Wintrue Holding(002539)2024-12-10 10:19Product Overview - The main products of the company include compound fertilizers, phosphate fertilizers (monoammonium phosphate), and other chemical products such as yellow phosphorus and iron phosphate. The annual production capacity of compound fertilizers is 7.35 million tons, with production bases located in various provinces across China and Malaysia [2][3]. Market Coverage - The company has nearly 6,000 first-level distributors and over 100,000 retail outlets, covering more than 30 provincial markets across China [3]. Competitive Advantages - The company’s core competitive advantage lies in its integrated nitrogen and phosphate industry chains, which account for over 80% of the total cost of compound fertilizers. This integration allows for resource self-sufficiency and significant industrial synergy [3]. - Nitrogen Industry Chain: The company has established a complete nitrogen fertilizer supply chain, including the production of ammonium nitrate, synthetic ammonia, and other nitrogenous products. A 700,000-ton synthetic ammonia project is currently under construction [3][5]. - Phosphate Industry Chain: The company has developed a phosphate supply chain and is working on mining projects with a total capacity of 4 million tons per year, ensuring a high degree of self-sufficiency in phosphate rock [3][5]. Phosphate Products - There are differences between industrial-grade and fertilizer-grade monoammonium phosphate in terms of usage, standards, nutrient content, and production processes. Fertilizer-grade is primarily used in agriculture, while industrial-grade is utilized in agriculture, fire safety, and new energy sectors [5]. Resource Reserves - The company owns three phosphate mines with a total resource reserve of approximately 549 million tons. The confirmed reserves for specific mines are 181 million tons and 139 million tons, respectively [5].