Yunnan Energy New Material (002812) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥5.56bn, up 46.95% YoY; 9M revenue reached ¥14.23bn, up 49.07% YoY, as sales volume increased and pricing stabilized.

• 9M net income attributable to shareholders was ¥1.79bn, versus a loss of ¥86.3m a year earlier; adjusted net income was ¥1.83bn.

Financial highlights

• 9M operating cash flow rose 132.72% YoY to ¥2.04bn, supported by increased cash receipts from sales and services.

• 9M operating profit was ¥2.56bn; total net income was ¥2.03bn, including ¥233.5m attributable to minority shareholders.

• 9M revenue was ¥14.23bn versus ¥9.54bn a year earlier; reported net income attributable to shareholders was ¥1.79bn versus a prior-year loss of ¥86.3m.

Outlook and guidance

• Plans call for a 5bn-square-meter annual lithium-battery separator project in Rong County, Zigong, with expected total investment of ¥4bn; project registration and filing were completed.

• Investment plans were adjusted in response to external market conditions, industry competition and strategic priorities; the Malaysia separator project was terminated to optimize resource allocation and reduce investment risk.