Zhitong Financial APP learned that China's heart-to-heart fertiliser (01866) rose more than 5 per cent. As of press time, it rose 4.21% to HK $3.71, with a turnover of HK $2.1275 million.
On the news side, recently, China Xinlianxin Chemical Fertilizer announced that the group's unaudited comprehensive income for the nine months ended September 30, 2022 increased by 5.754 billion yuan, or about 49 percent, to about 17.516 billion yuan, from about 11.762 billion yuan (RMB, the same below) in the first nine months of 2021. The Group's unaudited consolidated net profit for the first nine months of 2022 increased by about $190 million or 14% to about $1.584 billion from about $1.394 billion in the first nine months of 2021.
Haitong International reported that the company's 2022Q3 performance growth is mainly due to: (1) the transformation and upgrading project of the second and second plant of Xinxiang base and the successive commissioning of Xinjiang Tianxin coal mine expansion project. (2) the rise in global food prices has led to a rise in the prices of chemical fertilizers and coal and chemical related products. Maintain the "better than the market" rating with a target price of HK $8.50.