China Xinlianxin Fertilizer (01866.HK) recently announced that the company’s revenue (unaudited, same below) was about 7.01 billion yuan in Q1-Q3 period, basically flat from the same period last year. In Q3 alone, the company’s revenue was about 2.24 billion yuan. And the profit in the first three quarters of the year was about 412 million yuan. In the third quarter, the company’s profit was about 95million yuan.
Xinlianxinin dicated that the company will stick to the strategy of low cost and differentiated competition and increase the proportion of high efficiency fertilizer sales in the future. In addition, it will broaden its coal chemical product portfolio and adjust the structure of its chemical fertilizers and chemical products based on their profitability. （from China Fertilizer Market Weekly）