[Yongshan Lithium H1 2026 Profit Turnaround, Salt Revenue +307%]

Yongshan Lithium disclosed its 2026 interim report on August 30, posting revenue of RMB 4.367 billion, up 82.58% YoY, and net profit attributable to shareholders of RMB 198 million, swinging from a loss of RMB 144 million in the year-ago period.

Its lithium salt business was the key growth driver, generating RMB 2.516 billion in revenue (+307.52% YoY) and contributing RMB 187 million in net profit. The company operated at full capacity with output up ~40% YoY and first-pass yield improving by ~3 percentage points. On the customer front, it joined the supply chain of leading LFP cathode producer Hunan Yuneng, while advancing certifications with Wanhua Chemical and Brunp, and expanding into grease and adhesive segments – building a "one-main-plus-multiple" customer portfolio. On the resource side, it deepened long-term agreements with Australian mines and introduced a "post-pricing" procurement mechanism, creating a dual-track supply system combining long-term volume commitments with spot pricing for cost reduction. Additionally, its lithium sulfide pilot project has commenced, Changsha Phase III is progressing steadily, and its second production base in Nanchong, Sichuan has been formally signed.

The company said it will push for Changsha Phase III to commence production within the year, while continuing cost-cutting and efficiency improvements to solidify its long-term foundation.