HK Stock Market Move | CHINA XLX FERT (01866) rises over 4% again as Jun Dong is officially included in the national oil and gas strategy. The companys Jun Dong project is expected to commence production next month.

CHINA XLX FERT (01866) has risen over 4%, and as of this report, it has increased by 4.3%, reaching HK$11.64, with a trading volume of HK$32.5821 million. In terms of news, the National Development and Reform Commission and the National Energy Administration issued the "14th Five-Year Plan for Oil and Natural Gas Development" on August 17, explicitly promoting the construction of coal-to-oil and gas strategic bases in Xinjiang, including in the Zhundong and Hami areas. As the largest and most resource-rich integrated coalfield in China, the construction of the Zhundong coal-to-gas strategic base is accelerating, with several major projects worth tens of billions being expedited. Public information shows that CHINA XLX FERT is implementing a multi-base layout domestically. Among them, the Xinjiang base integrates the Manas and Zhundong plants, leveraging the advantage of low-cost raw materials. According to reports, the Xinjiang Xinlianxin Zhundong project has entered its final sprint stage, with a total investment of 30 billion yuan, expected to commence production by the end of October this year. The first phase of the project involves an investment of approximately 7 billion yuan, covering an area of over 3,500 acres, with plans to produce 320,000 tons of melamine, 500,000 tons of efficient compound fertilizer, 200,000 tons of food-grade carbon dioxide, and 200,000 tons of industrial-grade carbon dioxide annually.