On October 13, SEMCORP announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be Yuan 1.540 billion–2.050 billion, swinging to profit from a year-earlier loss.
The lithium-ion battery separator industry continued its upward momentum, and the supply-demand landscape continued to improve. Downstream demand from power batteries and energy storage remained robust. Industry capacity utilization rose steadily. Thus, separator product prices stabilized and rebounded from last year's low. And the industry's overall profitability achieved a systemic recovery, gradually entering a virtuous development track. The company's capacity utilization remained at a high level, effectively increasing separator product shipment volumes and achieving significant growth in product sales. At the same time, the company vigorously improved its product mix, with the share of high-gross-margin products increasing, effectively helping to significantly raise the overall gross margin of separator products.
Note: The company's Q3 net profit is expected to be Yuan 720 million-1.230 billion, while Q2 net profit was Yuan 560 million. Based on this, Q3 net profit is expected to increase 28%-119% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
