Yahua Accelerates Construction of Zimbabwe Lithium Sulfate Processing Project

Recently, the European Patent Office (EPO) officially announced the winners of the "2026 European Inventor Award." Yu Haijun and Xie Yinghao from Brunp Recycling, a subsidiary of CATL, won two honors—the "Non-EPO Member State Award" and the "Popular Award"—with their globally leading innovative technology in power battery recycling. This makes them the first Chinese team to receive dual honors since the establishment of the award.

On July 4, Guangzhou Tinci Materials Technology Co., Ltd. issued two consecutive announcements, disclosing adjustments to two major investment projects. First, approximately 406 million yuan of remaining funds from the original "Annual 41,000-ton Lithium Battery Material Project (Phase I)" will be redirected to the "Annual 250,000-ton Electrolyte Production Renovation and Expansion Project," to be implemented by its subsidiary, Fuding Kaixin Battery Materials Co., Ltd. The total investment for this project is approximately 598 million yuan, with a construction period of 18 months. Second, the Nantong Tinci annual 243,000-ton lithium battery and fluorine-containing new materials project has been terminated.

Yahua Group expects net profit attributable to shareholders for the first half of 2026 to reach RMB 1.1-1.3 billion, up 710.17%-857.48% year-on-year. The company said stronger lithium salt prices and higher sales volumes significantly boosted revenue during the period. Improved production efficiency, optimized mine-to-market operations, and tighter cost control also contributed to higher profitability.