中国心连心化肥(01866)发布公告，于2025年10月27日，该公司斥资517.69万港元回购70.4万股股份，每 股回购价格为7.25-7.4港元。 ...

格隆汇10月27日丨中国心连心化肥(01866.HK)公告，10月27日耗资517.7万港元回购70.4万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 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） | | | | --- | --- | --- | --- | | 表格類別： 呈交日期： | 股票 2025年10月27日 | 狀態： | 新提交 | 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01866 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | ...

Core Insights - The expert group highly praised the effectiveness of the project on "Nitrogen-efficient and long-lasting agricultural non-point source pollution reduction mechanisms and technologies" during the corn yield measurement event held by Henan Xinlianxin Group [1] - The innovative products "Super Control Soil" and "Water Touch Membrane 3.0" developed by Xinlianxin Group have shown significant results in achieving "reduced fertilizer, increased yield, and reduced pollution" [1][2] Summary by Categories Project Evaluation - The measurement covered four core experimental fields, thoroughly testing the integrated effects from products to technical models [1] - The results from the sub-project led by the chief agronomist of Xinlianxin Group, Yue Yanjun, were particularly impressive, with a 15% reduction in fertilizer leading to a yield of 644.63 kg per mu, an increase of 49.27 kg (8.2%) compared to conventional fertilization [1] - The "Super Control Soil" treatment achieved a yield of 657.88 kg per mu, surpassing conventional fertilization by 62.52 kg (10.5%) [1] Product Impact - The measurement serves as a critical verification of the core products "Super Control Soil" and "Water Touch Membrane 3.0" in practical field applications [2] - The scientific and rigorous data collected will not only serve as a core basis for project acceptance but also provide a replicable and promotable "Xinlianxin solution" for controlling agricultural non-point source pollution [2]

Core Viewpoint - China Heartland Fertilizer (01866) reported a revenue of approximately 17.963 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 3.12%, while the net profit attributable to shareholders decreased by 47.86% to around 800 million yuan, with basic earnings per share at 0.651 yuan [1] Financial Performance - Revenue for the first three quarters reached approximately 17.963 billion yuan, marking a 3.12% increase year-on-year [1] - Net profit attributable to the parent company was about 800 million yuan, representing a significant decline of 47.86% compared to the previous year [1] - Basic earnings per share stood at 0.651 yuan [1] Production Impact - The company experienced a temporary reduction in product output during the third quarter of 2025 due to maintenance, with a total reduction of approximately 269,000 tons in products such as urea, liquid ammonia, and DMF, reflecting a year-on-year decrease of about 19% [1] - This production decrease negatively impacted the company's total profit by approximately 226 million yuan [1] Future Outlook - Despite the short-term impact of maintenance on performance, the company expects improved operational efficiency and capacity release from core production equipment, laying a solid foundation for stable production and performance recovery in the future [1] - The successful commissioning of the Jiujiang Phase II project is anticipated to further enhance low-cost capacity release, strengthening the company's market competitiveness and supporting long-term profit growth [1]

Core Viewpoint - China Heartlink Fertilizer (01866) reported a revenue of approximately 17.963 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 3.12%, while the net profit attributable to shareholders decreased by 47.86% to around 800 million yuan [1] Financial Performance - Revenue for the first three quarters reached approximately 17.963 billion yuan, marking a 3.12% increase year-on-year [1] - Net profit attributable to the parent company was about 800 million yuan, a significant decrease of 47.86% compared to the previous year [1] - Basic earnings per share stood at 0.651 yuan [1] Production Impact - The company experienced a temporary reduction in product output during the third quarter of 2025 due to maintenance, with a total reduction of approximately 269,000 tons in products such as urea, liquid ammonia, and DMF, representing a year-on-year decline of about 19% [1] - This production decrease negatively impacted the total profit by approximately 226 million yuan [1] Future Outlook - Despite the maintenance affecting the performance in the first three quarters, the company expects improvements in operational efficiency and production capacity from the core production equipment, laying a solid foundation for stable production and performance recovery in the future [1] - The successful commissioning of the Jiujiang Phase II project is anticipated to further release low-cost production capacity, enhancing the company's market competitiveness and supporting long-term profit growth [1]

