Core Viewpoint - China Heartlink Fertilizer (01866) reported a mid-year performance for 2025, showing a revenue of approximately 12.666 billion yuan, a year-on-year increase of about 5%, while net profit attributable to shareholders decreased by 12.77% to approximately 599 million yuan [1] Financial Performance - Revenue for the first half of the year was approximately 12.666 billion yuan, reflecting a year-on-year growth of about 5% [1] - Net profit attributable to the parent company was approximately 599 million yuan, representing a decrease of 12.77% compared to the previous year [1] - Basic earnings per share were reported at 51.50 cents [1] Cost and Margin Analysis - Despite a decline in raw material costs, the overall gross profit margin decreased by 13% due to a greater decline in product prices compared to cost reductions [1] - The gross profit margin for urea products fell nearly 44%, significantly impacting the overall gross profit of the group [1] Second Quarter Performance - In the second quarter, product prices showed a notable improvement, with urea and melamine prices increasing by 10% and 11% respectively on a quarter-on-quarter basis [1] - Sales volume for compound fertilizers and melamine increased by 29% and 20% respectively, driven by an expanding sales network [1] - The gross profit for the second quarter increased by 44% quarter-on-quarter, contributing to a net profit growth of approximately 259 million yuan, marking a substantial increase of 104% [1]
中国心连心化肥(01866)公布中期业绩 母公司拥有人应占溢利约5.99亿元 同比减少12.77%