"Profit Warning" CHINA XLX FERT forecasts a 45%-50% decrease in net profit for the first nine months

CHINA XLX FERT (01866.HK) issued a profit warning, expecting the net profit attributable to the parent company for the first nine months to be between RMB 760 million and RMB 840 million, a year-on-year decrease of 45%-50%. This is mainly due to the impact of maintenance at production bases, which led to a temporary reduction in product output in the third quarter, thereby lowering product sales during the same period, with an estimated impact on total profit of approximately RMB 226 million; and due to factors such as supply-demand mismatch and weakened cost support, product prices have declined