YOUNGY (002192) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 343.61% YoY to ¥914.6m; net income attributable to shareholders increased 706.71% to ¥471.5m, reflecting stronger lithium concentrate sales and associate earnings.

• YTD revenue reached ¥2.44bn and attributable net income ¥1.47bn, up 378.58% and 925.78% YoY, respectively.

Financial highlights

• Q3 adjusted attributable net income was ¥464.4m, up 777.07% YoY; YTD adjusted attributable net income was ¥1.47bn, up 1,063.11%.

• YTD operating profit was ¥1.82bn versus ¥171.7m; net income was ¥1.48bn versus ¥138.8m.

• YTD operating cash flow was ¥847.3m, up 274.34% YoY.

• YTD investment income rose 389.54% to ¥246.4m, mainly from lithium-salt associate earnings and previously unrealized internal transaction profit.

Outlook and guidance

• The 35%-capacity expansion? No. A 350,000-ton/year ore-processing expansion at the mine site had not started construction by quarter-end; ore continued to be processed externally under the local agreement.

• The 50,000-ton/year LFP cathode materials project is progressing through commissioning and phased ramp-up; line 1 entered trial production and line 2 began commissioning with material.