On July 9, Fengyuan announced that it expects a net profit attributable to shareholders of the listed company of Yuan 140 million to Yuan 200 million for the first half of 2026, swinging to profit year-on-year. The performance change is primarily attributable to the sustained upward momentum of the global new energy industry, with growing downstream demand for lithium-battery cathode materials. The company's production and sales volumes, along with capacity utilization rates, increased substantially, while scale effects optimized costs, supplemented by government subsidy income.
Note: The company's net profit for Q2 is estimated at Yuan 63 million to Yuan 123 million, compared with Q1 net profit of Yuan 77 million. Based on this, the net profit for Q2 is expected to decrease by 18% to 59% month-on-month rising.
Edited by Cassie Li, lixiangying@mysteel.com
