Malion New Materials Co Ltd

Meilian New Materials disclosed its 2026 semi-annual report on the evening of August 28. During the reporting period, the company achieved operating revenue of 906 million yuan, up 3.19 percent year on year, and net profit attributable to shareholders of the listed company of 10.14 million yuan, turning from loss to profit. Net cash flow from operating activities was 65.94 million yuan, up 2,860.95 percent year on year. The company's new energy business became an important growth engine. Its controlled grand-subsidiary Huihong Technology has built an annual production capacity of 1,000 tonnes of battery-grade Prussian blue and Prussian white cathode materials, and has planned an industrialization project at the 180,000-tonne level. Its controlled subsidiary Anhui Meixin achieved operating revenue of 64.86 million yuan in the first half, up 13.16 percent year on year, with gross margin up 26.89 percentage points year on year. In addition, the company's EX electronic materials, namely polyolefin resin materials, are important new materials for producing high-end copper-clad laminates and are expected to become a new performance growth engine. The company plans to invest a total of 10 billion yuan in the Dazhou new energy and polymer materials industrialization project, which will be built in three phases. Relying on sulfur resources from the Puguang gas field, the project will internalize the raw material chain. At full production, it will produce 900,000 tonnes of sulfuric acid and 600,000 tonnes of ferrous sulfate as by-products. Ferrous sulfate serves as the core iron source raw material for cathode materials, and its price has risen by more than 100 percent since 2026.

Meilian New Materials stated on an investor interaction platform that, as downstream demand increases, sales of EX electronic materials by its controlled subsidiary Huihong Technology are growing steadily.

Malion New Materials disclosed its earnings forecast, expecting net profit attributable to the parent company of 9 million to 12 million yuan in the first half of 2026, compared with a loss of 16.1925 million yuan in the same period last year, achieving a turnaround from loss to profit. Net profit after deducting non-recurring items is expected to be 6 million to 8 million yuan, compared with a loss of 8.1657 million yuan a year earlier. The company said that during the reporting period, both operating revenue and overall gross margin improved, and operating performance improved year-on-year. The impact of non-recurring gains and losses on net profit is estimated to be about 3 million to 4 million yuan.