Financial Performance - For the first three quarters of 2025, the company's operating revenue reached RMB 17,962,803,000, an increase of approximately 3.1% compared to RMB 17,419,724,000 in the same period last year[5] - Net profit for the same period was RMB 1,008,393,000, a significant decrease of about 50.4% from RMB 2,031,307,000 year-on-year[5] - The total sales revenue reached RMB 17,962,803,000 with a gross profit of RMB 2,899,732,000, resulting in an overall gross margin of 16%[16] Production and Sales - The production volume of key products such as urea, liquid ammonia, and DMF decreased by approximately 269,000 tons, representing a year-on-year decline of about 19% due to maintenance activities[4] - Urea sales volume decreased by 14% year-on-year due to maintenance at key production bases, while compound fertilizer sales volume increased by 12% year-on-year[22] - Methanol production reached 1,180,000 tons, a 37% increase year-on-year, despite a 6% overall decline in production due to maintenance[23] Asset Management - The total assets of the group increased by 20% to approximately RMB 37,060,187,000 compared to RMB 32,518,244,000 at the beginning of the period[7] - The net asset attributable to the parent company rose to RMB 9,753,067,000, up from RMB 8,961,166,000 at the beginning of the period[7] - The company's asset-liability ratio increased to 64.8%, up from 61.5% at the beginning of the period, primarily due to an increase in loan scale[7] Cost Control and Efficiency - The company focused on internal cost control, with the ratio of three expenses to revenue decreasing by 1 percentage point year-on-year, despite an increase in sales expenses due to higher product sales[6] - The average loan interest rate decreased by 0.6 percentage points to 3.2%, optimizing the financing cost and borrowing structure[8] - The construction of the chemical new materials project in Xinxiang is progressing as planned, with a projected completion of the ammonia production line by the end of 2025, which is expected to lower production costs by about 12%[32] Market Strategy and Competitiveness - The successful commissioning of the Jiujiang Phase II project is expected to enhance the company's market competitiveness and support long-term profit growth[4] - The company aims to enhance its market competitiveness and profitability through the gradual release of low-cost production capacity and the introduction of differentiated high-efficiency fertilizer products[35] - The company is focusing on a "low cost + differentiation" strategy to enhance brand value and industry scale, leveraging technological innovation and efficient operations[37] Pricing and Margins - The average selling price of urea decreased by 16% year-on-year, influenced by increased market supply and weak downstream demand[17] - The gross margin for the chemical segment increased by nearly 45% year-on-year, driven by low-cost ammonia and methanol as raw materials[15] - The gross margin for melamine improved to 34%, up 3 percentage points, supported by cost reductions and favorable export pricing[30] - The average selling price of DMF decreased by 6% year-on-year due to oversupply and weak demand in the downstream market[20] - DMF gross profit margin increased due to a 14% year-on-year decline in comprehensive costs, with production costs reduced by approximately 4% and raw material coal prices down nearly 10%[31] Future Outlook - The company anticipates a stable fertilizer market in Q4 2023, despite traditional seasonal demand weakness, due to the accelerated elimination of backward production capacity and environmental policy controls[36] - The Jiujiang Phase II project is expected to reduce comprehensive production costs by approximately 10% while maintaining full-load production of urea[34] - The company plans to enhance the promotion of high-margin products like compound fertilizers to improve profitability amid a weak pricing environment[17]

Core Viewpoint - China Heartland Fertilizer (01866.HK) announced that it will hold a board meeting on October 24, 2025, to consider and approve the publication of the unaudited third-quarter performance announcement for the three months ending September 30, 2025 [1] Group 1 - The board meeting is scheduled for October 24, 2025 [1] - The agenda includes the consideration and approval of the unaudited third-quarter results [1] - The performance announcement will be published on the Hong Kong Stock Exchange website [1]

承董事會命 中國心連心化肥有限公司 董事會主席 劉興旭 香港，二零二五年十月十四日 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。 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） 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，本公司將於二零二 五年十月二十四（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 屬公司截至二零二五年九月三十日止三個月之未經審核第三季度業績公告於香港聯合交 易所有限公司網站。 * 僅供識別 ...

Core Viewpoint - China Heartland Fertilizer (01866) is experiencing a significant decline in stock price, dropping over 3% to HKD 7.39, with a trading volume of HKD 13.98 million. The company anticipates a substantial decrease in net profit for the first three quarters of 2025 compared to the previous year [1]. Financial Performance - The company expects to achieve a net profit of approximately RMB 960 million to RMB 1.06 billion for the first three quarters of 2025, representing a year-on-year decrease of 53% to 48% [1]. - The anticipated net profit after deducting non-recurring items is also projected to be around RMB 960 million to RMB 1.06 billion, reflecting a year-on-year decline of 27% to 19% [1]. - The net profit attributable to the parent company is expected to be between RMB 760 million to RMB 840 million, indicating a year-on-year decrease of 50% to 45% [1]. Operational Factors - The decline in performance is attributed to factors such as base maintenance and falling product prices [1]. - Despite the challenges, the successful commissioning of the second phase of the Jiujiang base project is seen as a positive development, laying a foundation for future project construction and supporting long-term high-quality growth [1].