China XLX Fertiliser profit falls 19% despite revenue growth

China XLX Fertiliser reported first-half revenue of RMB12.7bn, up 5% year-on-year, but profit fell 19% to RMB757m from RMB938m in 2024.

The decline was driven by a 13% drop in overall gross profit, with urea product gross profit plunging nearly 44% year-on-year.

However, second-quarter performance improved with gross profit rising 44% quarter-on-quarter and net profit surging 104%. The debt-to-asset ratio increased to 63.5% from 61.5% at end-2024.