Financial Highlights:(RMB Million)For the Year Ended 31 December20242023ChangesRevenue11,94612,990- 8.04%Gross Profit1,7052,061- 17.27%Net Profit Attributable to Owners of the Company1,0712,382- 55.04%Basic Earnings per Share (RMB)0.230.52- 55.80%HONG KONG, Mar 18, 2025 - (ACN Newswire via SeaPRwire.com) - China BlueChemical Ltd. (“China BlueChem” or the “Company,” stock code: 3983), China’s largest chemical fertilizer central enterprise in both production capacity and production volume, has announced its audited annual results for the year ended 31 December 2024. In 2024, the Company realized a revenue of RMB11.946 billion. Net profit attributable to owners of the Company amounted to RMB 1.071 billion. The Board has recommended the payment of a final dividend of RMB0.1208 per share (tax inclusive) for 2024, representing a payout ratio of 52%.The Company’s profit declined in 2024 compared with 2023, since, firstly, its profit in 2023 included a one-time gain of RMB852 million from the disposal of 67% equity interest in its subsidiary, CNOOC Tianye (now renamed as New Material Company). Secondly, the Company’s production and sales of urea reduced due to concurrent maintenance work at three of its urea plants in 2024, as well as the significant weakening in the prices of urea and other products.Mr. HOU Xiaofeng, Chairman and Executive Director of China BlueChem said, “In the past year, the chemical fertilizer industry as a whole has been under pressure, and urea prices have fluctuated significantly. In the face of challenges, the Company has focused on three main areas: safe operation, cost reduction and efficiency enhancement, and market expansion, to optimize production management, strengthen cost control, and coordinate product marketing. During the reporting period, net profit attributable to owners of the Company was RMB1,071 million. In order to reward shareholders for their long-standing support, the Board has recommended the payment of a final dividend of RMB0.1208 per share (tax inclusive) for the year 2024, representing a payout ratio of 52%, to enable our shareholders to share the results of the Company’s development.The Company has been committed to the green development strategy and consistently maintained a leading position in energy efficiency indicators. The methanol plant has been awarded the title of “Energy Efficiency Leader” by the China Petroleum and Chemical Industry Federation for 13 consecutive years, and our synthetic ammonia plant has been awarded the title of “Water Efficiency Leader” by the China Nitrogen Fertiliser Industry Association for five consecutive years. With the outstanding sustainable development practices, the Company has been awarded the “Industry Stewardship Champion” certification by the International Fertilizer Industry Association (IFA), and was the only domestic enterprise selected in 2024, demonstrating its global influence.In respect of production management, the Company continued to strengthen its management and control over production operations, resulting in consistently stable and optimal operation of production facilities with no accidents and issues in production safety throughout last year. The Company’s production facilities achieved the long-cycle operation target of “one 200-day period or two 100-day periods” for the year 2024. The Hainan Phase I methanol plant recorded a long-term operation period of 514 days, and the gasification plant of CNOOC Huahe recorded a long-term operation period of 510 days, breaking its own historical record and taking a leading position in the industry. The number of fatal accidents of employees and environmental pollution incidents has been “zero” for three consecutive years. The acrylonitrile project successfully passed the quality completion inspection with a passing rate of 100%. Benefiting from these achievements, during the year, the Company produced 1,918 thousand tonnes of urea, 855 thousand tonnes of phosphate and compound fertilizers, 1,438 thousand tonnes of methanol and 230 thousand tonnes of acrylonitrile and relating products.With regard to sales management, China BueChem has continued to strengthen market research and grasp market trends to enhance the effectiveness of its marketing efforts. In addition, the Company has continuously optimized the direct sales e-commerce platform for chemical fertilizers “CNOOC Huinongbao” to create a convenient and efficient environment for purchasing chemical fertilizers. It also expanded the product market and explored the applications of the methanol fuel. In 2024, the Company sold 1,888 thousand tonnes of urea, 1,426 thousand tonnes of methanol, 509 thousand tonnes of phosphate fertilizers, 295 thousand tonnes of compound fertilizers and 266 thousand tonnes of acrylonitrile and related products. During the year, it exported a total of 4 thousand tonnes