Kaili New Materials released its 2026 interim report. The company's total operating revenue was 1.539 billion yuan, up 51.72% year-on-year, achieving growth for two consecutive years. Net profit attributable to the parent company was 53.4629 million yuan, down 12.64% year-on-year. Net cash flow from operating activities was negative 383 million yuan, a decrease of 292 million yuan year-on-year. The asset-liability ratio rose to 58.16%, gross margin fell to 8.36%, ROE was 5.01%, and diluted earnings per share was 0.41 yuan, down 12.77% year-on-year. Total asset turnover was 0.64 times, up 32.00% year-on-year, while inventory turnover was 2.58 times, down 3.02% year-on-year.
Kaili Catalyst & New Materials Co. Ltd. ANet profit fell 12.64% year-on-year despite revenue growth, with declining margins and negative operating cash flow.