Beijing Easpring Material TechCompany expects 54-70% net profit growth driven by rising product sales in power, energy storage, and consumer markets.

Easpring Technology announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 480 million yuan and 530 million yuan, representing a year-on-year increase of 54.26% to 70.33%. The profit growth is mainly due to the company seizing opportunities in the power, energy storage, and consumer markets, with product sales volume rising significantly year-on-year. Among these, high-nickel and other multi-element products are steadily ramping up in the high-end electric vehicle market, while lithium iron phosphate and lithium manganese iron phosphate products are rapidly scaling up in energy storage and AIDC projects, leading to continuously improving profitability. The company's net profit for the first quarter was 277 million yuan, implying an estimated second-quarter net profit of 203 million yuan to 253 million yuan, a quarter-on-quarter decline of 8% to 26%.
Beijing Easpring Material TechCompany expects 54-70% net profit growth driven by rising product sales in power, energy storage, and consumer markets.