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EQS via SeaPRwire.com / 29/03/2026 / 16:03 UTC+8 Press Release (For immediate release) China XLX Announces 2025 Annual Results Deepening efforts in reducing costs, enhancing efficiency, strengthening competitiveness through differentiation and driving marketing transformation 2025 Annual Results Highlights: Profit attributable to owners of the parent after deducting non-recurring items grew by 1.2% YoY to approximately RMB 932 million. Dividend payment increased by 23.1% YoY to RMB 32 fen per share. The ratio of long-term to short-term borrowings improved from 6:4 at the beginning of the year to 8:2 at the year end with finance cost dropped by 3% YoY. The Group’s liquidity and capital structure was thus further optimized. Development of the Xinxiang New Chemical Materials Project and the Zhundong Production Base progressed smoothly. The Group’s share in domestic fertiliser market is expected to grow by 6 percentage points upon the full operation of five production bases. (29 March 2026, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) (stock code: 01866.HK) announced that the Group’s revenue for the year ended 31 December 2025 grew by 9.6% year-on-year to approximately RMB 25.35 billion. Profit attributable to owners of the parent for the period amounted to approximately RMB 932 million, down by 36.1% year-on-year and up by 1.2% year-on-year if non-recurring items were deducted. In order to reward shareholders for their long-term support and to send a positive signal to the capital market, the Board of Directors, after comprehensive consideration of the Group’s actual operating performance and future strategic plans, proposed to distribute a final dividend of RMB 32 fen per share, up by 23.1% year-on-year. During the review period, the supply glut of domestic coal chemical-related market dragged down the selling prices of products and weighed on the industry’s overall operating results. The Group adhered to the core profitability model of “low cost + differentiation” and focused on “project development” and “marketing transformation”. While making continuous efforts in reducing costs and increasing efficiency, it reinforced the competitive edges through differentiation and advanced the strategy of marketing transformation, thereby ensuring the stable operation of overall business. During the review period, revenue from urea sales reached approximately RMB 6.83 billion, down by 6% year-on-year. Due to the decline in feedstock prices, urea selling price was sluggish in the first quarter and led to a 10% year-on-year decrease in the average selling price for the year. On the other hand, driven by relaxed export controls and the unleashing of demand for winter stockpiling, urea prices rebounded quarter by quarter afterwards. It is noteworthy that the selling price in the fourth quarter climbed by 3% from previous quarter. In order to mitigate the adverse impacts of declining prices, the Group fully capitalized on the opening of export window to expand overseas sales with a primary focus on increasing the proportion of exports to Southeast Asia. As a result, the urea export volume substantially grew, leading to a 3% year-on-year increase in urea sales volume for the year. Revenue from compound fertiliser sales amounted to approximately RMB 6.92 billion in the year, up by 15% year-on-year. In a market environment characterized by misalignment in price transmission, the Group leveraged its nationwide network of small-scale production bases to accelerate marketing transformation and to strengthen agrochemical services, resulting in a 19% year-on-year increase in the sales volume of compound fertiliser. Nevertheless, owing to the national policies to