[Phosphate ore: Yuntianhua produced 5.84 million mt of finished ore in H1 2025] On August 19, 2025, Yuntianhua released its semi-annual report. The exploration to mining transition for the Zhenxiong phosphate mine, in which it holds a stake, is progressing rapidly. The underground mining project at Phosphate Group's Kunyang Phosphate Mine No. 2 has entered the trial operation phase, and the 4.5 million mt/year phosphate ore flotation project is under construction as planned. Subsidiaries Jinxin Chemical, Tianan Chemical, and Dawai Ammonia have completed the technological transformation to increase their ammonia capacity. The company has also completed the continuous process technology upgrade for its 100,000 mt/year iron phosphate project, enhancing the operating rate and further optimizing the operational efficiency of the facility. The company currently has nearly 8 billion mt of phosphate ore reserves, with an annual raw ore production capacity of 14.5 million mt, washing and sorting capacity of 6.18 million mt/year, and flotation capacity of 7.5 million mt/year. In H1 2025, subsidiaries collectively produced 5.84 million mt of finished ore.