2021 Annual Outcomes Highlights: Income elevated by 61% YoY to roughly RMB16,815 million.Gross revenue elevated by 98% YoY to roughly RMB4,389 million.Revenue for the yr elevated by 238% YoY to roughly RMB1,769 million.Revenue attributable to homeowners of the guardian elevated by 272% YoY to roughly RMB1,294 million.The Board beneficial the fee of a last dividend …
2021 Annual Outcomes Highlights:
Income elevated by 61% YoY to roughly RMB16,815 million.Gross revenue elevated by 98% YoY to roughly RMB4,389 million.Revenue for the yr elevated by 238% YoY to roughly RMB1,769 million.Revenue attributable to homeowners of the guardian elevated by 272% YoY to roughly RMB1,294 million.The Board beneficial the fee of a last dividend of RMB19 cents per share for the yr ended 31 December 2021.
HONG KONG, CHINA / ACCESSWIRE / March 26, 2022 / China XLX Fertiliser Ltd. (“China XLX” or the “Firm”, along with its subsidiaries collectively often known as the “Group”) (HKSE:01866.HK) introduced the annual outcomes for the yr ended 31 December 2021 (the “Interval”). The Group’s income amounted to RMB16,815 million, representing a rise of 61% YoY. Gross revenue elevated by 98% YoY to roughly RMB4,389 million. Revenue for the yr elevated by 238% YoY to roughly RMB1,769 million, with revenue attributable to homeowners of the guardian elevated by 272% YoY to roughly RMB1,294 million. The Board beneficial the fee of a last dividend of RMB19 cents per share for the yr ended 31 December 2021.
Together with the continuing and evolving pandemic, stoked by world provide chain disruption, surging vitality costs and meals costs, demand and costs for home fertilisers and petrol chemical associated merchandise elevated in 2021. The Third Manufacturing Base in Jiangxi Jiujiang was efficiently put into operation in February 2021, and the fixed-bed renovation and upgrading undertaking of the Group’s second and third plant in Henan Xinxiang had been additionally accomplished and put into manufacturing within the fourth quarter of 2021. The Group’s manufacturing capability and effectivity reached a brand new milestone, resulting in a report excessive in income and profitability.
In the course of the Interval, income derived from the gross sales of urea elevated by 61% to roughly RMB4,959 million. This was primarily because of the improve in gross sales quantity and common promoting worth of urea merchandise of the Group by roughly 16% and 39% YoY, respectively. Income derived from the gross sales of compound fertilisers elevated by 19% to roughly RMB3,754 million, primarily because of the improve in common promoting worth. Income derived from the gross sales of methanol elevated by 242% to roughly RMB1,759 million, on account of the rise in common promoting worth and gross sales quantity of the Group by 53% and 124% YoY, respectively. The elevated gross sales quantity of methanol was primarily attributable to the brand new capability from the Third Manufacturing Base in Jiujiang. Income derived from the gross sales of DME elevated by 92% to roughly RMB1,439 million, which was primarily because of the sharp rise in worldwide vitality costs, resulting in a rise in common promoting worth and gross sales quantity of DME by 39% and 38% YoY, respectively. Income derived from the gross sales of melamine elevated by 94% to roughly RMB1,206 million, primarily on account of a rise in common promoting worth ensuing from the robust rebound in demand and costs of the home chemical merchandise. Income derived from the gross sales of furfuryl alcohol merchandise elevated by 59% to roughly RMB835 million, primarily because of the improve in common promoting worth.
Worldwide oil costs have been rising alongside uncooked materials commodity costs since 2022. Specifically, the rise within the costs of uncooked supplies, reminiscent of potash fertiliser and phosphate fertiliser, have offered robust help for fertiliser costs in China. Furthermore, the worldwide meals costs have risen because of the ongoing pandemic, resulting in rising considerations on meals safety and agricultural improvement in China. The rising demand for fertilisers in agriculture sector will proceed to boost the value of fertilisers. On the similar time, varied home insurance policies will help environment friendly operations of the market and drive up costs of top of the range agricultural merchandise, thereby boosting using high-end fertilisers. As an advocate of excessive effectivity fertilisers, the Group foresees additional gross sales development on this space. The home chemical merchandise market has accelerated consolidation with China’s home environmental safety insurance policies being tightened underneath the “twin carbon” targets. The Group will make the most of its geographical attain, adhere to the environmental safety ideas, vigorously develop and develop high quality chemical business chain, thereby attaining high-quality and complete improvement.
Wanting forward, Mr. Liu Xingxu, Chairman of China XLX, commented, “As one of many main enterprises within the business, the Group will make the most of its base-characteristic format to advertise product flexibility and optimise product combine, in addition to additional improve R&D of high-efficiency fertilisers. Based mostly on the distinctive traits of the three manufacturing bases, the Group will actively develop, improve and strengthen its chemical business chain. On the similar time, with the upgrading tasks of the second and third crops efficiently being put into operation, the Group has totally adopted superior manufacturing expertise, due to this fact accentuating its technological and low-cost benefits. Going ahead, the Group will leverage authorities new insurance policies, seize the chance of high-quality improvement, and speed up transformation and upgrading, thereby additional enhancing the Group’s profitability and market competitiveness, and attaining secure and sustainable improvement in the long run.”
About China XLX Fertiliser Ltd.
China XLX Fertiliser Ltd., one of many largest and most price environment friendly coal-based urea producers in China, the Group is principally engaged in creating, manufacturing, and promoting of associated differentiated merchandise reminiscent of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran and pharmaceutical intermediates. The Firm’s shares are traded on the primary board of the Inventory Alternate of Hong Kong Restricted (inventory code: 01866.HK).
Investor and Media Enquiries
China XLX Fertiliser Ltd.
Gui Lin
Tel: 86-135-6942-3415
E mail: [email protected]
PRChina Restricted
Alana Li/ Rachel Chen
Tel: 852-2522 1368 / 852-2522 1838
E mail:[email protected] [email protected]
File: China XLX Broadcasts 2021 Annual Outcomes Web Revenue Surged by 238% YoY
SOURCE: China XLX Fertiliser
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