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【Press Release】China XLX Announces 2024 First Three Quarters Results
Press Release(For immediate release)China XLX’s Profit for 9M 2024 Surged by 80% YoYEfforts in Efficiency Enhancement, Cost Reduction and Resources Optimization Produced Remarkable ResultsResults highlights for first three quarters in 2024:Net profit climbed 75.8% YoY to RMB 2.031 billion. Net profit attributable to owners of the parent company surged 80.7% YoY to RMB 1.534 billion. Basic earnings per share grew 85.3% YoY to RMB 1.26. Financial position continued to improve with the gearing ratio dropped to 59.4%.(31 October 2024, 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 nine months ended 30 September 2024 (the “Period”) amounted to approximately RMB 17.42 billion. Net profit increased by 75.8% YoY to approximately RMB 2.031 billion. Net profit attributable to owners of the parent company surged by 80.7% YoY to RMB 1.534 billion.In the first three quarters of 2024, benefiting from the decline in feedstock costs and the stable operation of production, the Group’s gross profit grew by 5% YoY. Through effective cost management, its administrative expenses and financial expenses decreased by 2% and 13% respectively. In addition, the disposal of Tianxin Coal generated an investment gain of approximately RMB 790 million. The above factors led to a significant increase in the Group’s net profit. In this regard, the Group completed the capital increase in its non-wholly owned subsidiaries and enlarged its shareholding to 80.18%, leading to a significant increase in the net profit attributable to the parent company.As the global economy gradually picked up, the market demand for the Group's main products remained stable. Although fluctuations in raw material prices weighed on the product prices, the Group achieved stable improvement in its operating results by expanding production capacity and sales channels. The sales revenue of fertiliser segment, chemical segment, gas segment and medical intermediate accounted for 60%, 36%, 2% and 2% respectively of the total revenue.During the Period, the sales volume of urea products increased by 33% YoY to 2.768 million tons mainly due to the expansion of production capacity and resumed operation of some production facilities. Meanwhile, with stepped-up efforts to promote high-efficiency compound fertilisers and differentiated fertilisers, the overall gross profit margin of compound fertilizers increased by 5% YoY. Underpinned by the economic recovery, the demand for methanol recovered and its sales volume for the period increased by 17% YoY, and the gross profit margin increased by 8% YoY.The Group flexibly adjusted its production capacity and bolstered production efficiency to further meet the needs of downstream manufacturing industries. Although the price of melamine decreased by 8% YoY due to the weakness of real estate market, its sales volume increased by 9% YoY as the Group explored the international market, leading to an increase in the export volume (especially Turkey).In the first three quarters of 2024, with the support of technological improvement and stable equipment operation, the sales volume of DMF increased by 33% YoY. In terms of the pharmaceutical intermediate segment, the Group optimized the product structure and increased the proportion of sales of high value-added products, with its average selling price increasing by 18% YoY.Looking ahead into the future, Mr. Liu Xingxu, Chairman of China XLX, said: The fourth quarter will see the peak demand season for winter. With the support of macroeconomic policies, the price of coal feedstock is expected to stabilize and rebound, forming effective support for fertiliser prices. Meanwhile, with the implementation of environmental protection and production capacity control policies, the supply of nitrogen fertilisers will reduce in stages. Driven by the demand arising from winter fertiliser reserves and off-season procurement, fertiliser prices are expected to gradually stabilize. The Group will continue to promote green and low-carbon transformation through technological innovation and industrial chain extension, thereby enhancing product value and promoting high-quality development.Mr. Liu Xingxu pointed out that China XLX will leverage its competitive edges in R&D to promote the development of new chemical materials and fine chemicals to meet the market demand for high-performance and high value-added products and ensure the Group’s sustainable growth in the long run. Through optimizing the product structure and improving resource utilization efficiency, the Group will sharpen its competence and achieve it sustainable development goals.~ 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: 【Press Release】China XLX Announces 2024 First Three Quarters Results31/10/2024 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
Oct 31, 2024
J5 Beyond Boundaries: Unleash the Best New Human-Pet Friendly Experience in the Same Class
Recently,OMODA&JAECOO officially launched a new off-road vehicle model—J5—specially designed for new urban youths. Since its release, J5 has aroused strong market responses with its best-in-class excellent performance and high-end configurations. It perfectly meets the dual needs of urban new youths for urban travel and exploring nature and becomes an ideal companion for urban new youths' travel. Unparalleled in Human-Pet Friendly Travel in the Same Class. Share Journeys Freely and Worry-Free. At this launch event, the most captivating feature of the J5 was undoubtedly its profound interpretation of the "Human-Pet Friendly travel" concept, offering users the best pet travel experience in its class. To create an exceptionally comfortable and healthy environment for pets, the J5 has thoughtfully designed extended seats specifically for pets, significantly enhancing their comfort and safety during travel. The vehicle's air conditioning filter, with its powerful filtration capabilities, effectively blocks pet hair, ensuring that the air inside the car remains fresh and clean at all times. Even more considerate, the J5 is equipped with an intelligent temperature control system that automatically adjusts the cabin temperature based on real-time needs, allowing pets to enjoy a comfortable experience regardless of seasonal changes. Additionally, the car includes an antibacterial health device that effectively inhibits the growth of bacteria, providing comprehensive protection for the health of pets.Moreover, convenient pet-feeding devices and eco-friendly products such as specially designed boarding steps for small pets showcase the brand's meticulous attention to human-pet friendly travel. These carefully designed pet features allow pets to stay close to their owners even during long journeys, sharing every relaxed and enjoyable travel