China XLX Fertiliser Reports 2024 Financial Performance Amid Market Challenges

China XLX Fertiliser Ltd. announced a slight decline in its 2024 annual revenue, which decreased by 1.5% to RMB 23.13 billion. Despite this, the Group's profit attributable to owners rose by 23% to RMB 1.46 billion. This growth was driven by an innovative marketing model aiming to enhance product competitiveness.

The company proposed a final dividend of RMB 26 cents per share, marking an 8.3% increase. The Group disinvested from Tianxin Coal Mine, securing significant investment gains while expanding production facilities, including a new polyformaldehyde project.

Fertiliser sales revenue remained stable amidst market fluctuations. Urea sales increased by 6.3%, yet a supply glut led to a price drop and reduced gross profit margins. Conversely, methanol sales and profits saw notable growth due to improved demand and reduced production costs.

Looking ahead, China XLX aims to capitalize on stable market conditions and expand high-quality production. The company plans strategic investments to enhance market share and product differentiation.