TSAKER NE(01986) announces a half-year profit of no less than 90 million yuan for shareholders, with a year-on-year growth rate of no less than 867.7%.

TSAKER NE (01986) has announced that the board of directors expects the group's net profit for the six months ending June 30, 2026, to be no less than 118 million RMB, a significant increase of not less than 880 million RMB compared to the six months ending June 30, 2025, representing a growth rate of not less than 293.3%. It is also expected that the group will record a net profit attributable to the parent company's owners of no less than 90 million RMB for the six months ending June 30, 2026, a significant increase of not less than 807 million RMB compared to the same period in 2025, representing a growth rate of not less than 867.7%. The above growth is mainly attributed to the significant increase in sales volume and average selling price of the group's main product, iron phosphate, in the battery material sector for the six months ending June 30, 2026, due to continued growth in downstream market demand compared to the same period in 2025. This has led to an increase in the group's revenue and gross profit in the battery material sector, positively impacting the group's profitability. Additionally, the sales volume and average selling price of the group's intermediate agricultural chemical products have increased for the six months ending June 30, 2026, compared to the same period in 2025, leading to an increase in revenue and gross profit in the dye and intermediate agricultural chemical sectors, also making a positive contribution to the group's profitability.