On July 9, SEMCORP announced that it expects a net profit attributable to shareholders of the listed company of Yuan 736 million to Yuan 900 million for the first half of 2026, swinging to profit year-on-year. During the reporting period, the downstream lithium-battery separator market sustained robust demand. The company actively adjusted its production capacity to effectively match downstream customers' requirements for high-quality separators, driving steady growth in product sales. Combined with full-process cost management, unit cost control delivered solid results. Meanwhile, as industry supply-demand dynamics continued to improve, separator product prices stabilized and rebounded from last year's trough, providing strong support for the company's profit recovery.
Since the beginning of 2026, the company's production and sales volumes of major products have maintained a growth trajectory, product prices have stabilized, and the overall gross margin has improved notably. These factors have driven a significant year-on-year improvement in operating performance for the reporting period and sustained profitable operations.
Note: The company's net profit for Q2 is estimated at Yuan 476 million to 640 million, compared with Q1 net profit of Yuan 260 million. Based on this, Q2 net profit is expected to increase by 82%-145% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
