Hubei Yihua commissions fertilizer projects, guarantees hit 165% of assets

Hubei Yihua Chemical Industry commissioned its 400,000 tons/year diammonium phosphate and 200,000 tons/year sulfur-based compound fertilizer projects, with facilities now in full production.

The company's total external guarantees reached 1.21 billion yuan, representing 164.80% of net assets, including a 175 million yuan guarantee for wholly-owned subsidiary Hubei Yihua International Trade.