en.Wedoany.com Report, On March 24, China's Yuntianhua released its 2025 annual report. Data shows the company's total operating revenue was 484.15 billion yuan, a year-on-year decrease of 21.47%; net profit attributable to shareholders of the parent company was 51.56 billion yuan, a year-on-year decrease of 3.40%; net profit after deducting non-recurring gains and losses was 50.07 billion yuan, a year-on-year decrease of 3.60%. Although the revenue scale has shrunk, the decline in net profit is limited, reflecting strong profitability resilience.
Yuntianhua continued to optimize its business structure in 2025. The revenue of the trade and logistics segment contracted to 270.98 billion yuan, a result of the company's active divestment of low-margin businesses to focus on its core operations. The fertilizer business achieved revenue of 118.50 billion yuan, maintaining its fundamental position under industry pressure, with phosphate fertilizer capacity reaching 5.55 million tons/year, ranking second in the country. The phosphorus chemical segment generated revenue of 33.83 billion yuan, maintaining stable operations. The new energy materials business became a highlight, with revenue reaching 13.21 billion yuan, a year-on-year increase of 75.2%, significantly outpacing other segments, marking the company's entry into the harvest period for its new energy layout.
The company increased its capacity layout and R&D investment to build long-term competitive barriers. The book balance of construction in progress at the end of the period was 25.39 billion yuan, a year-on-year increase of 15.62%, primarily directed towards securing phosphate ore resources, precursors for new energy materials, and environmental management. Regarding phosphate ore resources, the 4.5 million tons/year phosphate ore flotation project supporting battery new materials reached 95% completion, and the underground mining project at the Kunyang Phosphate Mine No.2 reached 96% completion, set to commence production soon and enhance self-sufficiency. Simultaneously, the company obtained the mining rights for the Wanzhang Phosphate Mine in Zhenxiong County through an equity investment, with resources amounting to 2.438 billion tons, solidifying its reserves.
Total R&D expenses amounted to 7.31 billion yuan, a year-on-year increase of 24.7%, of which material costs accounted for 3.94 billion yuan, representing over 50% of the total, focusing on areas such as new iron phosphate materials. The 100,000 tons/year iron phosphate project completed technical upgrades, improving efficiency. Regarding environmental protection investment, the company completed core investments in the harmless treatment project for phosphogypsum, responding to policy requirements.
The financial structure continued to optimize. Financial expenses in 2025 were 287 million yuan, a year-on-year decrease of 41.2%, benefiting from reduced liabilities and cost control. Net cash flow from operating activities was 9.087 billion yuan, maintaining positive inflow; the balance of cash and cash equivalents was 4.555 billion yuan, indicating ample funds. Asset impairment losses were 119 million yuan, significantly narrowed compared to 2024, indicating improved asset quality. Regarding shareholder returns, the company plans to distribute a cash dividend of 12 yuan per 10 shares, with the annual dividend payout ratio reaching 49.50% of net profit attributable to shareholders of the parent company, reflecting the philosophy of sharing results with investors.
