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[Batian Shares: Subsidiary Xiaogaozhai Phosphate Mine obtains 2.9 million tons/year safety production license] On September 1, Batian Stock (002170.SZ) announced that the company’s wholly-owned subsidiary Guizhou Batian received the Xiaogaozhai Phosphate Mine’s “Safety Production License” issued by the Guizhou Provincial Department of Emergency Management. The mining scale was changed from 2 million tons/year to 2.9 million tons/year, and it is valid until August 30, 2029. This production capacity expansion will help increase the company's phosphate ore output and promote the integration strategy of phosphorus chemicals, but there is uncertainty about future profitability.
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