证券代码：002539 证券简称：云图控股 成都云图控股股份有限公司 投资者关系活动记录表 编号：2025-009 投资者关系活 动类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 活动参与人员 银河证券、山西证券、华安基金人员 上市公司接待 人员姓名 董事会秘书 陈银 时间 2025 年 7 月 2 日下午 15:00—17:00 地点 云图控股会议室 形式 现场调研 交流内容及具 体问答记录 1、公司复合肥的产能分布和渠道情况如何？ 答：（1）产能方面，公司以"靠近资源、靠近市场"为原则，不断完 善全国产能布局，目前生产基地覆盖湖北应城、湖北荆州、湖北宜城、 山东平原、河南宁陵、四川眉山、辽宁铁岭、黑龙江肇东、黑龙江佳木 斯、新疆昌吉等地区，并在马来西亚设有生产基地。近期，公司还在新 疆阿克苏投资新设公司，布局新型肥料项目。公司现有复合肥年产能 755 万吨，在建产能 130 万吨。未来随着产能释放，公司复合肥的规模 优势将更加突出，支撑主业长期稳定发展。 （2）渠道方面，公司营销网络遍布全国，目前拥有一级经销商近 6,000 家、镇村级零售终端网点 ...

Financial Performance - In Q1 2025, the company achieved revenue of 5.712 billion yuan, a year-on-year increase of 15.28% [1] - Net profit attributable to shareholders was 254 million yuan, up 18.99% year-on-year [1] - Net profit excluding non-recurring gains and losses reached 250 million yuan, reflecting a significant growth of 61.44% [1] - Basic earnings per share were 0.21 yuan, an increase of 16.67% compared to the previous year [1] Industry Chain Development - The nitrogen industry chain includes a 700,000-ton ammonia project in the Yicheng base, which has completed structural construction and is now in the equipment installation phase [2] - The company is developing a project in Guangxi with a planned capacity of 1.2 million tons of high-efficiency compound fertilizer, 2 million tons of ammonia, and 3 million tons of urea [2] - The phosphorus industry chain includes a 2.9 million tons/year mining project in Leibo, which commenced construction in March 2025 [2] Market Outlook - The demand for fertilizers in regions like Guangxi, Hainan, and Southeast Asia is continuously growing, with the Guangxi project expected to fill capacity gaps in South China [3] - The company aims to enhance its complete nitrogen fertilizer chain and the new energy material chain, thereby optimizing its industry structure and expanding its scale [3] Future Growth Potential - The company is optimistic about the future of the compound fertilizer industry, anticipating a market reshuffle as smaller firms exit due to stricter regulations and raw material price fluctuations [4] - The demand for monoammonium phosphate is expected to grow, driven by national policies and the rapid development of the electric vehicle market [4] Sales and Product Development - In Q1 2025, the company achieved record sales of compound fertilizers, benefiting from cost advantages and strong marketing efforts [4] - The company is focusing on developing new types of fertilizers, including high-efficiency compound fertilizers and various nutrient-enhanced products [4] Project Progress - The Guangxi project is in the preparatory stage, with approvals underway for environmental and safety assessments [7] - The Leibo phosphorus mining project is being expedited, with plans to prioritize internal supply for yellow phosphorus production [7] Strategic Advantages - The company's future performance growth is expected to stem from its complete nitrogen and phosphorus industry chain, which provides resource ownership, industrial synergy, and cost advantages [9]