According to the Zhitong Finance App, China Heart Link Fertilizer (01866) issued an announcement to achieve operating income of 23.047 billion yuan (RMB, same below) in the first three quarters of 2026, up 28% year on year; net profit of 1,522 billion yuan, up 51% year on year; net profit to mother of 1,138 billion yuan, up 42% year on year; basic earnings per share of 90.7 points.
The Group adheres to the development idea of combining fertilization. During the reporting period, it continuously optimized the product structure, grasped the market window, and promoted marketing transformation to achieve a sharp rise in product volume and price, driving an increase of 43% year-on-year in overall gross profit and promoting high-quality business performance growth. As Jiangxi Phase II and the new chemical materials project were put into operation on schedule, urea production increased 780,000 tons year-on-year. On the basis of cost reduction and incremental, the Group continued to optimize the product structure. Sales of high-efficiency urea increased 17% year-on-year. With a gross profit of 34 yuan higher than ordinary urea, the overall gross profit of urea increased by 450 million yuan. At the same time, the Group continues to promote overseas market layout and grasp export quotas and window periods ahead of schedule. Urea exports increased by nearly 100,000 tons over the same period last year, further boosting overall performance growth.
Furthermore, the Group seized the opportunity of rising chemical prices, relied on flexible production to convert some surplus liquid ammonia into methanol, promoted the upgrading of various chemical products to high-value-added fields through the cost advantage of coal-to-methanol integration, increased the share of differentiated products such as pharmaceutical-grade DMF and modified polyformaldehyde, achieved a sharp rise in chemical product volume and price, and promoted a year-on-year increase of 650 million yuan in the first three quarters, an increase of 77%, to maximize profits.
Looking at the third quarter of a single quarter, the group successfully completed maintenance work at each base. Although centralized maintenance put some pressure on the results of a single quarter, through process optimization and automation system upgrades, the automatic control rate of the device was raised to 90%, reaching the reference standard for smart factories, laying the foundation for stable production at full capacity. In the current quarter, the Group achieved revenue of approximately RMB 7.307 billion, an increase of 38% over the previous year, and net profit to mother of approximately RMB 217 million, an increase of 8% over the previous year.