On July 8, Chengxin Lithium announced that it expects a net profit attributable to shareholders of the listed company of Yuan 1.00 billion to 1.20 billion for the first half of 2026, turning a year-on-year loss into a profit.
During the reporting period, benefiting from the rapid development of the global new energy industry, the selling prices of lithium salt products increased significantly compared with the same period last year. The company continued to optimize production efficiency and implement cost control and efficiency enhancement initiatives, while its lithium salt plant in Indonesia saw a substantial ramp-up in capacity. In H1, the company achieved both volume and price growth in its lithium salt products, resulting in a significant improvement in operating performance compared with the same period last year.
Note: The company's net profit for Q2 is expected to be Yuan 536 million to 736 million, compared with Yuan 464 million in Q1. Based on this, Q2 net profit is expected to increase by 15% to 58% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
