Guangzhou Lushan New Materials Co. Ltd.

Lushan New Materials released its 2026 interim report, with net profit attributable to the parent company of 44.55 million yuan, up 179.55% from the same period last year. Total operating revenue was 739 million yuan, down 0.22% year on year. Net cash inflow from operating activities was 17.0903 million yuan, down 58.59% year on year. The latest asset-liability ratio was 28.80%, gross margin was 18.65%, and diluted earnings per share was 0.28 yuan.

Lushan New Materials has disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 40 million and 60 million yuan, a year-on-year increase of 151% to 276.5%. Deducted non-recurring net profit is expected to be between 28 million and 42 million yuan, a year-on-year increase of 1,451.96% to 2,227.94%. The company stated that the profit growth is mainly due to higher selling prices for its two main products, functional polyolefin hot-melt adhesive pellets and solar cell encapsulation films, leading to a significant improvement in product gross margins. The overall gross profit scale increased year-on-year, effectively boosting overall profitability.