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PaySaxas Secures EMI License and Appoints Dmitrii Barbasura as CEO, Ushering in a New Era of Growth
Helsinki, Finland - May 19, 2025 - (SeaPRwire) - Paysaxas Oy, the licensed entity behind the PaySaxas fintech brand, proudly announces two major milestones: the successful acquisition of an Electronic Money Institution (EMI) license from the Finnish Financial Supervisory Authority (FIN-FSA) and the appointment of Dmitrii Barbasura as Chief Executive Officer. These developments mark a significant step in the company's mission to revolutionize business access to financial services across Europe."I am honored to lead PaySaxas at this pivotal moment," said Dmitrii Barbasura, CEO of PaySaxas. "With our EMI license secured, we are poised to accelerate expansion across Europe, enhance our infrastructure, and strengthen customer trust. PaySaxas is dedicated to innovation, compliance, and delivering an exceptional financial experience. I look forward to driving the company forward as we set new standards in the fintech industry."A Milestone in Regulatory AdvancementThe FIN-FSA EMI License, granted to Paysaxas Oy, authorizes the issuance of electronic money and the provision of payment services throughout the European Economic Area, subject to EU passporting. As the regulatory foundation behind the PaySaxas platform, Paysaxas Oy ensures secure, compliant, and scalable operations. The company is officially listed in the European Banking Authority’s central register, further reinforcing its credibility as it expands across Europe. This regulatory recognition highlights the company’s commitment to upholding the highest standards in financial services, ensuring transparency, security, and compliance with European financial regulations.EMI status is expected to propel PaySaxas’s growth by providing a strong regulatory endorsement, increasing confidence among clients and partners. The license enables the company to scale its infrastructure, support higher transaction volumes, and maintain stringent oversight and risk controls. As a regulated EMI, PaySaxas is committed to delivering seamless and innovative financial solutions, including faster cross-border transactions, all under the supervision of a respected European authority.Strategic Leadership for a New Growth PhaseThe appointment of Dmitrii Barbasura as CEO comes at a time of rapid growth and expansion for PaySaxas. With an extensive background in fintech and financial services, Barbasura brings a wealth of experience in scaling businesses, driving innovation, and fostering strategic partnerships. His leadership will be instrumental in strengthening the market position of PaySaxas and expand the service offerings of PaySaxas to meet the evolving needs of businesses across Europe.Dmitrii Barbasura's expertise in the fintech sector positions him as the ideal leader to guide PaySaxas through its next phase of development. His deep understanding of financial technology, regulatory compliance, and strategic growth aligns with the company's mission of delivering cutting-edge financial solutions while maintaining the highest standards of security and compliance. Under his leadership, PaySaxas is set to introduce innovative services that enhance the customer experience and support the company's long-term growth objectives.Expanding Services and Future OutlookWith its new regulatory status, PaySaxas plans to introduce a range of enhanced financial products and services designed to support businesses in managing payments more efficiently. The company aims to leverage its EMI license to develop faster and more secure payment processing solutions, multi-currency support, and enhanced financial management tools tailored to the needs of modern enterprises.Looking ahead, PaySaxas is focused on building strong partnerships with financial institutions, technology providers, and businesses seeking robust payment infrastructure. The company remains dedicated to continuous innovation, ensuring that its platform remains at the forefront of the evolving financial services industry.With a seasoned leader at the helm and a robust regulatory framework in place, PaySaxas is entering an exciting new chapter. These milestones reaffirm the company's commitment to innovation, regulatory excellence, and customer-centric financial solutions. Under Barbasura's leadership, PaySaxas is well-positioned to expand its footprint and redefine financial infrastructure for businesses across Europe.Social LinksX: https://twitter.com/paysaxasInstagram: https://www.instagram.com/paysaxasLinkedIn: https://www.linkedin.com/company/paysaxas/Facebook: https://www.facebook.com/paysaxasMedia contactBrand: PaySaxasContact: Svyat SerbinEmail: marketing@paysaxas.comWebsite: https://paysaxas.com19/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 19
PaySaxas Secures EMI License and Appoints Dmitrii Barbasura as CEO, Ushering in a New Era of Growth