of urea, 1,26 thousand tonnes of DAP, 9 thousand tonnes of methanol and 9 thousand tonnes of acrylonitrile.Looking ahead to 2025, the gap between domestic urea supply and demand still exists, and the urea market is expected to remain under pressure. The domestic supply of phosphate fertilizers is expected to be stable. Driven by factors such as the task of increasing grain production and the restorative growth of farmland area, the demand for phosphate fertilizer in China is expected to grow, and its market price is anticipated to remain stable. Methanol production capacity is projected to increase significantly compared with last year. At the same time, the planned capacity expansion of the downstream methanol operation will further increase the demand for methanol. Therefore, the methanol market may display a “boom in both supply and demand” trend. The pattern of overcapacity of domestic acrylonitrile industry is prominent. The ABS industry remains the main growth point for downstream demand, but the new demand is insufficient to absorb the excess capacity. Meanwhile, the global economy has entered a normal state of slow growth, and the export of acrylonitrile may still face certain resistance. Besides, the Hainan Free Trade Port policy provides strategic opportunities for the Company to deploy logistics and international trade.Mr. HOU Xiaofeng, Chairman & Executive Director of China BlueChem said, "In 2025, the Company will focus on three directions of development. Firstly, it will establish the quality positioning of “Plant Nutrition Solution Provider”. Secondly, it will develop a new chemical materials industry system centered on “carbon-rich gas-based”, “biomass-based” and “phosphorus resource-based”, and thirdly, it will explore comprehensive utilization projects for overseas natural gas resources, expanding room for international development.”“In future, the Company will consistently uphold the stability of national food security supply and enhance shareholder value returns. It will continuously consolidate the Company’s dual peaks in both production capacity and output among all central state-owned enterprises in the fertilizer sector, setting a benchmark for the industry.” Mr. HOU Xiaofeng concluded.About China BlueChemical Ltd.China BlueChemical Ltd. (“China BlueChem”) is a listed company that specialises in the development, production and sales of chemical fertilisers and synthetic chemical products. It is the largest Central enterprise in the field of chemical fertilisers in terms of both production capacity and production volume. The Company is a subsidiary of China National Offshore Oil Corporation which mainly engages in the exploration, development, production and sales of crude oil and natural gas. On 29 September 2006, China BlueChem was listed on the main board of The Stock Exchange of Hong Kong Limited with the stock code 3983. Currently, its production facilities are located in Hainan, Hubei and Heilongjiang, China, with a total designed annual production capacity of 1.84 million tonnes of urea, 1 million tonnes of phosphate and compound fertilisers (mono-ammonium phosphate, di-ammonium phosphate and compound fertiliser), 1.4 million tonnes of methanol, 200 thousand tonnes of acrylonitrile and 70 thousand tonnes MMA. It has a deep water port with a designed annual throughout capacity of 18.28 million tonnes in Dongfang city, Hainan province. Boasting continued growth of its brand value, the Company’s brand value reached historical high at RMB6.758 billion in 2024. Besides, In 2024, the Company was awarded the “Industry Stewardship Champion” certification by the International Fertilizer Industry Association (IFA), and ranked on the top of the list of The outstanding 100 Chemical Fertilizer Companis in China. For more information about the Company, please visit its website:www.chinabluechem.com.cn. Copyright 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Mar 17, 2025 - (ACN Newswire via SeaPRwire.com) - A movement that began as a spark of inspiration now returns as a beacon of empowerment. The HER Courage Leaders Summit 2025 is set to take place on 5 April 2025, at NTUC One Marina Boulevard, Singapore, bringing together trailblazers, entrepreneurs, and changemakers dedicated to advancing women’s leadership across ASEAN.Organised by Class Living, a women-led and social impact-driven enterprise passionate about empowering women in self-development and entrepreneurship, the summit is more than an event — it is a call to action. This year, with strengthened partnerships in Singapore, Vietnam, and Brunei, the summit amplifies opportunities for women leaders through cross-border networking, mentorship, and business expansion.One of the most inspiring additions this year is the student video project, where young voices will share their perspectives on leadership, offering