North China Lead Smelter Begins 45-Day Maintenance, Affecting Daily Lead Ingot Output by 300-350 MT

[Lead-Acid Battery Enterprise Update] Shengyang Co., Ltd. announced that its H1 2026 revenue was 2.027 billion yuan, up 18.18% YoY; net profit attributable to shareholders of the publicly listed firm was 110 million yuan, down 14.72% YoY from 129 million yuan in the same period of 2025; net profit excluding non-recurring items was 107 million yuan, down 11.93% YoY from 122 million yuan in the same period of 2025. The YoY decline in net profit was primarily due to significant exchange losses caused by RMB exchange rate fluctuations and the stage loss incurred by the controlled subsidiary Shengyang Lico's cylindrical lithium battery business, which is still in the incubation phase.

[Lead-Acid Battery Enterprise News] Recently, Kunming Ligong Hengda Technology Co., Ltd. (stock abbreviation: Kungong Technology, stock code: 920152) disclosed its 2026 Semi-Annual Report. During the reporting period, the company achieved operating revenue of 272 million yuan, down 13.21% YoY, and a net loss attributable to shareholders of the parent company of 54.0821 million yuan, widening by 45.11% compared to the same period of the previous year. As of the end of June 2026, the company's orders on hand for aluminum-based lead-carbon energy storage batteries stood at 344 million yuan. Its energy storage products were deployed in benchmark projects such as the Zhengzhou Airport Intelligent Computing Center, and it reached in-depth cooperation with Taihang Nenggu, laying out a 3 GWh alumi