HK Stock Connect Insight | CHINA XLX FERT (01866.HK) First-Half Net Profit Attributable Up 53.64% YoY, Down 20.76% Since Stock Connect Inclusion

NewTimeSpace News: On October 22, 2026, CHINA XLX FERT closed at HKD 9.105, down 5.84% for the day, with turnover of HKD 41.1732 million.

According to publicly available information, CHINA XLX FERT listed on HKEX on December 8, 2009. The company is incorporated in Singapore, and its core operating entity, Xinlianxin Group, was founded in 1969 and is headquartered in Xinxiang, Henan, China. The group initially had three major production bases in Xinxiang, Henan, Manas, Xinjiang and Jiujiang, Jiangxi, and has since expanded to locations including Zhundong in Xinjiang and Guigang in Guangxi.

Over the past 52 weeks, the share price has ranged from a high of HKD 12.98 to a low of HKD 7.02. As of October 22, 2026, the stock closed at HKD 9.105, about 29.85% below its 52-week high. Since its inclusion in Stock Connect, the share price has fallen from HKD 11.49 at the close on September 7, 2026 to HKD 9.105, a decline of about 20.76%.

Hang Seng Indexes Company announced on August 21, 2026 the results of its quarterly review of the Hang Seng Index series for the period ended June 30, 2026, under which CHINA XLX FERT was included in the Hang Seng Composite Index with effect from September 7, 2026. The Shanghai and Shenzhen stock exchanges subsequently adjusted their respective lists of eligible securities under Stock Connect, and the company's shares were included in the list of eligible securities for Stock Connect with effect from September 7, 2026.

CHINA XLX FERT is a large coal chemical group integrating research and development, production, sales and services, with a product portfolio covering more than 30 products including urea, compound fertilizer, methanol, liquid ammonia, melamine, DMF, automotive-grade urea solution and pharmaceutical intermediates.

On the financial front, the company's revenue for the first half of 2026 was RMB 15.74 billion, up 24.27% year on year, of which revenue from urea was RMB 3.981 billion, up 23.4% year on year, and revenue from compound fertilizer was RMB 4.103 billion, up 15.1% year on year. Net profit attributable to shareholders was RMB 921 million, up 53.64% year on year, and urea sales volume was 2.336 million tonnes, up 21% year on year.

A research report by Guotai Haitong Securities noted that, with the Xinxiang and Zhundong base projects expected to commence production in the third and fourth quarters of 2026 and the Guangxi base project expected to commence production in the third quarter of 2027, capacity expansion in urea and compound fertilizer is expected to drive sustained profit growth.