HK Stock Market Move | CHINA XLX FERT (01866) rose over 4% in the afternoon, exceeding earnings expectations for the first quarter.

CHINA XLX FERT (01866) rose more than 4% in the afternoon, up 3.99% as of the time of writing, at HK$11.21, with a turnover of HK$40.6885 million. On the news front, CHINA XLX FERT's first quarter performance forecast shows that the main business income for the period is expected to be between 6.7 billion and 7 billion RMB, a year-on-year increase of 15% to 20%, with a net profit attributed to the parent company of between 280 million and 300 million RMB, a significant year-on-year increase of 41% to 52%. Guotou Securities International believes that the company's performance in the first quarter exceeded expectations, and has raised the net profit forecast for 2026 to 1.5 billion, maintaining a "buy" rating. The bank noted that the spring farming fertilizer usage in major agricultural areas in China ended in May, and the market entered the traditional off-season. At this time, opening up exports will not only threaten domestic food security, but also effectively relieve the price pressure caused by accumulated inventory for enterprises. Urea exports in 2026 may start in May, with the current domestic urea price at 1850 RMB/ton, and the price difference between domestic and overseas markets exceeds 3000 RMB/ton.