Helsinki, Finland - May 19, 2025 - (SeaPRwire) - Paysaxas Oy, the licensed entity behind the PaySaxas fintech brand, proudly announces two major milestones: the successful acquisition of an Electronic Money Institution (EMI) license from the Finnish Financial Supervisory Authority (FIN-FSA) and the appointment of Dmitrii Barbasura as Chief Executive Officer. These developments mark a significant step in the company's mission to revolutionize business access to financial services across Europe."I am honored to lead PaySaxas at this pivotal moment," said Dmitrii Barbasura, CEO of PaySaxas. "With our EMI license secured, we are poised to accelerate expansion across Europe, enhance our infrastructure, and strengthen customer trust. PaySaxas is dedicated to innovation, compliance, and delivering an exceptional financial experience. I look forward to driving the company forward as we set new standards in the fintech industry."A Milestone in Regulatory AdvancementThe FIN-FSA EMI License, granted to Paysaxas Oy, authorizes the issuance of electronic money and the provision of payment services throughout the European Economic Area, subject to EU passporting. As the regulatory foundation behind the PaySaxas platform, Paysaxas Oy ensures secure, compliant, and scalable operations. The company is officially listed in the European Banking Authority’s central register, further reinforcing its credibility as it expands across Europe. This regulatory recognition highlights the company’s commitment to upholding the highest standards in financial services, ensuring transparency, security, and compliance with European financial regulations.EMI status is expected to propel PaySaxas’s growth by providing a strong regulatory endorsement, increasing confidence among clients and partners. The license enables the company to scale its infrastructure, support higher transaction volumes, and maintain stringent oversight and risk controls. As a regulated EMI, PaySaxas is committed to delivering seamless and innovative financial solutions, including faster cross-border transactions, all under the supervision of a respected European authority.Strategic Leadership for a New Growth PhaseThe appointment of Dmitrii Barbasura as CEO comes at a time of rapid growth and expansion for PaySaxas. With an extensive background in fintech and financial services, Barbasura brings a wealth of experience in scaling businesses, driving innovation, and fostering strategic partnerships. His leadership will be instrumental in strengthening the market position of PaySaxas and expand the service offerings of PaySaxas to meet the evolving needs of businesses across Europe.Dmitrii Barbasura's expertise in the fintech sector positions him as the ideal leader to guide PaySaxas through its next phase of development. His deep understanding of financial technology, regulatory compliance, and strategic growth aligns with the company's mission of delivering cutting-edge financial solutions while maintaining the highest standards of security and compliance. Under his leadership, PaySaxas is set to introduce innovative services that enhance the customer experience and support the company's long-term growth objectives.Expanding Services and Future OutlookWith its new regulatory status, PaySaxas plans to introduce a range of enhanced financial products and services designed to support businesses in managing payments more efficiently. The company aims to leverage its EMI license to develop faster and more secure payment processing solutions, multi-currency support, and enhanced financial management tools tailored to the needs of modern enterprises.Looking ahead, PaySaxas is focused on building strong partnerships with financial institutions, technology providers, and businesses seeking robust payment infrastructure. The company remains dedicated to continuous innovation, ensuring that its platform remains at the forefront of the evolving financial services industry.With a seasoned leader at the helm and a robust regulatory framework in place, PaySaxas is entering an exciting new chapter. These milestones reaffirm the company's commitment to innovation, regulatory excellence, and customer-centric financial solutions. Under Barbasura's leadership, PaySaxas is well-positioned to expand its footprint and redefine financial infrastructure for businesses across Europe.Social LinksX: https://twitter.com/paysaxasInstagram: https://www.instagram.com/paysaxasLinkedIn: https://www.linkedin.com/company/paysaxas/Facebook: https://www.facebook.com/paysaxasMedia contactBrand: PaySaxasContact: Svyat SerbinEmail: marketing@paysaxas.comWebsite: https://paysaxas.com19/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 19
SeaPRwire Partners with Novationwire to Expand Operations in Dubai, Enhancing Media Services across the Arab Region
Dubai, UAE - May 19, 2025 - SeaPRwire, a leading public relations and media communications platform in Asia, has announced a strategic expansion into the Arab region through a new partnership with Novationwire. Together, the two companies have launched a regional office in Dubai, United Arab Emirates, to provide localized support and enhanced PR solutions for clients across key sectors including AI, Crypto, forex trading, online gaming and online entertainment.This move marks a significant milestone in SeaPRwire's global expansion strategy, aiming to better serve enterprises in the Middle East with professional, tailored media outreach services. With the addition of Novationwire's regional expertise, the Dubai office will function as a local hub for brands looking to strengthen their media presence in Arabic-speaking markets and beyond.Localized Support for a Dynamic Business EnvironmentDubai has emerged as a global innovation center and a major business gateway