Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
Stock Code: 300505 Stock Abbreviation: CJN Announcement Number: 2026-008
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
I. Important Notes
This Summary is based on the full Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
(together with its consolidated subsidiaries, the “Company”, except where the context otherwise
requires). In order for a full understanding of the Company’s operating results, financial position
and future development plans, investors should carefully read the aforesaid full text, which has been
disclosed together with this Summary on the media designated by the China Securities Regulatory
Commission (the “CSRC”).
All the Company’s directors have attended the Board meeting for the review of this Report and its
summary.
ShineWing Certified Public Accountants LLP issued standard unqualified audit opinions on the
Company’s financial statement for this year.
Notice of the non-standard audit opinion
□ Applicable ?Not applicable
The company was not profitable at the time of listing and is still unprofitable
□ Applicable ?Not applicable
Profit distribution plan or capital reserve transfer plan to increase capital approved by the Board of
Directors during the Reporting Period
?Applicable □ Not applicable
The Company’s profit distribution plan approved at the meeting of the Board of Directors is as
follows: To distribute a cash dividend of RMB4 (tax-inclusive) per 10 shares and 0 bonus shares
(tax-inclusive) to all shareholders based on the total share capital of 274,867,523 shares, with the
conversion of capital reserves into the share capital of 0 shares per 10 shares.
The profit distribution plan for preferred shares approved by the Board of Directors during the
Reporting Period
□ Applicable ?Not applicable
II. Company Overview
Stock name CJN Stock code 300505
Stock listing exchange Shenzhen Stock Exchange
Securities Affairs
Contact person and contact information Board Secretary
Representative
Name Huang Qiuhan Su Zhe, and Liao Zuolin
(Gemini - Dubhe), Qicai (Gemini - Dubhe), Qicai
Office address
Yunnan No. 1 City of Yunnan No. 1 City of
Wulong Subdistrict’s Wulong Subdistrict’s
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
Administrative Agency, Administrative Agency,
Chenggong District, Chenggong District,
Kunming City, Yunnan Kunming City, Yunnan
Province Province
Fax 0871-67412848 0871-67412848
Tel 0871-67436102 0871-67436102
ir@cjnphos.com,
E-mail address hqh@cjnphos.com
lzl@cjnphos.com
Starting from the flotation of purchased phosphate rock, the Company processes it into phosphate
concentrate, which is then produced into crude phosphoric acid via the wet process. This crude
phosphoric acid is further reacted with other chemical raw materials to produce feed additives and
fertilizers such as dicalcium phosphate (Type I and Type III), monocalcium phosphate, and triple
superphosphate. Simultaneously, based on stable feed grade phosphates, the Company focuses on
purification technology, further refining crude phosphoric acid to produce industrial-grade and
food-grade wet-process purified phosphoric acid products.
Main price
Product Main application fields influencing Market demand
factors
Global meat consumption
Abbreviated as DCP and MDCP, the main The market
remains stable, and
Feed grade function is to provide phosphorus, calcium, and demand is
domestic feed production
dicalcium other mineral nutrients in compound feed for influenced by
stays steady, with market
phosphate livestock and poultry. It is mainly used in pig supply-demand
demand expected to
(Type I, Type feed, poultry feed, and some cattle and sheep relationships and
increase moderately
III) feed, with an addition rate generally ranging cost-driven
alongside the downstream
from 1% to 3%. factors.
industry.
In the future, with the
refinement of aquaculture
The market
practices and the gradual
Abbreviated as MCP, it is an efficient and high- demand is
improvement of domestic
Feed grade quality phosphate feed additive, currently the influenced by
water source environmental
monocalcium feed grade phosphate with the highest biological supply-demand
protection requirements,
phosphate efficacy. It is primarily used in aquaculture for relationships and
MCP has vast growth
fish, shrimp, and other aquatic animals. cost-driven
potential in both the
factors.
aquaculture and livestock
feed sectors.
As global agricultural
planting scales and
Abbreviated as TSP, it is the highest
intensification continue to
concentration single water-soluble phosphate The market
progress, the scientific use
fertilizer currently in widespread use. It demand is
of highly water-soluble
improves alkaline soils and mainly supplies influenced by
Triple phosphate fertilizers will
phosphorus and calcium to plants. It can be used supply-demand
superphosphate become an inevitable trend.
alone or mixed with other nutrients, and when relationships and
Triple superphosphate has
mixed with nitrogen fertilizers, it has a certain cost-driven
further growth potential in
nitrogen-fixing effect. It is primarily used in factors.
replacing ordinary calcium
agriculture and horticulture.
fertilizers in the global
market.
