BATIAN(SZ:002170)2022-11-21 15:50Group 1: Company Overview - Shenzhen Batian Ecological Engineering Co., Ltd. was established in 1989 and currently has an operating revenue of approximately 2.3 billion yuan, with over 90% derived from the research, production, and sales of compound fertilizers [2][3]. - The company has several production bases, with the largest capacities located in Guangxi, Jiangsu, and Beijing [2]. Group 2: Investment and Mining Projects - The company has invested around 2.5 billion yuan in Guizhou, which includes acquiring a phosphate mine with reserves of 63,000 tons [2][3]. - The mining project is currently in the construction phase, with the first phase expected to be completed by January next year, and the overall design capacity is projected at 2 million tons per year, with an extraction rate of 900,000 tons per year [3][4]. Group 3: Production Facilities - The Guizhou phosphate chemical industry park will feature a 270,000-ton nitric acid facility, a 400,000-ton nitric phosphate fertilizer facility, a 300,000-ton calcium nitrate facility, and a 600,000-ton high tower compound fertilizer facility [3][4]. - The initial phase of the new energy project in Guizhou is planned to produce 50,000 tons of iron phosphate, with construction starting in January next year [3][4]. Group 4: Market and Policy Insights - The national policy encourages projects related to iron phosphate, but there are restrictions on new production capacities for monoammonium phosphate [4]. - The annual phosphate mining volume in the country is approximately 85 million tons, with projected demand for iron phosphate between 8 million to 10 million tons by 2025 [4][5]. Group 5: Cost and Production Efficiency - The cost of producing iron phosphate using nitric acid is slightly lower than using sulfuric acid, primarily due to the absence of gypsum disposal costs [5]. - The estimated mining output for next year is between 500,000 to 900,000 tons, with a daily extraction of 300 to 800 tons currently [5][6].