Xiamen XTC New Energy Materials Co., Ltd. released its preliminary financial results for the first half of 2026. The unaudited data showed total operating revenue of approximately CNY14.49 billion for January to June, an increase of 91.09% year-on-year. Net profit attributable to shareholders of the parent company reached about CNY491 million, up 46.62%.
The growth was driven by higher product sales volumes and selling prices. Operating profit came in at around CNY575 million, up 55.93%, while net profit after deducting non-recurring gains and losses rose 67.83% to roughly CNY488 million. Basic earnings per share stood at CNY0.98, an increase of 48.48%, and the weighted average return on equity was 5.21%, up 1.48 percentage points.
In consumer battery materials, the company’s cobalt lithium oxide sales bucked the industry trend. Although domestic shipments of cobalt lithium oxide declined 15% in the first half, XTC logged sales of 29,200 tonnes, up 1.46%, aided by technological advantages in high-voltage products. For power battery materials, sales of cathode materials—including ternary materials, lithium iron phosphate, and others—totaled 37,300 tonnes, a year-on-year rise of 17.08%.
Total assets at the end of the reporting period stood at approximately CNY26.08 billion, an increase of 18.77% from the beginning of the year. Equity attributable to owners of the parent grew 3.47% to around CNY9.51 billion. The share capital remained unchanged, with net assets per share at CNY18.84.
The company cautioned that these figures are preliminary and unaudited, and the comparative 2025 data were retrospectively adjusted for business combination. Investors should rely on the final semi-annual report for detailed data.