Thai Air Shares Soar to Seven-Year High After Earnings Jump
The carrier rose as much as 10.5% on Friday to the highest intraday level since October 2018, extending its weekly gains to almost 340%. Its market value has reached more than 407.5 billion baht ($12.6 billion), making it the fifth-largest carrier in Asia, according to data compiled by Bloomberg.
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Yahoo
an hour ago
- Yahoo
China XLX Announces 2025 Interim Results
Q2 Profit Saw Strong QoQ Rebound On Improved Sales Volume and Selling Prices of Products 2025 Interim Results Highlights： Q2 revenue grew by 16.7% QoQ to approximately RMB 6.82 billion. Profit attributable to owners of the parent for Q2 surged by 103.4% QoQ to approximately RMB 402million. The Group continued to optimize the debt structure, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June and the finance expenses dropped by 14% YoY in the first half. The debt-to-asset ratio stayed at a healthy level of 63.5%. HONG KONG, HK / / August 10, 2025 / China XLX Fertiliser Ltd. ("China XLX" or the "Company", together with its subsidiaries collectively referred to as the "Group"), announced that the Group's revenue for the three months ended 30 June 2025 grew by 16.7% quarter-on-quarter to approximately RMB 6.82 billion. Profit attributable to owners of the parent for the period climbed 103.4% quarter-on-quarter to approximately RMB 402 million. In the first half of this year (the "Review Period"), the Group posted revenue of approximately RMB 12.666 billion, up 5.0% year-on-year. Profit attributable to owners of the parent for the period reduced by 12.8% year-on-year to approximately RMB 599 million. While the Group's first-quarter results were dragged by lower product prices, its second-quarter results significantly improved from previous quarter. The selling prices of its products, in particular those of urea and melamine, remarkably rebounded in the second quarter on a gradual pickup in downstream demand. Underpinned by enhanced marketing efforts and orderly deployment of new production capacity, the Group's revenue steadily grew as the sales volumes of different products increased at varying degrees Revenue from urea sales in the first half amounted to approximately RMB 3.225 billion, down by 16% year-on-year mainly due to 19% year-on-year decrease in average selling price. Owing to a combination of factors including market imbalance, export control and reduction in feedstock prices, urea selling prices spiraled downwards early this year and hence dragged down the average selling price of urea for the first half. Nevertheless, urea prices gradually picked up in the second quarter and grew by 10% from previous quarter as the urea export policy became clear and downstream demand was continually unleashed. The Group seized the opportunity arising from eased export control to vigorously expand into overseas markets, resulting in an increased export of 47,000 tons from a year ago and 4% year-on-year growth in the sales volume of urea. Moreover, it continued to strengthen the production technology and took advantage of the favorable environment from declined coal prices to bargain with suppliers for greater reduction in coal costs. As a result, the average production cost came down by 7% year-on-year. Mainly driven by 8% year-on-year growth in sales volume, revenue from the sale of compound fertilisers grew by 5% year-on-year to approximately RMB 3.566 billion in the first half. The successful commissioning of Guangxi Production Base enabled the Group to cover the Guangdong, Guangxi and Hainan markets. The robust agricultural demand in South China, a major cash crop producing area, drove steady growth in the sales volume of compound fertilisers and led to 11% year-over-year increase in the sales volume of high-efficiency fertilisers. Guangxi Production Base allows the Group to better serve the regional markets. Revenue from the sale of methanol reached approximately RMB 1.642 billion in the first half, representing 27% year-over-year growth. As the growth pace of production capacity in the market slowed down and many downstream facilities commenced operation, the methanol market showed signs of improvement. In the context of such market environment, the Group signed strategic long-term agreements with upstream suppliers in advance. With stepped-up efforts to stabilize the selling prices and expand foreign trade, the sales volume of methanol grew 28% year-on-year. During the Review Period, the Group continued to optimize the debt structure and expand the financing channels, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June. Such loan arrangements not only aligned with the development cycles of the Group's projects and fully met their funding needs, but also helped mitigate the Group's short-term debt repayment pressure and further strengthened its debt structure. Meanwhile, the Group took advantage of interest rate cuts to refinance high-interest loans, resulting in 0.8 percentage point decrease in average lending rates and 14% year-on-year decrease in finance expenses in the first half. As of the end of June, the Group's debt-to-asset ratio remained at a healthy level of 63.5%. When the Phase II of Jiangxi Project commences operation in the third quarter of this year as planned, it will generate positive cash flow to the Group in the second half, hence reducing the pressure from capital expenditures for the full year and keeping its debt-to-asset ratio within a reasonable range. Looking ahead into the second half, Mr. Liu Xingxu, Chairman of China XLX , said: Urea prices are expected to stabilize amid sufficient supply in domestic nitrogenous fertiliser market, stable demand and orderly adjustment of urea exports. Furthermore, as the modernization of China's agriculture gathers momentum, the