Core Viewpoint - Hubei Yihua announced the investment in a new phosphate fertilizer project to address industry competition and promote the upgrade of the phosphate chemical industry, aligning with the "Yangtze River Protection" policy [2] Group 1: Company Actions - Hubei Yihua is utilizing its wholly-owned subsidiary, Hubei Yihua Chuxing Ecological Technology Co., Ltd., to implement a project that will utilize 400,000 tons/year of diammonium phosphate capacity acquired from Chuxing Company [2] - The company is investing in a project in the Hubei Yidu Chemical Park, which will produce 400,000 tons of ammonium phosphate and 200,000 tons of sulfur-based compound fertilizer annually [2] - As of the announcement date, the first phase of the ammonium phosphate project has completed the construction of several facilities, including an 800,000 tons/year sulfuric acid unit and a 350,000 tons/year wet-process phosphoric acid unit, which have recently commenced production [2] Group 2: Financial Overview - For the year 2024, Hubei Yihua's revenue composition is projected to be 45.11% from chemical fertilizer manufacturing, 44.05% from chemical products, and 10.84% from other industries [2]