between East and West. The city's vibrant economy and pro-business regulatory environment continue to attract leading companies from emerging industries, particularly in AI, blockchain, fintech, and digital entertainment. Recognizing this growing demand for localized media support, SeaPRwire and Novationwire have joined forces to provide targeted communication services tailored to the unique needs of these high-growth sectors."Dubai is a key strategic location for our international growth," said Grace Martin, Media Director at SeaPRwire. "Our new partnership with Novationwire allows us to offer on-the-ground support and culturally attuned media solutions that empower brands to effectively connect with audiences in the Arab region."Multilingual Capabilities and Global DistributionThe Dubai office will offer press release distribution services in both Arabic and multiple global languages, supported by SeaPRwire's proprietary AI-driven media distribution platform. This ensures that clients' messages are delivered not only accurately, but also in a timely manner across borders and linguistic regions. Businesses will benefit from advanced targeting capabilities that reach key media outlets, journalists, and industry influencers throughout the Arab world and internationally."Through our advanced multilingual technology, we help clients publish and distribute press releases in Arabic, English, and over 20 other languages," said Ethan Youssef, Regional Director at Novationwire. "This is essential for companies in industries such as crypto and forex, where credibility and global exposure can make a significant difference in growth and investor engagement."Empowering High-Tech and High-Growth SectorsSeaPRwire's expansion into Dubai focuses heavily on serving companies operating in cutting-edge digital sectors. AI startups, cryptocurrency platforms, online entertainment services, and forex trading firms often face unique challenges when entering the Arab market. These include regulatory complexities, cultural nuances, and language barriers. SeaPRwire and Novationwire's new service suite aims to address these pain points by offering:Localized media strategies tailored to the UAE and broader Arab market Arabic language press release creation and distribution AI-enhanced global press distribution across 30,000+ media outlets Direct-to-editor services for major publications in the region Sector-specific media lists for fintech, AI, crypto, and entertainmentWith these resources, companies can establish a stronger media footprint, build credibility, and engage with investors and consumers more effectively in Arabic-speaking markets.Strategic Vision for the Middle EastThe partnership also aligns with the UAE's Vision 2030 goals to foster innovation and attract foreign investment. By equipping tech-forward businesses with the media tools they need to thrive, SeaPRwire and Novationwire are contributing to the growth of a digitally empowered economy in the region."Our presence in Dubai is about more than just business expansion—it's about supporting the evolution of communication in a region that's rapidly becoming a hub for digital innovation," added Martin. "Whether our clients are launching a new crypto token, announcing a major AI breakthrough, or expanding a forex trading platform, we're here to ensure their stories are heard—clearly, locally, and globally."About NovationwireNovationwire is a global PR and media distribution company focused on helping brands connect with audiences across emerging markets, particularly in the Middle East, Southeast Asia, and Africa. With deep regional expertise and a robust network of media partners, Novationwire delivers targeted messaging strategies that drive visibility and engagement across borders.About SeaPRwireSeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.Media ContactBrand: SeaPRwireContact: Media teamEmail: cs@seaprwire.comWebsite: https://seaprwire.com19/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 19
SeaPRwire Partners with Novationwire to Expand Operations in Dubai, Enhancing Media Services across the Arab Region
Dubai, UAE - May 19, 2025 - SeaPRwire, a leading public relations and media communications platform in Asia, has announced a strategic expansion into the Arab region through a new partnership with Novationwire. Together, the two companies have launched a regional office in Dubai, United Arab Emirates, to provide localized support and enhanced PR solutions for clients across key sectors including AI, Crypto, forex trading, online gaming and online entertainment.This move marks a significant milestone in SeaPRwire's global expansion strategy, aiming to better serve enterprises in the Middle East with professional, tailored media outreach services. With the addition of Novationwire's regional expertise, the Dubai office will function as a local hub for brands looking to strengthen their media presence in Arabic-speaking markets and beyond.Localized Support for a Dynamic Business EnvironmentDubai has emerged as a global innovation center and a major business gateway between East and West. The city's vibrant economy and pro-business regulatory environment continue to attract leading companies from emerging industries, particularly in AI, blockchain, fintech, and digital entertainment. Recognizing this growing demand for localized media support, SeaPRwire