country's crop cultivation areas will continue to expand. There is robust demand for high-efficiency fertilisers from large-scale farmers. Mr. Liu Xingxu noted that the Group is China's leading advocate for high-efficiency fertilisers. It is committed to the research and applications of advanced technology such as slow-release and controlled-release fertilisers and fertigation. Through vigorous efforts to promote the economical use of water and fertilisers, the efficient planting to boost yields and the fertiliser applications for modern agriculture, the Group reinforces its competitive edges in the market. Meanwhile, it will stick to the strategy of driving "high-quality development based on fertiliser business". By establishing a strong foothold on synthetic ammonia production, it will leverage the economies of scale and the production base model to achieve low-cost operation in coal gasification through efficient recycling of resources at production bases. The Phase II of Jiangxi Production Base is slated for production in the third quarter of this year, and the New Chemical Materials Project at Xinxiang Production Base is scheduled to commence operation in the first quarter of 2026. Meanwhile, the development of new production bases in Guangxi and Zhundong is progressing on schedule. When all facilities under construction are fully operational by 2027, the Group's cash inflow will significantly outstrip its capital expenditures and hence create a virtuous cycle of "investment, output and growth". ~ 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: are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser LinTel: 86-135-6942-3415Email: PRChina LimitedRachel ChenTel: 852-2522 1368 / 852-2522 1838Email: rchen@ File: 【Press Release】China XLX Announces 2025 Interim ResultsFile: China XLX Announces 2025 Interim Results SOURCE: China XLX Fertiliser Ltd. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
an hour ago
- Associated Press
China XLX Announces 2025 Interim Results
Q2 Profit Saw Strong QoQ Rebound On Improved Sales Volume and Selling Prices of Products 2025 Interim Results Highlights： HONG KONG, HK / ACCESS Newswire / August 10, 2025 / China XLX Fertiliser Ltd. ('China XLX' or the 'Company', together with its subsidiaries collectively referred to as the 'Group'), announced that the Group's revenue for the three months ended 30 June 2025 grew by 16.7% quarter-on-quarter to approximately RMB 6.82 billion. Profit attributable to owners of the parent for the period climbed 103.4% quarter-on-quarter to approximately RMB 402 million. In the first half of this year (the 'Review Period'), the Group posted revenue of approximately RMB 12.666 billion, up 5.0% year-on-year. Profit attributable to owners of the parent for the period reduced by 12.8% year-on-year to approximately RMB 599 million. While the Group's first-quarter results were dragged by lower product prices, its second-quarter results significantly improved from previous quarter. The selling prices of its products, in particular those of urea and melamine, remarkably rebounded in the second quarter on a gradual pickup in downstream demand. Underpinned by enhanced marketing efforts and orderly deployment of new production capacity, the Group's revenue steadily grew as the sales volumes of different products increased at varying degrees Revenue from urea sales in the first half amounted to approximately RMB 3.225 billion, down by 16% year-on-year mainly due to 19% year-on-year decrease in average selling price. Owing to a combination of factors including market imbalance, export control and reduction in feedstock prices, urea selling prices spiraled downwards early this year and hence dragged down the average selling price of urea for the first half. Nevertheless, urea prices gradually picked up in the second quarter and grew by 10% from previous quarter as the urea export policy became clear and downstream demand was continually unleashed. The Group seized the opportunity arising from eased export control to vigorously expand into overseas markets, resulting in an increased export of 47,000 tons from a year ago and 4% year-on-year growth in the sales volume of urea. Moreover, it continued to strengthen the production technology and took advantage of the favorable environment from declined coal prices to bargain with suppliers for greater reduction in coal costs. As a result, the average production cost came down by 7% year-on-year. Mainly driven by 8% year-on-year growth in sales volume, revenue from the sale of compound fertilisers grew by 5% year-on-year to approximately RMB 3.566 billion in the first half. The successful commissioning of Guangxi Production Base enabled the Group to cover the Guangdong, Guangxi and Hainan markets. The robust agricultural demand in South China, a major cash crop producing area, drove steady growth in the sales volume of compound fertilisers and led to 11% year-over-year increase in the sales volume of high-efficiency fertilisers. Guangxi Production Base allows the Group to better serve the regional markets. Revenue from the sale of methanol reached approximately RMB 1.642 billion in the first half, representing 27% year-over-year growth. As the growth pace of production capacity in the market slowed down and many downstream facilities commenced operation, the methanol market showed signs of improvement. In the context of such market environment, the Group signed strategic long-term agreements with upstream suppliers in advance. With stepped-up efforts to stabilize the selling prices and expand foreign trade, the sales volume of methanol grew 28% year-on-year. During the Review Period, the Group continued to optimize the debt structure and expand the financing channels, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June. Such loan arrangements not only aligned