Anhui Estone Materials Technology Co Ltd

Shenhuo Shares and Xinyaqiang disclosed their 2026 semi-annual reports on the evening of July 27, while Yishitong and CSPC Innovation released semi-annual earnings forecasts. All four companies showed overall improvement in first-half operating performance. Shenhuo Shares achieved operating revenue of 24.791 billion yuan, up 21.35 percent year-on-year, with net profit attributable to shareholders of 4.781 billion yuan, up 151.06 percent, mainly driven by higher selling prices for coal and electrolytic aluminum and lower alumina prices. Xinyaqiang posted operating revenue of 409 million yuan, up 27.3 percent, and net profit attributable to shareholders of 72.2408 million yuan, up 22.42 percent, as improved supply and demand in the organosilicon industry pushed core product sales to a record high. Yishitong expects operating revenue between 400 million and 420 million yuan, up 47.33 to 54.69 percent, and net profit attributable to shareholders between 9.5 million and 14 million yuan, turning from a loss to a profit year-on-year, benefiting from increased sales of lithium battery coating materials driven by the new energy vehicle and energy storage markets. CSPC Innovation expects net profit attributable to shareholders between 1.18 billion and 1.36 billion yuan, turning from a loss to a profit, as R&D achievements in its biopharmaceutical business continue to materialize.

Yishi Tong disclosed its earnings forecast, expecting to achieve operating revenue of 400 million to 420 million yuan in the first half of 2026, a year-on-year increase of 47.33% to 54.69%. Net profit attributable to the parent is expected to be 9.5 million to 14 million yuan, compared with a loss of 17.4816 million yuan in the same period last year, turning around from a loss to a profit. Deducted non-recurring net loss is expected to be 6.2 million to 9.2 million yuan, compared with a loss of 31.4762 million yuan in the same period last year. The company stated that the change in performance is mainly due to the growth in demand in the new energy vehicle and energy storage markets, which drove a significant increase in sales of products such as lithium battery coating materials, as well as the release of production capacity and economies of scale that reduced unit costs and improved gross margin year-on-year. Additionally, an increase in government subsidies also had a positive impact on net profit.