Abbreviated as DSP, it is a medium- The market Enriched superphosphate,
Enriched
concentration phosphate fertilizer, with effective demand is with its higher effective
superphosphate
phosphorus content between normal influenced by phosphorus content and
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
superphosphate and triple superphosphate. It is supply-demand wide application range, has
widely used in the cultivation of food crops relationships and strong market prospects in
(such as wheat, maize, and rice) and economic cost-driven the agricultural sector. In
crops (such as rapeseed, cotton, and sugarcane). factors. the future, with the
It improves crop yield and quality, promotes strengthening of
root development, and enhances plant resistance environmental protection
to adversity. policies and the growth of
agricultural demand, it will
have considerable market
potential.
As domestic wet-process
phosphoric acid
purification technology
The market
continues to develop,
Abbreviated as PPA, the Company produces demand is
downstream phosphate salt
purified phosphoric acid in 75%, 80%, and 85% influenced by
Purified enterprises, based on cost
industrial-grade or food-grade forms, primarily supply-demand
phosphoric acid considerations, are
applied in the food, pharmaceutical, and new relationships and
increasingly inclined to
energy sectors. cost-driven
purchase lower-priced wet-
factors.
process purified phosphoric
acid to replace thermal
phosphoric acid.
The market
With its wide application
The Company primarily refers to 52% acid and demand is
and continually growing
Wet-process market demand, it is
phosphate fertilizer production, while the 40% supply-demand
crude acid expected to maintain an
acid is primarily used in lithium iron phosphate relationships and
important market position
manufacturing. cost-driven
in the future.
factors.
(1) Key accounting data and financial indicators of the past three years
If the Company needs to retrospectively adjust or restate accounting data for previous years
□Yes ?No
RMB
Year-end Change
End of 2025 End of 2024 End of 2023
YoY
Total assets 4,343,076,100.48 3,609,153,324.48 20.34% 3,553,892,582.94
Equity attributable to
the listed company’s 2,918,306,184.95 2,540,802,774.24 14.86% 2,398,803,942.55
shareholders
Operating income 4,074,660,364.42 3,207,476,951.57 27.04% 2,711,340,092.29
Net profit attributable
to the shareholders of 453,813,148.37 176,055,944.37 157.77% -91,459,452.49
the Company
Net profit attributable
to the shareholders of
the listed company
after deduction of
non-recurring gains
and losses
Cash flows from
operating activities
Basic earnings per
share (RMB/share)
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
Diluted earnings per
share (RMB/share)
Weighted average
return on equity 16.67% 7.12% 9.55% -4.45%
(ROE) (%)
(2) Key accounting data by quarter
Unit: RMB
Q1 Q2 Q3 Q4
Operating income 720,860,144.39 1,023,165,871.48 1,062,673,549.07 1,267,960,799.48
Net profit attributable
to the shareholders of 72,021,782.19 105,473,291.04 126,922,671.56 149,395,403.58
the Company
Net profit attributable
to the shareholders of
the listed company
after deduction of
non-recurring gains
and losses
Cash flows from
operating activities
Whether the aforesaid financial indicators or their sum are significantly different from relevant
financial indicators disclosed by the Company in its quarterly and semi-annual reports
□ Yes ?No
(1) Numbers of ordinary shareholders and preferred shareholders with resumed voting rights
as well as holdings of top 10 shareholders
Unit: share
Number of
Number of
preferred
Total Number of preferred Total
shareholders
number of ordinary shareholders number of
with
ordinary shareholders with shareholders
resumed
shareholders at the month- resumed holding
at the end of end prior to voting special
at the month-
the the rights at the voting
end prior to
Reporting disclosure of end of rights (if
the
Period this Report Reporting any)
disclosure of
Period
this Report
Top 10 shareholders (excluding shares lent through refinancing)
Number of Pledged, marked, or frozen
shares held status
Name of Shareholder Shareholding Number of shares with
shareholder type ratio held restrictive Share
Quantity
sales status
conditions
Domestic
Liu Meng 26.33% 72,364,501.00 54,273,376.00 N/A 0.00
individual
Domestic
Liu Mingyi 1.40% 3,850,596.00 0.00 N/A 0.00
individual
Kunming Domestic
Shunlong non-state- 1.28% 3,528,581.00 0.00 N/A 0.00
Energy Co., owned
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
Ltd. legal
person
Domestic
Wei Jiagui natural 1.18% 3,246,091.00 3,184,568.00 N/A 0.00
person
Domestic
Qin Yong 0.70% 1,924,800.00 0.00 N/A 0.00
individual
Domestic
Tang Jiapu 0.67% 1,849,386.00 0.00 N/A 0.00
individual
Lyu Domestic
Liangfeng individual
Hong Kong
Securities
Overseas
Clearing 0.51% 1,389,106.00 0.00 N/A 0.00
legal entity
Company
Limited
BARCLAYS Foreign
BANK PLC legal entity
Jiangsu
Xiaxi Domestic
Flowers and non-state-
Trees owned 0.46% 1,270,000.00 0.00 N/A 0.00
Market legal
Management person
Co., Ltd.
