China Heart-to-Heart Fertilizer (01866.HK) Approximately HKD 1.303 billion in profit for the 2025 fiscal year, down about 35% year-on-year

Gelonghui March 28丨China Heart-to-Heart Fertilizer (01866.HK) released its 2025 fiscal year performance. The revenue for the fiscal year 2025 was 25.352 billion yuan, an increase of approximately 9.6% year-on-year. The profit for the year was approximately 1.303 billion yuan, a decrease of about 35% compared to the 2024 fiscal year. Basic earnings per share were 76 cents, and the board recommended a final dividend of 32 cents per share.

In 2025, the domestic coal chemical industry faced overcapacity, and product prices were under downward pressure, which suppressed the overall performance growth of the industry. Against this backdrop, the group adhered to its core profit model of “low cost + differentiation,” continuously deepening cost reduction and efficiency enhancement, and differentiation competitive advantages to ensure the overall operational quality remains robust.

During the reporting period, the group intensified its marketing transformation efforts, focusing on customer needs to provide differentiated services, while implementing an integrated operation model of trade and industry, effectively driving steady increases in product sales, particularly for compound fertilizers and methanol. Meanwhile, the group seized the export window, actively expanding overseas markets, resulting in a significant increase in overseas orders, with urea exports accounting for an increase of 6 percentage points year-on-year. The overall sales of core products significantly increased, driving revenue growth of 10% year-on-year.