China XLX Fertiliser nine-month profit rises on export growth
Overview
China fertiliser producer's nine-month revenue rose 28% yr/yr to RMB 23.05 bln
Net profit attributable to owners of parent grew 42% yr/yr to RMB 1.14 bln
Growth driven by higher sales volumes, improved product mix and expanded overseas presence
Outlook
Company did not provide specific financial guidance for the current qtr or full yr
Result Drivers
HIGHER SALES VOLUMES - Co said increased sales volumes, including urea output up 780,000 tonnes yr/yr, contributed to revenue growth
CHEMICAL PRODUCT MIX – Flexible ammonia-to-methanol production and more differentiated products lifted chemical gross profit by RMB650 mln, or 77% yr/yr
EXPANDED OVERSEAS PRESENCE - Co said increased export quotas and export windows led to urea export volume up nearly 100,000 tonnes yr/yr
Company press release: Full Story
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue | RMB 23.05 bln | ||
9M Net Income Attributable | RMB 1.14 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the agricultural chemicals peer group is "buy"
Wall Street's median 12-month price target for China XLX Fertiliser Ltd is HK$14.25, about 58.3% above its October 26 closing price of HK$9.00
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)