HK Stock Market Move | CHINA XLX FERT (01866) rose over 3% in late trading, with its Stock Connect shareholding ratio continuing to climb, as new production capacity opens up room for growth.

CHINA XLX FERT (01866) rose over 3% in late trading. As of press time, it was up 3.26% at HK$10.13, with a turnover of HK$34.9995 million. On the news front, CHINA XLX FERT was officially included in Stock Connect on September 7. With the southbound capital channel opened, the company's market attention has continued to rise, and expectations for improved liquidity are gradually being realized. Data shows that as of September 23, the company's Stock Connect shareholding ratio had increased to 2.66%. As more domestic and international institutional investors come into view, the increase in the company's market value and liquidity is expected to support its business expansion and long-term value release. Public information shows that CHINA XLX FERT is a leading domestic urea and compound fertilizer company. SDIC Securities International said that looking ahead, the Xinxiang base and Zhundong base projects will be completed and put into operation in the third quarter and fourth quarter of this year, respectively, while the Guangxi base project is expected to be completed and put into operation in the third quarter of 2027. After completion, total urea production capacity will exceed 8 million tonnes per year, compound fertilizer will exceed 6 million tonnes per year, and total fertilizer production capacity will rise to more than 14 million tonnes. As new production capacity is gradually commissioned, economies of scale will further dilute unit production costs.