YOUNGY (002192) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥1.52 billion, up 402.35% year-over-year, and net profit attributable to shareholders of ¥1.00 billion, up 1,076.14% year-over-year, driven by higher lithium product prices and sales volumes.

• Lithium concentrate output reached 146,100 tons, up 108.80% year-over-year; Q2 output was 86,700 tons, up 45.99% sequentially.

• Major business segments: lithium mining, lithium salt processing, and lithium battery equipment manufacturing; lithium mining and salt processing were the main profit drivers.

• Q2 revenue and net profit increased 205.17% and 160.32% sequentially, respectively.

Financial highlights

• Operating cash flow was ¥442 million, up 145.71% year-over-year.

• Gross margin for lithium concentrate reached 79.89%, up 30.31 percentage points year-over-year.

• Total assets at period end were ¥6.15 billion, up 24.55% from the start of the year; net assets attributable to shareholders were ¥4.55 billion, up 28.79%.

• Investment income rose 840.57% year-over-year, mainly from equity-method investees.

• Basic and diluted EPS were ¥3.8574, up 1,076.04% year-over-year.

Outlook and guidance

• Lithium product prices surged in early 2026, peaking in May before a rapid correction; management expects continued volatility.

• Expansion projects, including a 350,000-ton/year beneficiation plant, have not yet commenced; project timelines remain uncertain.

• The company will continue to focus on cost control, technology upgrades, and market expansion to mitigate risks from price fluctuations and customer concentration.