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Profit Surge: Net profit rose 23% year-on-year to RMB 1.46 billion, despite a 1.5% drop in revenue to RMB 23.13 billion.

Urea Sales Up: Sales volume increased 29% year-on-year, but selling prices fell 17%, impacting margins.

Operational Expansion: New projects in Xinjiang and Guangxi expanded production capacity, supporting future growth.

China XLX Fertiliser Ltd. (HKSE: 01866.HK) reported a 23% year-on-year increase in net profit for 2024, reaching approximately RMB 1.46 billion, despite a 1.5% decline in total revenue to RMB 23.13 billion. The growth was primarily driven by cost optimizations, strategic disinvestment, and expansion into new production facilities.

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