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Citic sec: Global demand remains strong, and the leading potash fertilizer producer's production cut may raise prices.
Citic sec predicts that the supply and demand for global potassium fertilizer will be tight in 2025, and potassium fertilizer prices are expected to rebound from the bottom.
China XLX Fert (01866.HK) saw Chairman Liu Xingxu increase his shareholding by 0.346 million shares.
On November 14, according to the latest equity disclosure from the Stock Exchange, on November 12, 2024, china xlx fert (01866.HK) saw its executive director and chairman of the board of directors, Liu Xingxu, increase his shareholding by 346,000 shares at an average price of HKD 4.07 per share, involving approximately HKD 1.4082 million. After the increase, Liu Xingxu's latest shareholding is 428,490,999 shares, and his shareholding ratio rose from 33.31% to 33.34%.
Sinolink: Potash fertilizer supply is expected to be jointly controlled, and resource prices are expected to provide support.
Only 11 companies have a potassium chloride production capacity exceeding 2 million tons, mainly concentrated in Canada nutrien, Belarus Belaruskali, Russia Uralkali, and the usa Mosaic, with a combined production capacity accounting for 67.26% of the industry, high industry concentration.
[Brokerage Focus] Guotai Junan International maintains a buy rating on China XLX Fert (01866), indicating its strong profit capabilities during the urea price downturn cycle.
Golden Guard Financial News | Guo Zheng Guo International Development Research Index, China Xlx Fert (01866) performance growth in the first three quarters meets expectations. The company achieved revenue of 17.42 billion yuan during the period, a 0.6% year-on-year decrease, and a net income attributable to the mother of 1.53 billion yuan, an 80.7% year-on-year increase. Due to the decrease in raw material prices and stable production operation, the company's gross profit increased by 5% year-on-year, while management expenses and financial expenses decreased by 2% and 13% respectively. In addition, the company sold 100% equity of Tianxin Coal Industry, generating a RMB 0.79 billion investment income. As of the end of the third quarter, the company has received sales proceeds of 0.8 billion yuan. Based on this,
Focus on Brokerage: Haitong Int'l maintains a "outperform" rating on China XLX Fert (01866), highlighting significant growth in sales of its main products.
Jingu Financial News | Haitong Int'l released research reports, indicating that China XLX Fert (01866) achieved revenue of 17.42 billion yuan in the first three quarters, a decrease of 0.6% year-on-year, with a net income attributable to the parent company of 1.534 billion yuan, an increase of 80.7% year-on-year. The company's performance growth is mainly driven by the decrease in costs leading to a 5% year-on-year increase in gross margin. Meanwhile, as the company's production facilities gradually completed maintenance, the production line operated steadily, effectively reducing the company's overall energy consumption, and the company's gross margin increased by 1 percentage point to 19% compared to the end of 2023; in terms of expenses during the period, the company's management expenses and financial expenses decreased by 2% each.
Why Investors Shouldn't Be Surprised By China XLX Fertiliser Ltd.'s (HKG:1866) Low P/E
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