According to Zhitong Finance App News, China Heart Link Fertilizer (01866) announced interim results for the six months ended June 30, 2026, with operating revenue of RMB 15.74 billion (same unit), up 24.27% year on year; net profit of RMB 1.23 billion, up 62.36% year on year; net profit attributable to owners of the parent company was RMB 921 million, up 53.64% year on year; profit per share.
Business performance has grown, and overall profitability has improved, thanks to the full release of the three core advantages of large-scale development, structured upgrading, and fine control.
During the reporting period, the Group's new production capacity was successfully released, laying the foundation for sales growth of core products such as urea and liquid ammonia, and effectively expanding the supply capacity of the core product market. At the same time, relying on the advantages of large-scale operation, the unit production cost of core products such as urea was continuously diluted, helping to increase urea gross profit by 66% year on year, further consolidating and consolidating the Group's low cost competitive advantage, and driving the Group's overall gross profit to increase 49% year over year.
On this basis, the Group promoted the iterative upgrading of the product structure and marketing system. On the one hand, it steadily increased the production and sales share of high-efficiency fertilizer products, increased the proportion of high-efficiency fertilizer sales by 4 percentage points year-on-year, and the product profit structure continued to be optimized; on the other hand, it used price differences in domestic and foreign markets to adjust the domestic and foreign trade sales share, expand the overseas sales scale of melamine and other products, and increase the overall average price of products. At the same time, due to the influence of geo-environmental factors, prices of basic chemicals such as methanol and liquid ammonia gradually increased. The Group gave full play to its flexible production advantages, flexibly adjusted the product structure, accurately grasped the market window period, and maximized profits.
As the scale of business continues to expand, the Group has strengthened the construction of a refined management system, and the three cost rates have remained stable year over year, achieving a balance between scale expansion and cost control. In addition, the debt structure was continuously optimized, and the share of short-term loans decreased by 0.5 percentage points at the beginning of the comparison period, effectively increasing working capital by about 1 billion yuan, narrowing the working capital gap by 25%, enhancing the Group's financial soundness, and consolidating the operating and financial foundation for high-quality development.