Group 1 - The company has approved an investment to acquire a 49% stake in Sichuan Mabianshenglong Mining Co., Ltd. to enhance its phosphate resource reserves and supply capacity [2] - The company will collaborate with Mabianshenglong Mining to develop the Erba Phosphate Lead-Zinc Mine located in Leshan, Sichuan [2] - The mining rights for the Erba Mine have been successfully transferred to Mabianshenglong Mining, which has completed the registration process and obtained the mining rights certificate [3] Group 2 - The Erba Mine covers an area of 3.0486 square kilometers and has a mining depth ranging from 1,375 meters to 800 meters, with a mining rights period from November 24, 2025, to December 28, 2040 [4] - The acquisition of the Erba Mine's mining rights is a significant step for the company in integrating phosphate resources and strengthening its upstream phosphate industry chain [4] - Once operational, the Erba Mine will complement the company's existing phosphate operations in Sichuan, enhancing the production of high-quality phosphate products and improving resource utilization [4]

Core Viewpoint - The company, Yuntu Holdings, has approved a capital increase to acquire a 49% stake in Sichuan Mabianshenglong Mining Co., Ltd., aiming to enhance its phosphate resource reserves and supply capacity, thereby strengthening its phosphate industry chain advantage [1] Group 1: Investment and Resource Acquisition - The company will collaborate with Shenglong Mining to develop the Erba Phosphate-Lead-Zinc Mine located in Mabiang Yi Autonomous County, Leshan, Sichuan [1] - Shenglong Mining successfully acquired the mining rights and related assets of the Erba Phosphate Mine through judicial auction on September 16, 2025 [1] - The transfer of mining rights for the Erba Phosphate Mine has been completed, and the company has received the mining rights certificate from the Sichuan Provincial Natural Resources Department [1] Group 2: Strategic Benefits - The acquisition of the Erba Phosphate Mine is a significant step for the company in integrating phosphate resources and strengthening its upstream layout in the phosphate industry chain [1] - Once operational, the Erba Phosphate Mine will complement the company's phosphate mines in Leibo, Sichuan, enhancing the overall phosphate acid utilization chain advantages in Jingzhou and Yicheng, Hubei [1] - The company aims to produce high-quality refined phosphoric acid, industrial-grade monoammonium phosphate, water-soluble monoammonium phosphate, and iron phosphate, thereby improving the comprehensive utilization rate of phosphate resources [1]

Core Viewpoint - Yuntu Holdings (002539.SZ) is expanding its upstream resources through an investment in Shenglong Mining, aiming to strengthen its integrated advantages in the phosphate industry [1][4]. Investment Plan - Yuntu Holdings plans to invest CNY 49 million to acquire a 49% stake in Shenglong Mining, which will be used to develop the Erba phosphate-lead-zinc mine in Sichuan [1][2]. - The company will also provide up to CNY 500 million in loans to Shenglong Mining to expedite the development process of the phosphate mine [1][2]. Financial Performance - In the first half of 2025, Yuntu Holdings reported revenue of CNY 11.4 billion, a year-on-year increase of 3.59%, and a net profit of CNY 511 million, up 12.6% [1][5]. - The core business of phosphate compound fertilizer generated revenue of CNY 7.22 billion, reflecting a growth of 21.55% and accounting for 63.35% of total revenue [5]. Resource and Production Capacity - The Erba mine has proven phosphate reserves of 29.27 million tons with an average P2O5 grade of 23.37% [3]. - Yuntu Holdings has a total phosphate resource reserve of approximately 549 million tons and a designed mining capacity of 6.9 million tons per year [6]. Strategic Development - The investment in Shenglong Mining is part of Yuntu Holdings' strategy to enhance its phosphate resource reserves and ensure a stable supply of phosphate ore for its operations [4][6]. - The company is also focusing on integrating its nitrogen and phosphate supply chains to improve production efficiency and reduce costs [6].

Group 1 - Company signed a capital increase agreement to acquire 49% equity in Shenglong Mining for 49 million yuan, focusing on the development of the Erba Phosphate-Lead-Zinc Mine in Sichuan [1] - The Erba mine has phosphate rock resources of approximately 29.27 million tons with an average P2O5 grade of 23.37%, and a mining scale of 500,000 tons per year [1] - Company plans to provide up to 500 million yuan in loans to Shenglong Mining, with a term not exceeding 5 years, at the 5-year LPR loan rate [1] Group 2 - After mining operations commence, Shenglong Mining will prioritize supplying phosphate rock to the company, ensuring a stable raw material source [2] - The Erba mine is characterized as high magnesium, low silicon, and low iron aluminum phosphate rock, complementing the future production of medium magnesium and medium silicon phosphate rock by Leibo Company [2] - This combination is expected to enhance the company's wet-process phosphoric acid production in Hubei, improving the overall utilization rate of phosphate resources [2]

Group 1 - Company signed an equity increase agreement to acquire 49% stake in Shenglong Mining for 49 million yuan, focusing on the development of the Erba phosphate-lead-zinc mine in Sichuan with a resource reserve of approximately 29.27 million tons of phosphate rock [1] - The company plans to provide up to 500 million yuan in loans to Shenglong Mining, with a term of no more than 5 years, at the 5-year LPR loan rate, to support the mine's resumption of production [1] - The Erba mine will ensure a stable supply of phosphate rock for the company, enhancing its raw material sourcing [2] Group 2 - The Erba mine is characterized as high magnesium, low silicon, and low iron-aluminum phosphate rock, which complements the medium magnesium and medium silicon phosphate rock from Leibo Company [2] - This combination is expected to optimize the company's wet-process phosphoric acid production in Hubei, improving the overall utilization rate of phosphate resources [2] - The company aims to produce high-quality refined phosphoric acid, industrial-grade monoammonium phosphate, and water-soluble monoammonium phosphate, further enhancing its product offerings [2]