CNGR Advanced Material (300919) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥33.58 billion, up 57.51% year-over-year, with net profit attributable to shareholders at ¥1.30 billion, up 77.80% year-over-year.

• Core business spans nickel, cobalt, phosphate, and sodium materials, with global leadership in nickel precursor and cobalt precursor markets.

• Overseas sales accounted for 39.71% of total revenue, with major expansion in Morocco, Indonesia, and Korea.

• The company maintained a high utilization rate across all major product lines, with total core product sales exceeding 250,000 tons.

Financial highlights

• Operating income: ¥33.58 billion, up 57.51% year-over-year.

• Net profit attributable to shareholders: ¥1.30 billion, up 77.80% year-over-year.

• Gross margin: 16.72% for battery materials, 12.88% for new energy metals.

• Operating cash flow: ¥1.60 billion, up 8.13% year-over-year.

• Total assets: ¥89.73 billion, up 9.95% from year-end 2025.

• R&D investment: ¥588.90 million, up 8.10% year-over-year.

Outlook and guidance

• The company expects continued growth in high-nickel and solid-state battery materials, with further expansion in global markets.

• Ongoing investment in overseas bases and resource projects to secure supply chain and cost advantages.

• Focus on technology leadership, cost control, and global customer partnerships to maintain industry leadership.