Yongxing Special Materials Technology (002756) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥2.43 billion, up 35.82% year-over-year, driven by higher lithium carbonate prices.

• Net profit attributable to shareholders was ¥489 million, a 155.48% increase year-over-year.

• The lithium mica green intelligent high-efficiency lithium extraction project achieved full production during the period.

Financial highlights

• Operating cash flow turned positive at ¥296 million, compared to a negative ¥369 million in Q1 2025.

• Basic and diluted EPS were both ¥0.92, up from ¥0.36 year-over-year.

• Total assets at quarter-end were ¥15.11 billion, up 3.43% from year-end 2025.

• Shareholders’ equity increased 4.07% to ¥13.19 billion.

• Non-recurring profit items contributed ¥8.4 million, mainly from government subsidies and fair value changes.

Outlook and guidance

• Revenue and profit growth are expected to continue, supported by expanded lithium extraction capacity and favorable market prices.