第 1 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國心連心化肥有限公司 | | 股份代號 | 01866 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止之末期股息 | | 公告日期 | 2026年3月27日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.32 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA XLX FERTILISER LTD. 中國心連心化肥有限公司 * （ 在 新 加 坡 註 冊 成 立 之 有 限 公 司 ） （香港股份代號：1866） 截至二零二五年十二月三十一日止年度全年業績公佈 中國心連心化肥有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬 公司（統稱「本集團」）截至二零二五年十二月三十一日止年度（「報告期間」或「二零 二五年財政年度」）的綜合業績，連同截至二零二四年十二月三十一日止年度（「二零 二四年財政年度」）比較數字如下： – 1 – 綜合損益及其他全面收益表 截至二零二五十二月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收入 | 4, 5 | 25,352,471 | 23,128,292 | | 銷售成本 | | (21, ...

当地时间周三，全球化工巨头巴斯夫(BASF)宣布鉴于美以伊战争导致的成本上升，公司将提高更多产 品的价格。 港股化工板块： 上海石油化工股份(00338)：公司中国石化的控股子公司，是中国主要的炼油化工一体化企业之一，也 是中国首家在上海、香港和纽约三地上市的公司。主营业务为加工原油生产合成纤维、树脂及塑料、中 间石化产品及成品油产品。 巴斯夫宣布，将在欧洲地区对旗下基础胺类产品组合(commodity amines portfolio)提价，涨幅最高可达 30%，部分产品涨幅可能更高。该调价措施即刻生效，或在现有合同条款允许的情况下实施。 摩根士丹利指出，原料可得性是当前最关键的瓶颈。若冲突持续、霍尔木兹海峡长期无法通行，中东及 亚洲地区的开工率可能进一步下滑，即便部分企业未正式宣布不可抗力，实际产能损失也将持续扩大。 鉴于冲突局势仍具高度流动性，上述追踪可能并未涵盖所有正在发生的停产情况，投资者需持续关注局 势演变对全球化工供应链的进一步冲击。 智通财经获悉，据统计，截至3月15日，国内当周约六成化工品涨价，环比上涨4.55%。其中，丙烯 酸、对硝基氯化苯、蛋氨酸涨幅居前，分别达90.7%、80.3%、5 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA XLX FERTILISER LTD. 中國心連心化肥有限公司 * （ 在 新 加 坡 註 冊 成 立 之 有 限 公 司 ） （香港股份代號：1866） 中國心連心化肥有限公司 董事會主席 劉興旭 香港，二零二六年三月十七日 於本公告日期，本公司執行董事為劉興旭先生、張慶金先生及閆蘊華女士；本公司獨立 非執行董事為王建源先生、李生校先生、王為仁先生及李紅星先生。 * 僅供識別 董事會會議召開日期 中國心連心化肥有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於2026年 3月27日（星期五）舉行董事會會議，其中議程包括考慮及批准刊發本公司及其附屬公司截 至2025年12月31日止年度之綜合全年業績公告於香港聯合交易所有限公司網站，以及考 慮派發末期股息之建議（如有）。 承董事會命 ...

Group 1 - Fertilizer stocks showed significant gains in early trading, with China National Petroleum Corporation (03983) rising by 8.28% to HKD 3.40 [1] - Sinochem Fertilizer (00297) increased by 3.91%, reaching HKD 1.86 [1] - China Heartlink Fertilizer (01866) saw a rise of 2.74%, trading at HKD 12 [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | China XLX Fertiliser Ltd. 中國心連心化肥有限公司（於新加坡註冊成立之有限公司） | | | | 呈交日期: | 2026年3月5日 | | | | I. 法定/註冊股本變動 | 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 01866 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 1,274,680,000 8,561,000 1,283,241,000 增加 / 減少 (-) 本月底結存 1,274,680,000 8,561,000 1,283,241,000 足夠公眾持股量的確認(註 ...

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Insights - The geopolitical situation in Iran is escalating, which may impact the supply expectations and fundamentals of related chemical products. Methanol and urea may face supply disruptions, as Iran's methanol production capacity is significant, accounting for 59.78% of the Middle East's total capacity and 22.86% of international capacity (excluding China) as of February 2026. Urea exports from Iran are projected to be around 4.5 million tons in 2024, making it the third-largest exporter globally [3][4] - Major chemical companies are raising prices for MDI and TDI products, indicating potential price increases in traditional peak seasons. For instance, Hunstman announced a price increase of $260 per ton for MDI in the U.S. market, effective immediately [3][4] - The U.S. government has signed an executive order to protect the supply of phosphorus and glyphosate, which may lead to a revaluation of phosphate resources. This strategic resource is expected to maintain high demand and price stability [3][4] - The chemical industry is anticipated to experience a cyclical recovery and industrial upgrade in 2026, driven by domestic growth policies and a potential easing of monetary policy by the Federal Reserve. This may lead to a moderate recovery in traditional chemical demand [5][6] Summary by Sections Geopolitical Impact - The Iranian geopolitical situation is causing concerns over supply disruptions for chemical products like methanol and urea, with significant production capacities in Iran [3] - Sulfur and aluminum carbonate, which have high import dependencies, may also be affected by geopolitical factors, leading to potential price increases [3] Price Trends - The price of TMP has continued to rise due to tight supply conditions, with a reported price of 12,750 RMB per ton as of February 27, 2026, reflecting a 6.3% increase week-on-week [8] - Prices for refrigerants are expected to rise due to supply constraints and increased demand post-holiday, with notable price increases reported for various refrigerants [4][8] Long-term Investment Recommendations - The chemical industry is expected to benefit from a cyclical recovery and industrial upgrades in 2026, with a focus on sectors like pesticides and tire manufacturing, which may see increased pricing opportunities due to trade barriers [5] - Emerging industries such as sustainable aviation fuel (SAF) and lithium battery materials are projected to grow significantly, driven by global decarbonization policies [5][6]

