| 股份代號: | 01866 | | --- | --- | | 上市法國名稱: | 中國心連心化肥有限公司 | | 日期 (日 / 月 / 年): | 19/08/2025 - 19/09/2025 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 相 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 新 | 原因 | 股份數目 | | | 請參閱上述 * 註 | 有投票權股 (日 / 月 / 年) 福 | | | | | | | | | 份自分比 | | | | | | | | | ( % ) | | DA20250917E00367 | 張慶金 | 1101(L) | | 100,000(L) | HKD 7.2350 | 2,733,000(L) | 0.21(L)16/09/2025 | 格隆汇9月19日丨根据联交所最新权益披露资料显示，2025年9月16日，中国心连心化肥(01866.HK)获执行董事张庆金在场内 ...

Group 1 - The executive director Yan Yunhua increased his stake in China Heartland Fertilizer (01866) by purchasing 60,000 shares at a price of 7.1628 HKD per share, totaling approximately 429,800 HKD [1] - Following the purchase, the total number of shares held by Yan Yunhua is approximately 252 million shares, representing a holding percentage of 19.64% [1]

Core Viewpoint - The executive director Yan Yunhua increased his stake in China Heartland Fertilizer (01866) by purchasing 60,000 shares at a price of HKD 7.1628 per share, totaling approximately HKD 429,800, which indicates confidence in the company's future prospects [1] Summary by Category Shareholding Activity - Yan Yunhua acquired 60,000 shares of China Heartland Fertilizer on September 2 [1] - The purchase price was HKD 7.1628 per share, leading to a total investment of about HKD 429,800 [1] - Following this transaction, Yan's total shareholding increased to approximately 252 million shares, representing a 19.64% ownership stake in the company [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: | 2025年8月31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: | 2025年9月4日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 FF301 II. 已發行股份及/或庫存股份變動 | 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） ...

Core Insights - The article discusses how Xinyan Group, a leading enterprise in the coal chemical industry, has evolved its approach to risk management by integrating futures trading into its operations, transitioning from a passive to an active optimization strategy [1][3][8] Group 1: Company Background and Initial Challenges - Xinyan Group, established in 2003 and listed in 2005, has a strong foothold in the coal chemical sector, with a management team experienced in the industry [1] - The company faced significant challenges due to market price volatility, with methanol prices dropping by 30% within six months and export profits for urea being eroded by international shipping costs [1] Group 2: Shift in Strategy and Learning Journey - In 2019, the team began exploring the futures market after a learning trip to southern China, where they observed successful integration of futures in trading practices [2] - The realization that futures could serve as essential risk management tools led to a shift in the company's mindset, prompting core team members to obtain futures trading qualifications [2][4] Group 3: Implementation and Operational Changes - By September 2024, Xinyan Group's subsidiary, Xinnuo Chemical, adopted a bold strategy of selling spot goods first and then repurchasing from the futures market, effectively locking in profits [4] - Xinnuo Chemical's operations have expanded significantly, with methanol trade volume reaching approximately 1.2 million tons in 2024, establishing a solid foundation for futures application [5] Group 4: Practical Applications and Benefits - The integration of futures pricing into the procurement, production, and sales processes has allowed Xinnuo Chemical to effectively manage costs and enhance customer loyalty through futures pricing options [5] - A collaborative approach with a methanol trader demonstrated the effectiveness of using futures to mitigate price discrepancies and reduce delivery costs [6] Group 5: Challenges and Future Directions - Despite notable successes, Xinyan Group still faces challenges related to understanding and decision-making barriers regarding futures trading [6][7] - The company plans to enhance training and expand its professional team to improve expertise in asset allocation and hedging strategies [7] Group 6: Industry Impact and Future Outlook - Xinyan Group's experience serves as a model for other enterprises in the industry, promoting a collaborative risk management ecosystem among regional chemical companies [8] - The integration of production, trade, and futures is seen as a transformative approach that not only stabilizes operations but also opens new avenues for value creation [8]

Core Insights - The executive director Zhang Qingjin increased his stake in China Heartland Fertilizer (01866) by purchasing 20,000 shares at a price of HKD 7.49 per share, totaling HKD 149,800 [1] - Following this transaction, the total number of shares held by Zhang is now 2.485 million, representing a holding percentage of 0.19% [1]

Core Insights - The executive director Zhang Qingjin increased his stake in China Heartland Fertilizer (01866) by purchasing 20,000 shares at a price of HKD 7.49 per share, totaling HKD 149,800 [1] - Following this transaction, the total number of shares held by Zhang is now 2.485 million, representing a holding percentage of 0.19% [1]

Group 1 - The executive director Zhang Qingjin increased his stake in China Heartland Fertilizer (01866) by purchasing 20,000 shares at a price of 7.18 HKD per share, totaling 143,600 HKD [1] - After the purchase, the total number of shares held by Zhang is 2.465 million, representing a holding percentage of 0.19% [1]

Group 1 - The executive director Zhang Qingjin increased his stake in China Heartland Fertilizer (01866) by purchasing 20,000 shares at a price of HKD 7.18 per share, totaling HKD 143,600 [1] - After the purchase, the total number of shares held by Zhang Qingjin is 2.465 million, representing a holding percentage of 0.19% [1]

Group 1 - The stock price of China Heart and Heart Fertilizer (01866.HK) closed at 7.510 HKD on August 22, 2023, marking a 1.62% increase from the previous trading day, with an intraday high of 7.620 HKD, the highest in nearly a year [1] - The company is a large coal chemical group engaged in R&D, production, sales, and services, established in 1969 and listed in Hong Kong in 2009 [2] - The company has three major production bases in Henan, Xinjiang, and Jiangxi, with total assets of 27.9 billion RMB and over 8,500 employees [2] Group 2 - China Heart and Heart Fertilizer is a leading urea producer in terms of production and sales, with its compound fertilizer sales ranking among the top in the industry [2] - The company has been recognized as a national high-tech enterprise and has advanced gasification technology, with multiple research and development platforms [2] - The company has received numerous accolades, including being listed in the Fortune China 500 and recognized for its environmental performance [2] Group 3 - The company emphasizes innovation as a primary productivity driver and has been rated as a benchmark enterprise for synthetic ammonia energy efficiency for thirteen consecutive years [2] - The corporate culture is centered around integrity, dedication, focus, and excellence, aiming to create value for customers and society [2] - During the 14th Five-Year Plan period, the company will focus on a strategy of "high efficiency, high-end, and high quality," aiming to enhance its core competitiveness and become a modern large-scale coal chemical group [2]