CHINA XLX FERT (01866) announces a profit increase, with an estimated first-quarter net profit attributable to shareholders of 2.8 billion to 3.0 billion yuan, an increase of 41% to 52% year-on-year.

CHINA XLX FERT (01866) announced that the group's main operating income for the three months ending March 31, 2026 is expected to be between RMB 6.7 billion and RMB 7.0 billion, an increase of 15% to 20% year-on-year. Net profit attributable to equity holders is expected to be between RMB 280 million and RMB 300 million, an increase of 41% to 52% year-on-year. The basic earnings per share range is from RMB 0.23 to RMB 0.24. During the period, the group's performance significantly increased, mainly due to the simultaneous increase in the volume and price of core products, leading to an overall increase in gross profit. On one hand, with the operation of the Jiujiang Phase II project and the successful entry into the trial production stage of the chemical new materials Phase I project at the Xinxiang base, the release of new production capacity further expanded the sales scale, while consolidating and strengthening the group's cost competitiveness. On the other hand, the group fully focused on market demand, continued to increase the research and development of differentiated products, promoted the optimization and upgrading of product structure, and steadily increased the average selling price of products. The price increase of products such as urea and melamine was particularly significant, providing a solid guarantee for the growth of performance.