On July 13, CNGR Advanced Material Co., Ltd. announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be in the range of Yuan 1.25 billion to 1.35 billion, representing a year-on-year increase of 70.58% to 84.23%. The change in performance is primarily attributable to the company's proactive efforts to seize opportunities in the new energy industry, with sales of its core products, including nickel-based, cobalt-based, phosphorus-based, and sodium-based materials, exceeding 250,000 tonnes. Ternary precursor sales volumes grew by over 50% YoY, the phosphorus-based materials business turned from loss to profit, and the upstream resource layout delivered significant results.
Note: The company's Q2 net profit is estimated at Yuan 695 million to 795 million, compared with Q1 net profit of Yuan 555 million. Based on this, Q2 net profit is expected to grow by 25% to 43% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
