China XLX Fertiliser Reports Significant Profit Increase in 2026 Interim Results

China XLX Fertiliser Ltd. announced a remarkable 62% year-on-year increase in net profit, reaching approximately RMB 1.229 billion for the first half of 2026. The net profit attributable to the parent company's owners increased by 54% to RMB 921 million. Revenue grew by 24% year-on-year to approximately RMB 15.74 billion.

The performance was driven by business scaling, structural upgrades, and enhanced management, along with successful new production facilities leading to increased supply capacity. Urea sales revenue alone rose 23% year-on-year to RMB 3.981 billion. Additionally, China XLX optimised its product mix and marketing strategy, particularly for high-efficiency fertilisers and melamine sales overseas.

Looking forward, China XLX plans to commission new facilities, potentially reducing production costs further and increasing product differentiation, despite expecting a slight decrease in urea selling prices.