moment.Best in Outdoor Living in the Same Class. Enjoy Urban Travel Freely. Not only is it the best in Human-Pet Friendly travel in the same class, but J5 also has the best outdoor living ecology in the same class, unlocking a new living experience for outdoor enthusiasts. It's equipped with a 1250KG towing qualification and a 75KG roof rack, bringing unprecedented travel freedom for users. Whether carrying outdoor equipment or towing a caravan, they can do as they wish and enjoy the fun of the outdoors. At the same time, the J5 is also equipped with practical components such as contact charging ports, original factory hooks in the trunk, and multi-purpose camping lights. This allows J5 to turn into a mobile castle when going outdoors instantly. Whether it is short-term camping or long-distance exploration, it can be easily handled. Leading in Performance Configuration in the Same Class. Upgrade Driving Enjoyment. Moreover, J5 also shows leading advantages in performance configuration that is the best in the same class. The standard independent suspension in the whole series ensures that users can enjoy a smooth and comfortable journey whether shuttling in the city or exploring in the suburbs. The largest 1.45㎡ panoramic sunroof in the same class allows you to take in the blue sky and white clouds and the bright starry sky, making every trip seem to be in the embrace of nature and bringing unprecedented visual enjoyment to drivers and passengers. Coupled with the best 13.2-inch integrated inclined large screen in the same class, which integrates intelligent navigation systems, entertainment applications, etc., J5 not only has extraordinary driving performance but also is more intuitive and convenient to operate. The emergence of J5 not only enriches market choices but also provides new possibilities for urban youths who pursue high-quality and personalized travel experiences. It once again proves OMODA&JAECOO's insight and innovation ability in modern travel methods. In the future, OMODA&JAECOO will continue to increase research and development and innovation efforts and launch more high-quality models around users' diversified and personalized travel needs, bringing more convenient, efficient, and economical travel experiences.Company：Chery Automobile Co., LtdContact Person: Lulu TaoEmail: Taolulu2@mychery.comWebsite: http://www.omodajaecoo.com/City：Wuhu,China 31/10/2024 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
Oct 31, 2024
J5 Beyond Boundaries: Unleash the Best New Human-Pet Friendly Experience in the Same Class
Recently,OMODA&JAECOO officially launched a new off-road vehicle model—J5—specially designed for new urban youths. Since its release, J5 has aroused strong market responses with its best-in-class excellent performance and high-end configurations. It perfectly meets the dual needs of urban new youths for urban travel and exploring nature and becomes an ideal companion for urban new youths' travel. Unparalleled in Human-Pet Friendly Travel in the Same Class. Share Journeys Freely and Worry-Free. At this launch event, the most captivating feature of the J5 was undoubtedly its profound interpretation of the "Human-Pet Friendly travel" concept, offering users the best pet travel experience in its class. To create an exceptionally comfortable and healthy environment for pets, the J5 has thoughtfully designed extended seats specifically for pets, significantly enhancing their comfort and safety during travel. The vehicle's air conditioning filter, with its powerful filtration capabilities, effectively blocks pet hair, ensuring that the air inside the car remains fresh and clean at all times. Even more considerate, the J5 is equipped with an intelligent temperature control system that automatically adjusts the cabin temperature based on real-time needs, allowing pets to enjoy a comfortable experience regardless of seasonal changes. Additionally, the car includes an antibacterial health device that effectively inhibits the growth of bacteria, providing comprehensive protection for the health of pets.Moreover, convenient pet-feeding devices and eco-friendly products such as specially designed boarding steps for small pets showcase the brand's meticulous attention to human-pet friendly travel. These carefully designed pet features allow pets to stay close to their owners even during long journeys, sharing every relaxed and enjoyable travel moment.Best in Outdoor Living in the Same Class. Enjoy Urban Travel Freely. Not only is it the best in Human-Pet Friendly travel in the same class, but J5 also has the best outdoor living ecology in the same class, unlocking a new living experience for outdoor enthusiasts. It's equipped with a 1250KG towing qualification and a 75KG roof rack, bringing unprecedented travel freedom for users. Whether carrying outdoor equipment or towing a caravan, they can do as they wish and enjoy the fun of the outdoors. At the same time, the J5 is also equipped with practical components such as contact charging ports, original factory hooks in the trunk, and multi-purpose camping lights. This allows J5 to turn into a mobile castle when going outdoors instantly. Whether it is short-term camping or long-distance exploration, it can be easily handled. Leading in Performance Configuration in the Same Class. Upgrade Driving Enjoyment. Moreover, J5 also shows leading advantages in performance configuration that is the best in the same class. The standard independent suspension in the whole series ensures that users can enjoy a smooth and comfortable journey whether shuttling in the city or exploring in the suburbs. The largest 1.45㎡ panoramic sunroof in the same class allows you to take in the blue sky and white clouds and the bright starry sky, making every trip seem to be in the embrace of nature and bringing unprecedented visual enjoyment to drivers and passengers. Coupled with the best 13.2-inch integrated inclined large screen in the same class, which integrates intelligent navigation systems, entertainment applications, etc., J5 not only has extraordinary driving performance but also is more intuitive and convenient to operate. The emergence of J5 not only enriches market choices but also provides new possibilities for urban youths who pursue high-quality and personalized travel experiences. It once again proves OMODA&JAECOO's insight and innovation ability in modern travel methods. In the future, OMODA&JAECOO will continue to increase research and development and innovation efforts and launch more high-quality models around users' diversified and personalized travel needs, bringing more convenient, efficient, and economical travel experiences.Company：Chery Automobile Co., LtdContact Person: Lulu TaoEmail: Taolulu2@mychery.comWebsite: http://www.omodajaecoo.com/City：Wuhu,China 31/10/2024 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
Oct 31, 2024