Explanations on the
connected relationship or
concerted action among the Not applicable
shareholders mentioned
above
The situation of shareholders holding more than 5% of shares, the top 10 shareholders, and the top
□ Applicable ?Not applicable
Changes occurred in the top 10 shareholders and the top 10 shareholders of unrestricted tradable
shares compared with the previous period due to shares loan through refinancing/return
□Applicable ?Not applicable
The Company has voting right differentiation arrangements or not
□ Applicable ?Not applicable
(2) Number of preferred shareholders and shareholdings of top 10 of them
No preferred shareholders in the Reporting Period.
(3) Ownership and control relations between the de facto controller and the company
Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co., Ltd.
刘甍 Liu Meng
昆明川金诺化工股份有限公司 Kunming Chuan Jin Nuo Chemical Co., Ltd.
□ Applicable ?Not applicable
III. Important Matters
where it reviewed and approved the Proposal to Sign a “Project Investment Agreement” with the
People’s Government of Dongchuan District, Kunming City by the Company. On the same day, it
signed a Project Investment Agreement (hereinafter referred to as “the Agreement”) with the
People’s Government of Dongchuan District (hereinafter referred to as “Dongchuan District
Government” or “Party A”). The Agreement stipulates that the Company will construct the Heliwan
Industrial Waste Disposal Project (hereinafter referred to as “the project” or “Heliwan Slag Field”)
in the Sifangdi Area of Dongchuan District, Kunming City, with a total investment of about
RMB350 million. The main construction contents of the project include: Pollutant-blocking dams,
slag-blocking dams, liquid collection pools, reservoir area anti-seepage, flood discharge outside the
reservoir, flood discharge inside the reservoir, environmental protection, power supply, water return
and re-spray systems, duty room, ground scale room, greening, and other facilities. For details,
please refer to the Company’s disclosure of the Announcement on Signing the Project Investment
Agreement with the People’s Government of Dongchuan District, Kunming City (Announcement
No.: 2025-005).
of Directors and the first provisional shareholders’ meeting of 2025, where it reviewed and
approved the Proposal on Investing in Constructing the Chuan Jin Nuo (Egypt) Suez Phosphorus
Chemical Project, agreeing to construct projects in Egypt with an annual production of 800,000
tons of sulfuric acid, 300,000 tons of wet phosphoric acid for industrial use, 150,000 tons of 52%
phosphoric acid, 300,000 tons of monoammonium phosphate, and 20,000 tons of sodium
fluorosilicate (hereinafter referred to as the “Phosphorus Chemical Project”). For details, please
refer to the Announcement on Investing in the Construction of the Chuan Jin Nuo (Egypt) Suez
Phosphorus Chemical Project (Announcement No.: 2025-024) published by the Company on the
ChiNext Information Disclosure Platform CNINFO of China Securities Regulatory Commission on
April 18, 2025. On June 24, 2025, the Company held the fifteenth meeting of the fifth Board of
Directors and the twelfth meeting of the fifth Board of Supervisors, where it reviewed and approved
the Proposal on Changing the Use of Raised Funds. In order to fully utilize the raised funds
effectively, and after comprehensively considering the current implementation of the fundraising
projects and the market environment, the Company agreed to change the fundraising project from
the “50,000 tons/year battery-grade iron phosphate - precursor material of lithium iron phosphate
cathode material and supporting 600,000 tons/year sulfuric acid production project, 100,000
tons/year battery-grade lithium iron phosphate cathode material project (Phase I) of Guangxi Chuan
Jin Nuo New Energy Co., Ltd.” to the “Chuan Jin Nuo (Egypt) Suez Phosphorus Chemical Project”.
For details, please refer to the Announcement on Changing the Use of Raised Funds
(Announcement No.: 2025-038) published by the Company on the ChiNext Information Disclosure
Platform - CNINFO of China Securities Regulatory Commission on June 25, 2025. This matter was
reviewed and approved by the second provisional Board of Shareholders of 2025 held on July 11,
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