stabilize selling prices and supply, the transmission of feedstock costs to the product prices was delayed, creating a temporary operational pressure arising from “lower prices amid rising costs”. Besides, farmers delayed fertiliser stockpiling, leading to a 3% year-on-year decrease in the average selling price of compound fertiliser. Revenue from methanol sales in the year surged by 37% year-on-year to approximately RMB 3.67 billion. As domestic economy steadily picked up and the capacity utilization of chemical sector improved, the downstream demand for methanol gradually recovered. As a result, the sales volume of methanol jumped by 43% from the previous year. On the other hand, methanol imports from the Middle East climbed to a record high due to geopolitical tensions. The average selling price of methanol hence dropped by 4% year-on-year on ample supply in the market. With the successful commissioning of Jiujiang Phase II Project, the Group possessed more low-cost, high-quality production capacity. It became a benchmark for the Group’s development of large-scale project and capacity optimization plan. Meanwhile, the construction of the new chemical materials project at the Xinxiang Production Base and the Zhundong Production Base progressed as planned. When all of five major production bases come on stream, the Group’s share in domestic fertiliser market is expected to increase by 6 percentage points. Leveraging its large-scale synthetic ammonia production bases, the Group had established multiple small-scale compound fertiliser bases across the country. Benefiting from their proximity to end-user markets, the Group further strengthened the nationwide marketing network. In order to safeguard the financial security and ensure its stable operation, the Group promoted steady and orderly development of large-scale production bases and projects in accordance with the development strategy for next three years, with investment in new projects and new production bases increasing by approximately 24% year-on-year. At the same time, the Group continued to optimize the debt structure, strengthening its financial stability and ensuring the orderly development of projects through medium- and long-term low-cost financings. The Group further optimized the borrowing structure through the expansion of medium- and long-term financings. As a result, the ratio of long-term to short-term borrowings improved from 6:4 at the beginning of the year to 8:2 at the year end, thus further enhancing its liquidity and capital structure. During the period, the Group completed the replacement of high-interest loans worth approximately RMB 9.24 billion, including all prior high-interest financial lease loans. The borrowing interest rate thus reduced by 0.5 percentage point. While the Group continued to proceed with its development strategy and to increase the cash resources, its finance costs still dropped by 3% year-on-year. Looking ahead into 2026, Mr. Liu Xingxu, Chairman of China XLX, said: The general trend of domestic urea market for the year will see “ample supply, stable demand and export controls”. Despite the persistence of supply glut, the arable land area is expected to further expand under the support of national policy to ensure grain production. Therefore, agricultural demand is likely to grow. At the same time, the government is expected to further relax export controls and it cannot be ruled out that the export volume will be increased to optimize the demand and supply condition in the market. The imbalance condition of the urea market will see phasal improvement. All in all, the urea price for this year will remain stable, and the selling price is expected to grow steadily in the first half amid robust agricultural