Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 心连心 CHINA XLX FERTILISER LTD . 中國 心連心 化肥 有限公司 * ( Incorporated in Singapore with limited liability ) ( Hong Kong Stock Code : 1866 ) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 The Board of Directors ( the " Board " ) of China XLX Fertiliser Ltd. ( the “ Company ” ) is pleased to announce its unaudited consolidated interim results of the Company and its subsidiaries ( collectively the " Group " ) for the six months ended 30 June 2026 ( “ 1H2026 ” or the “ Reporting Period ” ) together with the disclosed comparative figures for the corresponding period of the previous year as follows : In 1H2026 , the Group achieved an operating revenue of RMB 15.7 billion , representing a year - on - year ( " YoY " ) growth of 24 % . Net profit amounted to RMB1.23 billion , representing a YoY growth of 62 % . Net profit attributable to the owners of the parent company amounted to RMB920 million , representing a YoY growth of 54 % . The substantial growth of operating results and significant improvement in profitability was attributable to the full realisation of the Group's three core competitive advantages - scaled development , structural upgrading , and refined management . During the Reporting Period , the Group's newly added production capacity was successfully commissioned , underpinning the sales growth of core products such as urea and liquid ammonia and effectively strengthening market supply capability . Leveraging the benefits of scaled operations , the Group continued to reduce unit production costs for core products including urea , resulting in a 66 % YoY increase in urea gross profit and further reinforcing its low - cost competitive advantage . This , in turn , contributed to a 49 % YoY increase in overall Group gross profit . Building on this foundation , the Group advanced the upgrading of its product mix and marketing system . It steadily increased the production - sales proportion of high - efficiency fertilisers . The sales volume proportion of high - efficiency fertilisers increased by 4 percentage points , continuously improving the structure of product profitability . At the same time , it capitalised on domestic - overseas price differentials to optimise its sales layout , expanding overseas sales of melamine and other products and raising average selling prices . Meanwhile , amid geopolitically driven periodic price increases for basic chemicals such as methanol and liquid ammonia , the Group fully utilised its flexible production capabilities to adjust its product portfolio and accurately capture favourable market windows to maximise profitability . −1–