1. China Stocks

  2. •

    Process industries

  3. •

    Chemicals: agricultural
China XLX Fertiliser Ltd.

China XLX Fertiliser Ltd.

HHKEX:1866
9.11
HKD
-0.56
(-5.84%)
11.51BMarket Cap
Mar 19Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.37
4.32
4.92
4.86
6.45
7.85
7.62
8.91
14.49
19.08
19.18
19.03
20.58
- -
Basic EPS, GAAP
0.22
0.2
0.35
0.03
0.34
0.53
0.27
0.3
1.11
1.1
0.97
1.2
0.76
- -
Free Cash Flow per Basic Share
-0.71
-0.6
-0.65
-0.38
-0.6
-0.35
-0.49
-1.9
-0.95
0.51
1.52
-1.25
-2.15
- -
Dividend per Share
0.05
0.05
0.05
0.07
0.03
0.07
0.1
0.08
0.1
0.2
0.26
0.24
0.26
- -
Book Value per Share
2.51
2.67
3
2.71
3.06
3.35
3.61
3.87
4.86
5.61
6.31
6.98
7.62
7.62
Tangible Book Value per Share
2.33
2.47
2.78
2.31
2.65
2.78
3.55
3.76
4.75
5.51
6.2
6.85
7.47
7.47
Basic Weighted Avg Shares
1,176
1,176
1,176
1,176
1,172
1,172
1,172
1,172
1,172
1,209
1,224
1,216
1,232
1,231
Sales/Revenue/Turnover
3,969
5,082
5,788
5,711
7,562
9,195
8,928
10,445
16,977
23,072
23,475
23,128
25,352
- -
Operating Margin (%)
10.16
9.62
12.05
5.3
9.44
13.97
9.23
10
16.54
12.39
10.58
9.2
7.98
- -
Depreciation Expense
189
330
393
535
621
653
730
786
1,069
1,421
1,534
1,666
1,887
- -
Net Income, GAAP
264
241
409
30
398
625
316
348
1,295
1,326
1,187
1,459
932
- -
Effective Tax Rate (%)
16.76
17.03
14.63
27.57
12.62
15.68
21.22
16.94
18.67
17.08
15.59
15.27
17.71
- -
Profit Margin (%)
6.65
4.74
7.06
0.53
5.26
6.8
3.54
3.33
7.63
5.75
5.06
6.31
3.68
- -
Working Capital
27
-646
-984
-961
-1,882
-2,305
-2,618
-4,378
-5,615
-4,310
-4,860
-5,067
-4,155
-4,155
LT Debt
3,088
4,045
4,369
4,599
3,838
3,306
4,219
5,727
5,332
6,848
7,289
7,796
13,266
13,266
Total Equity
2,514
2,673
3,001
2,961
3,328
4,913
5,722
6,424
7,963
9,568
10,511
12,522
13,196
13,196
Return on Invested Capital (%)
6.3
6.1
7.52
2.58
6.97
10.37
5.5
5.95
12.47
11.16
9.36
10.06
5.99
- -
Return on Capital (%)
6.62
6.46
7.84
2.67
6.92
8.48
4.21
3.4
7.14
6.61
5.5
5.54
3.45
- -
Return on Common Equity (%)
10.93
9.29
14.4
1.05
13.82
17.94
7.76
7.93
25.34
21.08
16.29
17.53
9.97
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'14
Jun'25
Dec'25
ST Debt
544
4,865
3,430
LT Borrowings
3,715
10,801
13,095
LT Finance Leases
- -
81
170
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,000
1,282
1,279
Market Capitalization
2,001
6,424
10,344

Working Capital

CNY

•

in mil. unless spec.
Jun'14
Jun'25
Dec'25
Total Current Assets
1,917
7,785
6,813
Cash, Cash Equivalents & STI
807
2,368
1,208
Accounts Receivable, Net
47
908
719
Inventories
288
1,890
1,958
Total Current Liabilities
2,025
11,127
10,968
Payables & Accruals
1,471
- -
- -
ST Debt
544
4,865
3,430
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.59%
15.7%
5.39%
Free Cash Flow
19.26%
-21.95%
73.38%
Net Income, GAAP
139.69%
50.26%
-36.14%
Sales/Revenue/Turnover
17.51%
21.67%
9.62%
Total Cash Common Dividend
28.42%
33.21%
10.19%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
23,475
2024
- -
- -
- -
- -
23,128
2025
- -
- -
- -
- -
25,352

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.97
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
0.76

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.26
2024
- -
- -
- -
- -
0.24
2025
- -
- -
- -
- -
0.26

Company Description

Company Profile APIChatGPT
CEO
Wan Lei Song
Full Time Employees
12,964
Sector
Process industries
Industry
Chemicals: agricultural
Address
Xinxiang Economic Development Zone Xinxiang HN China 453731
IPO Date
Oct 8, 2009
Website
chinaxlx.com.hk
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Business
China XLX Fertiliser Ltd. is an investment holding company engaged in the manufacture and sale of fertilizers and related chemical products primarily in Mainland China. The company produces urea, including high-efficiency variants such as controlled-release urea, Junengwang urea, humic acid urea, and multi-layer controlled-release urea; compound fertilizers, encompassing high-efficiency types; methanol; melamine; dimethylformamide (DMF); furfuryl alcohol; liquid ammonia; urea solution for vehicles; and medical intermediates, along with other differentiated products like polyformaldehyde. It operates production bases in Xinxiang (Henan), Xinjiang, and Jiangxi, with coal mining activities and electricity distribution; the company was founded in 1969 and is headquartered in Xinxiang Economic Development Zone, Xinxiang, Henan Province, China. Recent developments include the divestiture of its entire stake in Tianxin Coal Mine in 2024, generating a significant investment gain that contributed to a 23% year-on-year profit increase to RMB 2.01 billion; the launch of operations at the Xinjiang Base's polyformaldehyde project with 60,000 tons annual capacity and the Guang Base Compound Fertiliser facility with 300,000 tons annual capacity by late 2024; and a 29% surge in urea sales volume driven by enhanced production capacity. In the first half of 2025, the company reported a 16.7% quarter-on-quarter revenue increase to RMB 6.82 billion, bolstered by a 15% output rise at its Northeast base, a 23% higher proportion of high-efficiency compound fertilisers with improved gross margins, and recognition of sixteen subsidiaries as New/High Technology Enterprises. Management changes took effect on November 13, 2025, while the company advances its "Two Majors, One Share, Joint Service" marketing model to expand high-efficiency fertiliser adoption amid market downcycles.