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 274867523 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

1. Company profile

Stock name CJN Stock code 300505

Stock listing exchange Shenzhen Stock Exchange

Contact person and contact information Board Secretary Securities AffairsRepresentative

Name Huang Qiuhan Su Zhe and Liao Zuolin

55/F No. 1 Office Building 55/F No. 1 Office Building

Office address (Gemini - Dubhe) Qicai (Gemini - Dubhe) QicaiYunnan No. 1 City of Yunnan No. 1 City of

Wulong Subdistrict’s Wulong Subdistrict’s

1Summary 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

E-mail address hqh@cjnphos.com ir@cjnphos.comlzl@cjnphos.com

2. Principal activities or products in the Reporting Period

1. Main business

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.

2. Main product uses and market demand

Main price

Product Main application fields influencing Market demand

factors

Abbreviated as DCP and MDCP the main The market Global meat consumption

Feed grade function is to provide phosphorus calcium and demand is remains stable and

dicalcium other mineral nutrients in compound feed for influenced by domestic feed production

phosphate livestock and poultry. It is mainly used in pig supply-demand stays steady with market

(Type I Type feed poultry feed and some cattle and sheep relationships and demand expected to

III) feed with an addition rate generally ranging cost-driven increase moderately

from 1% to 3%. factors. alongside the downstreamindustry.In the future with the

The market refinement of aquaculture

Abbreviated as MCP it is an efficient and high- demand is practices and the gradual

Feed grade quality phosphate feed additive currently the influenced by improvement of domestic

monocalcium feed grade phosphate with the highest biological supply-demand water source environmental

phosphate efficacy. It is primarily used in aquaculture for relationships and protection requirements

fish shrimp and other aquatic animals. cost-driven MCP has vast growth

factors. potential in both theaquaculture and livestock

feed sectors.As global agricultural

Abbreviated as TSP it is the highest planting scales and

concentration single water-soluble phosphate The market intensification continue to

fertilizer currently in widespread use. It demand is progress the scientific use

Triple improves alkaline soils and mainly supplies influenced by

of highly water-soluble

superphosphate phosphorus and calcium to plants. It can be used supply-demand

phosphate fertilizers will

alone or mixed with other nutrients and when relationships and become an inevitable trend.mixed with nitrogen fertilizers it has a certain cost-driven Triple superphosphate has

nitrogen-fixing effect. It is primarily used in factors. further growth potential in

agriculture and horticulture. replacing ordinary calciumfertilizers in the global

market.Enriched Abbreviated as DSP it is a medium- The market Enriched superphosphate

superphosphate concentration phosphate fertilizer with effective demand is with its higher effectivephosphorus content between normal influenced by phosphorus content and

2Summary 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

The market purification technology

Abbreviated as PPA the Company produces demand is continues to develop

purified phosphoric acid in 75% 80% and 85% influenced by downstream phosphate saltPurified

phosphoric acid industrial-grade or food-grade forms primarily supply-demand

enterprises based on cost

applied in the food pharmaceutical and new relationships and considerations are

energy sectors. cost-driven increasingly inclined to

factors. purchase lower-priced wet-process purified phosphoric

acid to replace thermal

phosphoric acid.The market

The Company primarily refers to 52% acid and demand is With its wide application

Wet-process 40% acid. The 52% acid is mainly used for influenced by

and continually growing

crude acid phosphate fertilizer production while the 40% supply-demand

market demand it is

acid is primarily used in lithium iron phosphate relationships and expected to maintain an

manufacturing. cost-driven important market position

factors. in the future.

3. Key accounting data and financial indicators

(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

End of 2025 End of 2024 Year-end ChangeYoY End of 2023

Total assets 4343076100.48 3609153324.48 20.34% 3553892582.94

Equity attributable to

the listed company’s 2918306184.95 2540802774.24 14.86% 2398803942.55

shareholders

2025 2024 YoY Change 2023

Operating income 4074660364.42 3207476951.57 27.04% 2711340092.29

Net profit attributable

to the shareholders of 453813148.37 176055944.37 157.77% -91459452.49

the Company

Net profit attributable

to the shareholders of

the listed company

after deduction of 442660283.81 167262876.25 164.65% -104437451.94

non-recurring gains

and losses

Cash flows from

operating activities 297896683.31 142811815.59 108.59% 27481409.10

Basic earnings per

share (RMB/share) 1.6510 0.6405 157.77% -0.3724

3Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co. Ltd.

Diluted earnings per

share (RMB/share) 1.6510 0.6405 157.77% -0.3724

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 720860144.39 1023165871.48 1062673549.07 1267960799.48

Net profit attributable

to the shareholders of 72021782.19 105473291.04 126922671.56 149395403.58

the Company

Net profit attributable

to the shareholders of

the listed company

after deduction of 65867843.01 100669621.73 124158631.43 151964187.64

non-recurring gains

and losses

Cash flows from

operating activities 118034078.99 52918636.35 32254096.74 94689871.23

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

4. Share capital and shareholder information

(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

Total Number of preferred preferredshareholders Totalnumber of ordinary shareholders number of

ordinary shareholders with withresumed shareholdersshareholders 32498 at the month- 56287 resumed 0 voting rights 0 holdingat the end of end prior to voting 0

the the rights at the at the month-

special

Reporting disclosure of end of end prior to

voting

the rights (ifPeriod this Report Reporting disclosure of any)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

sales status Quantity

conditions

Liu Meng Domesticindividual 26.33% 72364501.00 54273376.00 N/A 0.00

Liu Mingyi Domesticindividual 1.40% 3850596.00 0.00 N/A 0.00

Kunming Domestic

Shunlong non-state- 1.28% 3528581.00 0.00 N/A 0.00

Energy Co. owned

4Summary of 2025 Annual Report of Kunming Chuan Jin Nuo Chemical Co. Ltd.

Ltd. legal

person

Domestic

Wei Jiagui natural 1.18% 3246091.00 3184568.00 N/A 0.00

person

Qin Yong Domesticindividual 0.70% 1924800.00 0.00 N/A 0.00

Tang Jiapu Domesticindividual 0.67% 1849386.00 0.00 N/A 0.00

Lyu Domestic

Liangfeng individual 0.65% 1782319.00 0.00 N/A 0.00

Hong Kong

Securities

Clearing Overseaslegal entity 0.51% 1389106.00 0.00 N/A 0.00Company

Limited

BARCLAYS Foreign

BANK PLC legal entity 0.47% 1290966.00 0.00 N/A 0.00

Jiangsu

Xiaxi Domestic

Flowers and non-state-

Trees owned 0.46% 1270000.00 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

10 shareholders of unrestricted tradable shares participating in shares loan through refinancing

□ 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

5Summary 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.

5. Outstanding bonds at the date when this Report was authorized for issue

□ Applicable□Not applicable

III. Important Matters

1. On February 18 2025 the Company held the twelfth meeting of the fifth Board of Directors

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 thePeople’s Government of Dongchuan District (hereinafter referred to as “Dongchuan DistrictGovernment” 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).

2. On April 17 2025 and May 8 2025 the Company held the fourteenth meeting of the fifth Board

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 800000

tons of sulfuric acid 300000 tons of wet phosphoric acid for industrial use 150000 tons of 52%

phosphoric acid 300000 tons of monoammonium phosphate and 20000 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 fromthe “50000 tons/year battery-grade iron phosphate - precursor material of lithium iron phosphatecathode material and supporting 600000 tons/year sulfuric acid production project 100000

tons/year battery-grade lithium iron phosphate cathode material project (Phase I) of Guangxi ChuanJin 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

2025.

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