Core Viewpoint - The stock of China Heartland Fertilizer (01866) has seen an increase of nearly 5% during trading, with a current rise of 3.67% to HKD 11.59, supported by a trading volume of HKD 26.1 million [1] Group 1: Fertilizer Market Trends - During the Spring Festival period, the average sales price of fertilizers in Hunan Province has increased, with a pre-festival average of CNY 2,627.71 per ton, up 2.7% but down 1.3% year-on-year [1] - The average sales price of nitrogen fertilizers reached CNY 2,191.1 per ton, increasing by 4.2% but down 10.1% year-on-year; the average price for compound fertilizers was CNY 3,064.32 per ton, up 1.7% and up 6% year-on-year [1] - The rise in fertilizer prices is primarily supported by the increase in international fertilizer prices and pre-festival stockpiling demand [1] Group 2: Potash Fertilizer Supply and Demand - China is the world's largest consumer of potash fertilizers, but the supply of potash resources is relatively insufficient [1] - As of the end of January 2026, domestic port inventory of potassium chloride was 2.4947 million tons, a decrease of 345,100 tons year-on-year, representing a decline of 12.15% [1] - Due to the increasing emphasis on food production safety, it is expected that domestic potash safety inventory will rise to over 4 million tons [1] Group 3: Pricing and Contracts - The market average price for potassium chloride at the end of January was CNY 3,295 per ton, with a month-on-month increase of 0.4% and a year-on-year increase of 27.52% [1] - In the international market, a cross-border railway contract was established between Chinese importers and the Russian Ural Potash Company, with the February contract price for potassium chloride set at USD 364 per ton (delivered to Manzhouli), an increase of USD 3 per ton from January [1]

Group 1 - China Heartland Fertilizer (01866) saw its stock price increase by nearly 5% during trading, with a current price of 11.59 HKD and a trading volume of 26.1 million HKD [1] - The average sales price of fertilizers in Hunan province rose during the Spring Festival period, with a price of 2627.71 RMB/ton, an increase of 2.7% compared to the previous week, but a year-on-year decrease of 1.3% [1] - The price increase in fertilizers is primarily supported by rising international fertilizer prices and pre-holiday stockpiling demand [1] Group 2 - China is the world's largest potassium fertilizer consumer, but the supply of potassium resources is relatively insufficient [2] - As of the end of January 2026, domestic port inventory of potassium chloride was 2.4947 million tons, a decrease of 345,100 tons year-on-year, representing a decline of 12.15% [2] - The average market price of potassium chloride at the end of January was 3295 RMB/ton, with a month-on-month increase of 0.4% and a year-on-year increase of 27.52% [2] - A cross-border railway contract was signed between Chinese importers and the Russian Ural Potash Company, with the February contract price for potassium chloride set at 364 USD/ton, an increase of 3 USD/ton from January [2]

Core Viewpoint - The successful completion of the national "14th Five-Year" key research and development project led by Xinyan Group marks a significant achievement in agricultural pollution control technology [1][6]. Group 1: Project Overview - The project, initiated in 2021, involved a transition from being a participant to a host, reflecting a four-year journey of overcoming challenges in organization, research management, and execution [3][8]. - The research team focused on nitrogen source pollution control in intensive agricultural areas, conducting mechanism studies, product development, and technology integration [3][8]. Group 2: Achievements and Innovations - The project resulted in the development of four new products, including "Super Control" coated urea and "Water Touch Membrane 3.0" slow-release fertilizer, creating a comprehensive technology system for nitrogen reduction and efficient utilization [3][10]. - Demonstration results in the Huanghuaihai region showed that the integrated "product + agronomy + machinery" model improved nitrogen fertilizer utilization to over 43%, reduced ammonia volatilization by over 49%, and increased crop yields by 5% to 15%, with economic benefits rising by 10% to 24% [10]. Group 3: Collaborative Efforts and Future Directions - The project led to the promotion of 18 research professionals and the joint training of 38 master's and doctoral students, fostering a stable collaborative innovation network across institutions [10]. - Xinyan Group aims to continue its open cooperation with universities and research institutes to promote the transformation of outstanding research results, contributing to the high-quality green development of agriculture in China [10].