing at least 45% of the cumulative distributable profits over the three years from 2024 to 2026 [2]