On August 20, Tinci Materials announced its semi-annual results for the first half of 2026. In detail, operating revenue reached Yuan 14.71 billion, representing a year-on-year increase of 109.28%. And net profit attributable to shareholders of the listed company amounted to Yuan 2.861 billion, surging 967.91% YoY. The company plans to distribute no cash dividends, issue no bonus shares, and make no capitalisation of reserves.
During the first half of 2026, with continued explosive demand for energy-storage batteries, the company maintained its focus on continuous iteration of new products as well as expansion into new markets and new customers, which drove strong growth in sales volume of lithium-battery electrolyte. Sales volume exceeded 440,000 tonnes in H1, up approximately 41% YoY, among which sales of electrolyte for energy-storage batteries grew by more than 100% year-on-year.
With overseas OEM plants coming on stream and ramping up production, the company's sales of electrolyte to foreign customers recorded robust growth. Overseas electrolyte sales surged by over 126% year-on-year, and the company has achieved full coverage of core customers.
Note: The company's net profit in Q2 was Yuan 1.207 billion, compared with Yuan 1.654 billion in Q1. Accordingly, Q2 net profit declined by 27.03% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
