Shares of China XLX Fertiliser surged 5.07% intraday on Tuesday, driven by investor optimism following the company's positive earnings guidance for the first quarter of 2026.
The Chinese urea and compound fertiliser maker expects its net profit for the three months ended March 2026 to rise 41% to 52% year-on-year to between 280 million and 300 million yuan. Revenue is forecast to increase 15% to 20% year-on-year to a range of 6.7 billion to 7 billion yuan.
The company attributed the expected improvement to an increase in both sales volume and average selling prices of its core products, which drove an overall improvement in gross profit.
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