SD Lomon(SZ:002312)2025-09-12 12:29Group 1: Company Investments and Acquisitions - The company holds a 49% stake in Chongqing Iron and Steel Group Mining Co., which indirectly provides access to its core assets, including the Taihe Iron Mine [2] - The company has completed acquisitions including 100% of Tianrui Mining, 51% of Guotuo Mining, 49% of Chongqing Iron and Steel Mining, 10% of Tiensheng Mining, and 60% of Tianbao Company [4] - The last phosphate mine, Laohudong, has a reserve of 370 million tons, and the company is focused on acquiring quality resources to enhance its integrated advantages [22] Group 2: Financial Performance and Market Strategy - In the first half of 2025, the company achieved revenue of 1.063 billion yuan from industrial-grade monoammonium phosphate, a year-on-year increase of 13.55% [21] - The company aims to achieve a revenue target of 8.38 billion yuan in 2025 [20] - The company is committed to a development strategy based on "scarce resources + core technology + industrial integration + advanced mechanisms" to drive both internal growth and external mergers [4][9] Group 3: Production Capacity and Projects - The De'a project has a production capacity of 60,000 tons/year for lithium iron phosphate, which is fully operational, while the 100,000 tons/year phosphate project is nearing completion [8][19] - The company is actively advancing the construction of new energy material projects, including the De'a and Panzhihua projects, to meet market demands [21] - The company is focused on optimizing its supply chain and customer structure as part of its project development strategy [17] Group 4: Market Challenges and Management - The company's stock price has been affected by macroeconomic and industry factors, leading to concerns about market performance [4][11] - The company has established a value management system to enhance operational efficiency and shareholder returns [5][11] - There are no current plans for stock buybacks, but the company will disclose any future plans as required [11][10]