CNGR Advanced Material Co.,Ltd. (300919.SZ) has issued its preliminary financial results for the first half of 2026.

The company forecasts net profit attributable to shareholders to reach between 1.25 billion yuan and 1.35 billion yuan, representing a substantial year-on-year increase of 70.58% to 84.23%.

Key Drivers of Performance

During the reporting period, the company capitalized on robust global demand within the new energy sector, leveraging its leading position in battery materials.

Total sales volume for core products, including nickel, cobalt, phosphorus, and sodium-based materials, surpassed 250,000 metric tons.

Breakdown by Business Segment

Sales of ternary precursor materials grew by over 50% year-on-year in the first half, with stable overall gross margins, further solidifying the company's industry leadership.

Sales of phosphorus-based materials increased by more than 25% year-on-year, leading to a significant improvement in profitability and a successful turnaround from loss to profit.

Sodium-ion battery precursor materials maintained a high growth trajectory, continuing to hold a leading market position.

Strategic Advantages and Outlook

Furthermore, the company's strategic investments in upstream resources yielded strong results, with returns from laterite nickel ore investments steadily increasing.

The pyrometallurgical nickel smelting project in Indonesia maintained excellent profitability, effectively mitigating impacts from local policy changes through its cost advantages.

Overall, the company's integrated "resource + smelting + material" full-industry-chain advantage continues to deepen.

All business segments are performing synergistically, collectively building a strong safety margin and resilience against market cycles for the company's operations.