Qinghai Salt Lake Industry (000792) Q1 2026 earnings summary

Executive summary

• Achieved significant year-over-year growth in both revenue and net profit, driven by higher sales volumes and prices for potassium chloride and lithium carbonate.

• Potassium chloride segment saw notable profit increase; lithium carbonate production and sales also rose, supported by new capacity and favorable market prices.

• Consolidated financials now include Wukuang Salt Lake, with prior period figures restated for comparability.

Financial highlights

• Operating revenue reached ¥6.43 billion, up 94.89% year-over-year.

• Net profit attributable to shareholders was ¥3.03 billion, up 154.78% year-over-year.

• Adjusted net profit (excluding non-recurring items) was ¥2.88 billion, up 142.90% year-over-year.

• Basic and diluted EPS were both ¥0.5720, up from ¥0.2245 in the prior year.

• Operating cash flow was ¥3.09 billion.

Outlook and guidance

• Market prices for potassium chloride and lithium carbonate are on an upward trend, supporting continued strong performance.

• New lithium salt project (40,000 tons/year) has reached mass production, expected to further boost output and sales.