Beijing Easpring Material Tech

Easpring Technology has released its 2026 interim report. Total operating revenue was 10.475 billion yuan, up 136.33% year on year. Net profit attributable to the parent company was 520 million yuan, up 67.25% year on year. Net cash inflow from operating activities was 85.955 million yuan. The asset-liability ratio was 42.48%, gross margin was 13.25%, return on equity was 3.46%, and diluted earnings per share was 0.96 yuan. The company had 75,400 shareholders, and the top ten shareholders held 34.93% of the shares.

Easpring Technology announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 480 million yuan and 530 million yuan, representing a year-on-year increase of 54.26% to 70.33%. The profit growth is mainly due to the company seizing opportunities in the power, energy storage, and consumer markets, with product sales volume rising significantly year-on-year. Among these, high-nickel and other multi-element products are steadily ramping up in the high-end electric vehicle market, while lithium iron phosphate and lithium manganese iron phosphate products are rapidly scaling up in energy storage and AIDC projects, leading to continuously improving profitability. The company's net profit for the first quarter was 277 million yuan, implying an estimated second-quarter net profit of 203 million yuan to 253 million yuan, a quarter-on-quarter decline of 8% to 26%.