On April 29, Sichuan New Energy Power announced that for the first quarter of 2026, it achieved operating revenue of Yuan 1.221 billion, a year-on-year increase of 45.97%. Its net profit attributable to shareholders of the listed company reached Yuan 267 million, a year-on-year increase of 12.65%. The performance change was mainly attributable to an increase in both sales volume and prices in the company's lithium battery business, leading to higher operating revenue from this segment.
Note: The company's Q1 net profit was Yuan 267 million, compared with Yuan 155 million in Q4 2025. Based on this calculation, Q1 net profit increased by 72% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
