Jinyuan EP (000546) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥6.86 billion, up 63.87% year-over-year, driven by growth in both environmental and new energy materials segments.

• Net loss attributable to shareholders widened to ¥235.5 million, a 374.83% increase in losses compared to H1 2025.

• Cash flow from operations was negative at ¥171.2 million, reflecting increased costs and reduced government subsidies.

• The company continued to focus on optimizing its environmental business and advancing new energy material projects, especially lithium extraction from salt lakes.

Financial highlights

• Operating income: ¥6.86 billion, up 63.87% year-over-year.

• Net loss attributable to shareholders: ¥235.5 million, compared to a ¥49.6 million loss in H1 2025.

• Basic and diluted EPS: -¥0.3028, down from -¥0.0638 year-over-year.

• Gross margin for environmental business: -1.93%, a decrease of 1.93 percentage points year-over-year.

• Cash and cash equivalents at period end: ¥152.1 million.

Outlook and guidance

• The company aims to accelerate the ramp-up of its Tibet salt lake lithium project and continue technical upgrades to improve efficiency and product quality.

• Overseas lithium projects are being marketed for potential sale.

• The company will continue to optimize its environmental business, exit low-efficiency projects, and focus on cash recovery.