Caike New Energy (01986) expects profit attributable to shareholders in the medium term to be no less than 90 million yuan, a year-on-year increase of not less than 867.7%

Zhitong Finance App News, Caike New Energy (01986) issued an announcement. The board of directors expects that the Group's profit for the six months ending June 30, 2026 will be no less than RMB 118 million, a significant increase of not less than RMB 88 million from the profit margin of about RMB 30 million for the six months ending June 30, 2025, an increase of not less than RMB 293.3%; it is expected that the Group will record profit attributable to owners of the parent company for the six months ending June 30, 2026, compared to June 2025 The profit attributable to owners of the parent company for the six months ended on the 30th increased significantly by no less than RMB 8.3 million, or not less than RMB 80.7 million, an increase of not less than 867.7%.

This increase is mainly due to the fact that the sales volume and average sales price per unit of iron phosphate, the main product of the Group's battery materials sector, for the six months ended June 30, 2026 increased significantly compared to the same period in 2025 due to continued growth in downstream market demand, leading to an increase in revenue and gross profit in the Group's battery materials sector, which in turn had a positive impact on the Group's profitability. Second, the sales volume and average unit price of the Group's agrochemical intermediate products for the six months ended June 30, 2026 increased compared to the same period in 2025, leading to an increase in the revenue and gross profit of the Group's dye and agrochemical intermediates sector, which also contributed positively to the Group's profitability.