a glimpse into the aspirations and challenges that shape the next generation of women leaders in ASEAN.Inspiring Change - HER Courage Leaders Summit 2025With the theme “Inspiring Courage,” this year’s summit will feature dynamic panel discussions, strategic networking opportunities, and engaging conversations with industry leaders and advocates of female empowerment. The day will culminate in the highly anticipated HER Courage Awards & Celebration Dinner, commemorating Women of Courage Asia’s 6th anniversary and honouring women who have shown exceptional resilience and leadership.More than just an awards ceremony, the evening will serve as a tribute to unsung heroines — women whose stories of strength and perseverance often go unnoticed. It is a night to celebrate courage, break barriers, and inspire others to step boldly into their leadership journeys."HER Courage Leaders Summit is not just a conference; it is a movement. It is a catalyst for awakening the courage of women and igniting their power of influential leadership for transformative impact,” said Lilian Ong, Founder of Class Living, Women of Courage Asia, and HER Courage Biz Network, Country President of ABWCI Singapore, as she shared her vision for the future of women's empowerment.The summit’s reach also extends beyond Singapore’s borders. The Transform With Courage Conference will make its debut in Brunei in 2025, with plans to expand into the Philippines by 2026. These initiatives serve as stepping stones for women to build meaningful networks and thrive as leaders in their communities without the restrictions of borders.Advancement in Women’s Leadership Through Strategic PartnershipThis year, Class Living partners with NTUC U Women & Family, having Ms Yeo Wan Ling – Assistant Secretary-General and Director of U SME and U Women & Family at NTUC, Executive Secretary of the National Transport Workers’ Union, and Member of Parliament for Pasir Ris–Punggol GRC – as the Guest of Honour, to strengthen mentorship and career advancement programmes, reinforcing the summit’s commitment to fostering long-term impact. These initiatives aim to build self-leadership confidence and career pathways for women at all stages of their professional journeys and includes NTUC’s International Women’s Day celebrations—To-Gather: Power of Women – Bright, Brave and Bold—which features a symbolic fun walk and SHE Supports Friendship Circles session.The need for structured mentorship and leadership programs remains urgent in ASEAN, where women still face barriers to career growth. Vietnamese entrepreneur Nhi Le is a testament to the impact of such programs—once a mentee, she now serves as a mentor, proving that empowered women uplift entire communities.Partnering with Extraordinary People to support caregivers in gaining confidence and new skills, this initiative empowers them to take charge of their journeys—whether in their families, communities, or careers. “Caregivers are the backbone of their loved ones’ lives. They deserve opportunities for personal growth and leadership in ways that matter to them,” said Mr. Ivan Chin, CEO of Extraordinary People.Education also plays a pivotal role in shaping future leaders. This year, Class Living is also collaborating with PSB Academy and SME Marketing Academy to create career development and networking opportunities for aspiring women leaders. The partnership with PSB Academy provides students with real-world exposure through industrial projects in marketing, content creation and podcast production, connecting academic learning with real industry work experience.“These collaborations equip our students with essential skills in organisation and planning, along with practical experience, ensuring that they graduate prepared to excel in their careers and make valuable contributions to their industries,” said Falilah Mohamed, Deputy Director of the Student Success Office at PSB Academy.The HER Courage Leaders Summit 2025 will leave attendees with transformative insights, strategic partnerships, and an empowered vision for their leadership journeys, while also providing access to key business networking platforms such as SME Bosses Connect, NTUC U Women & Family, and ABWCI. The evening will also be graced by a special performance from Extraordinary People, a charity dedicated to supporting individuals with special needs.Day Session Tickets are priced at $297, covering panel discussions, networking, and a buffet lunch. Evening Gala Dinner Tickets are available for $397, including dinner and the HER Courage Awards ceremony. Early Bird tickets start at just $60, and a limited-time IWD special promotion offers a 'Buy 1, Get the 2nd at 50% off' deal until 10 March. Tickets and table bookings can be secured on the website.Media Contact:Julia Lachicajulia@swstrategies.org+65 8748792You may download the media assets