CNGR Advanced Material (02579) expects a year-on-year increase in net profit attributable to shareholders of 70.58%-84.23% in the first half of the year.

CNGR Advanced Material (02579) announced that it is expected to achieve a net profit attributable to the shareholders of the listed company of 1.25-1.35 billion yuan in the first half of 2026, an increase of 70.58%-84.23% compared to the same period last year. During the reporting period, the company seized the opportunity of the high prosperity of the global new energy industry and, relying on its leading position in the battery materials field, the total sales volume of core products such as nickel-based, cobalt-based, phosphorus-based, and sodium-based materials exceeded 250,000 tons. By segment, the sales volume of ternary precursors in the first half of the year increased by more than 50% year-on-year, maintaining a stable comprehensive gross margin, further solidifying its leading position in the industry. The sales volume of phosphorus-based materials increased by more than 25% year-on-year, with significant profit flexibility and successfully turning losses into profits. The sales volume of sodium-ion precursor materials maintained a high growth trend, continuing to maintain a leading position in the industry. In addition, the company's upstream resource layout has achieved remarkable results, with steady increase in investment income from laterite nickel mines; the Indonesian pyrometallurgical nickel smelting project boasts cost advantages and effectively hedges against local policy changes, maintaining excellent profitability levels. Overall, the company's integrated advantage of "resources + smelting + materials" in the entire industry chain continues to deepen, with various business segments working together to build the company's operational safety margin and anti-cyclical resilience.