Shares of CHINA XLX FERT (01866) surged 5.14% on Wednesday morning, following the release of the company's impressive financial results for the first nine months of 2024.
According to the earnings release, CHINA XLX FERT reported revenue of RMB 17.42 billion for the nine-month period, a significant increase from the same period last year. The company's net profit attributable to shareholders also reached RMB 1.53 billion, indicating strong profitability.
Analysts attributed the stock's soaring performance to the company's solid financial performance, which exceeded market expectations. The strong revenue and profit growth reflect robust demand for fertilizers amidst favorable market conditions.
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