### Overview Yuntu Holdings Co., Ltd. is a key player in the fertilizer industry, specializing in the production and sale of phosphate fertilizers and nitrogen fertilizers. This report focuses on the company's financial performance for the fiscal year 2024, highlighting major developments that have contributed to its growth and outlining the future outlook.

### Key Financials In 2024, Yuntu Holdings reported a substantial increase in the sales of phosphate fertilizers, reaching 4.1797 million tons, which marks a 10.59% growth compared to the previous year. This increase in volume is a reflection of recovering market demand and improving profitability within this segment. Additionally, the company has significantly expanded its ammonium phosphate product lines, driven by rising demand across agricultural, firefighting, and renewable energy sectors. This new business avenue is acting as a fresh growth engine for Yuntu, enhancing overall revenue and net income.

The company's gross profit margins have notably improved as a result of increased sales volumes in both phosphate and ammonium phosphate sectors. Furthermore, initiatives like the construction of a new ammonia synthesis project are anticipated to bolster raw material self-sufficiency and reduce production costs, contributing positively to the bottom line.

### Management Commentary Management has expressed a cautious optimism about the company's trajectory. They emphasized the strategic investments in expanding production capabilities and integrating resources across the supply chain. The tone is affirmatively positive, as they highlighted the fulfillment of production demands and growth opportunities through enhanced operational efficiency and a robust market position.

### Trends and Drivers Several key trends are driving Yuntu's financial performance. First, the increase in phosphate fertilizer sales is primarily due to an uptick in agricultural activity. Furthermore, the diversification into ammonium phosphate production appears to respond well to industry demand shifts. Enhancements in the company’s ammonia synthesis capability will likely lower input costs and improve profit margins. Overall, these factors converge to create a productive environment for sustained growth.

### Risks and Outlook While Yuntu Holdings is poised for growth, it must navigate several potential risks. External factors such as geographical and geological conditions affecting phosphate mining could lead to project delays, which require vigilant management. Additionally, fluctuations in raw material prices, particularly for phosphate rock and sulfur, may impact profitability. Monitoring market trends and policy changes will be crucial for mitigating these risks.

### Conclusion In conclusion, Yuntu Holdings is experiencing robust growth in both phosphate and nitrogen fertilizer sectors, supported by strong internal drivers for long-term sustainability. However, attention must be paid to external conditions that could impact project timelines and raw material pricing, which are key to maintaining stable profitability going forward.