In the latest news, on November 27th, Kunming Chuannuoke Chemical Co., Ltd. (hereinafter referred to as "Chuannuoke") of China signed an agreement with Egypt's El Sewedy Industrial Development to invest in and construct a large - scale phosphorus chemical project in the Suez Canal Economic Zone.

According to an announcement from the Egyptian Cabinet, the total investment of this project reaches $1 billion, covering an area of 905,000 square meters. It is expected to create approximately 10,000 jobs, and most of its products will be mainly targeted at the international market.

The announcement stated that the project will be constructed in three phases:

Mostafa Madbouly, the Egyptian Prime Minister who attended the signing ceremony, spoke highly of the project, noting that it represents a significant achievement in the Suez Canal Economic Zone's efforts to introduce large - scale industrial projects in key industries.

Waleed Gamal El - Din, Chairman of the General Authority of the Suez Canal Economic Zone, stated that the signing of this large - scale industrial complex construction project constitutes a crucial step in advancing the development of heavy industry and the process of industrial localization in the region.

As a traditional cyclical industry, the phosphorus chemical sector is embracing new development opportunities driven by both agricultural demand and the demand for new energy materials. As a high - quality enterprise in the wet - process phosphoric acid sector, Chuannuoke has achieved rapid performance growth by virtue of its flexible production advantages and precise cost control. Meanwhile, it has actively launched overseas project layouts, opening up broad room for future growth.

It is reported that exports account for around 50% of Chuannuoke's total product sales. Its phosphoric acid, calcium salt and fertilizer products are sold to Southeast Asia, South Asia, the Middle East, South America and other regions. The company is constructing the Suez Phosphorus Chemical Project in Egypt, with a planned annual output of 800,000 tons of sulfuric acid, 300,000 tons of technical wet - process crude phosphoric acid, 150,000 tons of 52% phosphoric acid, 300,000 tons of ammonium dihydrogen phosphateand 20,000 tons of sodium hexafluorosilicate. Egypt boasts abundant phosphate rock reserves, with proven reserves approaching 3 billion tons, ranking third in the world. By choosing Egypt as the project site, the company can reduce the intermediate costs incurred in the import of raw materials and optimize its cost structure.

In the first three quarters of 2025, Chuannuoke achieved simultaneous growth in both revenue and profits. Specifically, the company's expected operating income ranged from 2.75 billion yuan to 2.85 billion yuan, representing a year - on - year increase of 24.99% - 29.54%; the expected net profit attributable to shareholders of the listed company stood at 290 million yuan to 310 million yuan, a year - on - year surge of 162.56% - 180.66%; and the expected net profit attributable to shareholders of the listed company after deducting non - recurring gains and losses was 276 million yuan to 296 million yuan, a year - on - year rise of 172.88% - 192.63%.

Chuannuoke stated that the market demand in its sector has remained robust since the start of this year. The company has seized the opportunity to adjust its production plans and product mix by leveraging its flexible production capacity, increasing the proportion of high - margin products, thereby boosting its sales revenue and profits. At the same time, the company has also been strengthening cost control to enhance its overall profitability.

Previously, in response to the competitive dynamics and trends in the new energy market, Chuannuoke took the initiative to slow down the construction progress of its three lithium iron phosphate cathode material projects. By the end of June 2025, the company officially reallocated 455 million yuan of raised funds—originally earmarked for the layout of battery - grade lithium iron phosphate cathode material projects and related initiatives—to the Chuannuoke (Egypt) Suez Phosphorus Chemical Project, refocusing its efforts on its core phosphorus chemical business.