and Novationwire have joined forces to provide targeted communication services tailored to the unique needs of these high-growth sectors."Dubai is a key strategic location for our international growth," said Grace Martin, Media Director at SeaPRwire. "Our new partnership with Novationwire allows us to offer on-the-ground support and culturally attuned media solutions that empower brands to effectively connect with audiences in the Arab region."Multilingual Capabilities and Global DistributionThe Dubai office will offer press release distribution services in both Arabic and multiple global languages, supported by SeaPRwire's proprietary AI-driven media distribution platform. This ensures that clients' messages are delivered not only accurately, but also in a timely manner across borders and linguistic regions. Businesses will benefit from advanced targeting capabilities that reach key media outlets, journalists, and industry influencers throughout the Arab world and internationally."Through our advanced multilingual technology, we help clients publish and distribute press releases in Arabic, English, and over 20 other languages," said Ethan Youssef, Regional Director at Novationwire. "This is essential for companies in industries such as crypto and forex, where credibility and global exposure can make a significant difference in growth and investor engagement."Empowering High-Tech and High-Growth SectorsSeaPRwire's expansion into Dubai focuses heavily on serving companies operating in cutting-edge digital sectors. AI startups, cryptocurrency platforms, online entertainment services, and forex trading firms often face unique challenges when entering the Arab market. These include regulatory complexities, cultural nuances, and language barriers. SeaPRwire and Novationwire's new service suite aims to address these pain points by offering:Localized media strategies tailored to the UAE and broader Arab market Arabic language press release creation and distribution AI-enhanced global press distribution across 30,000+ media outlets Direct-to-editor services for major publications in the region Sector-specific media lists for fintech, AI, crypto, and entertainmentWith these resources, companies can establish a stronger media footprint, build credibility, and engage with investors and consumers more effectively in Arabic-speaking markets.Strategic Vision for the Middle EastThe partnership also aligns with the UAE's Vision 2030 goals to foster innovation and attract foreign investment. By equipping tech-forward businesses with the media tools they need to thrive, SeaPRwire and Novationwire are contributing to the growth of a digitally empowered economy in the region."Our presence in Dubai is about more than just business expansion—it's about supporting the evolution of communication in a region that's rapidly becoming a hub for digital innovation," added Martin. "Whether our clients are launching a new crypto token, announcing a major AI breakthrough, or expanding a forex trading platform, we're here to ensure their stories are heard—clearly, locally, and globally."About NovationwireNovationwire is a global PR and media distribution company focused on helping brands connect with audiences across emerging markets, particularly in the Middle East, Southeast Asia, and Africa. With deep regional expertise and a robust network of media partners, Novationwire delivers targeted messaging strategies that drive visibility and engagement across borders.About SeaPRwireSeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.Media ContactBrand: SeaPRwireContact: Media teamEmail: cs@seaprwire.comWebsite: https://seaprwire.com19/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 19
LIVE MARKETS-Morning Bid: So, China should consumer more and the US less?
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. MORNING BID: SO, CHINA SHOULD CONSUME MORE AND THE US LESS? It's been a down day so far in Asia as a miss o...Reuters
Mon, May 19
RPT-Former senior employee brings unfair dismissal case against London-based hedge fund
By Nell MackenzieLONDON, May 16 (Reuters) - A former senior employee is suing the hedge fund he worked for, claiming bullying and unfair dismissal, in a case that is being heard by a London employment tribunal. Jacopo Moretti is seeking damages from DL and Partners, its star manager Davide Leone, an...Reuters
Mon, May 19
GLOBAL MARKETS-Asia shares slip on soft China sales, Wall St futures
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures down over 1%, Nikkei slips China retail sales miss forecasts, factory output beatsTreasuries, dollar smart at Moody's downgrade By Wayne Cole SYDNEY, May 19 (Reuters) - Wall Street share futures slipped with the dollar on Mon...Reuters
Mon, May 19
Japan's Nikkei falls as US credit downgrade spurs asset jitters, lifts yen
TOKYO, May 19 (Reuters) - Japan's Nikkei share average dropped on Monday after Moody's downgrade of the U.S. government credit rating raised concerns about a potential flight from U.S. assets, leading to a stronger yen.
Reuters
Mon, May 19
China, Hong Kong stocks sag on soft data despite tariff truce lift
SHANGHAI, May 19 (Reuters) - China and Hong Kong stocks sagged on Monday, as weak local data on industrial and retail sales highlighted ongoing economic challenges, although the Sino-U.S. tariff reprieve continued to lift shares of port operators.
