CHINA XLX FERT (01866) declined over 3%, falling 3.52% to HK$7.39 as of press time, with trading volume reaching HK$13.981 million.

On the news front, CHINA XLX FERT announced that it expects to achieve net profit of approximately 9.6 to 10.6 billion yuan in the first three quarters of 2025, representing a year-over-year decrease of 53% to 48%. The company expects adjusted net profit of approximately 9.6 to 10.6 billion yuan, down 27% to 19% compared to the same period last year. Net profit attributable to the parent company is expected to be approximately 7.6 to 8.4 billion yuan, declining 50% to 45% year-over-year.

The announcement noted that although the group's performance in the first three quarters was impacted by factors including facility maintenance and declining product prices, the successful commencement of production at the Jiujiang base phase 2 project not only marked a good start for the group's project construction over the next three years, but also provides support for subsequent performance recovery and long-term high-quality development.