here. Class Living is a women-led and social impact-driven enterprise that is passionate about empowering women to focus on their personal growth and leadership development so that they can achieve their dreams & destinies while making a transformative impact in their spheres of influence. Class Living has built three communities, namely Connecting Mothers Support Group, Women of Courage Asia and HER Courage BizNetwork to meet the different needs of women in their journey of Personal growth & Leadership, Motherhood, Professional advancement or Entrepreneurship.NTUC U Women and Family is the voice for working women and families. It supports the aspirations of working women through the promotion and enhancement of employment opportunities and work-life initiatives. For more details, visit https://www.ntuc.org.sg/uwomenandfamilyExtra•Ordinary People, established in July 2017 as a registered charity, endeavours to enable and support children and individuals with special needs in forming an inclusive society. Inclusion recognises that everyone has value and can contribute. Singapore can take the lead as an Inclusive society fuelled by compassion, supported by well-equipped carers and driven by corporate leadership.As one of Singapore’s leading private education institutions with a 60-year heritage of producing more than 200,000 learners, PSB Academy is committed to defining its identity as “Asia’s Future Academy”. Established in 1964, the Academy started under Singapore’s Economic Development Board and later Productivity and Standards Board to upgrade the knowledge and skills of Singapore’s workforce. With an approach to education that focuses on what really matters: performance in the New Economy, PSB Academy provides quality education to shape and nurture future-ready graduates with the necessary skills and tools to stay relevant in a digitally-driven economy.PSB Academy campuses include three dynamic locations, with the newly added Cathay Campus* at the iconic building of The Cathay at the buzzing Orchard Road, alongside its City Campus comprising the Main Wing and STEM Wing at Marina Square Shopping Mall. The learning spaces in the heart of the city connect students globally through a collaborative learning and networking environment that enables them to be agile innovators and contributors to society.With a strong network of industry partners to prepare students for the workforce, PSB Academy today hosts over 20,000 students from more than 50 nationalities with its slate of certificate, diploma, degree, and short courses.SME Bosses Connect is a dynamic platform dedicated to empowering small and medium-sized enterprise (SME) owners and entrepreneurs. Founded with the mission to foster growth and success in the business world, this organization provides a unique space for SME leaders to network, share experiences, and gain valuable insights. Through their events and initiatives, SME Bosses Connect aims to create a supportive community where business owners can connect, collaborate, and thrive in today's competitive marketplace.At the heart of SME Bosses Connect is the belief that every business owner has the potential to become a "boss" in their respective field. By bringing together like-minded individuals, the platform facilitates knowledge exchange, mentorship opportunities, and access to resources that can help SMEs overcome challenges and seize new opportunities. Whether you're a seasoned entrepreneur or just starting your business journey, SME Bosses Connect offers a welcoming environment where you can learn, grow, and build lasting relationships with fellow business leaders.ABWCI is a global chamber for women in business; empowering them through a supportive ecosystem, fostering equity, and inclusive prosperity for a thriving society. We are a membership-based network, connecting more than 150,000 women across diverse sectors in over 30 countries. Having 150+ strategic partnerships with key stakeholders of the entrepreneurial ecosystem, ABWCI is creating opportunities for women entrepreneurs across the globe.Registered as a Not For Profit under Section 8 of the Indian Companies Act, 2013, ABWCI was officially launched in 2021; with the aim to empower, engage, and educate women in business, while advocating for policies that foster a collaborative ecosystem globally. Since then, we have mobilized funds worth $18M for women in business and organised 80+ events aligned to our goal of advancing women’s economic empowerment.Being recognized as a member of UNFPA's Equity 2030 Alliance, knowledge partner by the UNGCNI, partner by VUCEA (Ministry of Economy in Argentina), and knowledge partner by the G20/W20 in 2023 is a testament to our pivotal role in advancing societal transformation through women-led development, and commitment to social impact. Copyright 2025 ACN Newswire via SeaPRwire.com.