Hunan Yuneng New Energy Battery Material Co., Ltd. announced that in the first quarter of 2026, it achieved operating revenue of Yuan 14.965 billion, a year-on-year increase of 121.31%. The net profit attributable to shareholders of the listed company was Yuan 1.356 billion, an increase of 1,337.77% YoY. The performance change was mainly attributed to the growth in sales volume of phosphate-based cathode materials compared to the same period last year, along with rising prices of materials such as lithium carbonate, which drove up product selling prices, leading to a year-on-year increase in operating revenue.
Hunan Yuneng's main business is the research, development, production, and sales of lithium-ion battery cathode materials, with its primary product being phosphate-based cathode materials, widely used in EVs and energy storage sectors. In Q1 2026, benefiting from the recovery of industry chain sentiment and upward raw material prices, the company's profitability improved significantly.
Edited by Cassie Li, lixiangying@mysteel.com
