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Batian Co., Ltd. raises funds to build a high-purity phosphoric acid production facility – January 6, 2025. Recently, Batian Co., Ltd., a company operating in the field of compound fertilizers and phosphorus chemicals, issued new A-share shares to specific investors. The number of shares issued was 70.2247 million, at a price of 7.12 yuan per share; the total amount of funds raised was approximately 500 million yuan. These funds will be used for the production of high-purity phosphoric acid using the nitric acid method, as well as to replenish working capital and repay bank loans. Following this issuance, Batian Co., Ltd. has expanded its asset base, reduced its debt-to-asset ratio, and improved its financial condition, thereby strengthening its overall strength effectively. In particular, with the acquisition of medium- to long-term financial support, not only has the shareholder structure been significantly improved, but it is also expected that the advantages of these shareholders will enable steady business development, further enhancing profitability. The announcement states that as the projects funded through these investments are implemented and begin to generate benefits, Batian Co., Ltd. will be able to make better use of its abundant phosphate mineral resources, building on its existing fertilizer and chemical manufacturing capabilities. This will enable more in-depth and diversified utilization of these resources, thereby improving the company’s overall profitability. At the same time, it will help the company seize opportunities in the new energy materials market, accelerate the transformation and upgrading of its phosphate industry, strengthen its leading position in the phosphate chemicals sector, and optimize its industrial structure. All of this will lay the foundation for the company to achieve its strategic goals of transitioning toward high-value phosphate chemicals and industries related to new energy materials.