UK Stocks-Factors to watch on May 19
May 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.33%.* CRANEWARE: Craneware CRW.L has not received a takeover proposal from Bain Capital, the British software licensing firm said on Friday, after the U.S. private equity firm expressed i...Reuters
Mon, May 19
Australia's GPT Group down, but MS upbeat post QuadReal deal
** GPT Group GPT.AX falls 3% to A$4.64, tracking losses on ASX Real Estate sub-index .AXRE, which is down 0.9%** Morgan Stanley says retail assets operator's A$1 bln ($640.7 mln) logistics deal with QuadReal "100% on-strategy"** Adds deal is small, given GPT has ~A$12 bln in assets** Not...Reuters
Mon, May 19
Swiss stocks - Factors to watch on May 19
ZURICH/GDANSK, May 19 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Monday:UBS GROUP UBSG.SThe Financial Times reports UBS will use OpenAI and Synthesia models to create lifelike avatars of its experts.UBS is in talks to compensate some clients for losses after they w...Reuters
Mon, May 19
India's Creditaccess Grameen falls on higher bad loans, slow loan growth forecast
** Shares of microfinance-focused lender Creditaccess Grameen CRDE.NS down 5.6% at 1,135 rupees** Stock top loser in Nifty small-cap index .NIFSMCP100, which is up 0.7%** Co on Friday reported 88% slump in Q4 profit as asset quality deteriorated and disbursements fell due to tough lending laws in so...Reuters
Mon, May 19
Otis Australia to Modernize and Transform Elevators in LAHC New South Wales Housing
SYDNEY, May 19, 2025 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will modernize 20 elevators for New South Wales Land and Housing Corporation (LAHC), a government agency which owns and maintains a portfolio of 125,000...PR Newswire
Mon, May 19
MORNING BID EUROPE-So, China should consume more and the US less?
A look at the day ahead in European and global markets from Wayne ColeIt's been a down day so far in Asia as a miss on China retail sales underlined how far the country would have to travel to shift away from an export-driven economy to one driven by domestic demand. Clearly consumers there aren...Reuters
Mon, May 19
BREAKINGVIEWS-The post-truce state of US-China trade looks dire
By Hudson Lockett HONG KONG, May 19 (Reuters Breakingviews) - Markets appear to be writing off the latest Sino-American trade conflict as quickly as they priced it in. China’s benchmark CSI 300 index .CSI300 is up 1.4% this year, marking a full recovery from its sharp drop in early April after Pr...Reuters
Mon, May 19
Australia's International Graphite rises on positive feedback from US Department of Defence
** Shares of miner International Graphite IG6.AX rise as much as 15.1% to A$0.061 ** Stock on track for its biggest intraday pct gain since May 5** Co says that U.S. Department of Defence said co's proposal for a potential $7.5 million feasibility study of an integrated graphite 'mine to mar...Reuters
Mon, May 19
Australia's HeraMED hits record low after losing US hospital partnership
** Shares of medical data and technology firm HeraMED HMD.AX down 42.1% at A$0.011, after falling as much as 52.6% to record low earlier** Stock set for biggest one-day drop on record** Co says U.S. hospital Broward Health will discontinue use of its HeraCARE, a digital maternity monitoring and mana...Reuters
Mon, May 19
China XLX Announces 2025 Q1 Results
Press Release(For immediate release)China XLX’s 2025 Q1 Earnings Remarkably Improved QoQContinuing Efforts to Strengthen Cost and Budgetary Control 2025 Q1 Results Highlights:The Group’s revenue grew by 1.7% Y-o-Y to approximately RMB 5.85 billion. Net profit attributable to owners of the parent amounted to approximately RMB 198 million as compared to a loss in previous quarter. Operating results of compound fertiliser business steadily improved as the Group leveraged its competitive edges in humic acid feedstock to boost compound fertiliser sales. The Group grasped the opportunities from interest rate cuts to make early repayment and replacement of high-interest loans and lowered the average lending rate by 0.7 percentage points from a year ago.(18 May 2025, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively known as the “Group”) (HKSE: 01866.HK) announced that the Group’s revenue for the three months ended 31 March 2025 (the “Period”) grew by 1.7% Y-o-Y and 2.4% Q-o-Q to approximately RMB 5.85 billion. Net profit attributable to owners of the parent for the Period reached approximately RMB 198 million, as compared to a loss of approximately RMB 74.64 million for the fourth quarter of last year.In the first quarter of 2025, the fertiliser market staged a comeback after subdued performance. Dragged by a mismatch between market supply and demand, the price weakness of coal chemical related products lingered in the first two months. However, the urea prices remarkably rebounded in March on the demand for spring farming coupled with growing expectations for export resumption, leading to a strong recovery in the prices of urea-based downstream products. The overall gross profit margin for the Period climbed by 3 percentage points to 14% from the previous quarter. Besides, the revival in agricultural demand along with the commencement of new compound fertiliser production facilities bolstered the sales of the Group's