Fangyuan Co., Ltd. (688148.SH) announced first-half results, turning a loss into a profit of 45.112 million yuan

According to Zhitong Finance App, Fangyuan Co., Ltd. (688148.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 1,466 billion yuan, an increase of 62.87% over the previous year. Achieved net profit of 45.112 million yuan attributable to shareholders of listed companies. Achieve net profit of 487.8861 million yuan, which is attributable to shareholders of listed companies after deducting non-recurring profit and loss. Basic earnings per share were $0.09.

Thanks to the continuous recovery of the domestic power battery market, the recovery in demand in traditional application fields and the acceleration of emerging scenarios, the company's precursor product sales increased by nearly 30% year on year; the overall price of lithium carbonate market fluctuated upward during the reporting period, industry sentiment continued to rise, and the company's strong production and sales of lithium carbonate products also provided strong support for the company's overall revenue growth; and the confirmation of revenue from technology export cooperation projects led to a sharp year-on-year increase in revenue in the current period. The company continues to deepen the recyclable production model, reduce production costs, and the overall gross margin increased significantly. Net profit returned to mother in the first half of 2026 turned a loss into a profit year on year.