1. China Stocks

  2. •

    Process industries

  3. •

    Chemicals: agricultural
China XLX Fertiliser Ltd.

China XLX Fertiliser Ltd.

HHKEX:1866
9.10
HKD
+0.00
(-0.05%)
11.51BMarket Cap
Mar 19Next Earn
China XLX Fertiliser Ltd.
HKEX:1866
(Hong Kong Exchange)

Recent

price

9.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.85
3.67
3.36
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
- -
Revenue per Share
0.14
0.18
0.26
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
- -
Basic EPS, GAAP
-0.21
-0.3
-0.45
-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
- -
Free Cash Flow per Basic Share
0.03
0.03
0.03
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
- -
Dividend per Share
1.59
2.06
2.32
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
Book Value per Share
1.59
1.97
2.14
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
Tangible Book Value per Share
1,000
1,005
1,176
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
Basic Weighted Avg Shares
2,851
3,688
3,946
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
- -
Sales/Revenue/Turnover
8.05
8.31
11.66
9.89
9.11
11.7
5.17
9.11
13.43
8.55
9.28
16.01
12.06
10.23
8.82
7.52
- -
Operating Margin (%)
167
174
184
189
330
393
535
621
653
730
786
1,069
1,421
1,534
1,666
1,887
- -
Depreciation Expense
145
181
311
264
241
409
30
398
625
316
348
1,295
1,326
1,187
1,459
932
- -
Net Income, GAAP
0.23
19.72
16.4
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
- -
Effective Tax Rate (%)
5.07
4.89
7.89
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
- -
Profit Margin (%)
118
288
105
27
-646
-984
-961
-1,882
-2,305
-2,618
-4,378
-5,615
-4,310
-4,860
-5,067
-4,155
-4,155
Working Capital
1,023
1,067
1,679
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
LT Debt
1,589
2,062
2,328
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
Total Equity
8.75
7.13
9.21
6.13
5.78
7.3
2.52
6.72
9.96
5.11
5.53
12.07
10.86
9.05
9.74
5.65
- -
Return on Invested Capital (%)
7.56
7.52
9.33
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 Capital (%)
9.44
9.89
14.2
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
- -
Return on Common Equity (%)

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%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
23,128
2025
- -
- -
25,352
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.2
2025
- -
- -
0.76
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.24
2025
- -
- -
0.26
2026
- -
- -
- -
Similar Companies
UPL Limited (NSE:UPL)
Mosaic Company (The) (NYSE:MOS)
CF Industries Holdings, Inc. (NYSE:CF)
PhosAgro (MOEX:PHOR)
Abou Kir Fertilizers & Chemical Industries Co. (EGX:ABUK)
Misr Fertilizers Production Company MOPCO (EGX:MFPC)
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.