Xiangtan Electrochemical Scientific released its 2026 interim report, with net profit attributable to the parent company of 225 million yuan, up 78.63 percent year on year, mainly driven by a sharp increase in investment income from its associate Hunan Yuneng. The company achieved operating revenue of 942 million yuan, up 5.07 percent year on year; net profit after deducting non-recurring items was 222 million yuan, up 100.63 percent year on year. Net cash flow from operating activities was 67.6546 million yuan, down 34.11 percent year on year. Investment income reached 165 million yuan, accounting for more than 70 percent of total profit, and Hunan Yuneng's net profit in the first half of the year surged 853.51 percent year on year. Revenue from the electrolytic manganese dioxide business was 615 million yuan, up 9.02 percent year on year, but gross margin fell 8.62 percentage points year on year to 30.21 percent; revenue from the lithium manganese oxide business was 261 million yuan, up 3.09 percent year on year, and its second-quarter net loss narrowed by 13.8256 million yuan compared with the first quarter.
Xiangtan Electrochemical Scientific Co LtdNet profit up 78.63% driven by investment income from associate, though operating cash flow fell.
Hunan Yuneng New Energy Battery Material Co. Ltd. AHunan Yuneng's net profit surged 853.51% in H1, boosting Xiangtan's investment income.
