Chengxin Lithium Group (002240) Q4 2025 earnings summary

Executive summary

• Revenue rose 10.54% year-over-year to ¥5.06 billion, but net profit attributable to shareholders was -¥888 million, down 42.87% year-over-year.

• Gross margin for the year was 18.35%, with overseas business contributing 18.59% of revenue.

• The company continued to expand lithium salt and metal lithium capacity, with 137,000 tons/year lithium salt and 500 tons/year metal lithium capacity built.

• Major projects in Indonesia and Sichuan advanced, and the company completed the acquisition of Sichuan Qicheng Mining.

Financial highlights

• Operating income: ¥5.06 billion, up 10.54% year-over-year.

• Net profit attributable to shareholders: -¥888 million, down 42.87% year-over-year.

• Basic and diluted EPS: -¥0.98.

• Gross margin: 18.35%, down 7.01 percentage points year-over-year.

• Operating cash flow: ¥950 million, down 27.86% year-over-year.

• Total assets: ¥22.48 billion, up 3.33% year-over-year.

• Net assets attributable to shareholders: ¥10.25 billion, down 14.77% year-over-year.

Outlook and guidance

• Focus on ramping up production at Indonesian and Sichuan projects, especially the large-scale development of the Muruo lithium mine.

• Plans to further expand lithium salt and metal lithium capacity, and strengthen global resource acquisition, especially in Sichuan, Africa, and South America.

• Emphasis on cost control, process optimization, and ESG management to enhance competitiveness.