en.Wedoany.com Reported - Dimension News, Shengxin Lithium Energy Group Co., Ltd. (002240.SZ) disclosed its semi-annual performance forecast for 2026 on the evening of July 8, 2026, expecting a net profit attributable to shareholders of the listed company of 1 billion to 1.2 billion yuan for the first half of the year, compared with a loss of 841 million yuan in the same period last year, achieving a turnaround from loss to profit year-on-year. The non-recurring net profit is expected to be 1.3 billion to 1.5 billion yuan, compared with a loss of 894 million yuan in the same period last year. Basic earnings per share are expected to be 1.09 yuan to 1.31 yuan.
According to the announcement, the significant improvement in performance is mainly attributed to three factors: first, the rapid development of the global new energy industry, with lithium salt product sales prices rising substantially year-on-year; second, the company continuously optimized production efficiency and implemented cost control and efficiency enhancement; third, the capacity of the Indonesian lithium salt plant was significantly released, achieving both volume and price increases for lithium salt products in the first half of the year.
Shengxin Lithium Energy is headquartered in Chengdu, Sichuan Province, China, with its main business covering lithium ore mining and selection, production and sales of basic lithium salts and metal lithium products. The company has built a lithium salt production capacity of 137,000 tons per year, including 77,000 tons at its Sichuan base in China and 60,000 tons at its Indonesian plant. The Indonesian Shengtao plant released capacity in 2026, becoming an important incremental source of performance growth in the first half of the year.
Based on first-quarter data, Shengxin Lithium Energy achieved a net profit attributable to the parent company of 464 million yuan in the first quarter of 2026. Accordingly, the net profit attributable to the parent company in the second quarter is expected to be between 536 million and 736 million yuan, with a quarter-on-quarter increase of approximately 15.5% to 58.6%. On a year-on-year basis, the net profit attributable to the parent company in the first half of the year increased by 218.90% to 242.68%.
It is worth noting that despite the significant performance growth, Shengxin Lithium Energy's stock price hit the daily limit down on July 8, closing at 38.14 yuan. Market analysis suggests that supply-side signals, such as the resumption of production at CATL's Jianxiawo lithium mine and the commissioning of West Africa's largest lithium mine, may be among the factors suppressing the valuation of the lithium sector.
