China XLX Fertiliser Ltd. Reports Strong Q1 2026 Financial Performance

China XLX Fertiliser Ltd. announced a robust financial performance for Q1 2026. The company's revenue increased by 16.7% year-on-year to RMB 6.82 billion, while net profit surged by 68.7% to RMB 421 million. Contributing factors included simultaneous growth in sales volume and selling price of core products, driven by an optimised product mix and innovation in marketing.

The successful commissioning of the Jiujiang Phase II Project was a key milestone, enhancing economies of scale and reducing unit production costs. Consequently, overall gross profit rose by 53.2% to RMB 1.28 billion. Urea sales alone saw a 27.6% increase in revenue due to higher output and selling prices.

Compound fertiliser sales growth also remained positive, supported by a wider marketing network and increased distribution. Despite certain challenges like rising feedstock costs, the Group maintained a controlled investment pace and improved its debt profile, ensuring financial stability.