with the development cycles of the Group's projects and fully met their funding needs, but also helped mitigate the Group's short-term debt repayment pressure and further strengthened its debt structure. Meanwhile, the Group took advantage of interest rate cuts to refinance high-interest loans, resulting in 0.8 percentage point decrease in average lending rates and 14% year-on-year decrease in finance expenses in the first half. As of the end of June, the Group's debt-to-asset ratio remained at a healthy level of 63.5%. When the Phase II of Jiangxi Project commences operation in the third quarter of this year as planned, it will generate positive cash flow to the Group in the second half, hence reducing the pressure from capital expenditures for the full year and keeping its debt-to-asset ratio within a reasonable range. Looking ahead into the second half, Mr. Liu Xingxu, Chairman of China XLX , said: Urea prices are expected to stabilize amid sufficient supply in domestic nitrogenous fertiliser market, stable demand and orderly adjustment of urea exports. Furthermore, as the modernization of China's agriculture gathers momentum, the country's crop cultivation areas will continue to expand. There is robust demand for high-efficiency fertilisers from large-scale farmers. Mr. Liu Xingxu noted that the Group is China's leading advocate for high-efficiency fertilisers. It is committed to the research and applications of advanced technology such as slow-release and controlled-release fertilisers and fertigation. Through vigorous efforts to promote the economical use of water and fertilisers, the efficient planting to boost yields and the fertiliser applications for modern agriculture, the Group reinforces its competitive edges in the market. Meanwhile, it will stick to the strategy of driving 'high-quality development based on fertiliser business'. By establishing a strong foothold on synthetic ammonia production, it will leverage the economies of scale and the production base model to achieve low-cost operation in coal gasification through efficient recycling of resources at production bases. The Phase II of Jiangxi Production Base is slated for production in the third quarter of this year, and the New Chemical Materials Project at Xinxiang Production Base is scheduled to commence operation in the first quarter of 2026. Meanwhile, the development of new production bases in Guangxi and Zhundong is progressing on schedule. When all facilities under construction are fully operational by 2027, the Group's cash inflow will significantly outstrip its capital expenditures and hence create a virtuous cycle of 'investment, output and growth'. ~ 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: are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries File: 【Press Release】China XLX Announces 2025 Interim Results File: China XLX Announces 2025 Interim Results SOURCE: China XLX Fertiliser Ltd. press release
Associated Press
an hour ago
- Associated Press
NING Service Experience Centers Launch in Shanghai and Bangkok, Setting a New Benchmark for the NEV Aftermarket
NINGDE, China, Aug. 10, 2025 /CNW/ -- On August 10th, NING Service, an independent aftermarket brand under CATL, celebrated its first anniversary alongside the 10th anniversary of CATL's after-sales business. The NING Service Brand Day themed 'Now Action' was officially launched, with the flagship experience center in Shanghai and the first overseas directly-operated store in Bangkok, Thailand, opening on the same day. Leveraging its continuous innovation in battery maintenance technology, a globally leading service network and talent system, and a full battery lifecycle ecosystem, NING Service addresses the pain points of new energy vehicle consumers, leading the new energy vehicle aftermarket into a new phase. A Decade of Dedication: Building a Robust Triangle of Service-Talent-Standard 'As the global energy structure transition accelerates, China's new energy industry has entered a critical turning point for large-scale development. In NEV industry, existing service systems struggle to meet new demands such as testing of the battery system, electric drive and power electronics, as well as the battery health assessment. As a pioneer in the field of new energy services, NING Service always places customer needs at the forefront, driven by technological innovation and aiming for win-win cooperation to promote high-quality development in the new energy aftermarket,' said Li Wei, President of CATL's Aftermarket Business Department. Originally established in 2015 as CATL's After-Market Business Department, NING Service officially upgraded to an independent brand in 2024. Leveraging CATL's globally leading expertise in power battery technology, NING Service provides comprehensive chain services including battery inspection, maintenance, and recycling through directly-operated experience centers, authorized service providers, and a global service network for both enterprises and consumers. After ten years of efforts, NING Service has built a robust presence across 75 countries, operating more than 1,100 service outlets and managing 67 spare parts warehouses with a total area exceeding 370,000 square meters. Building on 24 various industry standards led or involved by CATL's after-sales team, and supported by self-developed service systems covering passenger vehicles, commercial vehicles, energy storage product lines and 6 major application scenarios, NING Service has fulfilled the promise of 'general faults repaired within 8 hours, complex faults within 72 hours', firmly holding the top position in the industry. Globally, CATL's overseas service network has achieved 24-Hour response, ensuring seamless service experience for global customers. Furthermore, NING Service collaborates with partners to establish professional