Announcement • Jul 13
CNGR Advanced Material Co., Ltd. Provides Earnings Guidance for the Period from January 1, 2026, to June 30, 2026
CNGR Advanced Material Co., Ltd. provided earnings guidance for the period from January 1, 2026, to June 30, 2026. For the period, the company expects Net profit attributable to the shareholders of the listed company to be RMB 1,250,000,000 – 1,350,000,000 as compared to RMB 732,774,600 same period last year. The profit for the reporting period increased by 70.58% - 84.23% as compared with the corresponding period last year. During the reporting period, the Company seized the opportunities presented by the booming global new energy industry and, leveraging its leading position in battery materials, achieved total sales of core products such as nickel-based, cobalt-based, phosphorus-based, and sodium-based materials exceeding 250,000 tons. By segment, ternary precursor sales increased by over 50% year-on-year in the first half of the year, with a stable gross profit margin, further solidifying its leading position in the industry; phosphorus-based material sales increased by over 25% year-on-year, significantly releasing profit elasticity and successfully achieving a turnaround; sodium battery precursor materials sales maintained a high growth trend, continuing to maintain its industry-leading position. Furthermore, the Company's upstream resource layout yielded remarkable results, with investment returns from laterite nickel mines steadily increasing; the Indonesian pyrometallurgical nickel smelting project, leveraging its cost advantages, effectively offset local policy changes and maintained excellent profitability. Overall, the company's integrated "resources + smelting + materials" full-industry chain advantage continued to deepen, with each business segment working synergistically to jointly build the company's operational safety margin and counter-cyclical resilience.