The company and Sichuan University signed the “Iron Phosphate and Lithium Iron Phosphate Technology Research and Production Application Development Contract” for key technology research and industrialization projects for iron phosphate and lithium iron phosphate. The company vigorously promotes an integrated strategy, realizes industrial upgrading and product restructuring, and enhances profitability. Expand mineral resources upstream, build ammonia synthesis plants to solve raw material bottlenecks; extend the industrial chain downstream, and plan and implement wet purification of phosphoric acid and fine phosphate projects. The Susong phosphate mine will be put into operation, saving about 150 yuan per ton of phosphate ore compared to outsourced phosphate ore; the Yichang Pearl Phosphate Mine, in which the company has a stake, is expected to further expand its shareholding ratio in the future; the synthetic ammonia project will achieve complete self-sufficiency in synthetic ammonia, and costs will be effectively controlled; and the 50,000-ton wet phosphoric acid project is expected to be completed within the year. A number of favorable policies have provided the company with opportunities for rapid development. The “Wanjiang City Belt Demonstration Zone Plan for Undertaking Industrial Transfer” clearly states that it will actively undertake the development of chemical fertilizer, sulphur and phosphorus chemicals, etc., and focus on building the Tongling Sulphur Phosphorus Industrial Park; the “Anhui Petrochemical Industry Adjustment and Revitalization Plan” supports Tongling Phosphorus Chemical from various aspects. As an important carrier for the development of thiophosphorus chemicals in Tongling City, the company ushered in rapid development opportunities with the support of a number of favorable policies. The company is a key enterprise for large-scale phosphorus-compound fertilizer production in the country. It has dozens of core technologies and is in a leading position in the level of ammonium phosphate production processes at home and abroad. The company adopted the “on-site direct sales” marketing model, which basically covered the entire domestic market. The company's expenses are well controlled, and the period fee rate is significantly lower than the industry average. The company's earnings per share for 2010-2012 (assuming additional shares are diluted) are expected to be 0.33, 0.54, and 0.75 yuan, respectively. Based on the chemical fertilizer industry, the company aims to expand and strengthen downstream industries such as phosphorus chemicals; it will gradually achieve complete self-sufficiency in the three major raw materials (phosphate ore, sulfuric acid, and synthetic ammonia), and the profitability of the fertilizer business will reach a high level in the same industry; extending the industrial chain downstream will bring broad room for growth to the company and maintain the company's recommended investment ratings.