new energy detection and repair training bases across 18 provinces and municipalities in China, addressing the growing demand for skilled professionals in the national new energy aftermarket. It has cultivated over 8,600 industry specialists, building a complete talent ecosystem encompassing talent supply, cultivation, and management layout, continuously injecting fresh blood into the industry. Breaking Technical Barriers: Ending the 'Replace-Only, No Repair' Maintenance Dilemma While bottom-impact incidents involving battery packs in new energy vehicles are relatively uncommon, they often result in severe damage requiring full pack replacement- a costly repair. Additionally, third-party repair processes pose safety risks, making it difficult to ensure vehicle and user safety. To address this issue, NING Service has innovatively launched its CTP repair service. Utilizing CATL original equipment components, the service strictly adheres to CATL's technical standards and quality requirements and comes with official warranty coverage, ensuring safe and reliable repairs. The repair service is significantly more affordable than full pack replacement, saving substantial repair costs for users and breaking the industry's 'replace-only, no repair' deadlock for CTP batteries. During the battery pack repair process, NING Service consistently upholds standardized operating protocols - conducting repairs in a professional and dust-free environment with constant temperature and humidity while rigorously following the original equipment manufacturer's meticulous inspection and repair procedures. This stringent system precisely ensures the reliability of cell-level repairs, effectively eliminating the risk of secondary damage caused by improper handling or substandard parts, thereby safeguarding battery performance and safety at their core. Additionally, to further enhance service professionalism and safety, NING Service has independently developed a non-destructive testing device. This device can complete fault detection in just 15 minutes, achieving an accuracy rate of over 90%. Utilizing ultrasonic guided wave technology, the device enables precise internal damage detection without the need to disassemble the battery pack, effectively avoiding secondary damage that could result from disassembly and inspection. This not only ensures battery safety and longevity but also saves time and repair costs for users. The non-destructive testing device is expected to be officially launched by the end of this year. Leveraging the triple advantages of OEM's technology, genuine parts assurance, and authoritative certification, NING Service has successfully overcome the industry-wide challenges of 'difficult and expensive battery pack repairs', providing customers with professional solutions that are both reliable and cost-effective. Closed-Loop Ecosystem: Comprehensive Management Across the Battery's Full Lifecycle NING Service is committed to providing new energy users with services that span the entire lifecycle of a battery – 'from production and usage to recycling and regeneration'. By integrating a professional battery health assessment system comprising 45 online analyses and 28 offline inspections, NING Service delivers authoritative battery testing and maintenance, helping users promptly identify potential risks, extend battery lifespan, and simultaneously enhance transparency and residual value in the used vehicle market. At the same time, leveraging the globally leading circular supply chain of Brunp Recycling, a CATL subsidiary, NING Service has established a '72-Hour Express Recycling' network, achieving triple the regional coverage rate of third-party platforms. By establishing an efficient green recycling supply chain, NING Service actively fulfills its commitment to sustainable development. In the future, consumers will be able to easily complete the recycling of retired batteries through NING Service's platform. Recovered batteries will undergo strict screening and classification, followed by tailored processing based on their condition and performance - either repaired and remanufactured, cascade utilized, or broken down for reusable raw materials. Through this model, NING Service not only provides consumers with a convenient recycling channel but also maximizes battery lifecycle extension and minimizes resource waste. Moreover, adhering to the philosophy of 'co-creation', NING Service collaborates with high-quality industry partners to expand into diversified business areas such as electric vessel operations and the low-altitude economy. This collaborative approach extends the boundaries of service offerings and creates new growth opportunities. Through an open partnership model, NING Service not only drives its own sustainable business growth but also injects fresh vitality into the broader new energy industry. As a key strategic move by CATL in the aftermarket services sector, NING Service not only provides vehicle owners with superior technical support but also sets a new benchmark for the new energy industry through its closed-loop ecosystem approach. Currently, NING Service's flagship experience centers have been established in seven domestic cities in China, including Wuhan and Guangzhou. The store in Bangkok, Thailand, spanning over 2000 square meters and integrating CATL's global service standards, marks its first overseas location and serves as a crucial step for CATL's global technology deployment and service coordination. Looking ahead, NING Service will continue to drive innovation in maintenance technology, service models, and network expansion, injecting new momentum into the healthy, stable, and orderly development of the new energy vehicle aftermarket. View original content to download multimedia: SOURCE Contemporary Amperex Technology Co., Limited (CATL)
