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China XLX Fertiliser Ltd. logo

China XLX Fertiliser Ltd.

1866.HK

HKSEBasic MaterialsAgricultural Inputs

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Latest quote

HK$10.55

+HK$0.24 · +2.33%

Aug 24, 11:03 AM HKT

1866.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China XLX Fertiliser Ltd. operates as an investment holding company, primarily focusing on the development, production, and global sale of urea, with a significant presence in Mainland China. Beyond its core fertilizer offerings, the company's diverse portfolio extends to other chemical products such as compound fertilizers, methanol, liquid ammonia, dimethyl ether, melamine, furfuryl alcohol, furfural, humic acid, 2-methylfuran, and vehicle urea solutions, alongside specialized derivatives and pharmaceutical intermediates. Additionally, China XLX Fertiliser engages in energy-related activities, including coal mining and electricity generation and distribution. Its operations further encompass the manufacturing and commercialization of gas, testing equipment, and intelligent machinery. The company is also active in agricultural production, international trade, technological innovation, and consulting services. Established in 1969, China XLX Fertiliser Ltd. maintains its headquarters in Xinxiang, People's Republic of China.

Industry
Agricultural Inputs
Sector
Basic Materials
Headquarters
CN
CEO
Wanlei Song
Listed since
Dec 8, 2009
Employees
12,964

Market position

Day range

Current HK$10.55

52-week range

Current HK$10.55

Open
HK$10.24
Previous close
HK$10.31
Volume
5.71M
1.42× average
Average volume
4.02M
Average daily volume
Market cap
13.45B HKD
Beta
0.85
Market reference 1
50-day average
HK$9.263
+13.89% above average
200-day average
HK$9.9869
+5.64% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.46B CNY
P/E (TTM)
11.74×
P/B (TTM)
1.16×
P/S (TTM)
0.45×
EV / EBITDA
7.47×
Earnings yield
9.28%
Free cash flow yield
-26.31%
Dividend yield
3.51%

Profitability & efficiency

Gross margin
15.00%
Operating margin
6.68%
Net margin
3.68%
Return on equity
9.56%
Return on assets
2.40%
Return on invested capital
4.33%

Financial health

Debt / equity
1.81×
Current ratio
0.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%19%10%1%Gross margin, FY2021: 25.85%Gross margin, FY2022: 18.85%Gross margin, FY2023: 17.78%Gross margin, FY2024: 17.00%Gross margin, FY2025: 15.00%Operating margin, FY2021: 15.73%Operating margin, FY2022: 11.75%Operating margin, FY2023: 9.58%Operating margin, FY2024: 8.82%Operating margin, FY2025: 6.68%Net margin, FY2021: 7.63%Net margin, FY2022: 5.75%Net margin, FY2023: 5.06%Net margin, FY2024: 6.31%Net margin, FY2025: 3.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.85%. Gross margin FY2022 18.85%. Gross margin FY2023 17.78%. Gross margin FY2024 17.00%. Gross margin FY2025 15.00%. Operating margin FY2021 15.73%. Operating margin FY2022 11.75%. Operating margin FY2023 9.58%. Operating margin FY2024 8.82%. Operating margin FY2025 6.68%. Net margin FY2021 7.63%. Net margin FY2022 5.75%. Net margin FY2023 5.06%. Net margin FY2024 6.31%. Net margin FY2025 3.68%.

Income trends

Revenue

25.35B CNY+9.62%

Operating income

1.69B CNY-16.97%

Net income

932.02M CNY-36.14%
Income trends across reported periods27.79B CNY18.03B CNY8.26B CNY−1.51B CNYRevenue, FY2021: 16.98B CNYRevenue, FY2022: 23.07B CNYRevenue, FY2023: 23.48B CNYRevenue, FY2024: 23.13B CNYRevenue, FY2025: 25.35B CNYOperating income, FY2021: 2.67B CNYOperating income, FY2022: 2.71B CNYOperating income, FY2023: 2.25B CNYOperating income, FY2024: 2.04B CNYOperating income, FY2025: 1.69B CNYNet income, FY2021: 1.3B CNYNet income, FY2022: 1.33B CNYNet income, FY2023: 1.19B CNYNet income, FY2024: 1.46B CNYNet income, FY2025: 932.02M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.98B CNY. Revenue FY2022 23.07B CNY. Revenue FY2023 23.48B CNY. Revenue FY2024 23.13B CNY. Revenue FY2025 25.35B CNY. Operating income FY2021 2.67B CNY. Operating income FY2022 2.71B CNY. Operating income FY2023 2.25B CNY. Operating income FY2024 2.04B CNY. Operating income FY2025 1.69B CNY. Net income FY2021 1.3B CNY. Net income FY2022 1.33B CNY. Net income FY2023 1.19B CNY. Net income FY2024 1.46B CNY. Net income FY2025 932.02M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue25.35B CNY23.13B CNY23.48B CNY23.07B CNY16.98B CNY
Cost of goods sold21.55B CNY19.2B CNY19.3B CNY18.72B CNY12.43B CNY
Gross profit3.8B CNY3.93B CNY4.17B CNY4.35B CNY4.39B CNY
Selling, general, and administrative2.11B CNY2.03B CNY1.92B CNY1.6B CNY1.7B CNY
Operating expenses2.11B CNY1.89B CNY1.93B CNY1.49B CNY1.61B CNY
Interest income20.62M CNY42.95M CNY23.17M CNY36.69M CNY21.86M CNY
Interest expense479.67M CNY495.04M CNY579.99M CNY662.19M CNY583.37M CNY
Depreciation and amortization1.85B CNY1.5B CNY1.5B CNY1.42B CNY1.07B CNY
Operating income1.69B CNY2.04B CNY2.25B CNY2.71B CNY2.67B CNY
Net income932.02M CNY1.46B CNY1.19B CNY1.33B CNY1.3B CNY

Company facts updated Aug 24, 2026.

1866.HK peers

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Zijin Mining Group Co., Ltd.

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HK$160.9

+0.37%

CMOC Group Limited logo

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CMOC Group Limited

HK$17.52

+3.06%

China Hongqiao Group Limited logo

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China Hongqiao Group Limited

HK$23.38

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Shandong Gold Mining Co., Ltd. logo

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Shandong Gold Mining Co., Ltd.

HK$27.42

-0.22%

Aluminum Corporation of China Limited logo

2600.HK

Aluminum Corporation of China Limited

HK$8.465

+0.77%

ETFs holding 1866.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
8.03M
Weight
0.01%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
4.22M
Weight
0.02%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
WisdomTree Emerging Markets SmallCap Dividend Fund logoWisdomTree Emerging Markets SmallCap Dividend FundDGS
Market value
2.27M
Weight
0.13%
AUM
1.74B USD
Expense ratio
0.58%
Price / 1D
$63.34+0.17%
Avantis Emerging Markets Value ETF logoAvantis Emerging Markets Value ETFAVES
Market value
1.83M
Weight
0.12%
AUM
1.5B USD
Expense ratio
0.36%
Price / 1D
$65.16+0.51%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
1.58M
Weight
0.02%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
1.07M
Weight
0.01%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.49+0.51%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
698.73K
Weight
0.01%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
408.83K
Weight
0.06%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$72.22+0.25%

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