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Sunstone Development Co Ltd

Sunstone Development Co., Ltd. researches, develops, produces, and sells prebaked anodes, lithium battery anode materials, and film capacitors in China and internationally. Its anode products serve aluminum production and electrolysis, while its battery anode materials are used in lithium-ion batteries. The company also offers film capacitors for household appliances, lightning, and new energy applications, along with low carbon services such as low carbon slag anode services, full life cycle slotted anode, energy saving anode group technology, carbon asset management consulting, and value-added disposal of electrolytes. It is also involved in trading prebaked anode and petroleum coke. Founded in 2003, the company is headquartered in Linyi, China.

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Sunstone Development's 2026 interim net profit was 406 million yuan, down 22.37% year-on-year

Sunstone Development released its 2026 interim report, with net profit attributable to the parent company of 406 million yuan, a decrease of 117 million yuan from the same period last year, down 22.37% year-on-year. The company's total operating revenue was 10.414 billion yuan, and net cash outflow from operating activities was 1.502 billion yuan, an increase of 1.145 billion yuan compared with the same period last year. The asset-liability ratio was 63.34%, up 1.26 percentage points year-on-year; gross margin was 12.21%, down 4.26 percentage points year-on-year; ROE was 6.71%, down 2.66 percentage points year-on-year. Diluted earnings per share was 0.82 yuan, down 21.90% year-on-year.
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Sunstone Development plans to invest up to 550 million yuan in a centralized steam supply and energy-saving carbon materials project

Sunstone Development announced that the company plans to invest in the construction of a centralized steam supply and energy-saving carbon materials project in the Dongxing Industrial Park, Nandagang Management Area, Huanghua City, Hebei Province, with a preliminary estimated total investment of no more than 550 million yuan.
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Sunstone Development's Guizhou Carbon Materials Subsidiary Increases Registered Capital to 400 Million Yuan

Guizhou Sunstone Shuangyuan Carbon Materials Co., Ltd. has increased its registered capital from 2 million yuan to 400 million yuan, a surge of 19,900 percent. The company recently underwent a business registration change, with Tang Hao stepping down as legal representative and Ren Chungao taking over, while Guizhou Aluminum Group Co., Ltd. was added as a shareholder. The company was established in July 2025, with a business scope covering the manufacturing and sales of graphite and carbon products, heat production and supply, and import and export of goods. It is jointly held by Sunstone Development and the aforementioned new shareholder.
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