Xin Lang Cai Jing·2025-12-03 10:06Core Viewpoint - Yibin Tianyuan announced that its subsidiary Wuqiong Mining's phosphorus chemical plant will cease operations on December 19, 2023, and is transferring 25,000 tons/year of yellow phosphorus capacity to Hebang Biological for 185 million yuan (including tax) [1] Group 1 - The transfer of yellow phosphorus capacity is part of the company's strategy to activate idle intangible assets [1] - The contract for the transfer was signed on November 25, 2025, with Hebang Biological required to make payment within five working days of the contract's effectiveness [1] - The completion of the transfer is subject to the approval of the Ma Bian County for the exit of Wuqiong Mining's yellow phosphorus capacity, indicating some uncertainty [1] Group 2 - The transfer does not constitute a major asset restructuring and is not expected to have a significant adverse impact on the company's financial indicators [1]