Welcome to our dedicated page for CHINA XLX FERTILISER news (Ticker: CXLFF), a resource for investors and traders seeking the latest updates and insights on CHINA XLX FERTILISER stock.
China XLX Fertiliser Ltd (CXLFF) is a leading company in the fertilizer industry, focusing on sustainable growth and risk management. They specialize in producing high-quality fertilizers to meet the agricultural needs of customers worldwide. With a strong financial position and a commitment to innovation, China XLX Fertiliser Ltd continues to expand its product line and enhance its market presence.
China XLX Fertiliser reported its 2024 annual results, showing mixed performance with revenue declining 1.5% YoY to RMB 23.13 billion, while profit attributable to owners increased 23.0% YoY to RMB 1.46 billion. The company raised its final dividend by 8.3% to RMB 0.26 per share.
The company's performance was impacted by declining domestic coal prices and market oversupply. Key highlights include:
- Urea sales volume increased 29% YoY, though selling prices declined 17%
- Compound fertiliser revenue decreased 2% YoY to RMB 5.99 billion
- Methanol sales revenue grew 14.5% YoY to RMB 2.68 billion
- Finance costs reduced by 15% YoY
The company implemented its "Two Majors, One Share, Joint Service" marketing model to strengthen brand awareness and market share. New facilities including a 60,000-ton polyformaldehyde project and a 300,000-ton compound fertiliser project commenced operations, expanding the company's production capacity.
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