Yongxing Special Materials Technology (002756) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥5.08 billion, up 37.62% year-over-year, driven by strong growth in lithium battery materials and stable performance in special steel.

• Net profit attributable to shareholders was ¥958.88 million, a 139.24% increase year-over-year, with adjusted net profit (excluding non-recurring items) up 179.77%.

• The company maintained a dual-core strategy in special steel and lithium battery materials, leveraging integrated supply chains and technological innovation.

Financial highlights

• Operating cash flow was ¥1.08 billion, up 350.34% year-over-year.

• Basic and diluted EPS were both ¥1.81, up 138.16% year-over-year.

• Gross margin for lithium battery materials reached 53.56%, with segment revenue up 148.20% year-over-year.

• Total assets at period-end were ¥15.72 billion, up 7.62% from year-end 2025.

• Net assets attributable to shareholders were ¥14.61 billion, up 6.17% from year-end 2025.

Outlook and guidance

• The company expects continued demand growth in both high-end special steel and lithium battery materials, supported by national industrial policies and downstream market expansion.

• Ongoing investment in R&D and capacity expansion, especially in lithium carbonate and battery production, is planned to sustain growth.