Electrification & Mobility▲2
Xinde New Materials swings to strong profit in 2026 interim results
Xinde New Materials has released its 2026 interim report, swinging to a strong profit with high growth. During the reporting period, the company achieved operating revenue of 833 million yuan, up 63.27 percent year on year. Net profit attributable to the parent company was 70 million yuan, up 617.62 percent year on year. Net profit after deducting non-recurring items was 54 million yuan, a sharp year-on-year increase of 1,523.97 percent. The profit growth was mainly driven by the release of production capacity for anode coating materials, an improved product mix, and better supply-demand conditions as the new energy industry recovered and low-end capacity was cleared. In addition, newly acquired subsidiaries were consolidated, further expanding the company's business footprint.