On August 10, Anda Technology released that the lithium iron phosphate (LFP) cathode material industry has undergone three years of volatility and adjustment, during which outdated production capacity has been gradually phased out. Since the beginning of 2026, the industry has progressively recovered. However, market competition remains intense. Coupled with significant fluctuations in lithium carbonate prices, this has posed severe challenges to the company's production and operations. In response to the complex market environment, the company has continuously driven technological innovation, optimized production processes, and accelerated product iteration to expand and deepen customer collaborations. Concurrently, it has implemented multiple measures in parallel to effectively improve operating performance.
In H1 2026, the company's LFP material sales volume reached 65,500 tonnes, up 31.20% YoY. Iron phosphate sales volume reached 15,400 tonnes, up 33.31% year-on-year. During the reporting period, the company achieved operating revenue of Yuan 3.365 billion, representing a year-on-year increase of 119.01%. Net profit reached Yuan 134 million, up 179.56% YoY, with a gross margin of 12.04% and basic earnings per share of Yuan 0.22. Driven by sustained high growth in the EV and energy storage sectors, the company currently maintains a robust order backlog, with its production lines essentially operating at full capacity.
Edited by Cassie Li, lixiangying@mysteel.com
