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中国心连心化肥公布前三季度业绩 归母净利约8亿元 同比减少47.86%

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]