Tinci Materials H1 Net Profit Soars Over 10-Fold, Driven by Electrolyte Business

Tinci Materials (SZSE: 002709) released its 2026 interim earnings forecast on the evening of July 9, projecting net profit attributable to shareholders of listed company for the first half of the year to be between RMB 2.7 billion and RMB 3.0 billion, representing a year-over-year increase of 907.84% to 1,019.82%. The company stated that the substantial earnings growth was primarily driven by its lithium-ion battery materials business, benefiting from two key factors: first, strong market demand for electrolytes and lithium hexafluorophosphate (LiPF6), with electrolyte shipments in the first half rising over 40% year-over-year; and second, an improved industry supply-demand balance leading to steady price increases, combined with high capacity utilization rates, which significantly boosted overall gross margins. As of the end of June 2026, the company’s production lines for electrolytes and LiPF6 were operating near full capacity. Based on downstream customers’ production schedules, electrolyte output is expected to continue growing sequentially in the third quarter, supported by robust orders from the new energy vehicle and energy storage sectors. To secure medium- to long-term supply capabilities, Tinci Materials is advancing expansion and upgrade projects at its major electrolyte production bases in Jiujiang and Fuding, aiming to enhance capacity reserves and support sustained business growth.