Sunresin New Materials Co (300487) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥1.378 billion, up 10.47% year-over-year; net profit attributable to shareholders was ¥420.52 million, down 5.40% year-over-year, mainly due to ¥81.05 million in forex losses.

• Excluding forex losses, net profit would have increased by approximately 17.99% year-over-year.

• Gross margin improved to 53.28%, up 2.02 percentage points, driven by higher-margin segments like life sciences and metal resources.

• Cash flow from operations rose 53.58% to ¥442.99 million.

Financial highlights

• Operating income: ¥1.378 billion (+10.47% YoY); net profit: ¥420.52 million (-5.40% YoY).

• Gross margin: 53.28% (+2.02 ppt YoY); net assets: ¥4.73 billion (+7.66% from year-end 2025).

• Basic/diluted EPS: ¥0.83 (-5.68% YoY); ROE: 9.09% (-1.63 ppt YoY).

• Total assets: ¥6.91 billion (+4.81% from year-end 2025); asset-liability ratio: 31.65%.

• Non-recurring gains: ¥6.89 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Continued focus on high-margin segments (life sciences, metal resources, ultrapure water).

• Ongoing expansion in international markets and R&D investment in new materials and technologies.

• Construction of a new life sciences high-end materials park is underway to boost future capacity.