demand for farming peak season. Regarding project development, the trial run of the synthetic ammonia production facility at the Xinxiang New Chemical Materials Phase I Project (with capacity of 570,000 tons) goes smoothly. Most of its indicators perform well. Through energy-saving renovation of key equipment and optimization of production process, the project's production costs are expected to decrease by approximately 8% when compared with the Group's existing production facilities. Meanwhile, the development of the Zhundong Production Base Phase I is progressing steadily as planned and it is expected to be put into operation by the end of this year. With an access to local feedstocks, this project will enjoy significant benefits from low-cost feedstocks. Upon the commencement of its operation, the Group will reinforce the market leadership in terms of production capacity and energy efficiency, thereby laying a solid foundation for it to implement large-scale expansion and enhance its market competitiveness in the future. ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited David Shiu / Liky Guo Tel: 852-2522 1368 / 852-2522 1838 Email: dshiu@prchina.com.hk lguo@prchina.com.hk 29/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS via SeaPRwire.com / 2026-03-29 / 16:03 UTC+8 新聞稿 （請即時發送） 中國心連心公佈2025年度業績 持續深化降本增效、差異化競爭優勢，推進營銷轉型戰略 2025年度業績重點： 扣非後歸屬於母公司擁有人淨利潤同比上升1.2%至約人民幣9.32億元。 每股派息增加23.1%至人民幤32分。 長短期借款比例由期初的6：4優化至期末的8：2，財務成本同比下降3%，資金流動性與結構合理性進一步提升。 新鄉基地化工新材料項目及准東基地發展按計劃推進，預計五大生產基地產能全面釋放後，本集團的化肥市佔率將提升6個百分點。 （2026年3月29日，香港）中國心連心化肥有限公司（「中國心連心」或「本公司」，連同其附屬公司合稱「集團」）（股份代號：01866.HK）宣佈，截至2025年12月31日止年度，集團實現收入約253.52億元（人民幣，下同），同比增長9.6%；期內歸屬於母公司擁有人淨利潤約9.32億元，同比下跌36.1%，若扣除非經常性損益的淨利潤則同比上升1.2%。 為回饋股東的長期支持，向資本市場傳遞積極正向的發展信號，董事會在綜合考慮本集團實際經營情況與未來戰略規劃後，建議派發末期股息每股人民幣32分，同比增加23.1%。 回顧期內，國內煤化工相關行業產能過剩，產品價格承壓下行，抑制行業整體業績增長。本集團堅持「低成本+差異化」的核心盈利模式，以「項目建設」與「營銷轉型」兩大核心抓手，持續深化降本增效、差異化競爭優勢，推進營銷轉型戰略，保障整體經營質量穩健運行。 回顧期內，尿素銷售收入約68.27億元，同比減少6%。受原料價格下行影響，第一季尿素價格低迷，導致全年平均售價同比下跌10%，但隨著出口寬鬆政策的拉動，以及冬儲需求的釋放，尿素價格逐季呈回升態勢，尤其是第四季度回升明顯，環比增長3%。為緩解價格下行帶來的不利影響，本集團充分抓住出口窗口期，拓展海外訂單，重點提升對東南亞出口佔比，推動出口量大幅增長，全年尿素銷售量同比上升3%。 期內複合肥銷售收入約69.21億元，同比上升15%。在價格傳導錯位的市場環境下，本集團依託小微基地全國佈局的優勢，持續加快營銷轉型，強化農化服務建設，推動複合肥銷量同比增長19%。另一方面，受國家保價穩供政策調控影響，原料成本向產品端的傳導滯後，形成階段性「成本上行、售價下滑」的經營壓力，加上終端農戶備肥週期延後，導致複合肥平均售價同比下降3%。 期內甲醇銷售收入約36.65億元，同比大幅上升37%。國內經濟穩步復甦，化工行業開工率有所提升，甲醇下游需求逐步改善，本集團通過甲醇自產和貿易業務的協同發展，帶動銷量同大幅上升43%。另一方面，受地緣政治影響，中東地區甲醇進口量創下歷史新高，市場供應整體寬鬆，甲醇平均售價同比下降4%。 隨著九江二期項目的順利投運，低成本優質產能進一步釋放，為集團大項目建設及產能優化佈局樹立標桿。新鄉基地化工新材料項目及准東新基地均按計劃推進，預計五大生產基地產能全面釋放後，本集團的化肥市佔率將提升6個百分點。同時，本集團以合成氨大基地為核心，在全國範圍內佈局多個複合肥小微基地，依託臨近終端市場的區位優勢，進一步構建覆蓋全國的營銷網絡。 在確保財務安全與穩健經營的前提下，本集團圍繞未來三年發展戰略，平穩、有序推進規模化發展與項目建設，新項目與新基地的投入同比增加約24%。同時，本集團持續優化貸款結構，通過中長期低成本融資，強化資金穩定性，保障項目有序推進。 本集團持續優化借款結構，拓展中長期融資，長短期借款比例由期初的6：4優化至期末的8：2，資金流動性與結構合理性進一步提升。期內本集團完成高息貸款置換規模約92.4億元，其中前期高息融資租賃貸款已全部置換完畢，帶動利率節降0.5個百分點。在支撐集團戰略落地、增加資金儲備的背景下，本集團的財務成本同比仍實現3%降幅。 展望2026年，中國心連心董事會主席劉興旭先生表示：今年國內尿素市場整體呈「供應寬鬆、需求穩定、出口調控」的發展態勢，儘管行業供應壓力仍然存在，但在國家保障糧食生產的政策導向下，有效耕地面積持續擴大，農業需求具備潛在增長空間。同時，國家有望繼續放寬出口政策，甚至不排除提升出口規模，以進一步優化市場供需格局，推動尿素供需平衡實現階段性改善。總體來看，預計全年化肥價格將保持平穩運行，其中，上半年受農需旺季等因素影響，或將穩中有升。 在項目建設方面，本集團位於新鄉基地的化工新材料一期57萬噸合成氨項目已順利進入試生產階段，目前各項指標運行良好，該項目通過對關鍵設備實施節能改造、生產工藝升級優化，其生產成本較集團現有生產線預計降低約8%。同時，位於准東基地的一期項目正按計劃穩步推進，預計於今年年底順利投運，該項目依託當地原料資源稟賦，具備顯著的原料低成本優勢。項目投運後，本集團低成本產能規模與裝置能耗水平將達到行業領先，為集團後續規模化發展，提升市場競爭力奠定基礎。 ~ 完 ~ 關於中國心連心化肥有限公司 中國心連心化肥有限公司為中國最具規模優勢和成本效益的煤基尿素生產商之一，主要從事尿素、複合肥、甲醇、二甲醚、三聚氰胺、糠醇、糠醛、2-甲基呋喃和醫藥中間體等相關差異化產品的研發、生產與銷售。集團堅持「總成本領先、差異化競爭」的發展策略，做大做強化肥主業，依託新鄉、新疆、江西等地區資源，向上遊新能源、新材料等產品鏈延伸，向煤化工相關多元化方向發展。中國心連心股份在香港交易所主板上市，股份編號：01866.HK。 投資者及媒體查詢 中國心連心化肥有限公司 桂琳 電話：86-135 6942 3415 電郵：lin.gui@chinaxlx.com.hk 中國公關顧問有限公司 蕭偉成 / 郭麗君 電話：852-2522 1368 / 852-2522 1838 電郵：dshiu@prchina.com.hk lguo@prchina.com.hk 2026-03-29 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php