Workflow
中国心连心化肥(01866.HK)中期收入约126.66亿元 同比增幅达5%

Core Viewpoint - China Heartland Fertilizer (01866.HK) reported a 5% year-on-year increase in unaudited consolidated revenue to approximately RMB 12.666 billion for the six months ending June 30, 2025, despite a decline in overall gross profit due to price drops exceeding cost reductions [1] Financial Performance - The overall gross profit decreased by 13% year-on-year, primarily due to a nearly 44% drop in gross profit from urea products, which significantly impacted the company's overall profitability [1] - The unaudited consolidated net profit and net profit attributable to the parent company fell by approximately RMB 1.81 billion and RMB 880 million, representing declines of 19% and 13%, respectively [1] - After excluding non-recurring items, the net profit attributable to the parent company decreased by 9% year-on-year [1] Second Quarter Performance - In the second quarter, product prices showed significant improvement, with urea and melamine prices increasing by 10% and 11% quarter-on-quarter, respectively [1] - The sales volume of compound fertilizer and melamine increased by 29% and 20% quarter-on-quarter, respectively, due to the continued expansion of the sales network [1] - The gross profit for the second quarter increased by 44% quarter-on-quarter, leading to a net profit growth of approximately RMB 2.59 billion, a remarkable increase of 104% [1]