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Jiangxi Special Electric Motor (002176) investor relations material
Jiangxi Special Electric Motor Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 was ¥956.90 million, down 1.87% year-over-year, mainly due to lower lithium salt sales volume.
Net loss attributable to shareholders was ¥213.01 million, a decline of 86.55% year-over-year, primarily from higher costs in lithium salt business due to reliance on external raw materials.
Cash flow from operating activities improved to ¥92.99 million, up 131.39% year-over-year.
Financial highlights
Gross margin for lithium mining and salt manufacturing was 3.71%, down 12.56 percentage points year-over-year.
Industrial motor gross margin was 17.37%, up 3.32 percentage points year-over-year.
R&D investment increased 16.42% to ¥48.65 million.
Total assets at period end were ¥5.79 billion, down 2.81% from year-end 2025.
Net assets attributable to shareholders were ¥2.92 billion, down 1.22% from year-end 2025.
Outlook and guidance
Lithium business profitability is expected to improve as self-owned mines come online, reducing reliance on external raw materials.
Continued focus on high-end, customized motors and expansion in strategic sectors like wind power, robotics, and defense.
Anticipates further growth in lithium demand driven by EV and energy storage sectors.
- 2025 revenue declined 7% and net loss widened, with lithium segment under pressure and cost controls prioritized.002176
Q4 2025 - Q1 2026 net loss deepened to ¥179.62 million amid lithium market volatility and hedging losses.002176
Q1 2026 - Lithium price collapse drove a 60% revenue drop and widened net loss, despite stable motor sales.002176
Q2 2024 - Revenue halved year-over-year as lithium salt prices fell, deepening operational challenges.002176
Q3 2024 - 2024 revenue dropped 24.86% and net loss narrowed to ¥319 million; lithium sales volume surged 71.89%.002176
Q4 2024 - Revenue up 67.74% but net loss widened as lithium salt prices and margins fell.002176
Q1 2025 - Revenue up 35.85% but net loss deepens on lithium price drop and margin pressure.002176
Q2 2025 - Revenue up 14.62% but net loss widened; Q3 returned to profit on non-recurring gains.002176
Q3 2025
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Next Jiangxi Special Electric Motor earnings date
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