Shijiazhuang Shangtai Technology Co. Ltd. A

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Shangtai Technology's 2026 interim net profit was 400 million yuan, down 16.6% year-on-year

Shangtai Technology released its 2026 interim report, with net profit attributable to the parent company of 400 million yuan, a decrease of 16.60% compared with the same period last year. The company's total operating revenue was 4.51 billion yuan, up 33.11% year-on-year, achieving growth for three consecutive years. Net cash flow from operating activities was negative 1.723 billion yuan, a decrease of 1.284 billion yuan compared with the same period last year. The company's latest asset-liability ratio was 57.90%, an increase of 20.62 percentage points from the same period last year; the latest gross margin was 18.30%, a decrease of 7.38 percentage points from the same period last year.

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Shangtai Technology Adjusts Bad Debt Provision Ratios, Expected to Boost First-Half Net Profit by 85.2936 Million Yuan

Shangtai Technology announced that starting July 1, 2026, it will change its accounting estimates and adjust the provision ratios for bad debts on accounts receivable and other items. The provision ratio for receivables aged within one year will be reduced from 5 percent to 1 percent for those aged 0 to 90 days and 5 percent for those aged 91 to 365 days, while ratios for other aging brackets remain unchanged. This is expected to increase net profit and net assets for the first half of 2026 by approximately 85.2936 million yuan. The change adopts the prospective application method, does not affect prior financial data, and is intended to more fairly reflect the company's financial position.

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Shangtai Technology's first-half 2026 net profit was 400 million yuan, down 16.60% year on year

Shangtai Technology disclosed its 2026 semi-annual report. In the first half, it achieved total operating revenue of 4.51 billion yuan, up 33.11% year on year. Net profit attributable to the parent company was 400 million yuan, down 16.60% year on year. Net profit after deducting non-recurring items was 416 million yuan, down 15.22% year on year. Net cash flow from operating activities was negative 1.723 billion yuan, compared with negative 438 million yuan in the same period last year. Basic earnings per share were 1.1 yuan, and the weighted average return on equity was 5.59%, down 1.87 percentage points year on year. The company's main business is the research, development, production and sales of lithium-ion battery anode materials and carbon products.

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Yongdong Shares Runs Needle Coke at Full Capacity, Fine Chemical Projects Accelerate

Yongdong Shares said during an institutional survey on the evening of July 2 that its needle coke production unit is maintaining stable operation at full capacity, with strong downstream demand. The company restarted all needle coke pretreatment and delayed coking lines in January 2026 and has now deeply tied up with leading domestic lithium battery anode material companies such as Shanshan, Shangtai Technology, Xiangfenghua, and Zhongke Xingcheng. Meanwhile, construction of the 200,000 tonnes per year anthracene oil deep processing project is accelerating, with main facilities expected to be completed by the end of 2026. After commissioning, it will produce 190,000 tonnes of decrystallized anthracene oil, 5,000 tonnes of anthraquinone, and 2,000 tonnes of carbazole. The company is also advancing a 50,000-tonne wash oil deep processing project and building core technology barriers in high-end conductive carbon black based on multiple invention patents.

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