Hunan Zhongbang to Process 10,000 Tons of Spent Lithium-Ion Batteries Annually

On April 28, CNGR Advanced Material Co., Ltd. disclosed its first quarter report for 2026. The financial report shows that in the first quarter of 2026, CNGR achieved operating revenue of 15.750 billion yuan, a year-on-year increase of 46.00%; net profit attributable to shareholders of the listed company was 555 million yuan, a year-on-year increase of 80.54%; net profit after deducting non-recurring gains and losses was 518 million yuan, a year-on-year increase of 96.87%. As of the end of the reporting period, the company's total assets were 83.432 billion yuan, an increase of 2.24% compared to the end of the previous year.

On April 22 local time, Sunwoda, together with a local Belgian client, held a completion ceremony for the battery energy storage project. With a capacity of 10 MW/55 MWh, the project is one of the largest battery energy storage parks connected to the Fluvius distribution power grid, marking a further step in Sunwoda's localization strategy and project delivery capabilities in the European market.