core products.The gross profits of the Group’s urea products and urea solution for vehicles retreated as their selling prices declined at a faster pace than their costs due to weakened support for urea prices resulting from lower prices of feedstock coal. As a result, its overall gross profit dropped by 23% Y-o-Y. On the other hand, its gross profit surged by 26% Q-o-Q due to the improvement in fertiliser supply and demand condition and a gradual pickup in the prices of different products.During the period under review, the fertiliser segment generated sales revenue of approximately RMB 3.09 billion, accounting for 53% of the Group’s total revenue and remaining the largest revenue contributor. The revenues of chemicals segment and other segments were approximately RMB 2.46 billion and RMB 290 million respectively, accounting for 42% and 5% respectively of the Group’s total revenue.In view of growing demand for high-efficiency fertilisers in modern agriculture, the Group leveraged its competitive edges in humic acid feedstock to boost the sales of high-efficiency compound fertilisers, resulting in steady growth of compound fertiliser sales. While the sales volume of compound fertilisers for the Period increased by 6% Q-o-Q, their selling price and gross profit margin grew by 9% and 2 percentage points respectively from the previous quarter. At the same time, the Group continued to deepen the R&D of humic acid feedstock so as to ensure the superior quality and stable gross profit margin of their products. As a result, the gross profit margin of humic acids reached 25% in the period. Meanwhile, with the recovery of downstream demand and the gradual improvement in supply and demand condition, the revenue of methanol products continued to grow and hence effectively enhanced the operating performance of chemicals segment.As the Group further strengthened cost control, the proportion of selling, administrative and finance expenses (excluding the impact of non-recurrent transactions) came down by nearly 1 percentage point from a year ago. In particular, the finance expenses dropped by 9% Y-o-Y. The Group took advantage of interest rate cuts to make early repayment and replacement of high-interest borrowings, the average lending rate thus reduced by 0.7 percentage point Y-o-Y. With enhanced capital operation, it is in a better position to improve the profitability.The Group will prudently align its capital expenditures with cash flow and exercise stringent budgetary control. Investments in major projects will be carried out in order according to their input-return ratio so as to better manage the financial risks. Projects under construction will be gradually put into operation in phase in three years, and cash inflow from newly commissioned project will be used in next newly-developed project. The Group’s cash flow pressure will thus be mitigated year by year. Although the Group’s gearing ratio for this year will slightly increase as more financial resources are required to meet the project development needs, the capital expenditures in 2027 are expected to significantly reduce. Therefore, its operating cash flow will become ample and various financial indicators will markedly improve, hence creating a virtuous cycle of investment and return.In addition to possessing sufficient capital reserves for the development of its projects, the Group kept the average lending rates below the benchmark interest rate. Low-interest project loans with long maturity of 7-10 years are earmarked for all production bases under construction, which effectively cover their construction timelines and funding requirements and thereby ensure the Group’s operational and cash flow stability. Looking ahead, Mr. Liu Xingxu, Chairman of China XLX, said: “Since the beginning of the second quarter, domestic environmental policies have been further tightened. The market restructuring is gaining momentum as leading fertiliser enterprises proceed with resources consolidation, technological breakthroughs and product upgrades. Demand for high-efficiency fertilisers, including water-soluble fertilisers, controlled-release fertilisers and humic acid-based products, is increasing amid the growing popularity of large-scale farming. This lays a solid foundation for the Group to market its high-end fertilisers. The Group will take advantage of the supportive policies to accelerate the technological advancement. With an emphasis on green and high-efficiency products, it will focus on the strategies highlighting product functionality, customised fertiliser formulation and service differentiation. By upgrading its brand positioning to ‘China’s High-Efficiency Fertiliser Advocate’, the Group aims to promote scientific and precise fertilisation through the use of high-efficiency fertilisers, thereby enabling farmers to apply fertilisers accurately and driving the Group’s sustainable growth.”~ END ~About China XLX Fertiliser Ltd.China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange.Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited Rachel Chen Tel: 852-2522 1368 / 852-2522 1838 Email: rchen@prchina.com.hk File: China XLX Announces 2025 Q1 Results19/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 19
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