China XLX Fertiliser Ltd (HKG: 01866) saw its shares climb more than 3% during the late trading session on Wednesday. At the time of writing, the stock was up 3.26% to HK$10.13, with trading turnover reaching HK$34.99 million.

On September 7, China XLX Fertiliser was officially added to the Stock Connect program. Since the southbound capital channel opened, market attention on the company has continued to grow, and expectations for improved liquidity are gradually materialising. Data shows that as of September 23, the company's Stock Connect holding ratio had risen to 2.66%. With more domestic and international institutional investors entering the picture, the uplift in market capitalisation and liquidity is expected to support the company's business expansion and long-term value realisation.

Public information indicates that China XLX Fertiliser is a leading domestic producer of urea and compound fertilisers. Looking ahead, the Xinxiang base and Zhundong base projects are slated to commence production in the third and fourth quarters of this year, respectively. The Guangxi base project is expected to be completed and operational in the third quarter of 2027. Upon completion, the company's total urea production capacity will surpass 8 million tonnes per year, compound fertiliser capacity will exceed 6 million tonnes annually, and overall fertiliser production capacity will rise to more than 14 million tonnes. As the new capacity gradually comes on stream, economies of scale are expected to further reduce unit production costs.