CNGR Advanced Material (02579) announced a profit surge in the first quarter, with an expected net profit attributable to shareholders of approximately 530-590 million yuan, an increase of 72.32%-91.82% year-on-year.

CNGR Advanced Material (02579) announced that for the period from January 1, 2026 to March 31, 2026, the expected net profit attributable to shareholders of the listed company is approximately RMB 530-590 million, representing an increase of 72.32%-91.82% compared to the same period last year. During the reporting period, benefiting from the rapid development of the global new energy market and the leading position of the company in the field of battery materials, the company's nickel-based, cobalt-based, phosphorus-based, sodium-based and other battery materials products achieved a total sales volume of nearly 130,000 tons. The overall performance of the battery materials business showed a good trend of both production and sales, providing strong support for the company's steady growth in operating profit. At the same time, the company's integrated competitive advantage of "resources + materials" in the field of nickel products continues to be evident, coupled with the upward trend in nickel ore and nickel product prices. The profitability level of the company's nickel ore mining and nickel smelting segments has steadily improved, further driving the continuous growth of the company's overall profits.