Inner Mongolia Yuan Xing Energy Company (000683) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥6.03 billion, up 1.94% year-over-year; net profit attributable to shareholders was ¥834 million, up 12.27% year-over-year.

• Main products are soda ash, baking soda, and urea, with soda ash and baking soda production capacity ranking first in China.

• Despite industry headwinds and price declines, production and sales volumes hit historical highs, and export volumes increased.

• The company completed major capacity expansions and advanced green, low-carbon initiatives.

Financial highlights

• Operating income: ¥6.03 billion (+1.94% YoY); net profit: ¥834 million (+12.27% YoY); basic/diluted EPS: ¥0.22 (+10% YoY).

• Gross margin for soda ash: 32.41%; for baking soda: 38.01%; for urea: 14.01%.

• Operating cash flow: ¥791 million (down 37.44% YoY); total assets: ¥40.03 billion (+6.41% from year-end 2025).

• Net assets attributable to shareholders: ¥12.34 billion (-1.79% from year-end 2025).

• R&D investment: ¥35.72 million (+17.48% YoY).

Outlook and guidance

• H2 2026: Soda ash supply/demand growth to slow, with weak demand in glass sectors but stable export growth.

• Urea market to see continued supply growth and seasonal demand shifts; real estate recovery may boost downstream demand.