Zhenhua New Materials announced that in the first half of 2026, it achieved operating income of 650 million yuan, a year-on-year decrease of 8.85%; net loss attributable to shareholders of listed companies was 174 million yuan, a year-on-year decrease of 19.85%; and a net loss of 181 million yuan after deduction. Changes in performance are mainly due to a decline in downstream demand, a decline in overall sales of ternary materials, lower capacity utilization rates driving up fixed costs per unit, and increased competition in the industry putting pressure on product prices. R&D investment in the first half of 2026 was 62.551 million yuan, an increase of 16.65% over the previous year, accounting for 9.63% of revenue.

Zhenhua New Materials announced that in the first half of 2026, it achieved operating income of 650 million yuan, a year-on-year decrease of 8.85%; net loss attributable to shareholders of listed companies was 174 million yuan, a year-on-year decrease of 19.85%; and a net loss of 181 million yuan after deduction. Changes in performance are mainly due to a decline in downstream demand, a decline in overall sales of ternary materials, lower capacity utilization rates driving up fixed costs per unit, and increased competition in the industry putting pressure on product prices. R&D investment in the first half of 2026 was 62.551 million yuan, an increase of 16.65% over the previous year, accounting for 9.63% of revenue.