China Xinlianxin Fertilizer (01866) 2024 annual results conference was successfully held

On April 1, 2025, China Xinlianxin Fertilizer Co., LTD. (01866.HK) 2024 annual results conference was successfully held in Hong Kong. Liu Xingxu, Chairman of the Board of Directors, Yan Yunhua, Executive Director, Zhao Yazhou, General Manager of Xinjiang Chemical Company, and Zhang Guangrui, head of Guangxi Project, attended the meeting to review the past and look forward to the future with investors.

In 2024, the coal chemical industry is facing severe challenges, and market pressure has weakened product price support. In this context, Heart to Heart showed strong resilience, achieving operating income of about 23.128 billion yuan, although slightly down 1% year-on-year, but with the release of high-quality production capacity and the enhancement of scale advantages, by expanding marketing channels and supply chain extension, the performance of core products increased steadily. During the year, due to the sale of the entire equity of Manas Tianxin Coal industry, investment income increased significantly, driving net profit up 23% year-on-year to about 2.014 billion yuan.
In the fourth quarter of 2024, affected by factors such as audit caliber, the company's actual profit was 150 million yuan. Although the current industry is at the bottom of the cycle, but heart to heart has always maintained a cost advantage, which has laid a solid foundation for the company in the market competition, but also provides a strong guarantee for future development. The company is keen to grasp the strategic opportunities of industry cycle adjustment and accelerate the pace of high-quality production capacity expansion. According to the industry trend and its own cash flow situation, the investment order is rationally arranged, the investment strategy is optimized, and the resources are concentrated on the development of high-quality projects, and the construction projects of major bases are advanced in an orderly manner.

At the meeting, Zhao Yazhou, general manager of Xinjiang Chemical Company, and Zhang Guangrui, head of Guangxi project, respectively introduced the unique advantages and long-term development plans of the two large bases to investors in detail. With the advantage of local policies, location and resources, Guangxi Base is committed to becoming a benchmark demonstration base in South China and Southwest China. With rich resources and geographical advantages, Xinjiang company also has a clear development path in terms of product production and market expansion, and the construction projects of various bases are advancing in an orderly manner, accumulating strong momentum for the recovery of the market. Xinlianxin has always focused on the main business of fertilizer, continued to improve the scale and technical advantages, increased research and development investment, and focused on creating differentiated and efficient fertilizer products, and constantly improve the competitiveness of the industry. Actively innovate in the marketing model, take the branch as the base unit, rely on marketing big data, and carry out agrochemical services in the field to help farmers increase production and income.

At the end of the meeting, Liu Xingxu, chairman of the Board of directors, made a concluding speech. He stressed that the fertilizer industry, as an important support for the national economy and people's livelihood, is closely linked to the development of China's modern agriculture, which contains great opportunities. Xinlianxin has the confidence and ability to achieve high-quality expansion of production capacity while continuing to maintain cost advantages, technological advantages and research and development advantages, to ensure long-term stable operation of the company, to lay a solid foundation for the next layout of overseas markets, and to contribute more to agricultural development.