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Yunnan Energy New Material (002812) investor relations material
Yunnan Energy New Material H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached ¥8.67 billion, up 50.47% year-over-year, with net profit attributable to shareholders at ¥820 million, marking a return to profitability from a loss in the prior year.
Core business, lithium battery separator, contributed 87.88% of total revenue, with segment revenue up 58.09% year-over-year and gross margin improving by 17.99 percentage points.
The company maintained global leadership in lithium battery separator capacity and market share, with robust growth in both domestic and international markets.
Significant R&D investment led to new high-safety, high-performance separator products and a 30%+ reduction in product carbon footprint compared to 2023.
Financial highlights
Operating income: ¥8.67 billion, up 50.47% year-over-year.
Net profit attributable to shareholders: ¥820 million, compared to a loss of ¥93 million in H1 2025.
Basic and diluted EPS: ¥0.8352, up from -¥0.1 year-over-year.
Operating cash flow: ¥1.16 billion, up 452.38% year-over-year.
Gross margin for lithium battery separators increased by 17.99 percentage points year-over-year.
Outlook and guidance
The company expects continued demand growth for lithium battery separators, driven by global EV and energy storage markets.
Ongoing expansion of production capacity and product upgrades are planned to maintain market leadership.
Focus remains on high-value-added products, global market penetration, and green manufacturing initiatives.
- Returned to profitability with 34% revenue growth and record lithium battery separator sales.002812
H2 2025 - Revenue up 43% and net profit up 902% year-over-year in Q1 2026, with major management changes.002812
Q1 2026 - Revenue up 27.85% but net profit turned negative; major restructuring and project changes.002812
Q3 2025 - Revenue up 20.5% but net loss of ¥93M as margin pressure offsets global sales growth.002812
H1 2025 - Q3 net profit plunged nearly 80% year-over-year amid overseas expansion and regulatory warnings.002812
Q3 2024 - Net profit fell 79% year-over-year as price competition and costs pressured margins.002812
H1 2024 - Revenue dropped 15.6% with a net loss, but global expansion and R&D investment continued.002812
H2 2024 - Revenue up, profit down sharply; major supply deals secure future growth.002812
Q1 2025
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