Jinlongyu Reports H1 2026 Revenue Growth, Net Profit Down 42.46% Due to Market Challenges and R&D Costs

Published: Aug 22, 2026 22:42

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Jinlongyu (002882) disclosed its semi-annual report. In H1 2026, the company achieved operating revenue of 2.248 billion yuan, up 4.22% YoY; net profit attributable to shareholders of the publicly listed firm was 38.3885 million yuan, down 42.46% YoY; basic earnings per share were 0.0887 yuan.The decrease in the company's net profit was mainly affected by two factors: first, intensified competition in the cable market and high copper prices staying high led to a decline in the gross margin of this business segment; second, continued R&D and investment in capacity construction for the solid-state battery project resulted in a significant increase in related expenses.

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