Daoshi Technology 2026 H1 Revenue RMB 4.794 Billion, Net Profit RMB 290 Million, Strategic Resources Up 49%

Daoshi Technology (300409) released its 2026 semi-annual report. During the reporting period, the company achieved operating revenue of RMB 4.794 billion, up 31.21% year-on-year; net profit attributable to shareholders of listed company of RMB 290 million, up 25.92%; and non-recurring adjusted net profit of RMB 283 million, up 34.33%.

The strategic resources segment was the main driver of the company's revenue growth in the first half. This segment generated operating revenue of RMB 2.586 billion, up 49.31% year-on-year, accounting for 53.93% of total revenue. The gross margin reached 28.25%, up 0.51 percentage points from the same period last year. The global copper supply and demand maintained a tight balance, with copper prices running at high levels. The company's cathode copper shipments increased year-on-year, with products supplied directly to metal traders such as Samsung and Mercuria. The construction of a 30,000-tonne-per-annum cathode copper hydrometallurgical plant in the Democratic Republic of Congo is proceeding as planned, with an investment progress of 14.32% as of the end of the reporting period.

In the new materials field, the carbon materials and anode materials business achieved revenue of RMB 374 million in the first half, up 13.70% year-on-year. The fifth-generation conductive agent single-walled carbon nanotubes and slurry have been mass-produced in 2026. The company has a stable large-scale production capacity of 50 tonnes per annum of single-walled carbon nanotubes, with key indicators such as powder purity, specific surface area, and G/D ratio reaching or exceeding the level of leading international companies, and it has been supplying multiple battery cell manufacturers. For silicon-carbon anodes, leveraging its self-developed porous carbon matrix technology, the company has achieved large-scale production capacity and batch shipments, with half-cell initial efficiency at 0.8V reaching over 87%. The cathode-related materials business achieved revenue of RMB 1.499 billion, up 18.43% year-on-year, with gross margin up 6.07 percentage points to 15.55%.

The Hexi Atomic Computing Center has completed overall construction and equipment deployment, and will officially commence operations. The center is deployed with 100 units of Hexi I servers, all using Xinpeisen's self-developed APU acceleration technology, and is equipped with a self-developed integrated atomic computing software platform.