Chengxin Lithium Group (002240) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥3.28 billion, a 378.6% increase year-over-year, driven by strong lithium salt demand and higher prices.

• Net profit attributable to shareholders was ¥464 million, reversing a loss in the prior year.

• Earnings per share improved to ¥0.51 from -¥0.17 year-over-year.

Financial highlights

• Operating cash flow was -¥667 million, down 292.7% year-over-year, reflecting higher working capital needs.

• Total assets at quarter-end were ¥25.5 billion, up 13.5% from year-end 2025.

• Shareholders’ equity increased 4.7% to ¥10.73 billion compared to year-end.

• Gross margin and operating profit both saw significant improvement due to volume and price increases in lithium salt products.

Outlook and guidance

• Lithium salt market demand is expected to remain robust, supporting continued revenue and profit growth.

• Indonesian plant ramp-up contributed to higher sales volume and is expected to further support future growth.