Zhejiang JIULI Hi-tech Metals (002318) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥3.88 billion, down 36.38% year-over-year due to weak downstream demand and delayed overseas orders.

• Net profit attributable to shareholders was ¥392.64 million, a 52.55% decrease year-over-year.

• Gross margin and profitability declined, with EPS at ¥0.41, down from ¥0.87 in H1 2025.

• The company maintained a focus on high-end product development, R&D, and digital transformation to offset industry headwinds.

Financial highlights

• Operating cash flow was ¥65.39 million, down 73.40% year-over-year.

• Total assets at period-end were ¥13.30 billion, a 4.46% decrease from year-end 2025.

• Net assets attributable to shareholders fell 6.79% to ¥8.03 billion.

• Non-recurring gains (mainly from investment disposals) contributed ¥235.35 million to net profit.

• R&D expenses were ¥190.24 million, representing 4.9% of revenue.

Outlook and guidance

• The company expects continued pressure from industry competition and cost volatility in H2 2026.

• Strategic focus remains on high-end product innovation, digital operations, and international market expansion.

• Management anticipates gradual improvement in operating results as H1 initiatives take effect.